| In 2005, the company recorded a turnover of Rs 7,500 crore, according to Kwang Ro Kim, managing director of LGEIL. |
| The company plans to scale up its revenue by addressing the needs of the domestic market for electronics, white goods and home appliances and introduce new premium products in these segments. |
| Addressing a press conference on the sidelines of launching their mobile phones and refrigerators, Kim said that with the launch of four new handsets, the company has 12 GSM models available in the market and is planning to launch 18 handsets by the end of the year. With this, the company expects to further consolidate its position in the GSM handset market. |
| LGEIL intends to sell 50 lakh CDMA handsets this year as against 30 lakh handsets sold in 2005. It has targeted 12 lakh GSM handsets to be sold this year as against 4 lakh GSM handsets sold last year. |
| "We are looking at achieving a turnover of Rs 147 crore in the GSM segment and Rs 280 crore in the high-end home appliance segment respectively in the southern market," said P V M Rao, regional manager- South, LGEIL. |
| The refrigerator that has been introduced is targeted at the top end of the market priced at Rs 1.30 lakh with 715 litre capacity. Currently, LGEIL has a market share of seven per cent in the handset market and close to 40 per cent in the refrigerator market. The company plans to double its market share in both the segments by the end of this year. |
| LG would open up a plant in the South, probably in Hyderabad or Chennai in three years for manufacturing its products. It has already set up a plant in Pune for manufacturing GSM mobile handsets. |
| On the export front, the company recorded a revenue of $ 140 million last year and has targeted a $ 200 million revenue in 2006, Kim added. |
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