LG Home Appliance sales were 2.8 trillion won and operating profit was 67 billion won, which increased 9% year on year. Overseas markets sales grew 17% year on year, because of OEM business expansion in the North American market and peak season promotions in India and China. LG Air Conditioning sales increased 35% year on year to 1.1 trillion.
LG Business Solutions remain the same. The company would continue to invest in its B2B infrastructure, including commercial air conditioners, and new opportunities for its LED lighting and solar power businesses to generate a long-term foundation for growth. Meanwhile, The Company expected sales of car infotainment products and profitability growth in the coming months with upcoming launches of premium monitors, commercial displays and hotel TVs.
USDA representatives have taken a visit to Purdue University greenhouses on October 25th to get a preview of the work research that will come from the grant. USDA officials, including Deputy Secretary Kathleen Merrigan, got to see the prototype LED lights which will be used in the research.
According to Purdue and the researchers , low winter light means growers currently have to use more expensive overhead lighting to establish new plants .
