[Original title] South Korean LG factory may move from Russia to Kazakhstan
According to Tengger News, citing the Russian "Kommersant", South Korean household appliance manufacturer LG plans to close a factory in Russia and will produce Transfer to Kazakhstan or Uzbekistan .
According to the report, LG plans to close its factories in the Moscow region that make refrigerators, washing machines and televisions. The company is currently evaluating plans to relocate to Kazakhstan and Uzbekistan.
The company held talks with Uzbekistan's Artel, which also makes Samsung Electronics. Experts say it is more profitable to move production to Uzbekistan due to cheaper labor, but there are more purchasing power consumers in Kazakhstan.
sources told the paper that an LG factory opened in Almaty in 1998, but it closed in previous years. Now, according to sources, the country's Ministry of Digital Development, Innovation and Aerospace Industry is in discussions with LG to start a new business.
Source: Tengger News Network
Compilation: An Ran
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