Browse > Home / IT Magazine / The member that pass LG to send inspects GE home appliance to already was referred on the spot evaluate a report

The member that pass LG to send inspects GE home appliance to already was referred on the spot evaluate a report

June 13, 2008

Time of Beijing of dispatch of sina science and technology on June 13 message, according to foreign media coverage, message personage says, LG electron is considering contest to buy general and electric (the following abbreviation ” GE ” ) home appliance business, invite possibly to cast hold the position of financial adviser all right. What the tall canal that LG electron expedites just went to the United States to finish pair of GE is on-the-spot make an on-the-spot investigation, referred a detailed assessment to report.

Message personage discloses, come from the manufacturer of white home appliance of Asia, Germany, Turkey, Mexico, Sweden, Italy, reached fund of collect of a few illicit to all express interest to business of GE home appliance. The sale last year amounts to business of GE home appliance 7.2 billion dollar, 4% of the total sales that occupy GE. Because profit of home appliance industry is scanty, GE is produced already ” retreat meaning ” .

England ” financial times ” this weekly way says, haier buys business of GE home appliance of purpose likewise. In recent years, chinese company initiates the contest that is aimed at American production company to buy time and again, try to make low cost of China the brand of advantage and American company and channel photograph tie. And Chinese white home appliance is full of competition ability on the price not only, also be about the same with Korea and Japanese product on quality.

But, regard an Asia as banner home appliance manufacturer, LG electron buys business of GE home appliance in contest when, want to surpass the person that the contest such as sea Er is bought on finance affairs and administrative experience.

Market personage thinks, LG electron joins contest extremely likely to buy, if this buys a success, its will consolidate the position in American market. LG already obtained great progress on market of American home appliance, the washing machine that its produce, air conditioning and television are in place ovation. But also analytic personage thinks, be in the United States second after borrowing the crisis, it is difficult that a good deal of and financial support that LG electron wants to acquire American bank will exist.

Two Zhou Qian, na Yong of LG electron CEO expresses: “We are paying close attention to a situation closely, because this buys situation of trade of home appliance of whole world of will great change ” .

LG Zhou Si refuses ” publish a comment with respect to speculation ” , but the choice that expresses to paying close attention to a company.

Go up month, LG electron announces, the plan is in future recombines business inside 5 years, concrete step includes to come off deficit business, outside enlarging Xiang Hai outside bag, and the burgeoning business that sortie the sources of energy and health care taste and so on.

Tags: , , , , , ,

Written by ITTech · Filed Under IT Magazine