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LG Unveiling New Products, Big Plans For Middle East Energy Solutions Market
Published Apr 4, 2011
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This year LG announced its plans to become a major player in global energy solutions market by introducing the 3rd version of existing tropical Multi V III, and the newly released VRF Air Handling Unit (AHU) within the Middle East and Africa (MEA) markets. The Multi V III boasts a 4.6 coefficient of performance (COP) for heating and 4.3 for cooling, as well as a bigger capacity per unit with an extended piping length of 1,000m. In addition, LG’s HSS Inverter Compressor greatly enhance efficiency on the Multi V III, reducing energy use by up to 11 percent compared with previous models.
LG’s VRF Air Handling Unit (AHU), integrated control system lets users manage air conditioning for an entire building. The AHU provides outstanding heating, cooling and outdoor fresh air conditioning while saving energy. These AHU’s can be used for 100% fresh air application or re-circulating air application. Based around these advanced solutions, LG plans to aggressively expand its market share in MEA commercial air conditioning this year.
With the establishment of a full line-up of air conditioning systems, LG is planning to evolve into a total solution provider for the MEA market. Through heavy investment, LG has built up its technical capabilities, by constructing a custom-built AC Academy at Jebel Ali which has been LEED Silver certified ,where LG is customizing products to the needs of MEA consumers. LG Electronics also aims to further heighten the reliability of LG’s products, ensuring they are equipped to work in all weather conditions.
Moving beyond its traditional role as a leader in air conditioning, LG is making a foray into the energy business, with solutions including LED lighting and solar power.
LG plans to invest US $500 million as it ramps up its workforce and R&D, with a further aim of hitting US $10 billion in global sales by 2013.
“We’ve developed a range of products and solutions that meet the ever more pressing demands of consumers, while also containing costs and reducing energy consumption,” said Mr. H.S. Paik, President of LG Electronics Gulf FZE.
We’re confident that we have every energy solution covered, whatever the business. We already have references with the Multi V, including Al Gurm in Abu Dhabi, Dubai Arabian Horse stud in Dubai, American Academy School in Abu Dhabi and many more. This proves the awareness and acceptance level of this technology which is popular across the MEA.”
Providing technical insight, Senior Manager, Commercial Air Conditioners, Mr. Dharmesh Sawant added “With the increased emphasis on local green building codes like Estidama in Abu-Dhabi and Q-SAS in Qatar, tropical Multi V III and VRF AHU solution will help the local authorities to meet its objective. LG supports the stakeholders across the value chain. We have a dedicated team to support the consultants and developers in the concept, design stage, as well as a dedicated team for contractors in the post-tender stage and a dedicated team for facilities management companies. Also the local AC Academy provides training and certifies all contractors to reduce operational headaches due to improper installation. We are confident that this technology will reduce the burden on the power grid which is currently running on peak.”
About LG Electronics:
LG Electronics, Inc. (KSE: 066570.KS) is a global leader and technology innovator in consumer electronics, mobile communications and home appliances, employing more than 93,000 people working in over 120 operations around the world. With 2010 global sales of 55.8 trillion Korean won (USD 48.2 billion), LG comprises four business units – Home Entertainment, Mobile Communications, Home Appliance, and Air Conditioning & Energy Solutions. LG is one of the world’s leading producers of flat panel TVs, mobile devices, air conditioners, washing machines, and refrigerators. LG has signed a long-term agreement to become both a Global Partner and a Technology Partner of Formula 1™. As part of this top-level association, LG acquires exclusive designations and marketing rights as the official consumer electronics, mobile phone and data processor of this global sporting event. For more information, please visit www.lg.com.
About LG Electronics Air Conditioning and Energy Solution Company:
The LG Electronics Air Conditioning and Energy Solution Company is a complete heating, ventilation and air conditioning (HVAC), and energy solution company providing Residential Air Conditioning (RAC), Commercial Air Conditioning (CAC), Solar Energy and Lighting around the world. Bringing technology leadership from the worldwide HVAC market and incorporating technologies from throughout LG, LG AE is increasingly expanding into specialized B2B solutions as an integrated energy solutions company. Through its innovative technology, heavy investments in R&D and effective marketing strategies, LG AE has broken its own sales records every year since 2000.
For more information:
LG Electronics Inc. MEA Regional Company
Zahabia Motiwala
Corporate Communications Manager
Corporate Marketing Team
T: +9714 350 9500
F: +9714 334 4304
E: Zahabia.motiwala@lge.com
LG-One
Lona Ayoub
T: 971 4 3344930
F: 971 4 3344923
E: Lona.Ayoub@lg-one.com
Posted by
VMD - [Virtual Marketing Department]
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