LG Aims to Double Sales to Businesses in Four Years
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LG Electronics Inc., the world’s second-largest maker of liquid-crystal-display televisions, aims to double sales of flat screens and other gear to businesses by 2014, as it seeks new sources of growth.
LG, also the world’s third-biggest phone maker, is looking to generate $5 billion in sales to enterprises including hotels and restaurants by the end of this year and achieve $10 billion within the next four years, said Soon Kwon, chief executive officer of LG’s Business Solutions Co. The division had sales of $4.6 billion in 2009, its first year, according to Seoul-based LG.