LG Electronics, the world’s leading air conditioner manufacturer, announced the spin-off its successful air conditioning operation from its Digital Appliance business as part of its re-alignment. LG’s Air Conditioning Company will focus exclusively on commercial and residential air conditioning and businesses solutions, including home networking (HomNet) and building management solutions (BMS). “Our new organization is better positioned to compete in the global HVAC market and we expect LG Air Conditioning to be a core growth engine for LG Electronics in the years ahead” said Hwan-Yong Nho, CEO of LG Air Conditioning Company.

The new Air Conditioning Company is expected to play a key role in the new integrated company. Along with this, LG will seek out additional opportunities for mutually beneficial collaboration between units within the company while increasing its focus on building management solutions, home networking and renewable energy.

As part of its overall strategy, LG Air Conditioning Company will also strengthen its international marketing capabilities with six Regional Business Leaders to oversee Europe, CIS, the Middle East, Asia, Central and South America and China.

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