LG Electronics (LG) recently announced the launch of a new business initiative with the unveiling of a solar cell production line in Gumi, about 200 kilometers southeast of Seoul. The production line will enable LG to manufacture approximately half a million solar modules a year with a total capacity of 120-megawatts (MW), the equivalent energy needs of 40,000 homes annually.

“LG intention is to become a global player in the world’s solar industry through a combination of our mass production expertise and strict quality control system,” said Kwanshik Cho, vice president of Solar Business Team at LG Electronics. “LG has the necessary skills, know-how and business strategy to make this a profitable venture for the long-term. We are commencing production of crystalline solar cells and will continue to focus on both types of solar cells going forward,” added Cho.

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