26 Sep '11, 6pm

LG to Invest $6.7B in Solar, EV batteries, LEDs and Water Treatment

LG to Invest $6.7B in Solar, EV batteries, LEDs and Water Treatment

Life's good, South Korean electronics maker LG likes to say. But making life green will make the company money, if a new investment in green business by parent company LG Group pans out as expected. The company said Sunday that it plans to invest more than $6.7 billion in green businesses by 2015. The investment is expected to yield about $8.4 billion in revenues and create 10,000 new jobs by the end of 2015, according to reports. It's all a part of a strategy the company calls "Green New Business." LG says it will invest almost $1.7 billion in electric car batteries by 2013; $846 million in solar, LED lighting, and water treatment sectors; and almost $415 million in the silicon business by the end of 2014, according to reports in South Korean media. Another $338 million will go into solar cell production by 2015. Along with increased revenues and new jobs, the South Korea...

Full article: http://www.greenbiz.com/news/2011/09/26/lg-invest-67b-sol...

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S. Korean Electronics giant LG to Invest $7 Bil...

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