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Multinational LG Surprises The Industry And Announces R$ 1.55 Billion Investment To Open New Factory In Brazil And Create Thousands Of Direct And Indirect Jobs

Written by Valdemar Medeiros
Published on 19/08/2024 at 05:27
Updated on 18/08/2024 at 22:40
Multinacional LG surpreende a indústria e anuncia investimento de R$ 1,55 bilhão para inaugurar nova fábrica no Brasil e gerar milhares de empregos diretos e indiretos
Foto: Divulgação/LG
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LG Multinational Announced the Construction of a New Factory in Brazil. The Unit Will Be Installed in Paraná and, with a Billion-Dollar Investment, Is Expected to Generate Thousands of Direct and Indirect Jobs. This New Venture Reinforces LG’s Commitment to the Brazilian Market, Bringing Innovation and Economic Growth to the Region.

With an investment of R$ 1.5 billion, LG multinational started this week the construction of its new factory in Fazenda Rio Grande, in the metropolitan region of Curitiba. Globally recognized for producing high-quality electronics, LG reinforces its presence in Brazil with this new unit, which will not only increase its production capacity but also boost the local economy.

The factory is expected to generate thousands of direct and indirect jobs, significantly contributing to the development of the region and consolidating Brazil as a strategic hub for the production of household and technological devices.

Understand the Importance of LG Multinational’s New Factory

The first stage of the planning involves clearing the land where LG multinational’s new factory in Brazil will be installed, the South Korean giant. In Paraná, the factory is expected to focus on the so-called white goods, which include refrigerators, washing machines, ovens, and air conditioners.

Governor Ratinho Junior highlighted the positive moment of the Paraná economy, which is growing three times above the national average. According to him, the partnership with companies like LG multinational boosts the development of the state. 

To give an idea, the last Census (2022) highlighted Fazenda Rio Grande as the second municipality in Brazil that had, proportionally, the highest population growth in Brazil. The number of inhabitants nearly doubled in 12 years, increasing from 81 thousand to almost 150 thousand residents. Mayor Marco Marcondes hopes that the installation of the new factory in Brazil will offer many jobs to the residents.

Referred to as the Memorandum of Understanding (MoU), the document signed at the time was a protocol of intentions between the parties, marking the stage that precedes the installation process of the investment, through which the State Government and LG commit to establishing joint efforts to facilitate the start of operations.

LG Multinational Has Had a Factory in Brazil for Over 27 Years,

According to Ratinho Junior, referring to the recent results released by the Central Bank about the 7.8% growth in the state’s economic activities, this is an excellent moment for Paraná, which last year had the highest economic growth in Brazil, three times greater than the national average, resulting precisely from these partnerships it is forming with large companies from around the world.

With operations in Brazil for over 27 years, the company already has a factory in the Free Trade Zone of Manaus (ZFM), in Amazonas.

The investment for the installation of the new factory in Brazil, which promises to create MANY jobs, is linked to the objective of establishing a local production system allied with the strategy of selling premium products. An example is the InstaView technology, which allows users to see the contents of the refrigerator from a display on the door.

In May of Last Year, Rumors Emerged About a New LG Multinational Factory in Santa Catarina

In May, it was also announced that the city of Garuva, in northern Santa Catarina, remains among the most qualified to receive the new LG technology company’s factory in southern Brazil. This week, a delegation of state deputies from Santa Catarina was in Seoul, the capital of South Korea, for a series of meetings that discussed diplomatic and economic ties, as well as cooperation in trade, technology, and education.

In May of last year, Lieutenant Governor Marilisa Boehm informed that the Korean company’s priority choice was Santa Catarina.

Even with the installation of a factory in Paraná, the arrival of a unit in Garuva, however, is still under consideration and remains in the plans of the representatives from Santa Catarina, generating hundreds of direct and indirect jobs.

Besides the discussions with LG multinational, the delegation visited strategic locations in Seoul, such as the Brazilian embassy, the South Korean parliament, and the local Ministry of Justice.

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Rodrigo
Rodrigo
20/08/2024 22:49

Essa fábrica estava prevista para ser construída em Limeira em SP, mas graças a parceria do governador de SP Tarcisio e o governador do Paraná Ratinho Júnior São Paulo perdeu esse investimento, os votos dos paranaenses para eleger Tarcisio a presidente já está custando caro para São Paulo, parabéns aos eleitores que elegeram Tarcisio a governador de SP.

Gustavo
Gustavo
20/08/2024 19:59

Ao invés de investir nas fábricas existentes, ela vai construir uma nova do zero?
Tem a fábrica de Manaus, a fábrica em Taubaté SP quase abandonada e vão construir mais uma, cadê a estratégia comercial ?

Guilherme
Guilherme
20/08/2024 10:41

6 meses pra virar uma Venezuela e 1 ano para virar a Argentina 🤔

Valdemar Medeiros

Formado em Jornalismo e Marketing, é autor de mais de 20 mil artigos que já alcançaram milhões de leitores no Brasil e no exterior. Já escreveu para marcas e veículos como 99, Natura, O Boticário, CPG – Click Petróleo e Gás, Agência Raccon e outros. Especialista em Indústria Automotiva, Tecnologia, Carreiras (empregabilidade e cursos), Economia e outros temas. Contato e sugestões de pauta: valdemarmedeiros4@gmail.com. Não aceitamos currículos!

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