Korean electronics giant LG mulls setting up assembly plant in Tanzania
Last update: 09/07/2018
DAR-ES-SALAAM, July 9 (BERNAMA-NNN-DAILY NEWS) -- Korean electronics giant LG Electronics is studying the possibility of establishing an assembly plant in Tanzania to tap into the country's rising middle class consumers and to reach the wider East African market.
LG Electronics General Manager for East Africa Moses Marji said at the ongoing 42th Dar es Salaam International Trade Fair here over the weekend that Tanzania was an important growing market for the company and its strategic location would enable LG to reach the East African regional market.
"There are various issues that we have to take into consideration before coming to a decision to invest because as of now the country is going through a transition, including a change in the laws and other key elements in the investment sector; therefore we will make our decision based on all those issues in the end," he added.
He said what mattered most is the quality of products and the intended factory to be established will bring into reality the idea to use home-made products.
It was crucial to establish the plant in the country so that the customers could feel that they are using their own home-made products, he said.....
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