Thirty years after setting up operations in Hailing district, Taizhou, Jiangsu province, LG Electronics' local facility has grown into the South Korean conglomerate's largest overseas refrigerator and compressor manufacturing hub, with total investment exceeding $500 million.
LG Electronics' refrigerator production line at its Hailing facility. [Photo/WeChat account: weihailing0523]
Annual output now reaches 2.2 million refrigerators and 10 million compressors, rolling out one high-end fridge every 12 seconds, with products exported to over 100 countries and regions.
Workers assemble side-by-side refrigerators on the production line. [Photo/WeChat account: weihailing0523]
An array of LG refrigerators is on display. [Photo/WeChat account: weihailing0523]
The company has created a sprawling local supply network of 30 supporting enterprises, forming a smart home appliance industrial cluster valued at over 15 billion yuan ($2.2 billion) that provides more than 10,000 local jobs.
Tier suppliers such as Xingxing Electronics, Xinghui Electronics, and Haifa Industrial Fittings have repeatedly expanded production on the back of steady growth in orders, with some extending their supply reach to LG's global plants in Poland and Indonesia.
Hailing Industrial Park is now developing a dedicated smart home appliance supporting zone to attract more upstream and downstream businesses, further strengthening the cluster's "grape bunch" effect. The initiative is part of Hailing district's efforts to build a modern industrial system focused on new energy and new materials, automobiles and parts, smart home appliances, and the digital economy.