January 11, 2018 / 5:30 AM / 8 months ago

LG Elec to start operating U.S. washing machine factory in Q4 2018

SEOUL, Jan 11 (Reuters) - South Korea's LG Electronics plans to start operating its new washing machine factory in the United States in the fourth quarter this year, its chief executive said on Thursday.

The start date for the Tennessee factory now being built has been moved forward from a previous target of Feb. 2019, Jo Seong-Jin, who is also vice chairman of LG Electronics, said on the sidelines of a trade show.

In November, the U.S. International Trade Commision recommended tariffs to keep LG and domestic rival Samsung Electronics from selling inexpensive washers in the U.S. market, a step that would benefit American appliance maker Whirlpool Corp. (Reporting by Joyce Lee; Editing by Clarence Fernandez)

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