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LG commences India?s first optical drive plant at Pune

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MUMBAI: LG Electronics India has commenced operations of its Greenfield facility for ODD products at Ranjangaon, Pune.

LG has begun manufacturing DVD Writers thus becoming the first company to manufacture the same in India. The DVD writer plant in Ranjangaon is the second largest DVD Writer plant in Asia. The facility presently has a capacity of producing 600,000 units of DVD players per month .

The facility will also have an additional product range to the existing line up. LG Electronics has already begun manufacturing of GSM mobile phones early last year making it the first mobile phone manufacturing company in India. The Pune plant in addition to its current manufacturing facility at Greater Noida will enable the company to expand its consumer reach.

The plant aims to reach up to 1500 manpower base and an investment of Rs. 300 crores till 2010 for ODD plant . With this unit LG India has become the export hub for LG DVD writers catering predominantly to the European markets. The company aims to touch an export turnover of USD 450 million by 2008.

The Ranjangaon plant already caters to manufacturing of refrigerators, colour television sets, microwave ovens and GSM handsets.

LG India MD KR Kim said, "It gives us great pleasure and encouragement to be the only company in India to have a first of its type ODD plant. The Greenfield facility manufactures premium end models of the product which are primarily for exports. The disk drives manufactured in Ranjangaon will cater mainly to the European markets.?

LG adds that the encouraging optimism that the Indian consumer durables market has to offer to LG has driven it to invest Rs. 9 billion for the manufacturing facilities at the Pune plant, out of which Rs 3 billion would be invested in DVD writers. The firm hopes that the move will give it an edge over other players in terms of production and subsequent market share.

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