New Manufacturing Plant i n Sri City Expected to Begin Operations by End of 2026
SRI CITY, India, May 8, 2025 /PRNewswire/ -- LG Electronics India Ltd. (LGEIL) announced the commencement of construction of its new manufacturing facility in Sri City, Andhra Pradesh today at a ceremony graced by the presence of Shri Nara Lokesh, Hon'ble Minister for Information Technology, Electronics and Communications, Real Time Governance and Human Resources Development, Government of Andhra Pradesh. The new plant is expected to commence operations by the end of 2026.
Strategically located in Sri City's industrial area, the new manufacturing facility will enhance LGEIL's production capacity and also enable local employment in the region. The new facility will be LG Electronics' third plant in India. The other two plants are located in Greater Noida, Uttar Pradesh and Pune, Maharashtra. This investment underscores India's potential as a critical hub within LG Electronics' global supply chain.
The government of Andhra Pradesh has approved 247 acres of land in Sri City for LGEIL's new manufacturing facility, which is expected to generate around 1495 direct jobs. LGEIL plans to invest approximately USD 600 million (INR 5001 crores) over the next four years, with the potential to attract ancillary businesses to the region, thereby creating an ecosystem for white good manufacturing in the state of Andhra Pradesh.
The new plant at Sri City is expected to localize production further and meet the growing demand for LG products throughout India. It will also strengthen LGEIL's supply chain in South India, while helping expedite access to LG products for consumers in the region. The facility will manufacture a diverse range of products, including AC compressors, refrigerators, washing machines and air conditioners.
In addition to the presence of Shri Nara Lokesh, the ceremony was attended by other senior government functionaries along with senior LG Electronics executives from South Korea, including Lyu Jae-cheol, president of the LG Home Appliance Solution Company; James Lee, president of the LG Eco Solution Company and Hong Ju Jeon, managing director of LGEIL. Other government officials and senior LGEIL leadership were also present at the ceremony.
Sharing his best wishes from Amaravati, the new capital of Andhra Pradesh, Shri N Chandrababu Naidu, Hon'ble Chief Minister of Andhra Pradesh said, "We wholeheartedly welcome LG Electronics to Sri City, Andhra Pradesh. The announcement of LG Electronics' new manufacturing plant in Andhra Pradesh is a testament to Andhra Pradesh's progressive policies with regards to being industry friendly, ease-of-doing-business, fostering innovation and being home to world-class manufacturing hubs. A well-developed industrial ecosystem, great connectivity and pro-business environment makes Sri City the best location for the new plant."
Shri Nara Lokesh, Hon'ble Minister for Information Technology, Electronics and Communications, Real Time Governance and Human Resources Development, Government of Andhra Pradesh said, "We are delighted that LG Electronics has chosen Sri City for its third manufacturing facility in India. This is a testament of LG Electronics' commitment to India and I am confident that this expansion into Andhra Pradesh will address the potential growth in demand for LG products across India."
"We are taking yet another important first step toward enhancing our partnership with India and contributing to its economic growth. The construction of our third manufacturing plant will complement our existing production facilities in Noida and Pune and marks a new milestone in our journey in India," said Lyu. "This brand-new facility will create more jobs and increase local production," he further added.
About LG Electronics India Pvt Ltd
LG Electronics India Pvt. Ltd. (LG Electronics), a wholly owned subsidiary of LG Electronics was established in January 1997 in India. LGEIL currently operates two manufacturing units located in Greater Noida, Uttar Pradesh and Ranjangaon near Pune. The plants currently manufacture LED TVs, air conditioners, washing machines, refrigerators, microwave ovens and monitors.
"LG Electronics India Limited (the "Company") is proposing, subject to receipt of requisite approvals, market conditions and other considerations, to make an initial public offer of its equity shares and has filed a draft red herring prospectus dated December 6, 2024 ("DRHP") with the Securities and Exchange Board of India ("SEBI"). The DRHP is available on the websites of our Company, at http://www.lg.com/in/, SEBI at www.sebi.gov.in as well as on the websites of the book running lead managers, Morgan Stanley India Company Private Limited, J.P. Morgan India Private Limited, Axis Capital Limited, BofA Securities India Limited, and Citigroup Global Markets India Private Limited, at www.morganstanley.com/, www.jpmipl.com/, www.axiscapital.co.in/, https://business.bofa.com/bofas-india and www.online.citibank.co.in/rhtm/citigroupglobalscreen1.htm, respectively, and the websites of the stock exchange(s) at www.nseindia.com and www.bseindia.com, respectively. Any potential investor should note that investment in equity shares involves a high degree of risk and for details relating to such risk, see "Risk Factors" of the Red Herring Prospectus, when available."
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
LG ELECTRONICS INDIA LIMITED BEGINS CONSTRUCTION OF ITS THIRD MANUFACTURING PLANT IN INDIA
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YONGIN, South Korea, Jan. 14, 2026 /PRNewswire/ -- WIRobotics, a global robotics company co-led by Co-CEOs Younbaek Lee and Yongjae Kim, announced the successful conclusion of its participation at CES 2026, marking a shift from technology demonstration to the execution phase of global collaboration across both humanoid and wearable robotics.
Across CES 2026 Unveiled and the main exhibition, WIRobotics showcased its wearable walking-assist robot WIM S and humanoid robot ALLEX, moving beyond demonstrations to engage in concrete business discussions and technical collaboration planning. This year's CES served as a meaningful turning point, with tangible outcomes pointing toward real-world partnerships and business expansion.
At the exhibition, ALLEX attracted strong interest from global technology companies including NVIDIA, Meta, and Amazon, with purchase interest expressed by several organizations. WIRobotics also established concrete plans for technical collaboration and joint technology development with select AI big-tech companies, advancing discussions into an actionable stage.
ALLEX was highly regarded for its high-degree-of-freedom hands and arms, as well as its ability to deliver human-like force control and natural interaction across the full body. Strong anticipation was also shown for ALLEX's research-focused platform scheduled for commercial availability later this year, along with an expanded configuration integrated with a wheeled mobile base.
The company's wearable robot WIM also delivered tangible business outcomes at CES 2026. WIRobotics held discussions regarding potential collaboration with senior living communities and government-led programs in the United States, while advancing distribution partnerships in Mexico, the Middle East, and Southeast Asia, further solidifying its global expansion strategy.
With nearly three years of commercial deployment, WIM continues to demonstrate its value as a wearable robot designed for long-term daily use. Existing users from around the world visited the WIRobotics booth to experience product upgrades and share real-world usage feedback, reinforcing user trust and sustained adoption.
"CES 2026 marked a pivotal transition for WIRobotics—from presenting technology to executing real collaboration and business initiatives with global partners," said Younbaek Lee, Co-CEO of WIRobotics.
"The real-world experience and data accumulated through wearable robotics have become a core asset in accelerating the maturity and commercialization of our humanoid robotics technology. Building on both platforms, we will actively expand joint development and global market opportunities with our partners."
Following CES 2026, WIRobotics plans to accelerate global collaboration and business expansion centered on humanoid and wearable robotics, contributing to the broader integration of robotics across research, industry, and everyday life.
About WIRobotics
Founded in 2021, WIRobotics is a global robotics company spanning wearable robotics for everyday use and next-generation humanoid robotics. The company began commercial sales of lower-back and walking-assist wearable robots in 2023, and in the summer of 2025 unveiled the upper body of its humanoid robot, ALLEX, expanding into advanced humanoid robotics. By advancing both practical and cutting-edge robotic technologies, WIRobotics continues to shape the future of robotics on a global scale.
YONGIN, South Korea, Jan. 14, 2026 /PRNewswire/ -- WIRobotics, a global robotics company co-led by Co-CEOs Younbaek Lee and Yongjae Kim, announced the successful conclusion of its participation at CES 2026, marking a shift from technology demonstration to the execution phase of global collaboration across both humanoid and wearable robotics.
Across CES 2026 Unveiled and the main exhibition, WIRobotics showcased its wearable walking-assist robot WIM S and humanoid robot ALLEX, moving beyond demonstrations to engage in concrete business discussions and technical collaboration planning. This year's CES served as a meaningful turning point, with tangible outcomes pointing toward real-world partnerships and business expansion.
At the exhibition, ALLEX attracted strong interest from global technology companies including NVIDIA, Meta, and Amazon, with purchase interest expressed by several organizations. WIRobotics also established concrete plans for technical collaboration and joint technology development with select AI big-tech companies, advancing discussions into an actionable stage.
ALLEX was highly regarded for its high-degree-of-freedom hands and arms, as well as its ability to deliver human-like force control and natural interaction across the full body. Strong anticipation was also shown for ALLEX's research-focused platform scheduled for commercial availability later this year, along with an expanded configuration integrated with a wheeled mobile base.
The company's wearable robot WIM also delivered tangible business outcomes at CES 2026. WIRobotics held discussions regarding potential collaboration with senior living communities and government-led programs in the United States, while advancing distribution partnerships in Mexico, the Middle East, and Southeast Asia, further solidifying its global expansion strategy.
With nearly three years of commercial deployment, WIM continues to demonstrate its value as a wearable robot designed for long-term daily use. Existing users from around the world visited the WIRobotics booth to experience product upgrades and share real-world usage feedback, reinforcing user trust and sustained adoption.
"CES 2026 marked a pivotal transition for WIRobotics—from presenting technology to executing real collaboration and business initiatives with global partners," said Younbaek Lee, Co-CEO of WIRobotics.
"The real-world experience and data accumulated through wearable robotics have become a core asset in accelerating the maturity and commercialization of our humanoid robotics technology. Building on both platforms, we will actively expand joint development and global market opportunities with our partners."
Following CES 2026, WIRobotics plans to accelerate global collaboration and business expansion centered on humanoid and wearable robotics, contributing to the broader integration of robotics across research, industry, and everyday life.
About WIRobotics
Founded in 2021, WIRobotics is a global robotics company spanning wearable robotics for everyday use and next-generation humanoid robotics. The company began commercial sales of lower-back and walking-assist wearable robots in 2023, and in the summer of 2025 unveiled the upper body of its humanoid robot, ALLEX, expanding into advanced humanoid robotics. By advancing both practical and cutting-edge robotic technologies, WIRobotics continues to shape the future of robotics on a global scale.
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
WIRobotics Concludes CES 2026, Advancing into Execution Phase of Global Collaboration Across Humanoid and Wearable Robotics
