On August 17, LG Electronics said in a statement that it has opened a new home appliance factory in the Brazilian state of Parana, with an investment of about US$310 million. This is the company's second production base in Brazil. LG Electronics said the plant has an annual production capacity of around 600,000 refrigerators. The plant will initially serve the Brazilian domestic market, and later plans to serve as a production and export hub for Latin America.

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