LG Opens Air Solution R&D Lab in Germany to Boost European HVAC Business
Germany: South Korean consumer electronics giant LG Electronics, a subsidiary of LG Corp, is setting up a 10,000sqft (930sqm) air solution research and development (R&D) lab in Frankfurt, Germany. The centre is intended to strengthen the company’s ability to provide heating, ventilation, and air conditioning (HVAC) solutions to the European market. It will focus on developing high-performance HVAC products tailored to Europe’s diverse climate conditions. LG has said that research and testing will be carried out on a wide range of residential and light commercial HVAC systems, including heat pumps, energy monitoring systems and energy management platforms. Employees at the new lab will also collaborate with LG in the recently launched European Consortium for Advanced Heat Pump Research to develop heat pumps that can reliably deliver top-tier heating performance during Northern Europe’s harsh winters. LG plans to recruit local talent in the field of heat pump design and smart home technology.
Source: Investment Monitor