For LG and Suppliers, ‘Win-Win’ During Recession Is A Realistic Outcome
This annual event allows LG to forge closer relationships with global partners and helps shore up the competitiveness of all companies involved. This is especially important during an economic downturn. Along with LG Electronics CEO Yong Nam, Chief Procurement Officer (CPO) Tom Linton, the heads of LG Electronics’ five business units and major suppliers such as Qualcomm, Toshiba Semiconductor Company Group and Hitachi Media attended the event.
“Fair and transparent management and trade are an essential to building a strong company,” said CEO Yong Nam. “Collaboration and partnerships are more important these days as those are ways to allow us to get through the economic downturn and to be fully prepared for the future.”
CPO Linton added, “Our partners’ competitiveness is directly related to LG Electronics’ competitiveness. We will continue to invest in technology, innovation and manpower to strengthen the competitiveness of LG as well as our business partners.”
At the event, LG and partner companies discussed ways to strengthen respective capabilities by establishing win-win collaborative strategies for each business unit. They also agreed both LG and its partner companies would proactively address environmental issues and collaborate on the development of eco-friendly products. LG presented eleven awards to its best suppliers, including Taiwan-based MStar Semiconductor Inc., which received the top global supplier award for its contribution to enhancing LG’s display products. LG and partner companies also came together to hold a silent auction fundraiser to raise money by auctioning donated memorabilia from LGE Global Suppliers Day guests with proceeds being donated to UNICEF.
Photo] Chief Procurement Officer (CPO) Tom Linton is presenting 2009 LG Global Procurement Strategy at the second LG Electronics Global Suppliers Day where the company’s executives met with over 400 representatives from supplier companies in Changwon, Korea.
About LG Electronics, Inc.
LG Electronics, Inc. (KSE: 066570.KS) is a global leader and technology innovator in consumer electronics, mobile communications and home appliances, employing more than 84,000 people working in 115 operations including 84 subsidiaries around the world. With 2008 global sales of USD44.7 billion, LG is comprised of five business units –- Home Entertainment, Mobile Communications, Home Appliance, Air Conditioning and Business Solutions. LG is the world’s leading producer of flat panel TVs, audio and video products, mobile handsets, air conditioners and washing machines. LG has signed a long-term agreement to become both a Global Partner and a Technology Partner of Formula One™. As part of this top-level association, LG acquires exclusive designations and marketing rights as the official consumer electronics, mobile phone and data processor of this global sporting event. For more information, please visit www.lge.com.
LG Electronics 개요
LG Electronics Inc., (KSE: 06657.KS) is the leader in consumer electronics and mobile communications. The company has more than 72,000 employees working in 77 subsidiaries and marketing units around the world. LG Electronics is the world’s largest producer of CDMA handsets, residential air conditioners, optical storage devices and home theatre systems. With total revenue of more than USD 35 billion (consolidated USD 45 billion), LG Electronics is comprised of four business units: Mobile Communications, Digital Appliance, Digital Display and Digital Media. For more information, please visit www.lge.com.
웹사이트: http://www.lge.com
연락처
LG Electronics Global PR, Corporate Communications
media contact: Judy Pae at 이메일 보내기 , phone: 82-2-3777-7144
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