An entrepreneurs' conference was held on Aug 12 in Taizhou, East China's Jiangsu province, to honor the city's top 10 industrial enterprises of the year.
Among the honorees was Taizhou LG Electronics Refrigeration Co Ltd, located in the Hailing Industrial Park in the city's Hailing district.
The recognition is part of a citywide effort to highlight significant industrial players, based on their sales and tax contributions in the previous year.
Taizhou LG Electronics, a key subsidiary of the global LG Group, focuses on the development and production of high-end smart refrigerators and compressors.
In 2023, the company produced 1.6 million refrigerators and 10 million compressors, with an impressive 99 percent of its products exported to more than 100 countries and regions worldwide.
With industrial sales of nearly 9 billion yuan ($1.26 billion) last year, Taizhou LG Electronics stands out as LG Group's largest overseas production base for refrigerators and compressors.
The accolade is said to underscore the city's commitment to supporting and nurturing major enterprises, driving economic growth in the region.
The exterior view of Taizhou LG Electronics Refrigeration Co Ltd in Hailing Industrial Park. [Photo/Official WeChat account of the company: gh_aae54180a4c1]