LG Electronics is carving a path in the realm of robotic actuators and business-centric appliances as it seeks new avenues for growth. The company is gearing up for potentially substantial orders from prominent global technology firms by innovating actuators that are lighter, more efficient, and competitively priced. Production on a large scale is on the horizon as LG engages in talks with several major tech players, anticipating the finalization of its first significant order soon.
Earlier this year, LG introduced its LG Axium actuator brand, leveraging its expertise in motors, drive controls, and component design honed through years in the home appliance sector. The company plans to set up a fully automated actuator production line at its Changwon facility by the year’s end. With physical AI and humanoid robotics expected to drive demand, particularly around 2030, LG aims to deploy humanoid robots at its Tennessee plant and Changwon smart factory, eventually extending their use to household applications as safety technology advances.
In a parallel effort to expand its business-to-business appliance segment, LG has witnessed significant growth in its built-in appliance and commercial laundry divisions, both of which have recorded over 40% annual revenue growth in the past three years. In Europe, LG is bolstering its specialist sales force while expanding premium built-in brands, with plans to increase product displays to 3,000 outlets by the year’s end.
LG’s ambitions also extend to its commercial laundry business, which is being strengthened with larger-capacity machines and the expansion of partnerships throughout Southeast Asia. In Europe, the company is promoting high-efficiency appliances as part of its strategic objective to become a leading home appliance provider in the region by 2030.