.LG showcases a new lineup of AI-powered large industrial washing machines and dryers at Texcare International 2024 in Frankfurt, Germany.South Korean home appliance huge LG Electronics Inc. is actually stepping up efforts to enhance its visibility in the global business-to-business (B2B) market as the business faces developing headwinds from financial uncertainties.LG mentioned on Thursday it is showcasing a brand-new lineup of AI-powered large-capacity office washing machines and dryers at Texcare International 2024, a worldwide B2B washing as well as fabric care show, held in Frankfurt, Germany, for 4 days from Nov. 6.
Kept every 4 years, Texcare is actually considered a significant international B2B washing as well as cloth care show, along with the Tidy Series of the US.This year’s Texcare celebration has attracted over 250 companies and approximately 15,000 field professionals, featuring those coming from hotels, medical facilities as well as large laundry washing establishments worldwide, according to LG.The LG Professional Laundry schedule features 20-, 25- as well as 30-kilogram washers, as well as 25- as well as 30-kg dryers.LG’s artificial intelligence modern technology used at its LG Expert Washing products on display screen at Texcare International 2024 in Frankfurt.LG likewise showcased a washer-dryer combination along with a maximum capacity of 25 kilograms for cleaning as well as 16 kg for drying.With the launch of the brand new schedule, LG said it aims to reinforce its own placement in the commercial washing market in Europe and also worldwide.The products are furnished along with LG’s state-of-the-art AI technology, which instantly adjusts water utilization as well as washing as well as drying out times based upon load size, permitting a full cycle in just one hour, the provider said.INDUSTRY’S FIRST TO USE HEATPUMP AT COMMERCIAL COMBOLG pointed out the 25 kilograms washer-dryer combination stands out being one of the most extensive designs in the heatpump combination group as well as is actually the business’s initial office combo to work with an inverter heatpump drying module.LG Electronics chief executive officer Cho Joo-wan speaks with press reporters at IFA 2024 in Berlin.The proprietary technology substantially decreases drying out opportunities as well as increases power efficiency, helping make LG’s brand-new products ideal for services with higher laundry washing demands, including resorts and also treatment resources, according to the company.Since entering into the global office laundry market in 2008, LG has been actually expanding its influence in the fast-growing segment.Earlier this year, the firm strengthened its own alliance along with laundry, a leading United States laundry washing service provider, to enhance its presence in the United States as well as Canadian markets.LG has actually showcased its own laundry machine innovations at major shows, featuring Clean Program 2022 and also Texcare 2016.” Property on our effectiveness in the property washing machine and also dryer market, our team are right now accelerating our efforts to lead the commercial washing field, particularly in Europe,” pointed out Lyu Jae-cheol, president of LG Electronic devices Home Appliance & Air Remedy Company.LG determines the worldwide business washer market size at $3.5 billion.LG Electronics’ central air conditioning unit.LG Electronic Devices Leader Cho Joo-wan, that also passes his English title William Cho, said previously this year the company is actually producing a significant B2B push to offset deteriorating demand for customer electronic devices. LG runs a wide range of B2B procedures, including vehicle electronic devices, heating system, venting and also cooling (HEATING AND COOLING) bodies, integrated home appliances, smart manufacturing plant services, office display screens as well as movement solutions.Under its Eyesight 2030, the CEO said LG will go after 3 growth drivers: rise purchases of non-hardware products, promote the B2B model as well as explore new growth areas including electric lorry billing and electronic health.In the B2B segment, the provider intends to accomplish annual sales of 40 trillion succeeded ($ 28.7 billion) by 2030. Contact Eui-Myung Park at uimyung@hankyung.comIn-Soo Nam edited this post.