Wilo-Salmson acquires Korean pump manufacturer

30.01.2001

Wilo-Salmson AG, one of the world's leading manufacturers of pumps and pump systems, has announced the acquisition of 80 % of shares of the pump segment from LG Cable Ltd, Seoul / Korea. The new cooperative venture Wilo-LG Pumps Ltd. had annual sales of approximately $70 million in the year 2000. With that the turn-over of the Wilo-Salmson Group will increase to more than 1 billion DEM.

Together with its existing activities Wilo-Salmson aims to consolidate its market position in Korea and the Asian region. The own subsidiary of Wilo-LG Pumps Ltd. in China is an important fact for this expansion.

The product line of LG Pumps contains household pumps, agri-industrial pumps, engine pumps, chemical pumps etc.

Further facts about the business activities of LG Pumps:

- acquiring ISO-9001, ISO-14001 certification

- foundation of Indonesia LGEBI, vietnam LGEMH joint venture co

- development & production of booster unit pump

Source: WILO SE

More articles on this topic

PLEUGER Acquires AVI International, Expanding Further into North America

09.02.2024 -

PLEUGER announces its strategic acquisition of AVI International, a Connecticut-based specialist in the upgrade, repair, and service of rotating equipment. This acquisition signifies a major expansion into the North American markets, marking a new chapter in the company’s history of innovation and engineering excellence. The company also has manufacturing facilities in Germany and France.

Read more