LG No. 1 Brand in Global Washing Machine Market for Seventh Consecutive Year
Market Leadership Reflects Innovative LG 6 Motion and TurboWash™ Technologies
TORONTO, March 26, 2015 /CNW/ - For the seventh consecutive year, LG Electronics (LG) was named the number one washing machine brand worldwide in 2014, accounting for 12.4 per cent of all washing machines sold.1 In front-load washing machines, LG was again the top brand globally in 2014 for the sixth consecutive year with 14.7 per cent market share 1 and number one in the highly competitive U.S. market for the eighth straight year.
The success of LG washers can be attributed to a number of innovative advances in washer technology. For example, the Direct Drive motor, which is attached directly to the washer's drum, increases performance and durability. LG's 6 Motion technology has a touch as delicate as hand washing, helping to reduce wrinkles and damage to clothes. Another important innovation has been the TurboWash™ technology, which uses high pressure water particles that dramatically reduce washing time.
LG's front-load washing machines have been recognized all over the world for their outstanding reliability and durability by leading consumer magazines from Spain (OCU-Compra Maestra), Italy (Altroconsumo) and Australia (Choice). A leading U.S. consumer magazine rated LG's front-loaders as most reliable for six consecutive years through 2014. Germany's Association for Electrical, Electronic and Information Technologies (VDE) and other consumer organizations have also recognized LG's front-loaders for their durability.2
This year, LG plans to continue its leadership in home laundry with innovative products such as the world's first front-load washing machine with TWIN Wash™. This revolutionary design enables two separate loads to be washed simultaneously. With a space-efficient "mini washer" in the pedestal, overall cycle times are reduced with fewer loads required.
"LG has been able to dominate the global market through constant development of innovative washing machine technology and design, especially our 6 Motion Direct Drive motor and TurboWash™ technologies," said Seong-jin Jo, president and CEO of the LG Home Appliance & Air Solution Company. "Innovative features, reliable performance and outstanding design continue to be key selling points for LG premium appliances, and customers seem to agree."
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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 83,000 people working in 128 locations around the world. With 2014 global sales of USD 55.91 billion (KRW 59.04 trillion), LG comprises four business units ― Home Entertainment, Mobile Communications, Home Appliance & Air Solution, and Vehicle Components ― and is one of the world's leading producers of flat panel TVs, mobile devices, air conditioners, washing machines and refrigerators. LG Electronics is a 2014 ENERGY STAR Partner of the Year. LG Electronics is a 2014 ENERGY STAR Partner of the Year. For more news and information on LG Electronics, please visit www.LGnewsroom.com.
About LG Electronics Home Appliance & Air Solution Company
The LG Electronics Home Appliance & Air Solution Company is a global leader in home appliances, air conditioning and air quality systems. The company is creating total solutions for the home with its industry leading core technologies. LG is committed to making life better for consumers around the world by providing thoughtfully designed products, including refrigerators, washing machines, dishwashers, cooking appliances, vacuum cleaners, built-in appliances, air conditioners, air purifiers and dehumidifiers. Collectively, these products deliver enhanced convenience, superb performance, great savings and compelling health benefits. For more information, please visit www.LG.com.
SOURCE LG Electronics Canada
Image with caption: "LG No. 1 Brand in Global Washing Machine Market for Seventh Consecutive Year (CNW Group/LG Electronics Canada)". Image available at: http://photos.newswire.ca/images/download/20150326_C7215_PHOTO_EN_13612.jpg
Media Contact: Anne Morello, LG-One, [email protected], 416.316.4840, www.LGnewsroom.com
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