LG Named Winner Of Scm World Supply Chain Achievement Award 2010

SEOUL, – LG Electronics was named the winner of the Supply Chain Honorary Achievement Award by SCM World 2010 at the program’s annual event which was held this week.

The 6th SCM Logistics Excellence Awards ceremony took place at the SCM Logistics World 2010 Conference in Singapore. Assessed by a panel of four expert judges, the awards are the most prestigious in the supply chain and logistics industry. LG’s Chief Supply Chain Officer Didier Chenneveau was on hand to accept the award on behalf of LG.

“The Supply Chain Honorary Achievement Award is a significant recognition of success in this industry,” said Kevin O’Marah, Group Vice President at AMR Research who presented the award and is the member of the judging panel. “LG has also improved its ranking dramatically in our annual Supply Chain Top 25 from 44th in 2009 to number 27 in 2010.”

LG has made significant investments in its supply chain in the last several years under the strategy that smart logistics will form an increasingly important part of its operations and finances. With a global template in mind, LG successfully implemented new processes, technology and applications that created significant and sustainable cost savings while also boosting revenue and customer satisfaction.

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About LG Electronics, Inc.
LG Electronics, Inc. is a global leader and technology innovator in consumer electronics, mobile communications and home appliances, employing more than 80,000 people working in over 115 operations around the world. 2009 global sales of 55.5 trillion Korean Won (43.4 billion US Dollars), LG comprises of five business units – Home Entertainment, Mobile Communications, Home Appliance, Air Conditioning and Business Solutions. LG is one of the world’s leading producers of flat panel TVs, audio and video products, mobile handsets, air conditioners and washing machines. LG has signed a long-term agreement to become both a Global Partner of Formula 1™ and a Technology Partner of Formula 1™. As part of this top-level association, LG acquires exclusive designations and marketing rights as the official consumer electronics, mobile phone and data processor of this global sporting event. For more information, please visit www.lge.com.