July 6, 2009—LG Chem, Ltd, has been spun off from the parent company to create LG Hausys America Inc., with the newly incorporated company representing its resilient floor covering business and other areas.
LG Hausys Floors, the resilient floor covering division, will join with the company’s window frame, decorative film, and countertop divisions, all under the new LG Hausys brand. The internal reorganization will not affect LG’s day-to-day market strategies for its resilient floor covering products, says the company.
As part of the internal realignment, LG Hausys Floors will relocate its U.S. headquarters from Englewood Cliffs, New Jersey, to Atlanta on Aug. 3. LG Hausys Floors will share the new Atlanta location with all material divisions that serve North America. The company said the move will allow it to cut costs and provide synergy among the materials groups.
For more information, see the Web site.
