LG Air Conditioning saw worldwide sales increase by 50.5% in the last
quarter of 2010, compared to the same period in 2009. Full year sales
reached $4.2bn, 12.2% higher than 2009.
Significant growth was experienced in Middle East, Africa, Central and
South America and stronger overseas commercial ac sales.
The Korean manufacturer also confirmed that it would not be making a bid
for US air conditioner manufacturer Goodman Global despite being
approached by San-Francisco-based private equity firm Hellman &
Friedman. Japanese manufacturer Daikin is still considering making a