LG Hausys expands faux stone production overseas
The company’s engineered stone consists of 90 percent stone and 10 percent chemical adhesives. It imitates marble in appearance but has better endurance and is easier to process. It is frequently used in home kitchens and reception desks at hotels and hospitals.
LG Hausys is the fourth largest producer of engineered stone in the U.S. market, following Spain’s Cosentino, Italy’s Caesarstone and the United States’ Cambria.
“The United States accounts for more than 70 percent of the global engineered stone market, which is worth 3 trillion won [$2.4 billion],” said Kang Shin-woo, LG Hausys vice executive president who heads the surface material business. “With the latest expansion, our goal is to achieve 10 percent market share in the region in the next five years.”
LG’s Georgia plant has produced engineered stone since 2011, and the recently completed production line is the site’s third factory. It will extend the plant’s entire production capacity by 50 percent, to a total of 1.05 million square meters (11.3 million square feet) of engineered stone slabs per year. The facility has already started mass production, the company said.
LG showcased the new lineup of engineered stone manufactured in the new factory in February at its store in Orange County, California. The new facility is equipped with state-of-the-art equipment and robotics to result in engineered stone that more closely resembles actual marble, the company said.
BY SONG KYOUNG-SON [email@example.com]