Latest news with #SamKim
CNBC
7 days ago
- Business
- CNBC
Lotte Retail Group CEO on U.S. tariff threat and impact on its business strategy
South Korea's retail conglomerate Lotte Group CEO Sam Kim tells CNBC's Squawk Box Asia about the ways that the company is grappling with the threat of higher tariffs, plus what's driving its tie-up with Singapore's NTUC Fairprice Lotte Group CEO on tariff impact and expansion strategy
Yahoo
21-05-2025
- Business
- Yahoo
LG PARTNERS WITH CSC TO STRENGTHEN POSITION IN NORTH AMERICAN COMMERCIAL LAUNDRY MARKET
LG to Supply Advanced Commercial Washers and Dryers to CSC, North America's Largest Provider of B2B Laundry Solutions ENGLEWOOD CLIFFS, N.J., May 21, 2025 /PRNewswire/ -- LG Electronics USA will supply its advanced commercial washers and dryers to CSC ServiceWorks (CSC), the largest provider of technology-enabled laundry services for the multifamily, academic and hospitality markets in the United States and Canada. Under a new distribution agreement with CSC, LG aims to further strengthen its presence in the U.S. commercial laundry market and accelerate the growth of its B2B appliance business, according to Sam Kim, president of appliance solutions, LG Electronics USA. "Commercial laundry represents an important category for LG, and our exciting new collaboration with CSC supports our aggressive B2B growth strategy in the U.S.," Kim said. "The combination of LG's world-class laundry innovations and CSC's extensive B2B laundry services network will benefit facility operators and end-users alike." For CSC ServiceWorks, the agreement ensures a stable supply of high-efficiency LG products – all designed to provide easy maintenance and maximum operational efficiency in demanding commercial environments. "LG's commitment to quality and leadership in design and technology aligns with our philosophy to make life easier by providing seamless experiences and world-class service to millions of consumers, property managers and owners every day," said Rod Castellanos, CEO of CSC, which supplies and manages approximately 1.5 million commercial washers and dryers across the U.S. and Canada. LG commercial laundry solutions incorporate its advanced Inverter Direct Drive™ motor, delivering premium performance, durability and efficiency. The machines also feature LG's innovative 3D Gyro Sensor and Balancing Systems that precisely monitor drum movement to reduce unnecessary motion, vibration and noise – extending component lifespan and ensuring smooth, stable operation. In the United States, LG's commercial laundry lineup includes 3.7- to 5.2-cubic-foot washers and dryers ranging from 7.3- to 9.0-cubic-feet models. Ideal for high-usage environments, the units offer fast cycle times, rapid spin initiation and a front-access design that simplifies maintenance by allowing most servicing to be done without disassembly, minimizing downtime and improving technician efficiency. About LG Electronics USALG Electronics USA Inc., based in Englewood Cliffs, N.J., is the North American subsidiary of LG Electronics Inc., a smart life solutions company with annual global revenues of more than $60 billion. In the United States, LG sells a wide range of innovative home appliances, consumer electronics products, commercial displays, air conditioning systems and vehicle components. LG is an 11-time ENERGY STAR® Partner of the Year. and About CSC ServiceWorksCSC is the leading consumer services platform company throughout the United States and Canada that delivers technology-enabled laundry services in the multifamily, academic and hospitality markets, as well as tire inflation services in the convenience store and gas station space. Mellville, N.Y.-based CSC works to make life easier by providing seamless experiences and world-class service to millions of consumers, property managers and owners every day. Media Contacts: LG Electronics USA John I. Taylor +1 201 816 2166 Katy Donnelly +1 917 664 1758 CSC ServiceWorks Darcey Leachdarcey@ 303 682 5005 View original content to download multimedia: SOURCE LG Electronics USA Sign in to access your portfolio
Korea Herald
21-05-2025
- Business
- Korea Herald
LG PARTNERS WITH CSC SERVICEWORKS TO BOOST NORTH AMERICAN COMMERCIAL LAUNDRY MARKET
Company to Supply Commercial Washers and Dryers to North America's Leading Provider of B2B Laundry Solutions SEOUL, South Korea, May 21, 2025 /PRNewswire/ -- LG Electronics (LG) has signed a distribution agreement with CSC ServiceWorks (CSC), the North American market leader in laundry solutions, to supply its commercial washers and dryers. The new agreement will further strengthen LG's presence in the North American commercial laundry market and accelerate the expansion of its growing B2B appliance business. CSC, headquartered in New York, is the largest B2B laundry solutions provider in North America, supplying and managing over 1 million commercial washers and dryers across the U.S. and Canada. The agreement was formalized at a signing ceremony attended by Sam Kim, vice president of LG's Home Appliance Solution Company, and Rod Castellanos, CEO of CSC, highlighting the significance of this strategic collaboration for both companies. This partnership marks a significant step for LG as it seeks to expand its presence and grow awareness of its outstanding laundry products and tailored B2B solutions in the highly competitive North American commercial appliance market. It is also expected to accelerate the growth of LG's home appliance business, which continues to dominate the global market through its commitment to quality and leadership in design and technology innovation. For CSC, the agreement ensures a stable supply of high-efficiency LG products – all designed to provide easy maintenance and maximum operational efficiency in demanding commercial environments. LG commercial laundry solutions incorporate its advanced Inverter Direct Drive™ motor, delivering premium performance, durability and efficiency. The machines also feature LG's innovative 3D Gyro Sensor and Gyro Balancing System, which precisely monitor drum movement to reduce unnecessary motion, vibration and noise – extending component lifespan and ensuring smooth, stable operation. Ideal for high-usage environments, the units offer fast cycle times, rapid spin initiation and a front-access design that simplifies maintenance by allowing most servicing to be done without disassembly, minimizing downtime and improving technician efficiency. The partnership with CSC is the latest milestone in LG's ongoing efforts to lead the commercial laundry market. Additionally, in November 2024, the company unveiled the LG Professional lineup of large-capacity commercial washers and dryers at Texcare in Germany. Fully committed to servicing the B2B market, LG now boasts a full portfolio of commercial laundry solutions, from compact units to larger models with capacities exceeding 15 kilograms. "We are thrilled to partner with one of the leading B2B laundry solution providers in North America and look forward to delivering new customer value through this strategic collaboration," said Lyu Jae-cheol, president of the LG Home Appliance Solution Company. "Leveraging our industry-leading technologies and stellar brand reputation, we will continue to strengthen our leadership in the commercial laundry appliance market." About LG Electronics Home Appliance Solution Company The LG Home Appliance Solution Company (HS) is a global leader in home appliances and AI home solutions. By leveraging industry-leading core technologies, the HS Company is committed to enhancing consumers' quality of life and promoting sustainability. The company develops thoughtfully designed kitchen and living appliance solutions and has recently integrated LG's Robot Business Division to incorporate advanced robot technologies into its home solutions. Together, these products offer enhanced convenience, exceptional performance, efficient operation and sustainable lifestyle solutions. For more news on LG, visit
Yahoo
21-05-2025
- Business
- Yahoo
LG PARTNERS WITH CSC SERVICEWORKS TO BOOST NORTH AMERICAN COMMERCIAL LAUNDRY MARKET
Company to Supply Commercial Washers and Dryers to North America's Leading Provider of B2B Laundry Solutions SEOUL, South Korea, May 21, 2025 /PRNewswire/ -- LG Electronics (LG) has signed a distribution agreement with CSC ServiceWorks (CSC), the North American market leader in laundry solutions, to supply its commercial washers and dryers. The new agreement will further strengthen LG's presence in the North American commercial laundry market and accelerate the expansion of its growing B2B appliance business. CSC, headquartered in New York, is the largest B2B laundry solutions provider in North America, supplying and managing over 1 million commercial washers and dryers across the U.S. and Canada. The agreement was formalized at a signing ceremony attended by Sam Kim, vice president of LG's Home Appliance Solution Company, and Rod Castellanos, CEO of CSC, highlighting the significance of this strategic collaboration for both companies. This partnership marks a significant step for LG as it seeks to expand its presence and grow awareness of its outstanding laundry products and tailored B2B solutions in the highly competitive North American commercial appliance market. It is also expected to accelerate the growth of LG's home appliance business, which continues to dominate the global market through its commitment to quality and leadership in design and technology innovation. For CSC, the agreement ensures a stable supply of high-efficiency LG products – all designed to provide easy maintenance and maximum operational efficiency in demanding commercial environments. LG commercial laundry solutions incorporate its advanced Inverter Direct Drive™ motor, delivering premium performance, durability and efficiency. The machines also feature LG's innovative 3D Gyro Sensor and Gyro Balancing System, which precisely monitor drum movement to reduce unnecessary motion, vibration and noise – extending component lifespan and ensuring smooth, stable operation. Ideal for high-usage environments, the units offer fast cycle times, rapid spin initiation and a front-access design that simplifies maintenance by allowing most servicing to be done without disassembly, minimizing downtime and improving technician efficiency. The partnership with CSC is the latest milestone in LG's ongoing efforts to lead the commercial laundry market. Additionally, in November 2024, the company unveiled the LG Professional lineup of large-capacity commercial washers and dryers at Texcare in Germany. Fully committed to servicing the B2B market, LG now boasts a full portfolio of commercial laundry solutions, from compact units to larger models with capacities exceeding 15 kilograms. "We are thrilled to partner with one of the leading B2B laundry solution providers in North America and look forward to delivering new customer value through this strategic collaboration," said Lyu Jae-cheol, president of the LG Home Appliance Solution Company. "Leveraging our industry-leading technologies and stellar brand reputation, we will continue to strengthen our leadership in the commercial laundry appliance market." About LG Electronics Home Appliance Solution Company The LG Home Appliance Solution Company (HS) is a global leader in home appliances and AI home solutions. By leveraging industry-leading core technologies, the HS Company is committed to enhancing consumers' quality of life and promoting sustainability. The company develops thoughtfully designed kitchen and living appliance solutions and has recently integrated LG's Robot Business Division to incorporate advanced robot technologies into its home solutions. Together, these products offer enhanced convenience, exceptional performance, efficient operation and sustainable lifestyle solutions. For more news on LG, visit View original content to download multimedia: SOURCE LG Electronics, Inc. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
