# Arçelik and LG to invest $57M in joint venture factory in Kocaeli, Turkey

Arçelik and LG will invest an additional $57 million in their joint venture factory in Kocaeli, Turkey, extending their agreement to 2023.

- Type: Investment
- Announced: 2017-05-05
- Where: Kocaeli, Türkiye
- Value: $57.0M
- Status: announced
- Products: air conditioning products
- Sectors: [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md)

## Companies

- [LG](https://endata.com/companies/20291.md) (partner)
- [Arçelik Group](https://endata.com/companies/20689.md) (partner)

## Sources

- [coolingpost.com](https://www.coolingpost.com/world-news/57m-investment-in-arcelik-lg-factory/), 2017-05-05: "Turkish white-goods maker Arçelik and Korean air conditioning manufacturer LG are to invest a further $57m in their joint venture factory in Kocaeli, near Istanbul."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.