# Raya Electric signs agreement with LG to produce 100,000 AC units annually

Raya Electric, a subsidiary of Raya Holding, signed an agreement with LG to manufacture LG-branded home air conditioners at its factory in 6th of October City, with plans to produce over 100,000 units annually within three years.

- Type: Contract
- Announced: 2024-07-30
- Where: 6th of October City, Egypt
- Status: announced
- Capacity: 300,000 units per year
- Products: home air conditioners
- Sectors: [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md)

## Companies

- [Raya Electric](https://endata.com/companies/78875.md)
- [LG Electronics](https://endata.com/companies/11457.md) (partner)

## Sources

- [alborsaanews.com](https://alborsaanews.com/2024/07/30/1813383), 2024-07-30: "وقعت راية إلكتريك-إحدى الشركات التابعة لشركة راية القابضة للاستثمارات المالية-، اتفاقية مع شركة إل جي الكورية العاملة فى الأجهزة المنزلية، وبموجبها بدأت راية إلكتريك في تصنيع مكيفات الهواء المنزلية التي تحمل علامة إل جي."

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