LG Electronics Inc. is a South Korean multinational electronics company, and is part of the LG Group. LG Electronics sells a range of innovative home appliances, and mobile phones.

LG is investing $28 million to establish a new factory in Huntsville, Ala. with two production lines.

The company said the new factory will create about 160 new full-time jobs, increasing it’s Huntsville employment by 60 percent to more than 400 workers.

LG is one of the top providers of solar panels for the residential market in the United States, and the new solar plant will help LG better serve its U.S. customers, explained Soon Kwon, global president of the LG B2B (Business-to-Business) Company.

The new factory will initially assemble LG’s “NeON 2” series 60-cell modules, which are high-performance solar panels that generate over 17 percent more power than most conventional 60-cell panels (340 Watts-per-panel rating versus 290W).

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