Governor Abigail Spanberger announced Wednesday that LG Electronics will establish a new HVAC systems assembly facility in Isle of Wight County, creating 164 new jobs through more than $63.9 million in new capital investment.
The company will manufacture large-scale air-cooled chillers for industrial clients at the new 352,000-square-foot 460 Commerce Center located in Shirley T. Holland Intermodal Park. The investment is part of a significant expansion of LG Electronics' global HVAC business and will enhance the company's ability to serve customers throughout North America.
"I am proud to see a global leader like LG choose Isle of Wight as the site for this more than $60 million investment in Virginia," said Governor Abigail Spanberger. "Their decision to establish a state-of-the-art facility in Hampton Roads is a reflection of their confidence in the Commonwealth and our longstanding position as a top state for business. Not only will this investment create more than 150 new jobs in the community, but these energy-efficient innovations will be key to meeting Virginia's growing energy demands and building a more sustainable future."
LG's air-cooled centrifugal chillers incorporate refrigerant-free cooling technology, using cool outdoor air to lower the compressor cooling load and help conserve energy. The new Virginia facility aims to support a stable, responsive supply system for rising chiller needs across North America while serving as a strategic base for LG's regional expansion. Production is scheduled to begin in the first half of 2027.
"This factory represents an important step in LG Electronics' strategy to expand production capacity for advanced cooling technologies and better serve the rapidly expanding customer base in North America," said Don Kwack, President & CEO, LG Electronics North America. "Virginia offers the workforce, location, and infrastructure needed to support our long-term growth."
"With our first chiller plant in the United States, LG is addressing the growing need for advanced cooling solutions for digital infrastructure across the country," said Chris Ahn, President of LG Electronics USA's Air Conditioning Technology division.
Secretary of Commerce and Trade Carrie Chenery said Virginia's talent pipeline, workforce training programs, and access to The Port of Virginia and key road and rail networks positioned LG to respond rapidly to HVAC demand.
U.S. Senators Mark Warner and Tim Kaine, Hampton Roads Alliance President and CEO Doug Smith, Isle of Wight County Board of Supervisors Chairman Rudolph Jefferson, Virginia Port Authority CEO Sarah McCoy, Senator Emily Jordan, and Delegate Nadarius Clark also welcomed the investment.
LG Electronics is a global innovator in technology and consumer electronics with annual revenues of more than $60 billion and a workforce of more than 75,000 worldwide.