Full Commercial Laundry Lineup and Connected Management Solutions Advance LG’s European B2B Expansion

News Summary

LG Electronics is showcasing a commercial laundry lineup spanning semi-commercial and professional models at EXPODETERGO INTERNATIONAL 2026 in Italy, highlighting its expanding presence in Europe’s B2B textile care market.Highlights include mass-produced models from LG’s Professional Laundry lineup showcased for the first time, LG’s Wet Cleaning solution making its European debut, and connected management platforms including the LG LaundryCrew app and Open API.By combining commercial laundry equipment with connected management solutions, LG aims to strengthen dealer partnerships and pursue further business growth across Europe.

SEOUL, South Korea, Oct. 26, 2026 /PRNewswire/ — LG Electronics (LG) is showcasing its full commercial laundry portfolio and connected management solutions at EXPODETERGO INTERNATIONAL 2026, held Oct. 23–26 in Milan, Italy. One of the industry’s leading trade fairs for professional textile care, the event provides an opportunity for LG to present its expanding commercial laundry business to European B2B partners.

At this year’s exhibition, LG is presenting a portfolio spanning semi-commercial and professional models, alongside connected management solutions. The expanded lineup marks a step in LG’s efforts to build on its semi-commercial business and broaden its presence in the professional laundry market. It also provides an opportunity to strengthen relationships with existing partners and engage prospective dealers across Europe.

First Showcase of Mass-Produced Models and European Debut of Wet Cleaning Solution

LG is presenting two key developments at this year’s exhibition: mass-produced models from its Professional Laundry lineup and its Wet Cleaning solution for the European market.

The Professional Laundry lineup incorporates LG’s core technologies, including AI Weight Detection, which detects the load size and adjusts water use accordingly, and the Dynamic Ball-Core System. The latter uses a built-in gyro sensor to detect real-time drum imbalances and a ball balancer to stabilize the load and help minimize vibrations.[1]

LG’s Wet Cleaning solution offers an alternative to conventional dry-cleaning methods, using water and specially formulated detergents designed to help care for delicate garments while managing the risk of shrinkage, color transfer and changes in texture. Featuring MotionCare technology, the solution combines gentle washing with low-temperature drying, while precise drum movements help mitigate the risk of fabric damage.

Full Commercial Laundry Portfolio and Connected Management Solutions

With its semi-commercial and Professional Laundry lineups available in Europe, LG is showcasing a broader commercial laundry portfolio designed to address a range of business needs.

LG is also presenting connected management solutions to help business customers monitor equipment and manage operations. The LG LaundryCrew app enables owners and users to remotely monitor and manage connected laundry equipment. LG’s Open API enables integration with existing business systems through a separate system development process, allowing B2B customers to build tailored management platforms using supported equipment data.[2]

By combining robust commercial laundry equipment with remote monitoring, management and performance-tracking capabilities, LG aims to offer business customers greater operational flexibility and to support more efficient day-to-day management.

Expanding LG’s Commercial Laundry Business Across Europe

LG is expanding its commercial laundry business in Europe, building on existing distributor relationships in the United Kingdom, France, Italy and Hungary.

In August 2026, LG secured a B2B order from SCHILLING Wäschereitechnik GmbH (Schilling), a Germany-based distributor specializing in professional laundry and ironing equipment. The partnership marks a further step in LG’s expansion in the European commercial laundry market, with deliveries of its semi-commercial and Professional Laundry products to Schilling already underway.

LG plans to build on this progress by strengthening existing distributor relationships and developing new dealer partnerships across Europe. Through its participation in EXPODETERGO INTERNATIONAL, the company aims to connect with prospective partners and explore additional business opportunities in the region.

Outside of Europe, LG is also expanding its commercial laundry business in North America and Asia. The company has increased supply to major North American operators, including CSC ServiceWorks and WASH, while strengthening distribution partnerships in Asian markets such as Thailand, the Philippines and Vietnam.

“EXPODETERGO INTERNATIONAL provides an important opportunity to showcase LG’s full commercial laundry portfolio and connected management solutions to European business partners,” said Baek Seung-tae, president of the LG Home Appliance Solution Company. “Building on our expanding presence in Europe, we will continue to strengthen partnerships, support our customers’ operational efficiency and accelerate the growth of our commercial laundry business.”

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 to reducing the environmental impact of its products and operations. 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, high performance and energy-efficient operation. For more news on LG, visit www.LG.com/global/newsroom/.

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The new HKD portfolio is designed for money set aside for 12 months or more, with no lock-in and no minimum investment

HONG KONG, Oct. 26, 2026 /PRNewswire/ — Syfe, the Singapore-headquartered digital wealth platform managing over US$15 billion in assets across Asia-Pacific, today announced the launch of Yield+ (閒錢寶) in Hong Kong. Yield+ is an HKD portfolio with a projected net yield of 4.71% p.a*., with no lock-in and no minimum investment.

Money left idle earns little or nothing, while inflation steadily erodes what it can buy. Yield+ is designed for money investors won’t need for a year or more, targeting a projected net yield above Hong Kong’s headline inflation rate of 1.7% year on year.[1]

It sits alongside two existing products in Syfe’s Cash & Yield Management suite in Hong Kong: Cash+ Flexi, for money that may be needed at any time, and Cash+ Fixed, for money not needed until a set date.

How Yield+ works

Yield+ invests in three actively managed short-duration bond funds, each in an HKD share class: Taikang Kaitai Overseas Short Tenor Bond Fund (40%), Amundi Funds – US Short Term Bond (30%) and Aberdeen SICAV I – Short Dated Enhanced Income Fund (30%). The portfolio has an average duration of about one year.

Spreading the allocation across three managers reduces reliance on any single manager’s credit selection. Returns come from two sources. The first is the interest the bonds pay, which builds up daily whether prices rise or fall. The second is changes in bond prices, which move in the opposite direction to interest rates.

A higher projected yield for a longer holding period

Yield+ targets a higher yield than Cash+ Flexi. In return, its value moves with interest rates and credit spreads, and it can fall. With a duration of about one year, a rise in interest rates would have a relatively limited effect on the portfolio’s value, and the interest it earns may help offset losses over time. If rates fall, rising bond prices could add to returns. That is why Yield+ is designed for a holding period of 12 months or more.

[1]As of 31 August 2026 (Composite Consumer Price Index, Census and Statistics Department).

Ritesh Ganeriwal, MD and Group Head of Investment & Advisory at Syfe, said:

“Every dollar in a portfolio has a job. ‘Now’ money covers day-to-day needs. ‘Later’ money funds retirement and other long-term goals. In between sits ‘soon’ money: a renovation, a wedding or a down payment a year or two away. Left idle, that money quietly shrinks due to inflation. Reaching for longer-dated bonds can earn more, but brings price swings that short-term investors may not be ready for. Yield+ bridges that gap by keeping duration to about one year, for money that can be left invested for 12 months or more.”

Yield+ is available to Syfe clients in Hong Kong: https://www.syfe.com/en-hk/cash-management

END

*Yield disclaimer

Projected net yields for Yield+ are calculated as the weighted average yield to maturity of the underlying short-duration bond funds, as provided by the fund managers, less fund-level fees and Syfe’s management fee, plus any applicable rebates, as of 18 September 2026. Projected yields are not guaranteed, and the value of investments can go down as well as up.

Important information

Investment involves risks. The value of investments and any income from them can go down as well as up, and investors may not get back the amount invested. Past performance and projected yields are not indicative of future results. All underlying funds are authorised by the Securities and Futures Commission of Hong Kong (SFC). SFC authorisation is not a recommendation or endorsement of a fund, nor does it guarantee the commercial merits of a fund or its performance. It does not mean the fund is suitable for all investors, nor is it an endorsement of its suitability for any particular investor or class of investors. Investors should read the offering documents of the underlying funds, including the risk factors, before investing. This press release has not been reviewed by the SFC.

ABOUT SYFE  
Syfe is Asia Pacific’s leading saving and investment platform, empowering people to build their wealth for a better future. Managing over US$15 billion in assets, Syfe was recognised in CNBC World’s Top Fintech Companies 2026, as well as The Straits Times and Financial Times’ lists of High-Growth Companies. Built on the pillars of access, advice and affordability, the platform caters to the different wealth needs of individuals with diversified proprietary portfolios, cash management solutions and brokerage. Today, over 400,000 people across APAC trust Syfe to achieve their financial goals.

Licensed and operational in Singapore, Hong Kong and Australia (through the 100% acquisition of ASX-listed Selfwealth), Syfe has customers from 60+ countries. The company has raised over US$130 million to date and is backed by leading global investors, including Valar Ventures, Unbound and partners from DST. Syfe builds proprietary products for individual investors as well as partners with industry leaders such as J.P. Morgan Asset Management, BlackRock and PIMCO.

For more information, visit www.syfe.com/hk.

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SOURCE Syfe

Suturing workshop

LUBBOCK, Texas, Oct. 25, 2026 /PRNewswire/ — Dr. Thanapoom “Mo” Boonipat, plastic surgeon and founder of FacePlus Plastic Surgery Institute in Lubbock, led a hands-on suturing workshop and career Q&A session for premed students at Texas Tech University. The event was organized by Women in STEM at Texas Tech University.

During the workshop, students practiced suturing fundamentals on suture pads using surgical instruments, with Dr. Boonipat demonstrating technique and coaching students individually. The session also included an open discussion about the path to a career in medicine, including medical school, residency training, and choosing a surgical specialty.

“Every surgeon remembers the first time they held a needle driver. Giving premed students that experience early — along with honest answers about the road ahead — can make the path into medicine feel real and reachable. I was glad to spend the afternoon with such motivated students.” — Dr. Thanapoom Boonipat

“Organizations like Women in STEM do important work connecting young women with mentors and hands-on experience in fields where they are still underrepresented, including surgery. FacePlus is proud to support that effort here in our own community in Lubbock.” — Dr. Thanapoom Boonipat

Women in STEM is a Texas Tech University student organization that supports women pursuing undergraduate and graduate studies in science, technology, engineering and mathematics. Events like this connect students with practicing professionals and give them early, practical exposure to clinical skills.

Dr. Boonipat is a plastic and craniofacial surgeon. His training includes an integrated plastic surgery residency at Mayo Clinic and a craniofacial, maxillofacial, and facial aesthetics fellowship at Chang Gung Memorial Hospital in Taiwan, following medical school at Dartmouth and undergraduate study in biomedical engineering at Johns Hopkins. He founded FacePlus Plastic Surgery Institute in Lubbock in 2024.

About FacePlus Plastic Surgery Institute:
FacePlus Plastic Surgery Institute is a plastic surgery practice in Lubbock, Texas, founded by Thanapoom Boonipat, MD. The practice provides cosmetic and reconstructive plastic surgery, including facial, breast, and body procedures, serving patients in Lubbock and across West Texas. For more information, visit facepluspsi.com.

Media Contact:
FacePlus Plastic Surgery Institute
moboonipatmd@facepluspsi.com
(806) 503-2090
Lubbock, Texas

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SOURCE FacePlus Plastic Surgery Institute