Kitchen maker Galiform have reported that they will not pay an interim dividend after a 19pc fall in profits during a difficult six months for the building industry. Profits fell to £20.1m on revenue down from £429m to £354.6m due to “adverse currency movements” and the costs su…
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Haier Gets Into Commercial Refrigeration!
It has been reported in India that Haier on Thursday announced its foray into the commercial refrigeration segment with the launch of deep freezers in the Indian market. “The new range of deep freezers marks a step forward our endeavour to bring in innovative products to the Indian market,” said…
Electrolux To Increase Manufacturing In Hungary
Electrolux is planning to boost production at its fridge and freezer plant in Nyregyh??za, eastern Hungary, by 10% to over 900,000 items per year. As opposed to the 1,050 staff Electrolux agreed to employ in an agreement with the government in 2005, the current headcount is 1,700, local news…
Glen Dimplex To Expand Customer Care Operation
Glen Dimplex Home Appliances (GDHA) is planning to expand its customer care operation and increase its exports as it bids to cope with the tough economic climate. The company, one of the region’s biggest private sector employers, is working to win regulatory approval to sell its products in new o…
DSG Slammed As Finance Director Switches To Comet
DSG International suffered a fresh blow a few days ago when finance director Kevin O’Byrne jumped ship to rival retailer Kingfisher. With the share price in freefall and talk growing that DSG may be forced to merge with Comet owner Kesa, the loss of one its most senior executives will be seen as …
Electrolux Profits Fall 82%
Electrolux AB reported an 82% drop in 2Q net profit and cut its full-year forecast, citing “very weak” markets in North America and Europe. Net profit for the period fell to 99 million kronor (approx. US$16.5 million) from 545 million kronor ($91 million) in the same period a year ago, mainly due…
Win An ISE10 Washing Machine, For Free
Simply Washing have kicked off a competition in which you can win an ISE10 washing machine worth £800, free. Simply, who make one of the best performing and most eco-friendly detergent are running the competition until the 30th September 2008 and the winner will have an ISE10 1606W washing …
Whirlpool To Cut 985 Jobs
Whirlpool will consolidate production at two U.S. and Mexican factories. The world’s largest appliance maker said it is shutting plants in Oxford, Mississippi, and Puebla, Mexico. Production of built-in ovens and cooktops at the Mississippi facility will be transferred to a factory in Cleveland, …
RBS Insurance Awards Contract To Homeserve
Homeserve, the home emergency service provider, has been awarded a three-year contract by RBS Insurance to manage the insurer’s contents validation hub for all claims made on high street commodities including electrical and electronic equipment. The Homeserve service is expected to save insurers …
Whirlpool Appoints David Szczupak Executive VP
Whirlpool announced yesterday that David Szczupak will lead the company’s newly named Global Product Organization effective immediately. Mr. Szczupak succeeds Mike Thieneman, who recently retired from the company. In his role as executive vice president, Global Product Organization, Szczupak will…