Just after Whirlpool announce a rise in profits although to be fair they were mainly saved by the acquisition of Maytag, Electrolux, which is Europe’s largest appliance maker has gained in Stockholm trading after fourth-quarter profit declined less than analysts had estimated. The Swedish maker o…
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Whirlpool Profits Up
Whirlpool which is now the world’s largest appliance manufacturer, reported higher-than expected fourth-quarter profit on Tuesday as international sales and savings from the Maytag acquisition offset a drop in U.S. demand, and its shares rose as much as 14 percent. The manufacturer of KitchenAid,…
Indesit Results Up On Restructuring & A Focus On UK
Indesit Company posted higher full year results yesterday, supported by restructuring, analysts said, adding their focus is on UK market outlook and any China acquisition. They said said western Europe sales volumes are seen down 1 pct, in the UK down 3 pct, eastern Europe up 3 pct and CIS up 6 p…
Electrolux Design Lab 2008
Electrolux Design Lab 2008 invites industrial design students around the world to create tomorrow’s home appliances for the Internet generation, deadline May 4. Electrolux, a global leader in home appliances and appliances for professional use, launches the 6th edition of its annual design compet…
Whirlpool To Close Two US Refrigerator Factories
Whirlpool has announced it would close its LaVergne, Tennessee and Reynosa, Mexico refrigerator plants, following a review of the company’s production facilities. The closures follow a study that looked at how to reduce costs in the refrigeration business. The company say that all Whirlpool plant…
Asda Forced To Recall 300,000 Microwaves
Supermarket chain Asda has been forced to recall some 300,000 microwaves after complaints of overheating.
Vestel Elektronik Rating Cut To ‘B2’ By Moody’s
Forbes has reported that Moody’s Investors Service downgraded the ratings of Vestel Elektronik Sanayi ve Ticaret AS to ‘B2’ from ‘B1’, citing its concerns regarding the challenges the Turkey-based company faced in improving its operational performance and restoring profitability.
LG Sued Over Mouldy Washing Machines
We have heard today about a class action filed against LG. It relates mold and mildew in some front loading LG washing machines sold in the United States.
Fagor Tries To Go Green
Fagor America, makers of major appliances and cookware, has redesigned www.fagoramerica.com with a new “green” focus that reflects the company’s revamped corporate image with a green tinge to it. In the revamp Fagor tells us that it has developed environmental conscious policy for its products.
Liebherr Plans Luxury Fridge For The US Market
Liebherr, the German manufacturer of premium built-in, freestanding, and fully integrated refrigeration and wine storage units, announced that it will introduce its first 36-inch refrigerator, specifically designed for the U.S. market, at the Kitchen/Bath Industry Show in April. The 2062 series, …