Maytag Corporation reported today that its third quarter earnings fell almost 80 percent from a year earlier as restructuring costs, higher steel prices and lower sales on Hoover floor care products have also taken a toll on the company.
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Commodity costs spark Whirlpool revision
Benton Harbor, Mich.-based Whirlpool said it plans to raise prices for its goods by 5 percent to 10 percent in most key markets around the world, including the U.S., and to take measures to boost productivity. “We believe our actions in total will enable us to overcome these significant cost incr…
Whirlpool Declares Quarterly Dividend
The Board of Directors of Whirlpool Corporation (NYSE: WHR), at a meeting held today, declared a quarterly dividend of 43 cents per share on the common stock of the Company. The dividend is payable December 15, 2004, to holders of common stock of record at the close of business on November 18, 2004.
Matsushita to invest US$230mil in China plants
Matsushita Electric Industrial Co. said yesterday it would invest about US$230mil on a major home appliance manufacturing complex in China, aiming to boost efficiency and tap the fastgrowing Chinese market.
Steel costs hit Electrolux profit
Electrolux, the world’s largest maker of consumer electronics, has said third-quarter profits have been hit by higher raw material costs. The price of steel, for example, has more than doubled since 2003.
Italian white-goods maker Merloni opens new EUR 40 mln refrigerator plant in Lod
Warsaw. (Interfax-Europe) – Italian white-goods maker Merloni Elettrodomestici’s Polish unit will open a new plant in the city of Lodz on October 18, the company said in a statement. The factory, Merloni’s second in Lodz, will employee 900 and cost EUR 40 mln to open. The factory will produce ref…
DASA Annual General Meeting 2004
As most of us know the DASA AGM took place over the weekend in York. The event was reasonably well attended by members, work providers and a couple of manufacturers.
New Vacuum Cleaner Hits The Streets Soon
Seemingly not content with with simply seeing all the dirt from their carpets spinning around and around, UK consumers are soon to get introduced to a vac that has been crossbred with a hovercraft!
Domestic Appliance Extended Warranties
Extended Warranty They are not for everyone but here’s our very quick take on warranties or service plans Extended warranties usually are associated by some salesman trying to foist the store’s own warranty on the poor customer and refusing to accept “no” as an acceptable answer. Sadl…
Electrolux to boost Far Eastern procurement
Electrolux Group, the world’s largest electrical appliance producer, plans to source components worth US$400 million, or about 20 percent of its procurement in Asia, from local manufacturers this year, a company official said yesterday. The amount would mark an eight-fold increase from last year….