We’ve seen this before, first hand in a small way, where a supposed long warranty that sounds great when you buy a product turns out to be not so great.
Author: admin
Beko Polish Production Starts
Beko Europe has started production at it’s plant in Wrocław, Poland that we beleive was previously a Whirlpool facility before the merger of Beko and Whirlpool in Europe.
Bosch To Close Plant
In December of last year, Bosch announced the closure of its plant in Esquíroz, Navarra in Spain which makes refrigeration and compact dishwashers. The facility is due to close this year and costs are to blame with production set to move to Poland or Turkey.
Fridge Temperature Issues
We caught an interesting article from Food Safety Network about research by Food Standards Scotland (FSS) that shows high fridge temperatures are putting people at increased risk of food-safety issues, some serious.
Hoover Factory To Be Demolished
For those who remember it, the iconic Hoover factory in Merthyr Tydfil is set to be demolished, having been there since 1948.
Whirlpool Stock Woes
Last month, Fitch, the ratings agency, cut Whirlpool’s rating to effectively junk due to high debts and a slow recovery in demand for appliances and further said that the outlook for the company was negative, as well as further downgrades may come if performance doesn’t improve.
Warranty Provider Shut Down
UK appliance warranty company trading as UK Service Plan Ltd has been forcibly shut down by the Insolvency Service and noted as not having been regulated by the FCA.
Xiaomi Are Coming
Many people in the UK will not be aware of who or what Xiaomi (shau-mee) is and yet, it’s one of the largest companies in the world producing a vast range or products in multiple sectors, from toothbrushes to phones, to cars. They’re starting to make major appliances now as well.
Vestel Downgraded
Turkish company Vestel has been downgraded by Fitch from a B+ to B- with a negative outlook, following a not-so-great 2024 for the company but the reasoning for this is interesting and, for us in the UK where Vestel make tons of stuff, surprising.
Washing Machines Highest Fire Risk
This is quite a dramatic headline we picked up, that washing machines are the source of more appliance fires, at least for London Fire Brigade.