Electrolux Presents Design Lab 2005 Award

Electrolux presented its third Design Lab Award to Airwash, a waterless washing unit. Students from leading schools of design in more than 88 countries participated in the competition. Entries were received by more than 3,000 students in all continents, all competing to create the most outstandin…

Electrolux Rethinks AEG Plant Closure

Electrolux plans to re-examine the decision to close the AEG plant in Nuremberg, Germany, according to comments from Electrolux European production manager Horst Winkler to Die Welt newspaper.

Electrolux supervisory board to recommend closing AEG plant

Electrolux AB’s supervisory board will likely make a recommendation today that the main plant of German unit AEG Hausgeraete GmbH should be closed, Handelsblatt newspaper reported, citing company sources. Electrolux has been examining the idea of closing the Nuremberg factory since June because o…

Videocon board approves merger of Electrolux

Electronics goods major Videocon Industries said Tuesday its board of directors has approved the proposal to merge Electrolux Kelvinator Ltd with the company. The merger is subject to necessary approvals of the creditors of both the companies and other necessary approvals from different authoriti…

Electrolux Quarterly Profit Drops 3.5%

Electrolux AB, the world’s largest maker of household appliances, said second-quarter profit dropped 3.5 percent as weaker demand and competition from low-cost competitors prevented the company from raising prices.