Electrolux digs in for the long haul

AB Electrolux of Sweden will today open its front-loading washing-machine factory in Rayong, its first plant in Southeast Asia, one of the firm’s fastest-growing markets. Along with its washing-machine and refrigerator factories in China, Electrolux hopes the Rayong plant will strengthen the firm…

Electrolux to outsource components from India

The outsourcing story is getting stronger. Electrolux AB says it will outsource components worth Rs 1,000 crore (Rs 10 billion) from India over three years. This includes piston rings, metal fabrications and cold rolled steel. The components will be used by the company’s outdoor division, which m…

Electrolux ”hold”

LONDON, October 21 (New Ratings) – Analysts at Dresdner Kleinwort Wasserstein reiterate their “hold” rating on Electrolux (ELX). The target price is set to SEK177.