Category: Electrolux

Electrolux is still interested in buying Daewoo according to reports today, should the takeover of the bankrupt South Korean appliance maker by an Iranian rival fall through, Chief Executive Officer Keith McLoughlin said. Creditors of Daewoo last year agreed to an offer from Entekhab Industrial G…

Electrolux said on Monday that it is too early to say if the political turmoil in Egypt will impact its planned acquisition of Cairo-based household appliances maker Olympic Group.  “We are of course following the development in Egypt closely,” said Electrolux spokesman Erik Zsiga.

Annual global design challenge seeks submissions that consider “intelligent mobility”™ of future home appliances.

Electrolux has said it will close a cooking product factory in Quebec, Canada, and cut 800 European jobs as one of the final acts of its eight-year effort to shift manufacturing to countries with lower production costs. Electrolux will close the factory in l’Assomption, Quebec, in 2013, affecting…

As part of its strategy to grow in emerging markets, Electrolux today signed a preliminary agreement with Paradise Capital to acquire 52% of Olympic Group for Financial Investments S.A.E. Olympic Group is the largest manufacturer of household appliances in the fast-growing Middle East and North A…

Electrolux, manufacturer of Electrolux and Frigidaire Frontload Washers, has been sued by California, Florida, Maryland, Michigan, Oregon, Pennsylvania and Texas citizens in a lawsuit filed in the United States District Court for the Central District of California. The lawsuit states that Electro…

Electrolux has signed an agreement to expand its operations in the growing emerging markets in Eastern Europe through an acquisition of a factory in Ivano-Frankivsk, Ukraine. The acquisition strengthens the Electrolux presence in Eastern Europe and will function as a part of the Electrolux supply…

According to reports an Iran-based household and kitchen appliance manufacturer is one of only two suitors picked to bid for the troubled Daewoo Electronics. Entekhab Industrial Group, which makes fridges and cookers and other white goods, is bidding against the Swedish giant Electrolux for the c…

Electrolux has said that it has made a bid to buy Daewoo Electronics of South Korea. Electrolux spokesman Anders Edholm said Wednesday that “we can confirm we’ve made an indicative offer” but declined to comment on the amount of the bid.

Heat pump dryers appear to promise dramatic energy savings, they dry garments so much more gently than traditional dryers so the results are superb it is claimed. Many owners would disagree and we’ve heard that some aren’t happy at all with the results. This is because the heat pump technology al…