Category: Appliance Money

STOCKHOLM, Sweden — Electrolux AB, the world’s largest maker of household appliances, posted a 38 percent decline in third-quarter profit largely because of a drop in demand and fluctuating exchange rates.

American consumers seem to see “Made in China” wherever they go. The United States imported $141.8 billion worth of goods from China in the year to August, almost twice as much as five years earlier. From toys to T-shirts and industrial components most Americans never see, Chinese imports seem to…

MATSUSHITA Electric Industrial Co Ltd, which is unifying its Panasonic and National brands globally as a growth strategy, is confident that it will be effective in gaining a larger market share worldwide.

WHIRLPOOL Europe plans to invest a further €40 million into the production of washing machines in the eastern Slovak city of Poprad over the next three years, news wire TASR reported.

STOCKHOLM: Electrolux Kelvinator Ltd (EKL), the Indian arm of the Swedish white goods major, AB Electrolux is likely to turn around by 2005 as a fallout of a restructuring exercise initiated by the company with a total revamp of the management team last year.

TOKYO (Dow Jones)–Japan’s Toshiba Corp. (J.TOS or 6502) said Monday it will invest 1 billion baht ($1=THB40.10) to expand its Thai production facilities for washing machines and refrigerators.

Robin Saunders cannot escape the whiff of flop emanating from Boxclever. It ran into deep trouble in the summer, when a £748m refinancing of the television rentals business turned sour and contributed €650m to a €1.9bn bad debt provision at the German state-owned bank.

Wellington: Shares in Pacific Retail Group (PRG) have hit a seven-month high as investors eye its dividend potential and recent foray into the English appliance market.

Following a sharp growth in its refrigerator and washing machine sales, coupled with its growing services business, the appliance division of Godrej & Boyce Mfg Co Ltd is expected to break even during the current financial year, top company officials told Business Standard.

HUSKVARNA, Sweden, Sept 24 (Reuters) – Sweden’s Electrolux the world’s biggest home appliances maker, said on Wednesday it was gaining market share in its key North American market despite pressure on prices.