Bosch Continue To Expand Chinese Base

“Our company has done well in China over the years and will continue to build a bigger presence in the Chinese market,” said Roland Gerke, CEO and president of BSH China. As one of the founders of BSH China, he has witnessed the company’s rapid development since it first entered the Chinese marke…

Gas Leak At Samsung Washing Machine Plant

A suspected gas leakage from washing machine assembly plant of Consumer Electronics multinational Samsung in Noida Phase-II has caused panic across the region. The gas leakage affected more than 60 workers who were later rushed to the hospital. Condition of five workers, as per hospital sources, …

Candy Reorganises Brands

Reports in the Italian press seem to indicate that Candy is shaking up it’s brands in a bid to cut costs. The rationalisation is to put the Candy house in order and to unit the businesses of the appliance ones under the same roof and to eliminate duplications of structure.

Whirlpool Working On Magnetic Fridge With No Gas

Whirlpool Europe has linked up with Camfridge, a Cambridge University spin-off, for a project to deliver a domestic refrigerator based on “magnetic refrigeration” technology. The project has won funding from the Carbon Trust aims at validating a revolutionary technology that might change the wa…

China’s Third Largest Refrigeration Maker For Sale

Forbes, among others have reported that Hong Leong Group, owned by Singapore billionaire Kwek Leng Beng, has received approaches about its 90 percent stake in Xinfei, China’s third largest refrigerator maker by market share. Its statement was issued after a Reuters report, citing a source with di…

Profit Soars At Electrolux!

Cost reductions, favorable exchange rates, lower raw material costs and stable pricing helped Electrolux ratchet up third-quarter earnings 93 percent to $234 million. Net sales increased 5 percent to nearly $4 billion for the three months, ended Sept. 30.

Shipping groups cash in on Christmas trading

British business will be hit with a wave of price rises for parcels and freight before Christmas that is likely to continue into the new year. FedEx, UPS and DHL have warned of their intention to increase rates in what is seen as efforts to restore profit margins ravaged by the recession.

Children Poisoned By Concentrated Detergents

The Mail has reported that hundreds of children are being accidentally poisoned by detergent capsules according to experts. Many needed emergency hospital treatment for serious burns to the skin, eyes and throat when they bit or pierced the brightly coloured liquid capsules.

Gorenje Sees A Profit For Q3

Gorenje reported a profit of €3.4 million (approx. US$5 million) in 3Q 2009. “In the third quarters, sales rose most notably in Eastern and South-East Europe,” it said in a statement, adding that sales in Western Europe continued rising but market conditions remained very difficult.

Greens Accuse EU Of “˜greenwash’ On Energy Labelling

As if it wasn’t confusing enough, the EU looks set to introduce an even more baffling energy labelling system. Green MEPs are accusing the Swedish Presidency of “˜greenwashing’ the energy efficiency labelling scheme for domestic appliances. Following discussion between the EU Council, EU Co…