Turkey’s Arcelik AS (known as Beko in the UK) may bid for General Electric Co.’s appliance division, CEO Aka Gunduz Ozdemir said. Arcelik is considering a bid for the unit, possibly in partnership with a private equity firm, and hasn’t made a decision yet, Ozdemir told reporters. Arcelik needs ac…
Category: Domestic Appliance News
Domestic Appliance News
All the latest general news from the domestic appliance industry that we find all over the world, and stories that are of interest to the trade and public, often with our own unique non-politically correct spin on it.
We cover almost anything interesting to do with appliances or that affects the industry, including new product releases, scandals, recalls, mergers, takeovers and all the other juicy appliance news from around the world.
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HSE Announces Preferred Bidder For New Gas Registration Scheme
The Health and Safety Executive (HSE) today announced that it has selected Capita as its preferred bidder to run the new registration scheme for gas installers from 1 April 2009. This will replace the scheme currently operated by CORGI.
LG To Bid On General Electric Appliance Division?
LG is apparently considering a bid for General Electric Co’s appliance division and will likely hire an investment bank to advise on the deal, the Financial Times reported on its Web site Thursday, citing a person familiar with the matter. Senior executives at LG charged with preparing a detailed…
Daewoo Plans 100M Zloty Polish Refrigerator Plant
Obviously not wishing to be left out of the seemingly mad rush towards Poland to build appliances, South Korean conglomerate Daewoo wants to invest 100 million zlotys in Poland to build a refrigerator factory, newspaper Rzeczpospolita reported on Today but giving no sources.
Whirlpool Case On Two Patents Against LG Electonics Terminated By Judge
The U.S. International Trade Commission (ITC) should terminate Whirlpool ‘s case on two patents asserted against LG Electronics’ advanced freezer drawer features, according to a ruling by ITC Administrative Law Judge Theodore Essex.
Electrolux To Invest In Poland
Swedish kitchen, cleaning and outdoor appliances manufacturer Electrolux may invest up to a billion zlotys in Poland. The Swedish white goods manufacturer plans to invest 1.5 billion zlotys in Central and Eastern Europe in the near future, TVN24 news channel has found out. The majority of the inv…
Gorenje Buy Atag
LJUBLJANA ““ “ATAG’s acquisition will be finalized on July 1, worth EUR 130mn. A part will be paid in cash and a part in treasury shares”, said Franjo Bobinac, Gorenje Chairman. ATAG is a producer of household appliances, operating for 60 years now. Its headquarters are in Erpe-Mere in Ea…
26 Million Brits Create Waste Mountain of Appliances
A survey conducted in May 2008 by Homeserve, a leading home emergency repair and insurance provider, has shown that there is a growing problem of electrical waste in the UK, with 43% of these electricals being appliances. This is an escalating ‘Green’ problem, but the good news is it can be easil…
The (Almost) Waterless Washing Machine?
Leeds University spinout Xeros has won a provisional £500,000 investment from IP Group Plc for a revolutionary washing machine product which is claimed to use only one cup of water per cycle. IP Group said the investment was dependent on certain milestones being met. IP Group already has an…
Joint LG & Electrolux GE Bid Rumoured
LG Electronics said it hasn’t been approached by Sweden’s Electrolux about a joint bid for General Electric Co.’s (GE) home appliances unit that is up for sale. “We haven’t been approached by Electrolux or received a proposal from the Swedish company about a possible joint bid for GE’s home appli…