Fagor, which belongs to the MCC ““the seventh largest business group in Spain- has reached an agreement to purchase 90 percent of the French household Appliance Company Brandt. The National Committee of Stock Market has confirmed the 162.5 million Euro investments.
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.
If you have a story to share, please let us know or contact us on admin@ukwhitegoods.co.uk or contact Kenneth here
Indesit backs independents
HOTPOINT is to invest a massive £5 million in its 400 Hotpoint Centre dealers, including their own unique products.
Fagor to Enter the U.S. Market
Fagor, the Spanish domestic appliance manufacturer, recently announced plans to launch a full product offering within the U.S. market. As a primary contact and U.S. subsidiary, Fagor America, Inc. will be exhibiting this entire range of products May 10-12 at the Kitchen and Bath Show in Las Vegas…
Business Ethics Names Whirlpool One of 100 Best
Whirlpool Corporation has been named one of the 100 best corporate citizens by Business Ethics Magazine. The company, which ranked 18th on the list, has been named to the list every year since its inception six years ago. Business Ethics Magazine has released its annual survey of the “100 Best Co…
China to address e-waste problem
China will soon have its first regulations dealing with the mounting problem of electronic waste. As China emerges as a major global manufacturing and consumer powerhouse, discarded electronics products and household appliances, many filled with toxic chemicals, are piling up, posing a severe thr…
Fridge Mountain Fines Criticised
A firm and two of its bosses blamed for “fridge mountains” in Greater Manchester, have been fined for breaching a waste management licence. About 100,000 fridges were dumped at four sites when Britannia Import Export went into liquidation in 2004
Toshiba ends alliance with Electrolux
Toshiba Corp’s consumer appliance unit said Friday it will end its business alliance with Sweden’s AB Electrolux at the end of 2005 and stop selling jointly developed household appliances at the end of March 2006.
Haier Q4 Net Earnings Up
The listed arm of Chinese appliance maker Haier posted a 12-percent rise in fourth-quarter net earnings, even as fierce competition, soaring raw material costs, and a cut in export tax rebates ate into full-year profit.
Arcelik to Recieve Loan from IFC
The International Finance Corporation (IFC), the investment division of World’s Bank, announced that it would provide a 160-million euro (approx. U.S. $205.9-million) loan to Turkish white goods producer Arcelik.
New rules for extended warranties
Shoppers have better cancellation rights New rules to make the sale of extra guarantee cover more transparent for shoppers have come into force. Retailers will now have to clearly display the price of extended warranties alongside electrical goods.