Appliance Industry Establishes Fair Trade between EU and China

CECED, the European Committee of Manufacturers of Domestic Equipments, and CHEAA, the Chinese Household Electrical Appliances Association, have signed the first direct agreement between non-institutional parties of the European Union (EU) and People’s Republic of China to jointly develop free and…

China to Make Laws to Promote Recycling Economy

China is to accelerate the pace of drafting the Regulations on the Comprehensive Utilization of Resources and the Regulations on the Management of Recycling and Disposal of Rejected and Worn-out Household Appliances and Electronics Products in a bid to promote the development of the recycling eco…

Whirpool’s new microwave oven launches in the UAE

Al Ghandi Electronics has launched the new Whirlpool “JETCHEF” ““ a revolutionary concept in cooking providing significant and unique consumer benefits by combining the necessity of a regular oven and the practicality of the microwave in one machine. Whirlpool’s new JetChef designed to of…

New Built-In Products From Micromark

Micromark have teamed up with TV chef Antony Worral Thomson to launch a ranch of ovens and hobs. The range is made up from four distinct groups covering from the lower to upper market segments. This is to attempt to appeal to a wide audience and cover the whole of the market.

Merloni Reduces Stake in Faber Factor

The Board of Directors of Italian appliance maker Merloni Elettrodomestici announced that it will sell 40 percent of its stake in Faber Factor to Fineldo. The sale reduces Merloni’s interest in the factoring company to 10 percent, which the company said it no longer deems “of strategic importance.”

Powerhouse weighs down Pacific Retail Group

Pacific Retail Group’s money-gobbling UK appliance chain Powerhouse will break even in two years – but it still weighs heavily on the group. Half-year profits soared from $341,000 to $55.6 million, thanks to a $92 million one-off gain from its August sale of the Noel Leeming and Bond & Bond a…

Faber India ties up with Whirlpool

Faber India, the domestic arm of Italian kitchen appliances firm Faber Spa, said it has entered into a distribution tie-up with Whirlpool and is aiming for 30% growth in sales turnover at Rs 520 million (US$11.56 million) this fiscal year.

Europe wakes up to China as high-tech rival

Europeans accustomed to sneering at China as a producer of cheap shoddy goods must realise the world’s most populous country is taking a great leap forward in the technology stakes, according to a new report that urges the EU to innovate or face stagnation.

Maytag will reimburse customers for washers

A St. Clair County judge signed a settlement this week in a class-action suit against the Maytag Corp. over problems with its Neptune front-loading washing machines sold from April 1997 to last July.