Fund purchases Electrolux offices

Raiffeisen Real Estate Fund has bought 2,000 square meters of office space and 1,000 square meters of storage and workshop space in Budapest’s District 14 from household appliances manufacturer Electrolux Lehel Kft for €2 million, Andr??s Balogh, managing director of Raiffeisen Investment Fu…

Whirlpool To Sell NZ F&P Appliances’ Dishwashers In US

WELLINGTON (Dow Jones)–Global appliance company Whirlpool Corp. (WHR) has signed an agreement with New Zealand appliance maker and exporter Fisher & Paykel Appliances Ltd. (FPA.NZ) allowing Whirlpool to sell the “DishDrawer” brand of dishwashers in the U.S.

Haier buys out entire stake in Indian unit

THE China-based $9.2-billion consumer durables and electronics major, Haier Group, has taken control of 100 per cent stake in Haier Appliances (India) Pvt Ltd by buying out the initial Indian promoters. With this, the Indian outfit becomes the wholly-owned subsidiary of the Chinese company.

Electronics giant eyes top spot in world

With revenues of around $9 billion in 2002, electronics giant Haier Group is the 16th-largest company in China. But the top 15 companies are all state-run, making Haier the largest private company in China.