Turkish white goods maker Arcelik said on Monday its net profit doubled to 326.3 million lira ($118 million) in the second quarter, beating a Reuters forecast of 165 million lira.

Hisense is a world leading multinational that provides innovative, competitive and best-in-class consumer electronics and appliances around the globe. With a workforce of over 75 000 worldwide, Hisense continues to pursue growth in the multimedia, household appliance, mobile communications, and information technology industries in over 130 countries. Hisense has production facilities in China, South Africa, Algeria, Egypt as well as Mexico and is one of the largest television manufacturers in the world with over 10 million televisions produced each year. The company has been the recipient of several recognitions and awards in the name of innovation, technology, design, and quality management. 

The Home Appliance industry is concerned by the European Commission’s decision to propose a new Energy Label Framework Regulation. «The proposed Regulation – Paolo Falcioni, director general of Ceced has explained – will postpone the urgent need to rescale where it is highly needed, such as for washing machines where top classes are overpopulated, and embarks the EU institutions on a lengthy debate. The current framework legislation already has all the flexibility to allow for rescaling, where needed, which would create better transparency for consumers. Right now.» For product categories with an urgent need for rescaling, Ceced would support the swift adoption of product measures having room at the top of the scale to ensure a stable scenario for facilitating innovation and keeping the market competitive that, according to the Committee of domestic equipment manufacturers, is also possible within the current Framework. Furthermore, Ceced underlines, proposed changes such as replacing labels of appliances that have been already put on the market, would lead to unacceptable retroactive labelling requirements. On the other hand, Ceced supports the focus on consumer empowerment in the proposal of the European Commission “Delivering a new deal for energy consumers” and the energy market design consultation.

The second quarter 2015 reported good results for Electrolux business, especially for Major Appliances EMEA. But also for the other areas, that gave together a big contribution to the group’s growth. «During the second quarter 2015 – said Keith McLoughlin, president and ceo of the company – Electrolux achieved an organic growth of 7%, to which all six business areas contributed positively. The financial performance in the Group’s largest business area, Major Appliances EMEA, continued to strengthen year-over-year. Operating income in North America improved significantly compared to the first quarter of the year. Earnings in Major Appliances Asia/Pacific and Professional Products also increased. The Group’s operating income amounted to 921 million Sek for the second quarter 2015, with a seasonally strong cash generation of 3.1 billion Sek.» Market demand in Western Europe continued to strengthen in the second quarter and increased by 4%. In Eastern Europe, demand fell by 23%, as a result of the sharp downturn in Russia and Ukraine. The total European market for appliances is expected to grow by 1–2% in 2015, although the development in Eastern Europe is difficult to assess. For what concerns the GE appliances acquisition McLoughlin specified: «In early July, the U.S. Department of Justice announced that it will seek to stop Electrolux proposed acquisition of GE Appliances, which was announced in September last year. Electrolux does not agree with the DOJ’s assessment that the acquisition will harm competition and will vigorously contest this effort by the DOJ to oppose the transaction. The review of the proposed acquisition will now continue in a court procedure.»

Slovenian household appliance group Gorenje and Japanese electronics group Panasonic have signed an annex to their 2013 strategic partnership deal, agreeing to expand their cooperation in research and development to several new fields.