China’s leading home appliance manufacturer Midea Group saw its revenue rise 24.98 percent year on year in the first half of 2021, following strong sales growth.
Its revenue reached 173.8 billion yuan (about 26.9 billion U.S. dollars) in the January-June period, the Fortune 500 company said in an interim financial report filed with the Shenzhen Stock Exchange on Tuesday.
Over the period, the company chalked up 15 billion yuan in net profit, up 7.76 percent year on year, according to the report.
Midea said its major home appliance products expanded their shares in online and offline domestic markets in the first six months of this year. The company was the top seller of household air conditioners in both markets during the period
Monthly Archives: September 2021
LG reports steady appliance recycling activity
LG Electronics says it is continuing to invest in what it calls a state-of-the-art recycling facility in Hamyang County, South Korea. The LG Chilseo Recycling Center, says the firm, collects a broad range of discarded household appliances and then undertakes disassembling, crushing and screening to create secondary commodities that can be reused in new LG appliances, “beginning their life cycle again.”
Every year, the center recycles up to 550,000 appliances, including refrigerators, washing machines and air conditioners. LG says the process starts with skilled technicians and includes “tried-and-true” processes and specialized equipment that helps harvest aluminum, copper, steel and plastic, destined for end markets tied to the manufacturing of new LG home appliances.
Offering an overview of the plant, LG says the plant’s initial stage includes disassembly, shredding and sorting. Once the appliances have been collected at the Chilseo Recycling Center, workers manually remove both mechanical and detachable plastic components such as compressors, drawers and shelving. Any remaining refrigerant is safely extracted using a gas recovery device, adds the firm.
Appliance frames are then shredded and sorted into steel, copper, plastic, aluminum and any other fractions “through a variety of methods using vibration, gravity, magnets and air.”
Shredded plastics are moved to another facility and sorted another time using water before being melted, cooled and cut into small pellets of uniform size. “With their consistent shape, scale and composition, the pellets are perfect for use in the manufacturing of plastic parts and goods, offering dual benefits of reducing both waste and effort required to create new products,” states LG.
From the plastics facility, the pellets are transferred to another site where they are melted down, poured into molds and transformed into plastic components for new LG refrigerator models.
Those plastic components are then moved to LG’s plant in Changwon, South Korea, the company’s “main home appliance manufacturing facility” 30 kilometers (nearly 19 miles. There, the components become part of a new LG refrigerator as shrouds, ducts and handles, among other components.
The appliance maker states, “One of the best ways to preserve the Earth’s resources and reduce our footprint is through creating a virtuous cycle where we recycle, reuse and repurpose what we already have. From eco-conscious manufacturing and product design to responsible recycling and waste management and development of sustainable technologies, LG continues its journey to ensure a better tomorrow.”
Electrolux Celebrates 1,000th Tree Donation To The Nature Conservancy
Electrolux announced today that it has donated its 1,000th tree to The Nature Conservancy.
Through a partnership with The Nature Conservancy’s Plant a Billion Trees campaign, Electrolux North America is helping plant a tree on behalf of every consumer who registers their new Electrolux appliance before June 30, 2022. The company reached the 1,000th tree in the campaign’s first three months. The campaign is a major forest restoration effort with the goal of planting a billion trees across the planet.
Electrolux is committed to a sustainable future, both in its manufacturing operations and in consumers’ homes.
Electrolux is planting a tree on behalf of every U.S. consumer who registers their new Electrolux appliance.
“We are deeply committed to sustainability and are proud to support The Nature Conservancy,” said Nolan Pike, head of Electrolux North America. “Many thanks to our consumers for helping us make a big difference and reach the one-thousandth tree donation mark so quickly. Together, we are planting the seeds to shape a better future for our planet – the home we all share.”
Electrolux U.S. consumers who want to register their new product can do so here. After registering a product, consumers will receive a welcome email with a link to select a tree to be planted in one of four important North American forests.
“Planting the right trees in the right places is a rewarding way to foster clean and abundant waters, enhance wildlife habitats, cool our cities, improve our health, and help mitigate carbon emissions to stabilize our climate,” said Rachel Holmes Urban Forest Strategist at The Nature Conservancy. “We appreciate partners like Electrolux for contributing to our efforts to plant one billion trees.”
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