The divestment of the Electrolux Group manufacturing facility in Memphis, Tennessee, USA, will not be completed as expected since the intended buyer has failed to proceed to closing. Electrolux Group will now seek an alternative buyer.
As earlier communicated, completion of the divestment of the facility was contingent on various factors. The intended buyer has defaulted on its obligations and the agreement is therefore terminated.
In the now terminated contract, communicated on October 12 and December 19, 2022, Electrolux Group had agreed to divest the Memphis facility for a cash consideration of USD 82.5m (approx. SEK 930m). Production in Memphis stopped on June 30, 2022, and the operations have been transferred to the new facility in Springfield, Tennessee.
Monthly Archives: April 2023
DH Lifelabs new trade partner
Bluestem Group introduce a new brand partner, DH Lifelabs UK, who produce innovative air treatment products to create a cleaner, safer and more comfortable home.
In addition to the revolutionary Aaira Surface Cleaning & Disinfectant System, we are stocking a number of air purifiers, including the compact Aaira Mini, as well as Wi-Fi enabled models.
for more info call Bluestem on 01473 271272
Iran’s rise in exports
The export of home appliances from Iran rose 24 percent in the past Iranian calendar year 1401 (ended on March 20), the director-general of the Home Appliances Office of the Ministry of Industry, Mining, and Trade announced.
Speaking in a TV program, Mohsen Shokrollahi said cooling and heating appliances including evaporative coolers, heaters, and water heaters with a growth of 30 percent, accounted for the lion’s share of the export in the previous year.
“With 30 million dollars value of export, we had also a growth of 82 percent in the export of refrigerators and freezers in the past year”, he added.
The home appliance industry is one of the industries that faced significant production growth in the past year, so it can be said that Iranian manufacturers were able to take a significant share of the market in the production of refrigerators, freezers, washing machines, evaporative coolers, and TV sets, and even in small household appliances, the production status is outstanding.
The official announced that about 600 home appliance production units are active in the country.
Over the past few years, the Iranian government has been following a new strategy for supporting domestic production to neutralize the impacts of the U.S. sanctions while reducing the reliance of the economy on oil revenues.
The home appliances sector has been one of the pioneers in this regard and like many other areas, the production of home appliances has witnessed a significant rise in the past six years.
Ever wonder what’s inside a robot vacuum?
Take Apart a Robot: Roomba i7 Robot Vacuum https://hubs.li/Q01G7-Md0
Have you ever wondered what’s inside a Roomba robot vacuum? Now’s the time to find out! RoboWeek
Electrolux Delivering sustainable business strategy
Jonas Samuelson, Electrolux Group CEO, and Vanessa Butani, VP Group Sustainability, talk about achieving the Electrolux Group science-based climate target three years ahead of schedule, and how the company managed challenges in 2022 to continue work toward its For the Better 2030 goals. This interview is published in the Electrolux Group Sustainability Report 2022. https://www.electroluxgroup.com/en/delivering-on-our-sustainable-business-strategy-35311/
Moulinex Tefal breakfast set
Groupe SEB launches its first premium Moulinex-Tefal breakfast set, Majestuo
Composed of a kettle , a coffee maker and a toaster with a stainless steel design with glossy finishes, this breakfast set offers a whole series of innovations
An intuitive interface that transmits key information (water temperature, remaining grill time)
New functions (Program & Keep warm) to enjoy your drinks at any time
Easy to clean steel & stainless steel coating that leaves no fingerprints
LG Electronics estimates to log second-highest Q1 profit of W1.5tr
LG Electronics said Friday it predicted its first-quarter operating earnings at 1.5 trillion won ($1.14 billion), which will likely be the company’s second-highest profit for the January-March period, outpacing Samsung Electronics’ financial result for the first time in more than a decade.Details on each business sector’s estimated figures were not available in Friday’s earnings guidance, but market watchers expect that LG’s key business divisions for home appliances, TVs and vehicle components put up solid results in the January-March period.
Beko Splash the Dosh on advertising
Beko plc has launched its biggest TV and multi-channel advertising campaign, to date, costing £3millionRunning until the end of October 2023, the 360 campaign will comprise TV advertising, Sky AdSmart, digital media,
Bertazzoni award-winning
The Bertazzoni Professional Series 90 cm Air-Tec Cooker won the distinguished Ideal Home Kitchen Award 2023 in the Genius Kitchen Innovation category, celebrating the very best kitchen manufacturing and design. Innovative engineering has always been core to the Bertazzoni brand, and this award is a testament to more than 140 years dedicated to producing best-in-category products.
Hisense Europe special day
5th April was special day for Hisense Europe. Not only that on that exact day Gorenje brand celebrated its birthday, but on same day They had special visit from Slovenian Nordic national team – top ski jumpers, cross-country skiers and nordic combined, at our European headquarters in Velenje (Slovenia). This year’s visit was a double celebration – the medals that our Nordics won in Planica, and on the very day of their visit, Gorenje brand also celebrated its 73rd birthday, which as the proud sponsor of the Slovenian Nordic national teams has been for more than 30 years.
Although they are “old acquaintances”, this year we were also able to show the Nordics something new – the Hisense R&D Center, where they were welcomed by Dr. Boštjan Pečnik, Hisense Europe Executive Vice-President, responsible for Research and Development who presented the R&D Center, and Alenka Potočnik Anžič, Hisense Europe Marketing Director. “I am happy that we have been a long-standing partner of the Nordic national team, for more than 30 years and we are proud of it. It is about a kind of sustainable responsibility towards the environment in which we operate in Slovenia. We proudly support you and sincerely wish you both sporting and personal success in the future,” said Alenka Potočnik Anžič.
The Nordics team also got to know our design team, which made design for a ski jumping helmet for this year, which symbolizes an eagle. “We couldn’t have chosen a better sponsorship,” said Matevž Popič, head of Product Design at Hisense Europe. “We are all already like a family and we are happy to follow your successes and we will continue to cheer you on your way.”
After visiting every corner of our huge company in Velenje, Slovenian Nordic team stopped to visit local Handball Club Gorenje Velenje, which Gorenje brand is sponsoring for over 30 years as well.
WHITEGOODSNOW 