Hisense, the consumer technology brand and a major international provider of home appliances, has once again been named to Fortune China’s ESG Influential Listing, for its excellent performance in the fields of technology research and development, manufacturing, and supply chain partnerships.
Monthly Archives: May 2023
Midea’s Revenue in 2022
In 2022, Midea ranked first in China in terms of market share for several categories of products both online and offline.headquartered in Foshan, Guangdong Province, recently released its 2022 annual report and 2023 quarterly report. In 2022, the company’s total revenue reached CNY 345.7 billion (USD 50 billion), an increase of 0.7% year-on-year, with a net profit of CNY 29.6 billion, 3.4% higher than in the previous year. In the first quarter of 2023, Midea achieved total revenue of CNY 96.6 billion, up 6.3% year-on-year, and achieved net profit attributable to its parent of CNY 8 billion, an increase of 12.0% from the same period last year.
Founded in 1968, Midea is one of the leading companies in the electrical appliance industry. Its five business segments are smart home, building technology, electro-mechanical, robotics & automation, and digital innovation. It has spent nearly CNY 50 billion on research and development in the past five years and provides services to over 400 million users worldwide each year. Up until now, Midea has about 200 subsidiaries, 35 R&D centers and 35 major production bases worldwide, with operations in more than 200 countries and regions.
In the overseas market, which accounts for up to 41% of its overall revenue, Midea’s 2022 overseas sales revenue reached CNY 142.65 billion, up 3.63% year-on-year. Midea ranked first in China in terms of market share for several categories of products both online and offline, including air conditioners, countertop microwaves, countertop ovens, electric heaters, induction cookers, electric kettles, etc. Among them, Midea’s offline share of air conditioners reached 33.7% of the total market share and its online share reached 33.6%.
Based on current industry trends, Tan Xiguang, chairman of Midea, believes that the electrical appliance industry is heading to a more intelligent, more efficient and greener future. In February 2023, Midea was listed among the “2022 Forbes China Top 50 Sustainable Development Industrial Enterprises”. Besides, Midea is increasing investment in R&D, constantly launching innovative products, and cooperating with technology companies to jointly explore new trends in the home appliance industry.
Midea new front loading washing machine
Midea has unveiled a new front-loading washing machine, the V11F, which will go on sale May 10 for a starting price of $215 in China.
This washing machine is equipped with a 40°C prewash program that activates the enzymatic activity of the detergent to clean and remove stubborn stains, after which the 60°C main wash is completed.This washing machine is equipped with a variable speed BLDC motor and the washing/spinning noise level is: 52/70 dB. The machine is designed for washing 10 kg of laundry, there is a child lock, the possibility of adding laundry in the process and washing on a schedule.
Miele harvests the sun’s power from Gütersloh roofs
Miele further expands self-sufficiency in green electricity. At its headquarters in Gütersloh, the company is currently installing the second-largest roof-top PV array in the town, comprising around 2,400 PV modules. The installation will have a total output of around 900 kWp and will generate more than 750,000 kWh of electricity per year – sufficient to power some 250 households, each with an annual average consumption of 3,000 kWh. Construction work has already commenced, with the facility expected to enter service this year..
Midea Electrolux
Have you heard the news? Recently, Midea Group (China’s largest appliance maker) rumored a proposed a US$3.6 billion acquisition of Electrolux. This might have come as a surprise to some consumers who are more familiar with Electrolux than Midea, but there’s no denying that this is an incredible move by Midea.
Contrary to popular belief, Midea is actually a much larger company than Electrolux – with a market capitalization of US$58 billion. This acquisition will further strengthen their position in the global market and give them access to new technologies and markets around the world.
Electrolux Sao Carlos factory
Electrolux have investing heavily in our Sao Carlos cooking facility in Brazil has led to considerable sustainability gains. The new state-of-the-art process for enameling the ovens has reduced the water consumption from 6.6 liters to 1.8 liters per produced oven. For the consumer, the welded cavity in the built-in ovens means that the appliance uses around 30% less energy to preheat. At the same time, integrated features such as the air fryer and steam function also enable users to enjoy more sustainable cooking and healthy living. The result? The built-in ovens from the Sao Carlos plant are receiving a high star rating from consumers – an impressive 4.7 on a five-point scale.
Pacojet Group Takeover
Groupe SEB announces the acquisition of Pacojet Group, the must-have cooking appliance for chefs Founded in 1992, Pacojet is a Swiss company that has developed a unique emulsifier that can make ice creams 🍨, sorbets, sauces, mousses, fillings, purées and much more in less than 🍨 90 seconds. This revolutionary culinary appliance has been a favorite of chefs for 30 years! Groupe SEB is continuing its growth in the professional market. With the acquisition of Pacojet, Groupe SEB’s professional activity is thus enriched by a complementary offer of an iconic brand and products that meet the strong development ambitions in this segment. « We are delighted with the acquisition of Pacojet, which will enable Groupe SEB to continue to accelerate in the professional segment, a strategic market that is growing rapidly and profitably. Pacojet’s products complement our existing professional offer and enjoy an unrivalled reputation. They contribute to creating a true ecosystem for our customers. We look forward to welcoming the Pacojet team and pursue our ambition in the professional sector together »Thierry de La Tour d’Artaise, Chairman of Groupe SEB .
As New York bans gas stoves, GE Appliances goes to court to
The parent company of GE Appliances is mounting its defense in one of the first cases over the safety of emissions from gas stoves – a lawsuit that does not allege any physical injury.The same day New York banned gas appliances in new residential buildings, Haier US Appliance Solutions, which purchased GE Appliances in 2016, filed a motion to dismiss a proposed consumer class action on May 3 in San Francisco federal court. Lawyers at Dovel & Luner sued Haier in March, arguing plaintiff Charles Drake would not have purchased or paid as much for his gas stove if he had known its emissions were harmful.Drake’s and a similar case, brought by the same lawyers against BSH Home Appliances Corporation, were filed in March after media coverage of gas stove emissions exploded. The U.S. Consumer Product Safety Commission has said it is considering regulation that many feared would lead to a ban on gas stoves.The CPSC is not planning imminent regulation, Haier says, having instead sought public comment to further investigate.”Thus, although recent news articles have speculated about an association between gas stoves and various health concerns, these claims remain disputed and the subject of ongoing research,” the motion to dismiss says.”Yet, according to Drake, GEA should be held liable for not cautioning against use of its own properly functioning product or redesigning its product to reduce energy use.”CPSC Chair Alexander Hoehn-Saric said in January his agency had no intention of banning gas stoves and was simply “exploring new ways to address health risks.”However, New York isn’t waiting around for federal guidance. The state passed legislation that bans natural gas and other fossil fuels in new residential buildings, prohibiting appliances like gas-powered stoves and furnaces.Should GEA challenge New York’s ban, it could use a similar defense that it is employing in the Drake class action. In its motion to dismiss, GEA says the regulation of natural gas stoves belongs to the federal government under the Energy Policy and Conservation Act.
New Electrolux Group study: Europe turns to 30° wash, driving down CO2 emissions
35 million European households have made the switch to washing at 30°C since 2020. That’s just one of the highlights from our latest pan-European report ‘The Truth About Laundry 2023’ which focuses on resource efficiency, and in particular energy usage.The Truth About Laundry report 2021
To help people create more sustainable habits in laundry care, we need to understand current attitudes and behaviors when it comes to how people care for their clothes, and to what extent people consider the environment. In 2021, we commissioned our first The Truth About Laundry report to give us powerful insights to drive change.Read the report here https://admin.betterlivingprogram.com/wp-content/uploads/2021/02/Electrolux_TheTruthAboutLaundry_TheReport-1.pdf
Beko first robot cleaner
Beko has launched its first-ever robot vacuum!
The Robot Vacuum Cleaner boasts 2,000 Pa suction for efficient cleaning on both carpets and hard floors.
It also features a mop attachment and integrated water tank for sweeping and mopping hardwood floors simultaneouslyWi-Fi connectivity so the Robot Vacuum Cleaner can be controlled and monitored from your smartphone
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