The Shareholders’ Meeting of Elica voted on an amendment to the company bylaws that grants two voting rights per share to shareholders who have held the stock for at least two years from their registration in the Shareholders’ Register and 3 rights to those who have held them for three years.
The aim, the company writes, is to “reward the long-term commitment of its shareholders and maintain and strengthen the reference shareholder base”, in practice the core shareholders such as the Casoli family .The change in fact makes a hostile ‘raid’ or a takeover bid on the Marche-based company practically impossible.
In this period, the Elica stock is at an all-time low: around 1.7 euros compared to 5.8 in the first days of listing in 2006, and its capitalization is around 100 million euros against a 2023 turnover five times high
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LG Comfort Kit, the accessory set designed to improve accessibility
LG has received 23 awards at the International Design Excellence Awards (IDEA) 2024 , one of the most important annual events dedicated to industrial design. To be precise, it has received two Gold Awards , one Silver Award and three Bronze Awards, which demonstrate its commitment to creating products with a design that effectively combines aesthetic needs with the principles of inclusivity and sustainability .
Winner of the Gold award , LG Comfort Kit, the set of accessories designed to improve the accessibility of LG appliances for all people, regardless of age, gender and ability. The Comfort Kit consists of seven accessories including the Easy Handle , the set of additional handles that allow users with limited manual strength or dexterity to easily open and close appliance doors; the Easy Ball , which allows the knobs of the appliances to be operated with the palm of the hand; and the Easy Hanger , the accessory with a circular handle that allows people with reduced mobility to easily place clothes inside the LG Styler smart wardrobe. These accessories, made of recycled plastic, are easy to attach and remove and perfectly fit the design of LG products.
second Gold award was given to LG gram Fold , the foldable notebook of the LG gram line that combines an ultra-light design and a large display with the versatility of a foldable screen. Thanks to the flexibility of the OLED technology screen, this device can transform from a 12” notebook into a 17” tablet: when used folded like a book, it is possible to use a portion of the screen as a virtual keyboard and the other portion as a screen, thanks to the automatic adjustment of the aspect ratio and orientation of images or text. Alternatively, the device can be used as a traditional notebook by adding a wireless keyboard. The matte glass finish adds a touch of elegance, while the magnesium alloy structure ensures durability and portability with a weight of only 1,250 grams.
In addition to the two Gold Awards , LG received the Silver Award for the LG CineBeam Q , the portable projector that with its compact and minimalist design fits perfectly into any space and offers maximum portability thanks to the 360° rotatable handle.
Bosch,future of connected homes looks like
To mark the 10th anniversary of Home Connect, BSH presents new functions and appliances at IFA Berlin 2024 that promote sustainability and comfortable use. The Smart Start function automates the operation of home appliances based on the highest proportion of renewable energy in the power grid. For consumers who use dynamic electricity tariffs, Smart Start can also determine the program start of appliances based on current electricity prices. The Care Dashboard allows you to monitor the status of your appliances, identify maintenance requirements at an early stage and fix problems directly in the Home Connect app. The XXL built-in fridge-freezers from #Bosch and #Siemens are the world’s first Matter-enabled home appliances to set new standards in cross-brand #connectivity at home. With its integration into the Matter standard, BSH is actively positioning itself for the smart home of the future.
Investment by Haier in Thailand
The Thailand Board of Investment (BOI) announced today it has approved a 13.5 billion baht (USD 400 million) investment promotion application by Haier Appliance Manufacture (Thailand) Co., Ltd., a unit of China’s Haier Smart Home Co., Ltd., to set a factory that will produce annually six million smart air conditioners and bring extensive economic benefits.
China’s Home Appliance Exports Surge 14.7% in First Eight Months
The first eight months of this year, China’s home appliance exports soared by 14.7% compared to the same period last year. This growth was primarily driven by the global expansion of Chinese companies and increased external demand, although this demand may weaken in the future.Chinese home appliance manufacturers have reported that revenue from overseas markets has become a crucial source of income in the first half of this year. For instance, Haier Smart Home’s net profit surged by 16.3% to CNY 10.4 billion (USD 1.5 billion), with operating revenue increasing by 3% to CNY 135.6 billion (USD 18.8 billion). Notably, its overseas income grew by 3.7%, accounting for more than half of its total revenue, while domestic market revenue rose by only 2.3%.
Similarly, Xinbao Electrical Appliances, a leading exporter of small home appliances, experienced an 11.2% rise in net profit to CNY 442 million (USD 62.3 million) and a 22% increase in operating revenue to CNY 7.7 billion (USD 1.1 billion). Its income from overseas markets surged by over 70%.
Guangdong Bangze Chuangke, another key player, attributed its core growth to its factory in Vietnam, which has helped secure more external orders. Chairman Xu Ning mentioned that while the home appliance market remains relatively stable, the boost from external demand might weaken due to tariff risks and fluctuations in the Chinese yuan exchange rate.
Shi Yonghong, vice president of the China Chamber of Commerce for Import and Export of Machinery and Electronic Products, noted that export growth to Europe and the United States was minimal in the first half of the year. However, exports to major developing markets, especially in regions where Chinese home appliance makers have invested, such as Vietnam, India, and Mexico, continued to grow.
Middleby residential New home
Middleby Residential UK has launched its first showroom bringing six of its brands under one roof in Oundle, Northamptonshire space measures 3,000sqft, spread over two floors, and features 51 products across six brands.
These included AGA, La Cornue and Novy, together with AGA Outdoors, Kamado Joe, and Josper.Middleby Residential, which comprises 21 brands in total, he stated: “We are this great collection, a unique collection, of luxury brands. And from the expanse of our portfolio, we are the largest by far. There’s nothing really comparable to that in high-end residential goods
SMEG dishwasher winners in Australia
Smeg Australia has once again been recognised by Canstar Blue, taking the top spot in the latest dishwasher ratings. Smeg secured a five-star rating in all categories, including overall satisfaction, value for money, performance, features and functionality, design and ease of use.
Electrolux Group appoints new Head of Investor Relations & Sustainability Reporting
Electrolux Group has appointed Ann-Sofi Jönsson as Head of Investor Relations and Sustainability Reporting as from latest February 10, 2025.
Ann-Sofi Jönsson is currently Head of Investor Relations, Group Risk Management and Sustainability at Munters Group AB, and has previously held similar positions within Saab, ABB AG, Accenture AG and Siemens Building Technologies. She will report to Therese Friberg, Chief Financial Officer of Electrolux Group.
EZVIZ launches its flagship RS20 Pro Robot Vacuum and Mop Combo,
EZVIZ launches its flagship RS20 Pro Robot Vacuum and Mop Combo,Pushing the boundary of EZVIZ’s proprietary robotic technology, the RS20 Pro features various innovations: automatic mop installation and detachment, a 3-in-1, self-cleaning roller brush system, auto-lifting side brushes, and dynamic edge mopping. It comes with a multifunctional charging station for automatic dust emptying, mop washing, hot air drying, and clean water refilling. Moreover, the robot doubles as a mobile smart camera by integrating EZVIZ’s market-proven security technology.Ready for messy homes with pets and kids, the robot integrates LDS LiDAR, structured 3D laser and an AI camera to identify over 65 types of common objects, navigating even a multi-storey house smoothly. It vacuums with 7,200 suction power, and mops with dual swirling pads with 10N pressure. Its 3-in-1 roller brush further digs up hidden dirt with a combination of a rubber strip and a bristle brush. After heavy tasks, the RS20 Pro is a breeze to maintain – it self-empties collected wastes into the station, and uses the built-in blade to cut off tangled hair on the brush
Haier Europe: Daniele Pugliese is the new Head of Cooling
Pugliese joins from Whirlpool where he headed up operations in the Czech Republic and Slovakia, before which he spent four years heading up marketing for Whirlpool’s refrigeration category. He replaces Diego Perrone, who was recently appointed Managing Director for the UK
