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Whirlpool celebration of design,

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MILAN, April 9 2019 – At Fuorisalone 2019, Milan’s world-famous celebration of design, held during the city’s prestigious Salone Internazionale del Mobile from April 8-14, Whirlpool is showcasing the power of innovative design to build meaningful human connections in the digital age. As technology reshapes our world, the leading appliance brand is presenting a vision of human-centric design where technology senses our needs, adapts to our lifestyles and helps us enjoy more rewarding experiences at home. This concept is sensationally brought to life through the brand’s interactive art installation – designed by Ico Migliore with M+S lab – at the ‘Human Spaces’ exhibition, presented by leading design magazine, INTERNI. As part of its presence at Fuorisalone, Whirlpool will host an engaging discussion with industry thought leaders to explore how technology and design can contribute to enhancing and supporting the connections that truly matter in our lives. Whirlpool is also providing its guests the opportunity to experience its exquisite, W Collection suite of premium appliances through a special cooking demonstration event. Additionally, the W Collection will be featured in a product showcase at the newly-renovated Milan flagship showroom of Cosentino.

During Fuorisalone 2019, Whirlpool is partnering with the iconic Italian interior and contemporary design magazine, INTERNI, for the very first time. Whirlpool is co-producing INTERNI’s ‘Human Spaces’ event, and a special Whirlpool installation is featured as part of this distinguished showcase of design. As the pioneering force behind Fuorisalone and a leader in the world of design, INTERNI’s flagship event, which is taking place at the University of Milan between April 8-19, is anticipated to attract over 200,000 visitors and designers over the course of the two weeks.

Whirlpool at Fuorisalone 2019

“Today, design plays an increasingly important role within our homes and kitchens, which have become social and shared spaces that we use to express our personalities and empower our lifestyles,” said Neil Tunstall, Vice President Products of Whirlpool EMEA. “As the technology that surrounds us grows ever more intelligent, Whirlpool – a pioneer in advanced connected appliances – is innovating to ensure that our human experience continues to define this new world. At Fuorisalone, we are excited to bring this vision to life, especially through an inspirational installation that explores and embodies these concepts. As a co-producer of INTERNI’s distinguished ‘Human Spaces’ exhibition, we aim to show how the Whirlpool brand is helping to create homes that are more sensitive to the human experience through our 6TH SENSE technology. The installation and the product showcase reveal how better technology can liberate us to focus on the human connections that truly matter.”

For the Human Spaces event, Whirlpool is immersing its visitors in a unique sensory experience, celebrating the power of meaningful human connections. With a striking new installation created by Ico Migliore with M+S lab called, “The Perfect Time”, the experience explores the concepts of time, space and connection, where space is interpreted as an intelligent, permeable organism that visitors can pass through, discovering how changes in perception are altered by place and time. The installation reveals how the human-centric product design behind the premium appliance manufacturer’s W Collection range can help shape our experiences and bring us closer together and shows how Whirlpool is helping to create homes that are more sensitive to the human experience through its 6TH SENSE technology. “The Perfect Time” will be on display in the courtyard of the University of Milan from April 8-19.

Whirlpool W Collection

Experience the exquisitely designed W Collection range at Fuorisalone
Fuorisalone is one of the most exciting environments to discover some of the world’s best design. At Milan Design Week, Whirlpool is partnering with Cosentino to provide an opportunity for visitors to experience the brand’s premium W Collection appliances at its Milan showroom, ‘Cosentino City Milan’, located in Piazza Fontana. Cosentino is a leading manufacturer of innovative and technologically advanced surfaces for the world of design and architecture, including Silestone®, Dekton® and Sensa by Cosentino®. Like Whirlpool, Cosentino shares a desire to create innovative products that reflect the importance of bringing high-quality and remarkable materials into everyday environments such as homes and kitchens – a fact demonstrated beautifully by bringing both brands’ products together at Fuorisalone.

Whirlpool Talk Show
On April 8, Whirlpool hosted an exclusive “talk show”-style panel discussion that explored how technology and design can help to foster meaningful connections and contribute to enhancing and supporting the people and activities that truly matter in our lives. The event took place at the Cosentino City Milan showroom in Piazza Fontana, 6, Milan.

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About Whirlpool Corporation:
Whirlpool Corporation (NYSE: WHR) is the leading major appliance manufacturer in the world, with approximately $21 billion in annual sales, 92,000 employees and 65 manufacturing and technology research centers in 2018. The company markets Whirlpool, KitchenAid, Maytag, Consul, Brastemp, Amana, Bauknecht, Jenn-Air, Indesit, Hotpoint and other major brand names in nearly every country throughout the world.

Moulinex Steam’up

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Moulinex launches the new Steam’up, available from today on the French market. It is new and simple solution to prepare everyday dishes. It features an innovative, patented technology which directs the steam downwards so that all the ingredients can be cooked at the same time in a single 16-28 cm dish: the flavors of the meat and fish mingle delicately with those of the vegetables.
Steam’up is also easy to use, thanks to its automatic programs.
“By mixing flavors during cooking – they say from the company – this product is pioneering a new style of steaming producing richer, tastier dishes. The appliance comes with a 30-recipe booklet and consumers can get further inspiration from 70 other recipes available on line.»
Finally, at the end of the use the appliance only needs to be wiped with a damp sponge after use as it does not come into contact with the food. Steam’up is characterized by a compact design, that makes it easy to be stored.

Galanz ToastWave Frozen food comes out crispy

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Galanz ToastWave four-in-one countertop appliance with air fry, convection bake, toast and microwave

Why we like it: Everyone uses a microwave to reheat or thaw out food. But what if you could nuke a piece of frozen food and have it come out nicely browned as if it were cooked in an oven? Galanz ToastWave, which says it will defrost and cook with the combined speed of a microwave and a convection oven in one space-saving appliance

Arçelik continues to expand its footprint in Asia-Pacific,

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Arçelik continues to expand its footprint in Asia-Pacific, announcing the acquisition of Retail Holdings Bhold BV which is the majority shareholder of Singer Bangladesh, one of the leading home appliances retailers and manufacturers in Bangladesh for $75 million

Founded in 1905 and headquartered in Dhaka, Singer Bangladesh has an extensive product portfolio, ranging from refrigerators to washing machines, televisions to air conditioners. It has top two positions in major product groups as well as the largest retail distribution network in Bangladesh appliance market. Singer Bangladesh has 1,507 employees and it reported 2018 revenues of $164 million. Singer Bangladesh’s reported EBITDA and net income are $20 million (12.4%) and $11 million (6.7%) respectively.

Arçelik has been intensively growing in Asia-Pacific in the last decade with greenfield investments in China, Thailand, Pakistan, and India in a bid to establish a trade corridor along the historical Silk Road.

Koç Holding Consumer Durables Group President Fatih Kemal Ebiçlioğlu said: “This acquisition is another significant step on our Silk Road strategy. Bangladesh is one of the fastest-growing economies in the world, and it will further accelerate in the medium to long term. The market offers huge potential with its expanding middle class and young population. We will combine our global expertise, scale and knowledge with the strong market position of Singer Bangladesh equipped with its strong brand image, for further product developments to grasp the local market needs.”

Arçelik CEO Hakan Bulgurlu said; “Over the next decade, the growth in our industry will come from Asia-Pacific. Singer Bangladesh is a strategic fit for us, and this deal is a unique opportunity to invest in Bangladesh, a market which holds a great untapped potential. Singer Bangladesh has a strong brand heritage, extensive retail network, and a talented management team. We will continue to build on these strengths by pushing new boundaries and creating strong synergies across retail management, production, purchasing and product sourcing. Our mid-term target is to become the market leader in the major product groups

Arçelik to Acquire Singer Bangladesh Operations for $75 Million
Arcelik Logo (PRNewsfoto/Arcelik)
NEWS PROVIDED BY

Arçelik
22 Mar, 2019, 14:53 GMT

Arçelik continues to expand its footprint in Asia-Pacific, announcing the acquisition of Retail Holdings Bhold BV which is the majority shareholder of Singer Bangladesh, one of the leading home appliances retailers and manufacturers in Bangladesh for $75 million

The deal is key to Arçelik’s strategy of creating a continuous and strong presence along the historical Silk Road

ISTANBUL, March 22, 2019 /PRNewswire/ — Arçelik (IST: ARCLK), a leading player in the home appliances industry, has signed an agreement to acquire Retail Holdings Bhold BV which has a majority stake in Singer Bangladesh Limited (SINGERBD), one of the leading home appliance retailers and manufacturers in Bangladesh, to expand its foothold further in Asia-Pacific. Under the agreement, Arçelik’s wholly owned subsidiary Ardutch B.V., will acquire Retail Holdings B.V., the company that controls 57 percent of Singer Bangladesh shares in a deal worth of $75 million.

Arçelik CFO Polat Şen, Koç Holding Consumer Durables Group President Fatih Kemal Ebiçlioğlu, Arçelik CEO Hakan Bulgurlu (PRNewsfoto/Arçelik)
Arçelik CFO Polat Şen, Koç Holding Consumer Durables Group President Fatih Kemal Ebiçlioğlu, Arçelik CEO Hakan Bulgurlu (PRNewsfoto/Arçelik)
Founded in 1905 and headquartered in Dhaka, Singer Bangladesh has an extensive product portfolio, ranging from refrigerators to washing machines, televisions to air conditioners. It has top two positions in major product groups as well as the largest retail distribution network in Bangladesh appliance market. Singer Bangladesh has 1,507 employees and it reported 2018 revenues of $164 million. Singer Bangladesh’s reported EBITDA and net income are $20 million (12.4%) and $11 million (6.7%) respectively.

Arçelik has been intensively growing in Asia-Pacific in the last decade with greenfield investments in China, Thailand, Pakistan, and India in a bid to establish a trade corridor along the historical Silk Road.

Koç Holding Consumer Durables Group President Fatih Kemal Ebiçlioğlu said: “This acquisition is another significant step on our Silk Road strategy. Bangladesh is one of the fastest-growing economies in the world, and it will further accelerate in the medium to long term. The market offers huge potential with its expanding middle class and young population. We will combine our global expertise, scale and knowledge with the strong market position of Singer Bangladesh equipped with its strong brand image, for further product developments to grasp the local market needs.”

Arçelik CEO Hakan Bulgurlu said; “Over the next decade, the growth in our industry will come from Asia-Pacific. Singer Bangladesh is a strategic fit for us, and this deal is a unique opportunity to invest in Bangladesh, a market which holds a great untapped potential. Singer Bangladesh has a strong brand heritage, extensive retail network, and a talented management team. We will continue to build on these strengths by pushing new boundaries and creating strong synergies across retail management, production, purchasing and product sourcing. Our mid-term target is to become the market leader in the major product groups.”

Stephen H. Goodman, Retail Holdings Chairman, President and CEO, noted “The Singer Bangladesh business will benefit significantly from the sale as Arçelik is a much larger and financially much stronger company, with a commitment to and a world-wide reputation in the home appliance sector. Following the sale, Singer Bangladesh will continue to have a royalty-bearing license from SVP Worldwide, the owner of the Singer trademark, to use “Singer” in the company name and the “Singer” brand on its stores, products and services.”

ABOUT ARÇELİK
Founded in 1955 Arçelik has operations in the durable consumer goods industry with production, marketing and after-sales services, Arçelik offers products and services in 146 countries with its 30,000 employees, 21 different production facilities in 8 countries (Turkey, Romania, Russia, China, South Africa, Thailand, Pakistan and India), 34 sales and marketing companies all over the world and 12 brands (Arçelik, Beko, Grundig, Blomberg, ElektraBregenz, Arctic, Leisure, Flavel, Defy, Dawlance, Voltas Beko and Altus). Arçelik is listed on Istanbul Stock Exchange.

AHAM

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AHAM, the North American Association of Home Appliances Manufacturer, will held its annual meeting from 27 to 30 April in Washington. The event will be an important occasion for the home appliances player to meet and discuss the current trends of the sector. Many managers and big names of the industry will attendee the meeting as speakers, such as John Taylor, Senior Vice President, Public Affairs and Communications of LG Electronics USA; Jim Estill, President & CEO of Danby Appliances; Kevin Nolan, President & Chief Executive Officer of GE Appliances, a Haier company; Dean Schwartz, Merchandising Vice President – Home Appliances of Lowe’s; Linda Menghetti Dempsey of National Association of Manufacturers. In addition, some representatives of the U.S. Government, of the U.S. Chamber of Commerce will also be present as speakers, as well as representatives of the National Institute of Standards and Technology, Consumer Product Safety Commission and Office of Energy Efficiency and Renewable Energy that will discuss all these relevant themes for the home appliances sector development in the United States and globally. During the meeting will also be assigned some awards and recognitions, such as the Chairman’s Partnership Awards, the Emerging Leader Award, the Gordon Stauffer and Liston Durden Distinguished Service Award and the Home Appliance Industry Leadership Award.

De Longhi launches new products

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De’Longhi has just launched innovations in all its brands ( De’Longhi , Braun and Kenwood ), aimed at making life easier for consumers and with the common denominator of innovation.

De’Longhi has presented the Lattissima One coffee machine in black. This Nespresso capsule coffee machine features an integrated milk tank that automatically recognizes the amount of milk needed in the jar to prepare cappuccinos or other combinations at the touch of a button. It has also renewed its range of dehumidifiers, with three models with ecological gas R290. Apart from removing excess moisture, they have a clothes drying function and improve air quality. This gas is also present in the two new portable air conditioning models: the PAC N90 Eco Silent and the PAC AN98 ECO Real Feel.

Kenwood, meanwhile, launches two new accessories compatible with the kitchen robots of the Chef and kMix range: the Pure Juice KAX720PL and the Spiralizer KAX700PL. With the first, you can prepare juices easily with all the nutrients and vitamins of fruits and vegetables. The Spiralizer KAX700PL converts fruit and vegetables into spaghetti of different thicknesses.

Finally, Braun launches two new black and white blenders, the SJ3100. In the category of ironing centers, it relaunches the CareStyle 5 in black and white (IS 5145) with important improvements like the FreeGlide 3D sole, which allows ironing on any fabric and obstacle even backwards.

Whirlpool and its commitment to energy efficiency in its appliances

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Whirlpool’s goal is to improve the lives of consumers by causing the least possible environmental impact in the use of their appliances. For this purpose, in 2014, it established four global sustainability objectives: energy efficiency, water efficiency, zero waste and material transparency. Through accelerated projects and acquisition synergies, the company exceeded the 15% energy efficiency and water targets three years earlier.

According to Niccolò Pietrucci, marketing director of Whirlpool Spain, “for Whirlpool energy efficiency is a daily commitment” and, under this principle, “Whirlpool has developed products with the highest energy efficiency standards”.

A clear example are the dishwashers with Power Clean, awarded this year with the Product of the Year, and that have the A +++ label on many of their models. Some of them also have the Power Dry function, which allows washing and drying the dishes in just one hour.

These dishwashers also incorporate EcoFriendly 6th Sense ™ technology, which offers low water and energy consumption.

Sabaf

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Sabaf S.p.A. is a company that produces components for household cooking appliances. Founded in 1949, today it has more than 650 employees and 5 manufacturing sites in Italy, Brazil, Turkey and China.

The production includes taps, thermostats and burners for gas appliances. In 2001 it took over Faringosi Hinges, an Italian company specialized in the production of hinges for household appliances.

The company invests about 3% of its annual turnover in research and development. The design and development of new products complies with the need to create increasingly safer components that permit to reduce atmospheric pollution and to save energy both during the production and the use by the final user.

Characterized by a strong vertical integration, the Company also manufactures the machinery necessary to produce and assemble its products, thus obtaining maximum optimization in both processes.

Sabaf has been listed on the Milan Stock Exchange

Sabaf totalled a revenue of €150.6 million, up by 0.3% over the same period of 2017 (-2.4% taking into consideration the same scope of consolidation). EBITDA was €30 million (or 19.9% of sales), down by 3.2%, EBIT totalled €16.4 million (or 10.9% of sales) down by 9.4%, and the net profit owned by the Group was €15.6 million, up by 5.3% compared to 2017. The tax rate in 2018 was 24.6%, compared to 16.2% in 2017.
During the fourth quarter of 2018, the worsening of the European and Middle Eastern macroeconomic scenario, only partially offset by the positive tone of the North American market, led to a slowdown in the Group’s sales: during the period, sales revenue totalled €36.2 million, 3.3% lower than the €37.4 million of the fourth quarter of 2017 (-11.7% taking into consideration the same scope of consolidation). The markets most affected by the deterioration of the economic situation were Italy, Turkey and the Middle East. On the contrary, sales in North America maintained a growth rate of around 20%. EBITDA for the fourth quarter of 2018 was €7 million, or 19.5% of sales, up by 2.8% compared to the figure of €6.9 million (18.3% of sales) in the fourth quarter of 2017. EBIT was €2.8 million, equivalent to 7.9% of sales, and 23% lower than the €3.7 million recorded in the same quarter of 2017 (9.9% of sales). During the quarter, the Group recorded in the income statement positive exchange differences of €1.6 million, due to fluctuations in exchange rates with the Turkish lira and the U.S. dollar. Profit before taxes was €4.1 million, up by 16.5% compared to the €3.6 million recorded in Q4 2017. Net profit for the period was €3.2 million, down 29.6% from €4.6 million in the fourth quarter of 2017, when the Group recorded tax benefits of €1.3 million.
Based on the trend in negotiations with major customers and the current limited visibility in a still complex market context, for 2019 the Group estimates that it will be able to achieve sales ranging from €160 to €165 million and a gross operating profitability (EBITDA %) of more than 20%. “Confirming the Group’s more than solid competitive position, Sabaf achieved significant financial results in line with the company’s historical trends in a year characterised by a widespread macroeconomic deterioration, that became more evident in the last quarter – Pietro Iotti, Chief Executive Officer of Sabaf, declared -. During 2018, the acquisition of Okida Elektronic was the first step in the strategy of developing and diversifying the product range and enhanced the Group’s interesting growth prospects.