Introducing the Second-Generation LG Signature Collection

The second-generation LG Signature Collection seamlessly blends the brand’s signature minimalist design with top-tier performance and intuitive AI features. This new lineup includes the LG Signature Side-by-Side Refrigerator with OLED-T Panel, the LG Signature Smart InstaView™ Built-in Microwave, the Built-in Double Oven with Integrated Induction Top, the LG Signature Dishwasher, the LG Signature Washer-Dryer, and the LG Signature Washer and Dryer. The InstaView Side-by-Side smart refrigerator stands out with its innovative OLED-T panel integrated into one of the doors. This display allows you to manage the refrigerator and view its contents without opening the door, thanks to the digital touch interface and Dual InstaView panel. It can also display hologram-like images, merging the virtual with the real in a sophisticated blend of art and technology. For an enhanced ambiance, the refrigerator provides access to a playlist. The ThinQ™ app and AI camera recognize food items, suggest recipes based on available ingredients and user preferences, and track expiration dates. These features simplify grocery management, meal planning, and preparation, transforming the kitchen into a truly connected and dynamic space.

The LG Signature Built-in Microwave Oven and Oven offer diverse cooking options. The microwave oven is equipped with three built-in cameras for real-time cooking monitoring and creating original time-lapse videos. With a 27-inch Full-HD touch display featuring InstaView, built-in speakers, and Wi-Fi connectivity, the microwave oven offers a wide range of entertainment options. The screen also provides access to the LG ThinQ Smart Home dashboard, allowing control of all LG AI devices and compatible Matter and Thread appliances in your home. Additionally, when paired with the oven, the microwave’s LCD display shows the progress of the oven’s dishes, eliminating the need for manual checks.

Beko Europe in Italy

Beko Europe’s Meeting with Italian Social Partners: A Disappointing Update
On November 7th, a long-awaited meeting took place at the Ministry of Industry and Made in Italy in Rome. The meeting, attended by Beko Europe CEO Ragip Balcioglu, was intended to address the company’s operational challenges in Italy. However, the outcome was far from positive.
During the meeting, Beko Europe outlined several significant issues impacting its Italian operations:
* Weakened Consumer Demand: A notable slowdown in consumer demand across Europe has negatively affected the company’s sales.
* Intensified Competition: Increased competition from Asian market players has further eroded Beko Europe’s market position.
* Negative Business Performance: Despite substantial historical investments, the company has experienced negative business performance.
* Structural Overcapacity: Italy’s manufacturing facilities are facing challenges due to structural overcapacity.
These factors have collectively created a challenging environment for Beko Europe’s Italian operations. The meeting with social partners aimed to discuss potential solutions and strategies to mitigate these issues. However, the specific details of the discussions and any proposed solutions have not been publicly disclosed.
As the company navigates these turbulent times, it remains to be seen how Beko Europe will adapt to the changing market dynamics and ensure the sustainability of its Italian operations.officially announced the closure of factories in Poland and the group’s only plant in the United Kingdom, the spotlight is now on Italy where Beko has 4,400 employees, exceeding 5,000 with temporary workers.the historic refrigeration line in Cassinetta di Briandronno (but not the line dedicated to built-in ovens and microwaves); the entire Siena plant (dedicated to the little-selling category of chest freezers) and the Comunanza site engaged in the production of washing machines and washer-dryers, also produced in Beko’s plants in Turkey and in what until the merger was Beko’s only industrial presence in Europe: the Ulmi plant.
In total, according to press sources that followed the event, at least 1,000 jobs are at risk among the 4,400 employees in Italy, excluding temporary workers.

How to Successfully Export and Sell Made in Italy Household Appliances in China

Exporting and selling Made inItaly household appliances in China, the world’s home appliance factory, is no small feat. Yet, Fulgor Milano has achieved this with 70 large showrooms in the most luxurious malls across China—a record for foreign brands. This success story is a testament to the unique craftsmanship of Italian cooking, combined with cutting-edge technologies like IoT, Industry 4.0, and AI.

Fulgor Milano, a brand with a rich tradition, was practically unknown until its relaunch in 2009 by Venetian entrepreneur Gianni Meneghetti. Known internationally, Meneghetti transformed the brand, leveraging his decades of experience as the top subcontractor for built-in cooking appliances. His company, based in Rosà, Vicenza, has been a key supplier of high-end hobs, ovens, and kitchens to luxury brands in North America.

Meneghetti prefers not to be associated with outsourcing, but his approach differs significantly from typical OEMs. He supplies premium products to exclusive brands like Viking and General Electric (o, driven by popular demand. The Fulgor Milano brand, rich with numerous patents, continues to expand globally, offering premium and medium-high range appliances. Whether gas or induction, Meneghetti remains a symbol of traditional cooking excellence.

Midea eyes bigger global market share

Midea Group, the world’s largest maker of white goods by sales, is eyeing significant global expansion of its sales network to encompass 40 countries by 2025.

Fresh off raising US$4.6 billion in Hong Kong’s largest initial public offering (IPO) in more than 3 years the Foshan-headquartered company is looking to markets like Saudi Arabia, Brazil and Africa as part of a focus on burgeoning economies with substantial growth potential, according to Lewis Fu, the company’s president of international business.

The company, which gets almost half of its revenue from overseas markets, relies on outside retail operators in some regions. But it plans to expand its global operations and do a “better job” with its own retail network, particularly in emerging markets where the “growth potential is large”.

“Currently, we have our own sales subsidiaries and organisations in about 30 countries worldwide,” Fu said during a press tour on Thursday. “In the future, we will expand to more than 40.Midea has about 44 manufacturing bases worldwide, half of which are outside China, with more manufacturing facilities “under way in the coming years”, Fu said.

Miele starts selling refurbished electronic parts

According to a UN report, 62 million tonnes of electrical and electronic waste (including old washing machines, PCs, and mobile phones) were produced in 2022 – an increase of 82 % compared with 2010. In most cases, the electronic modules end up dumped along with the appliance, not only resulting in the loss of valuable resources but also damaging the environment. Miele is tackling this problem head on by taking back and refurbishing an increasing number of damaged and broken components. Customers in five EU countries can now choose to have a refurbished electronic module fitted when their appliance requires repairs.

On average, only 22 % of all electrical waste produced is recycled. Most of the components that are not recycled end up on landfill sites or are burned. “We’re fighting back against electrical waste and giving used electronic components a new lease of life,” says Axel Kruse, SVP Customer Service at Miele.

If the electronic modules in a washing machine, a dishwasher or a coffee machine require replacing, Miele service technicians are now able to offer customers the choice of a new or a reconditioned spare part when they attend to make the necessary repairs. Despite costing around a third less than the equivalent new parts, reconditioned parts are still tested to the same strict quality criteria. Refurbished electronic modules can also be used when carrying out repairs covered by warranties and contractual agreements – including when these services are provided by Miele service partners.

Midea Italia inaugurates its new headquarters

Midea has officially inaugurated its new headquarters in Milan at the Bodio Center in the street of the same name. A further important step for the company, which had already moved its operations to Milan at the beginning of 2021.

The inauguration ceremony was attended by Midea Emea President Scott Fu , General Manager Alberto Di Luzio and the management of Midea Italia, as well as the entire staff, which has increased by more than 40% from January 2024 to today

Arçelik publishes its Sustainability Report

Arçelik’s commitment to sustainability is evident under the leadership of CEO Hakan Bulgurlu, a prominent figure in the global climate change dialogue. The group’s newly released Sustainability Report reflects this dedication, especially following the strategic acquisition of Beko Europe, which has positioned Arçelik as Europe’s leading brand.

The company’s “In Touch with Technology” approach is built on three foundational pillars: In Touch with the Planet, In Touch with People, and In Touch with Business. Arçelik pledges to uphold high reporting standards and maintain open and honest communication with stakeholders annually.

The 2023 Sustainability Report showcases Arçelik’s achievements throughout the year and outlines the roadmap for reaching its objectives and adding value for its stakeholders. The report provides a comprehensive overview of the company’s sustainability agenda, targets, and advancements, along with other key ESG metrics. The data and insights presented pertain to the operational period from January 1, 2023, to December 31, 2023, unless stated otherwise.https://www.bekocorporate.com/en/sustainability-report-2023/overview/