Introducing our brand new range of dishwashers, Haier I-Pro Shine Series 7, that sets new standards in the areas of design, performance, and usability.
Haier I-Pro Shine Series 7 dishwasher has an impressive A-30% energy rating and is the most spacious dishwasher currently available on the market. Additionally, it offers 60% higher cleaning performance due to the advanced H-Spray Arm and Cutlery Shine Plus systems
Stefan Koss is the new president and CEO Region North America of BSH Home Appliances Corporation where he is responsible for driving the company’s growth and managing business operations. Koss most recently served as VP Controlling, M&A and Risk Management, Corporate, at Global Headquarters Robert Bosch GmbH, parent company of BSH Home Appliances Group. He began his career in the management program at BSH Home Appliances’ corporate office in Munich gaining cross-functional commercial training and exposure across various divisions and sites. His BSH tenure also includes a variety of strategic leadership and business administration roles in several regions including Europe, China, and North America.
Koss’ previous North America positions include Director of Business Administration for US Manufacturing Operations in New Bern, NC, from 2006 to 2009 where he played a pivotal role in transforming the manufacturing facility from an engineering-centric location to a market-oriented, sustainable organization. He then moved to the Region North America headquarters in Irvine, CA, from 2009 to 2012, serving as Chief Financial Officer and Executive Vice President, where he was responsible for overall business support and governance.
In his new position, Koss also serves on the Board of Management for Region North American, joining Jesus Egido, Chief Financial Officer, as well as Chief Technology Officer Andy MacLaren, both longtime BSH executives with 25 and 21 years of service respectively. We are honored to have Mr. Koss join BSH Home Appliances Corporation, Region North America, as president and CEO and lead our organization’s growth – Egido said -. His extensive experience within the global network of BSH companies and Robert Bosch will further advance our aggressive growth strategy here in North America.
InSinkErator has introduced the next generation of its waste disposals. Completely redesigned to grind more types of food waste and do so quietly, the new Power and Advance Series products feature the company’s re-engineered MultiGrind and SoundSeal technology. InSinkErator has also simplified the installation with the new EZ Connect technology. “Providing products for cleaner, fresher, more sustainable kitchens has been our focus for more than 85 years – said Joe Dillon, president –. Now, we’re proud to take the next step in combining our easiest installation technologies with our quietest and most advanced grinding technologies that will make disposing of food waste and leftovers quicker and easier than ever”. The new garbage disposals have been designed to grind food waste into finer particles that easily flow through household pipes, giving homeowners more confidence to use their garbage disposal without fear of plumbing issues.
Bertazzoni has been included in the Register of Historic Italian Companies, sponsored by the National Union of Chambers of Commerce. «The presence in this prestigious national archive – the company commented – which collects the historic enterprises of our country, confirms the value and importance of Bertazzoni in the Italian historic and business panorama and helps to further enrich the company’s storytelling, consolidating its role as a protagonist in the industrial history of our country».
Three are the mail pillars that made the history of Bertazzoni: Family, Food and Engineering. They guided the design and development of excellent products since 1882. One of the first industrial trademarks registered in Italy, Bertazzoni is the oldest family-owned household appliance company in the world.
The brand has evolved over time, adapting to the needs of the most demanding cooking enthusiasts and making the most of the engineering culture, design and gastronomic tradition of a territory to which it is closely linked.
Elica turnover -14% in the first 9 months but margins hold up.The good performance of own brands does not compensate for the continuous slowdown in OEM orders in cooking and recently also in heat pumps Board of Directors of Elica SpA approved the results as of 30 September 2023. Revenues fell significantly: 360 million which means -14% compared to the first 9 months of 2022. The weakness of cooking continued, aggravated by a significant slowdown in the heating motors segment.
In this context, Elica managed to defend the margin which remained at 10.4%, no small achievement for an industrial company. In fact, EBITDA fell consistently with sales: -13.4%. The same goes for profits: 9.6 million, i.e. 13.3% less than the first 9 months of last year. Debt did not increase compared to the previous quarter: 47 million.
Cooking: – 14%
The Cooking division, which represents 77% of total turnover, recorded a decline of -14.6% (-13.7% at constant exchange rates and scope). The destocking phase in the OEM area continues , recording a significant double-digit contraction. In other words: Elica’s client brands do not sell and therefore produce less and do not buy components. Elica’s own brands perform better than the market and are more profitableDespite a persistent negative scenario, we proactively and quickly addressed unexpected challenges, integrating these variables into our managerial style, rather than playing defense. The actions and projects launched, both at product and distribution level, will give us the possibility of restarting at double speed as soon as the market becomes receptive again and – even in the event of a still difficult scenario – they will be further levers to pull to start again to grow ” declared Francesco Casoli, President of Elica.
As previously communicated, Staffan Bohman has announced that he will not be available for re-election at the Annual General Meeting 2024. The Nomination Committee proposes that Torbjörn Lööf is elected as new Chairman of the Board at the Annual General Meeting of AB Electrolux on March, 27, 2024.
Torbjörn Lööf is Board member of Husqvarna AB, Essity Aktiebolag, AB Blåkläder and Mercer International Inc. During the period 1989-2020, Torbjörn Lööf has held several senior management positions within the IKEA-sphere. Among other positions, he has been CEO of Inter IKEA Holding, Inter IKEA Systems and IKEA of Sweden. He has also held senior management positions at IKEA in Sweden and Italy and been Chairman and Board member of numerous IKEA-companies.
Torbjörn Lööf is born 1965 and is a Swedish citizen.
Torbjörn Lööf has a solid background within the IKEA-sphere with extensive experience of working with a strong brand, global supply chains and strategic ability to develop and successfully adapt the business in a changing global environment as well as experience as Board member of public companies. It is the opinion of the Nomination Committee that this makes him very well suited as Chairman of AB Electrolux to lead the company’s ongoing work to sharpen its strategic focus to grow profitably in selected home appliance categories in the mid- and premium segments and enable return to good results and profitability levels and achieving the company’s financial targets.
The Nomination Committee’s complete proposal will be presented in the notice to the Annual General Meeting 2024
The European Antitrust has approved the merger of Whirlpool ‘s activities in Europe with those of Arçelik into Beko Europe . European Commission officials believe that the union of the former Whirlpool EMEA brands with Turkish ones does not lead to dominant positions.
The start of the operation announced in January 2023, however, must wait until the spring of 2024 when the English Antitrust Authority will complete its in-depth investigation having detected in an initial analysis the risk of a significant reduction in competition, especially in some areas of the market .
Whirlpool confident of a ‘green light’ also from London
Hailing the EU Commission’s decision, Whirlpool said it was confident that the CMA, at the end of the investigation, would also agree with the assessments expressed at the European level. However, the operation will be carried out, at worst, giving up access to the English market for some brandsThe Whirlpool-Arçelik operation in brief
Subject of the agreement: The agreement includes Whirlpool’s 38 European subsidiaries and 9 production sites in Italy, Poland, Slovakia and the United Kingdom, as well as Arçelik’s 2 production plants in Romania and its 25 European subsidiaries. Together, this will result in a production capacity of approximately 24 million white products per year.
Contractors . Shareholders of the new company are Whirlpool Emea Holdings LLC and Ardutch, a wholly owned subsidiary of Arçelik, a Dutch holding company through which Arçelik controls its activities in Europe. The deal will see both Ardutch and Whirlpool transfer their European subsidiaries to new Chinese company Beko Europe.
Subdivision of shares. After these transfers, it is expected that 75% of the new company will be allocated to Ardutch BV and 25% to Whirlpool. The final post-closing ownership ratio will be determined taking into account the parties’ respective 2022 EBITDA, net asset values, net debt and net working capital.
TIME has named our GE Profile Smart Mixer to its list of Best Inventions of 2023! Each year, TIME recognizes groundbreaking inventions that are making the world better, smarter, and even a bit more fun.
Glen Dimplex Heating & Ventilation, a leader in electrical HVAC solutions, and RKW, a leading European distributor and manufacturer of domestic appliances, are pleased to announce an agreement that will see the transfer of the renowned water heating brands, Redring and Burco.
This agreement aligns to both company’s strategies with GDHV’s ongoing commitment to focussing on their portfolio of brands and technologies in the electric heating and ventilation categories, and RKW’s continued expansion plan into new product categories that complement core operations.
Ian Stuhldreer, Interim Commercial Director for GDHV says “We believe that this transition will enable new opportunities for growth in GDHV’s core categories, and we are confident that under RKW’s stewardship Burco and Redring will continue to evolve while maintaining the high standards of quality and innovation that have become synonymous with these brands. I would like to take this opportunity to express my sincere gratitude to our customers for supporting these brands whilst they were part of the GDHV family.”
For RKW, the agreement comes at an exciting time as the business continues to grow.
Rob Sutton Managing Director of RKW says “We are delighted to welcome Redring and Burco to RKW’s stable of leading brands. We feel privileged to be taking over recognised leading brands with real heritage in their respective markets.”
“RKW has a talented team with a proven track record of brand building. Our team will ensure the high service levels established by GDHV are maintained as we look to grow the brands and product ranges. We look forward to working with customers who have loyally supported Redring and Burco in recent years.”
Please note that Glen Dimplex Ireland have a distribution agreement in place with RKW to continue to sell product on the Island of Ireland.
The new LG Electronics television campaign dedicated to the world of Side by Side LG InstaView refrigerators kicked off this week .
The television campaign is part of a broader communication campaign , which will also have variations on digital and social platforms, aimed at consolidating brand and product awareness.
The campaign is developed around the concept ” LG InstaView: the refrigerator made to look inside ” which refers to the peculiarity of the InstaView technology which allows, with two simple touches of the hand on the darkened glass panel, to look inside the refrigerator without having to open, thus avoiding unnecessary dispersion of cold air which is the basis of poor food preservation.This useful function was created precisely to deal with a very widespread habit: opening the refrigerator door and keeping it open for a long time while waiting to check its contents, decide what to eat, which foods to buy… that is, the bad habit created basically by the protagonist of the commercial, filmed while, motionless, he stares at the inside of the refrigerator without being able to make a decision
