Olaf Bartsch has announced that he will be stepping down as Executive Director Finance & Administration of the Miele Group in the first half of 2025. His role will be assigned to Stefan Koss, most recently CEO and President North America at BSH. Born in 1971 in Langenhagen near Hanover, he began his professional career in 1999 as a trainee and subsequently in Controlling at BSH. This was followed from 2002 by a series of management positions in the Finance/Controlling department at BSH or at the corporate headquarters of Robert Bosch GmbH. Prior to his current position, Stefan Koss was Vice President Corporate Controlling at Robert Bosch.
Category Archives: Domestic appliance news,
MIDEA AMERICA EXPANDS U.S. RESEARCH AND DEVELOPMENT CENTER
Midea America, a leading innovator of home appliances, is proud to announce the expansion of its U.S. research and development facility at Blankenbaker Station in Louisville, Kentucky. The expansion project will increase Midea’s footprint in Louisville by approximately 400%.
“We are thrilled to expand our presence and our U.S. R&D capabilities in Louisville,” said John Herrington, president of Midea America Corp. “This new facility emphasizes our commitment to growth and innovation in the United States. With the additional space, we will continue to bring innovative products to market that meet our consumers’ needs. We look forward to further investing in this community and creating new job opportunities
LG profit jump
LG Electronics Inc. (LG) reported revenue of 21.69 trillion won (14.4 billion euros) in the second quarter of 2024, up 8.5% from the second quarter of 2023. Operating profit jumped 61% to 1.2 trillion won (0.8 billion euros)
These figures mark a new record in the company’s history as they are the highest revenue and operating profit ever recorded in the second quarter.
Leading the performance were the home appliances and vehicle components sectors, which achieved their highest quarterly revenues to date.Subscription business, which bundles products and services, is also growing. After its success in Korea, LG is expanding this model internationally. Last year, subscription revenue exceeded KRW 1 trillion, and this year growth is accelerating. As of June, 36.2 percent of major home appliances sold at LG Brand Shops in Korea were subscription-based. This business model will now be introduced to global markets. For example, LG has launched LG Rent-Up in Malaysia, offering subscriptions for nine products, including washing machines, dryers and refrigerators
Ninja SLUSHi
The new Ninja SLUSHi™ Professional Frozen Drink Maker. Now, everyone can enjoy their favorite slushies without leaving home thanks to our advanced RapidChill technology, bringing commercial-grade frozen beverages right to your kitchen.
Over 16 months, the Ninja team worked to create an at-home slushie maker that rivals commercial machines found in resorts, restaurants, movie theaters, and convenience stores. This effort led to a core engineering team becoming experts in AC refrigeration, evolving the prototype through eight transformative builds to develop the Ninja SLUSHi
Workers at Glen Dimplex’s Louth plant vote to accept voluntary redundanc
Job losses come as the Irish-owned electrical goods firm plans to merge its Dunleer plant with a facility in China
Electrolux Group divests South African water heater business
Electrolux Group has signed an agreement to divest its water heater business in South Africa under the Kwikot brand for an enterprise value of ZAR 2.4bn (approx. SEK 1.4bn) to Haier Smart Home.
The divestment includes the Kwikot brand and the production facilities for water heaters (geysers) located in Johannesburg, and is part of the previously communicated work to sharpen the Group’s strategic focus by divesting non-core assets.
The sale is expected to be completed during the fourth quarter of 2024 and is subject to regulatory approvals.
Hisense presents its global strategy
Hisense’s overseas revenue has more than quadrupled from $3.5 billion to $12 billion since 2016, Chairman Fisher Yu said
Hisense unveiled its ambitious growth plans at the Partner Conference in Berlin, held on the eve of the Euro 2024™ finals. Fisher Yu, President of Hisense Group , gave a keynote address titled “Beyond Champion, Beyond Glory” to discuss the latest updates on Hisense’s brand enhancement strategy, new product lineup, and user-centric services. Fisher Yu also discussed future plans for optimizing its industrial structure and the brand’s commitment to continued global expansion during his presentation his keynote address, Yu emphasized Hisense’s commitment to developing new features and products based on customer feedback to ensure continued growth in the global market. The company is also working to create smart home experiences with appliances that go beyond individual products and features by more comprehensively considering user use cases through product planning, R&D, and marketing, as well as focusing on platform compatibility and integration options, connectivity, security, and AI, to create smarter products that anticipate and exceed user needs.Committed to global expansion, Hisense is strengthening six local operation centers to support future growth. Building on its existing strong network of 26 R&D centers, 34 industrial parks and manufacturing bases, Hisense’s “Think Global, Act Local” approach leverages local talent and strengthens local R&D, manufacturing and supply chains. This enables Hisense to meet specific local needs with tailored products through global R&D investments.
Falmec: new partnership China
Falmec has kicked off a new partnership in the Chinese market with the opening of a flagship store located at the Macalline Shopping Center in Beijing. In this recently built mall, the Italian company has been provided with a space by Hiseasons, the brand’s official distributor in China. Falmec displays in a showroom of almost 3,000 sqm, along with other premium brands of furniture and household appliances. Among the models on display are the hoods from the Circle.Tech collection such as the multifunctional Spazio, and the decorative Dama and Soffio. But also, Air Wall and Monolith from the Elements collection. These models are joined by Light equipped with Multi-air technology, the Zenith hood from the Silence NRS collection and T-shaped models to satisfy a customer segment with a more traditional taste.
Beko to close UK factory
Beko has announced it is considering the closure of its subsidiary Hotpoint UK Appliances factory in Yate, South Gloucestershire. The move puts approximately 150 jobs at risk.
𝗙𝗶𝗿𝘀𝘁 𝗘𝗚𝗢 𝗿𝗮𝗱𝗶𝗮𝗻𝘁 𝗵𝗲𝗮𝘁𝗶𝗻𝗴 𝗲𝗹𝗲𝗺𝗲𝗻𝘁 𝗳𝗿𝗼𝗺 𝗠𝗲𝘅𝗶𝗰𝗼
The new Mexican E.G.O. site E.G.O. Componentes Electrónicos S.A. de C.V. in Parque Industrial Amexhe (E.G.O. Mexico), the team has good reason to celebrate: the first EGO radiant heating element successfully left the production line. Congratulations to everyone involved for this achievement!
As part of the realignment, E.G.O. Mexico is producing EGO radiant heating elements in addition to electronic products. At the previous site in Querétaro, there was no possibility of increasing the production area.
