EBRD backs Beko Egypt with $50mln loan

The European Bank for Reconstruction and Development (EBRD) will provide Beko Egypt Home Appliances Industries with a senior loan of up to $50 million to finance its first production plant at the industrial city in the 10th of Ramadan City, the bank stated.The loan will be mainly used to fund the construction of the building of the eco-friendly home appliances manufacturing plant as well as the establishment of a research and development center.

The new production facility is projected to commence operations by the first half of 2024

Ufesa participates in Ambiente 2024

Ufesa presents its new products and its wide variety of kitchen and home products in the new edition of Ambiente, which was held from January 26 to 30, 2024 in Frankfurt. The company shares prominence with Zelmer and SDA, other of the group’s brands.

Currently, the firm is working on the development of products aimed at transforming the culinary experience to adopt healthier and more efficient practices. Among the new launches, there are several categories such as coffee makers, air fryers and blenders.

The Sensazione super-automatic coffee machine is a 100% made in Spain product, which stands out for its Safe and Grind stainless steel grinder, its 5 adjustment positions and the tank for lovers of ground coffee. It has Friendly Clean technology that simplifies cleaning and maintenance. Thanks to One Touch, you can select the type of coffee, the quantity and choose 3 intensity levels according to the consumer’s preferences. Likewise, the Capriccio 12 Delux drip coffee maker, with a 12-cup capacity, is equipped with a permanent filter, anti-drip valve and automatic shut-off.

The firm also exposes one of the most successful product categories, air fryers. Some of the models that can be seen at the fair are the Magnum digital air fryer, which is distinguished by its large capacity of 23 l, dual resistance for uniform cooking and 8 preset programs, including rotisserie; and the Inox Eagle air fryer, with a window and interior light in its 6.5 l bucket.

Within the extensive variety of Ufesa mixers, there are models with whisks, cups and kneaders. The Vario range includes a model with an XL foot and features an ergonomic design. In addition, its great power and 4 titanium blades allow you to make creams, smoothies and even crush a block of ice.

The B&B Trends group has a wide variety of high-quality technological solutions with the characteristic seal of European Manufacturing.

Gree Jumps After Chairwoman Declares 2023 Best Year Ever

Shares of Gree Electric Appliances surged after the chairwoman of the Chinese maker of white goods said yesterday that the firm achieved its best annual revenue last year since its inception over three decades ago and the goal is to double that in the next five years The Zhuhai-headquartered manufacturer of air conditioning units and washing machines predicted in late December that its 2023 revenue should stand between CNY205 billion and CNY210 billion (USD28.5 billion to USD29.2 billion), marking the third time of exceeding CNY200 billion and a maximum increase of 10 percent from the year before. Net profit could tally from CNY27 billion to CNY29.3 billion (USD3.8 billion to USD4.1 billion), as big as a 20 percent boost from 2022.

SAMSUNG Less Microfiber

The SAMSUNG Less Microfiber™ Filter captures up to 98% of plastic microfibres. By utilising this product on washing machines consumers are helping to reduce the amount of harmful plastic microfibers that are released into the worlds oceans.
The SAMSUNG Less Microfiber™ Filter works effectively with not only Samsung’s washing machines but also any other brand. It simply connects it to the external drain pipe and the filter’s operation can be monitored separately using the SmartThings App.

Amdea register my appliance

Domestic appliance manufacturers trade association Amdea has announced the launch of Register My Appliance Week, which runs until Friday, January 26.Never miss out on appliance recalls
Be the first to know of any safety repairs or recalls
Improve your after sales service
Keep in touch with upgrade news Consumers can go to registermyappliance.org.uk/registration/ to register their appliances. And it is not only new appliances that can be registered, but also older machines or machines purchased second-hand

TruBlue signs up Smeg

Business management software TruBlue has reached its milestone 500th supplier, with products from appliance brand Smeg now available to its customers.
TruBlue’s customers will now have access to up-to-date prices and information about the Smeg’s products, finishes and colours.brands already on the system, such as BSH, Hoover, Haier, Miele, Caple, Liebherr and Quooker,

LG is introducing the WashCombo

LG is introducing the WashCombo™ All-in-One Washer/Dryer – the newest addition to its line of advanced laundry solutions – in the United States. This new product revolutionizes the laundry experience as a time-saving appliance that boasts high efficiency, bringing us closer to the dream of a Zero Labor Home.The WashCombo seamlessly integrates a washer and dryer into a single, space-friendly appliance. Saving time and simplifying the entire laundry process, LG’s all-in-one runs a complete wash-and-dry cycle in under two hours, with no need to transfer clothes from one appliance to another.1 And thanks to its compact, ventless design with standard 120v plug, the innovative laundry solution offers outstanding installation flexibility and ensures the ideal use of your precious indoor spaceFeaturing LG’s renowned Inverter HeatPump™ technology and Direct Drive Motor, the WashCombo delivers a quiet performance while maximizing efficiency, using up to 60 percent less energy than a vented model.2 Equipped with built-in sensors and AI technology, it can detect fabric texture, soil level and load size, then automatically select the best settings (washing and drying motions, temperatures and more) to provide advanced fabric care and outstanding laundry results. The WashCombo also boasts a 5.0-cubic-foot capacity, so that it can handle larger loads – even a bulky king-size comforter.LG’s latest washer/dryer also presents convenient control with ThinQ™ technology. The ThinQ app offers solutions to potential issues, preventing product misuse and enabling easy maintenance. Through AI Speaker Connectivity, the app also lets you monitor and remotely control your products by simply commanding Amazon Alexa or Google Assistant with your voice. What’s more, you can download additional cycles and access Smart Diagnosis and customer support4 through the app, enhancing the overall user experience and making life – and laundry – much easier.



With LG’s groundbreaking product, you can bid “farewell” to the hassles of laundry past and say “hello” to a brand-new era of efficient