BSH plans further investment in China

BSH Home Appliances Corp., the German home appliances manufacturer, is upbeat about the Chinese market and plans to add more investment in digitalization-themed innovation in this massive market in the coming years. Alexander Dony, BSH’s chief sales and marketing officer, said the Munich-headquartered group will increase its investment in multiple fields, including research and development and artificial intelligence, in the country in the next stage.

“Our new research and development center in Nanjing, Jiangsu province, has more than 800 engineers, making it the largest comprehensive R&D center for our group in the world. Currently, about 90 percent of our products are developed and produced locally,” he said.

Entering China in 1994, BSH to date has established two production bases in Chuzhou, Anhui province and Nanjing, and runs a China R&D center and an Asia-Pacific data exchange center across China. It supplies products ranging from cooking appliances and dishwashers to laundry products and cooling products .

Elementi di Cucina launches a new line of modern and classic induction cookers

Elementi di Cucina launches a new line of modern and classic induction cookers, with and without extraction, under the name NovaCucina. This line combines unique features to provide users with the best cooking experience. They are available in classic, modern and standard variants, in 5 colours, including the trend colour.

The NovaCucina line of induction cookers are available in no less than five different color options: high-gloss black, matte black, white, stainless steel and the trend color pine green. Each color gives the cooker a unique look and allows users to choose the cooker that perfectly matches the style of their kitchen.

With the unique Dual Control knob and touch control for the induction cooking area, users offer optimum ease of use. This function gives the user the option to control the induction zones both with a robust knob and with touch controls on the glass.

The 89 liter ovens in the NovaCucina cookers are equipped as standard with luxury functions such as telescopic guides, core temperature measurement, rotisserie and Smart Touch oven controls, making cooking a breeze. With an A+ energy rating, the ovens are energy efficient, saving you money while you prepare your favorite dishes.

All NovaCucina cookers from Elementi di Cucina are produced locally in the Netherlands, which ensures high quality and durability. The cookers have the largest cooking surface and provide ample space for preparing meals, making them perfect for both home and professional chefs.

The cookers are expected to be available from Q3 / Q4 this year

Midea in numbers

Revenues: $50 billion growth in Q1: profits equal to 8% of revenues and colossal investments in R&D. group presents its 2022 financial statements together with the first quarterly report for 2023. In 2022, the company’s total turnover reached 345, 7 billion Yuan (about US$50 billion), an increase of 0.7% year on year. However, net profit of 29.6 billion yuan (8.6% of revenue) increased by 3.4% over the previous year.

In the first quarter of 2023, Midea increased its revenue by 6.3% and its profit by 12% compared to the same period last year.

Founded in 1968, Midea is not only a leader in the household appliances sector. Its five business segments are smart home, building technology, electromechanics, robotics and automation, and digital innovation. It has spent nearly 50 billion yuan at its 35 R&D centers over the past five years. It has 35 major manufacturing bases around the world.Midea exports 41% of turnover (up in 2022 as domestic market shrinks) and ranks first in China in terms of market share for several product categories both online and offline, including air conditioners, ovens countertop microwaves, countertop ovens, electric stoves, induction cookers, electric kettles, etc. One out of three air conditioners sold in China is made by Midea

Midea Confirms It Has Made Takeover Bid for Sweden’s Electrolux

Midea Group has confirmed a media report that said the Chinese home appliance behemoth has made an initial takeover approach for Swedish competitor Electrolux.

“A deal is being discussed, but no decision has been made yet,” the investor relations department at the Foshan-based company said. A public relations officer at Electrolux China declined to comment.

Midea is exploring the potential acquisition of Electrolux, Bloomberg News reported on April 30, citing people familiar with the matter. The Chinese firm has made a preliminary approach in recent weeks about a possible deal, but Electrolux has not been receptive to the proposal so far, the sources added.

The acquisition would help Midea make up for its weaknesses in the mid-to-high-end markets overseas, an industry insider told Yicai Global.

Regardless of the outcome of Midea’s approach, global home appliance giants are moving production to European and American countries such as Mexico and Türkiye, so Chinese home appliance makers will have to improve their global industrial chain positioning, said Zhou Nan, secretary-general of the home appliances branch of the China Chamber of Commerce for Import and Export of Machinery and Electronic Products.

Midea and Electrolux joined hands in 2016 to bring German kitchen appliance giant AEG to China and acquire the white goods business of Japan’s Toshiba. In 2017, Midea bought its first stake in Kuka and then acquired the remaining 5 percent it did not yet own in the German industrial robot maker last November.

Electrolux owns the Electrolux, AEG, Zanussi, Frigidaire, Eureka, Flymo, and Husqvarna brands. It ranks fourth with around a 10 percent share of the western European market, according to a research report.

The Swedish firm reported a 3.6 drop in operating revenue to USD13.4 billion last year from 2021, with 34.5 percent of the total coming from Europe and 34.9 percent from North America. It turned a SEK4.7 billion (USD462.2 million) net profit into a SEK1.3 billion net loss in the period.

Midea posted CNY343.9 billion (USD49.7 billion) in operating revenue for 2022, up 0.8 percent from the year before, and CNY29.6 billion (USD4.3 billion) in net profit, a 3.4 percent increase.

Greaidea to launch new hood

Greaidea to launch new model of Rangehood,
Big suction, low noise,

Over 20 Years Of OEM & ODM Experience In Gas Hob, Gas Water Heater and Range Hood

– Established in 2000, the past over 20 years witnessed great chances of our product, R&D, quality level, and service as well. From now on, Greaidea has its own two production bases with over 500 employees, covering 100,000㎡. In order to meet the growing marketing needs, we have equipped with 6 assembly lines for gas hob and range hood, 3 assembly lines for gas water heater.

Miele harvests the sun’s power from Gütersloh roofs

Miele further expands self-sufficiency in green electricity. At its headquarters in Gütersloh, the company is currently installing the second-largest roof-top PV array in the town, comprising around 2,400 PV modules. The installation will have a total output of around 900 kWp and will generate more than 750,000 kWh of electricity per year – sufficient to power some 250 households, each with an annual average consumption of 3,000 kWh. Construction work has already commenced, with the facility expected to enter service this year..

Midea Electrolux

Have you heard the news? Recently, Midea Group (China’s largest appliance maker) rumored a proposed a US$3.6 billion acquisition of Electrolux. This might have come as a surprise to some consumers who are more familiar with Electrolux than Midea, but there’s no denying that this is an incredible move by Midea.
Contrary to popular belief, Midea is actually a much larger company than Electrolux – with a market capitalization of US$58 billion. This acquisition will further strengthen their position in the global market and give them access to new technologies and markets around the world.

Electrolux Sao Carlos factory

Electrolux have investing heavily in our Sao Carlos cooking facility in Brazil has led to considerable sustainability gains. The new state-of-the-art process for enameling the ovens has reduced the water consumption from 6.6 liters to 1.8 liters per produced oven. For the consumer, the welded cavity in the built-in ovens means that the appliance uses around 30% less energy to preheat. At the same time, integrated features such as the air fryer and steam function also enable users to enjoy more sustainable cooking and healthy living. The result? The built-in ovens from the Sao Carlos plant are receiving a high star rating from consumers – an impressive 4.7 on a five-point scale.

As New York bans gas stoves, GE Appliances goes to court to 

The parent company of GE Appliances is mounting its defense in one of the first cases over the safety of emissions from gas stoves – a lawsuit that does not allege any physical injury.The same day New York banned gas appliances in new residential buildings, Haier US Appliance Solutions, which purchased GE Appliances in 2016, filed a motion to dismiss a proposed consumer class action on May 3 in San Francisco federal court. Lawyers at Dovel & Luner sued Haier in March, arguing plaintiff Charles Drake would not have purchased or paid as much for his gas stove if he had known its emissions were harmful.Drake’s and a similar case, brought by the same lawyers against BSH Home Appliances Corporation, were filed in March after media coverage of gas stove emissions exploded. The U.S. Consumer Product Safety Commission has said it is considering regulation that many feared would lead to a ban on gas stoves.The CPSC is not planning imminent regulation, Haier says, having instead sought public comment to further investigate.”Thus, although recent news articles have speculated about an association between gas stoves and various health concerns, these claims remain disputed and the subject of ongoing research,” the motion to dismiss says.”Yet, according to Drake, GEA should be held liable for not cautioning against use of its own properly functioning product or redesigning its product to reduce energy use.”CPSC Chair Alexander Hoehn-Saric said in January his agency had no intention of banning gas stoves and was simply “exploring new ways to address health risks.”However, New York isn’t waiting around for federal guidance. The state passed legislation that bans natural gas and other fossil fuels in new residential buildings, prohibiting appliances like gas-powered stoves and furnaces.Should GEA challenge New York’s ban, it could use a similar defense that it is employing in the Drake class action. In its motion to dismiss, GEA says the regulation of natural gas stoves belongs to the federal government under the Energy Policy and Conservation Act.

New Electrolux Group study: Europe turns to 30° wash, driving down CO2 emissions

35 million European households have made the switch to washing at 30°C since 2020. That’s just one of the highlights from our latest pan-European report ‘The Truth About Laundry 2023’ which focuses on resource efficiency, and in particular energy usage.The Truth About Laundry report 2021

To help people create more sustainable habits in laundry care, we need to understand current attitudes and behaviors when it comes to how people care for their clothes, and to what extent people consider the environment. In 2021, we commissioned our first The Truth About Laundry report to give us powerful insights to drive change.Read the report here