Glen Dimplex announces proposals which would close Whiston factory

Operations at the Stoney Lane factory will cease under proposals put forward by the company.

Glen Dimplex says it plans to relocate production following a “comprehensive review” was carried out to ensure a “sustainable future” for the business.

The firm says it has proposed “significant changes to our UK business operations”. If the proposals go ahead, production at the Whiston site will cease and the factory will close. spokesperson for Glen Dimplex Home Appliances said: “We have had to make a difficult announcement to our staff and key stakeholders about our Prescot plant.

“Our proposals to relocate production come after a comprehensive review and are aimed at ensuring a sustainable future for the businessThis includes a proposal to relocate all production to leading international partners to leverage economies of scale and access latest technologies.

“If the proposals proceed, production at our Prescot manufacturing facility would cease, leading to the eventual closure of the site.”As well as being our manufacturing base for Lec Medical refrigeration products and Belling and Stoves cooking appliances, on-site departments at Prescot include payroll, supply chain, technical, administrative and support staff.

“As part of our strategy to lead the UK market we also plan to enhance our customer service offering, taking advantage of the latest consumer engagement technologies and extending field service coverage. We are in discussions with leading UK players in this area to establish the best solution for the business.

“In addition, we propose to simplify the organisational structure of our support functions to align with our revised operating model, and remaining staff would move to a new office facility in the area.

“Regrettably the proposal may lead to redundancies across affected functions. Our immediate priority and focus is our duty of care to colleagues whose roles cannot be moved to other UK businesses within the group and we will be doing everything we can to support them during this time.”

Groupe SEB Results

Groupe SEB maintains its momentum for a return to historical profitability levels. Consumer business delivered solid organic growth in sales, on par with that of the second quarter, driven by innovation initiatives across all our regions. The Professional business posts very good results thanks to record sales in coffee. The Group enjoyed a number of commercial successes in 2023 with, in particular, the roll-out of major contracts, as well as a solid core business. Hence, they confirm the Group objectives for the full year, respectively mid-single digit organic revenue growth and an increase in Operating Result from Activity of at least 10%.” Stanislas de Gramont , Chief Executive Officer of Groupe

EU antitrust approves Whirlpool-Arçelik merger

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.

Haier committed to renewable energy

Haier is committed to achieving at least 60% renewable energy at all their manufacturing sites by 2025. In 2022-2023, they have already reduced our operational emissions by over 20%* through the implementation of a range of energy efficiency solutions at our manufacturing sites.

Haier is delighted to have reached another milestone towards this goal: the installation of a 3.3 MW solar panel at the factory in Jinling, China, which is able to produce 3.6 million kWh per year, covering 15% of the plant’s energy consumption.

Haier will continue to look for new ways to improve sustainability and energy efficiency across all Haier Europe manufacturing sites, as we look forward to contributing to a more sustainable future for business and the planet.

Miele committed the right to Repair

Miele join in Repair day is here, and so is our commitment to a more
sustainable home. In a world where things are often quickly replaced, Miele wants to make sure your appliances stay in great shape for as long as
possible.

That’s why we offer quick and easy troubleshooting support and
make sure our spare parts are available for at least 15 years
through various channels.

Schulthess SustainabilityGo clean. Go green

From 2030, Schulthess will be producing in a climate-neutral way,” said Thomas Marder, Schulthess CEO. “This includes sustainable, resource-conserving products and services as well as efficient processes for a functioning circular economy.”

The current Schulthess Sustainability Report, which is based on the Global Reporting Initiative GRI standard, has been produced on a voluntary basis.

“We wish to show our customers, employees, business partners, shareholders and the public how serious we are about protecting the environment,” said Marder.

Read the Schulthess Sustainability Report here: https://www.schulthess.ch/en/about-us/sustainability/

Electrolux divests the facility in Memphis

Electrolux Group will divest its manufacturing facility in Memphis, Tennessee, USA to a US-based investment company for a cash consideration of 61 million dollar. The agreed divestment follows a previous agreement with another buyer which was not completed.

The agreement includes a due diligence period before closing of the transaction, during which the buyer can terminate the contract. The approximate gain of 50 million dollar from the divestment will be recorded as a non-recurring item, positively impacting the operating income in business area North America, in connection with closing of the transaction.

According ti Electrolux, closing and the positive cash flow impact are expected to occur during the fourth quarter of 2023. The Group’s production in Memphis stopped on June 30, 2022, and the operations have been transferred to the new facility in Springfield, Tennessee

UK watchdog to probe deeper into Arcelik’s European deal with Whirlpool

Britain’s antitrust regulator said on Thursday Turkish domestic appliances maker Arcelik’s proposed purchase of Whirlpool’s appliances business in Europe will be referred for a more in-depth probe.

The deal could reduce choices in the supply of major household appliances and will be referred for a so-called phase-2 investigation unless Arcelik addresses its concerns, the Competition and Markets Authority (CMA) said in a statement.The deal would include Arcelik and Whirlpool setting up a new entity comprising the two companies’ European units, selling small and major domestic appliances and consumer electronics, the two announced in January.Arcelik would own 75% of the company and Whirlpool the remaining 25%.

If the deal were to go ahead, the new entity would be the largest individual supplier of washing machines, tumble dryers, dishwashers and cooking appliances in the UK, where the market is worth over 3.8 billion pounds ($4.61 billion), the CMA said.

AEG launch new cooker hoods

The new AEG 8000 Perfect Illumination Hood unlocks the magical colors of food through masterful lighting. It has several brightness and colour settings that not only cast a more ambient light for a different mood in the kitchen, but more importantly, create a perfect environment for cooking.

Also the new AEG 9000 AutoSense Hood. Its advanced sensor technology can intuitively detect steam, grease and odours and automatically adjusts the fan power to freshen and clean the kitchen air.

Ametek acquires United Electronic Industries

Ametek announced the acquisition of United Electronic Industries (UEI), specialized in the design and manufacture of high-performance test, measurement, simulation and control solutions. “We are excited to welcome United Electronic Industries to the Ametek family – said David A. Zapico, Ametek Chairman and Chief Executive Officer –. UEI is an excellent strategic fit with our Power Systems and Instruments Division. Their innovative solutions nicely complement our existing testing and data acquisition expertise helping broaden our presence serving attractive market segments and applications”. UEI is headquartered in Norwood (Massachusetts) and has annual sales of approximately $35 million. It will join Ametek as part of its Electronic Instruments Group (EIG)