Posco launches new low-emission steel product

Posco has launched the country’s first low-carbon steel product in line with the steelmaker’s ambitious goal to achieve carbon neutrality by 2050, the company said Sunday.

LG Electronics has become the first client to purchase the newly-launched low-emission steel product for the company’s home appliances production, the company added.

Go tech, and Beyond”: Hisense Echo Its Long-term Commitment to Global Consumers

This year’s World Environment Day theme focuses on solutions to plastic pollution under the campaign #BeatPlasticPollution. Hisense, the consumer technology brand and a major international provider of home appliances, strives to practice environmental protection to reflect its long-term belief in bringing people a better life together with loved ones, through its appliances with cutting-edge technologies through the story of ‘Go tech, and Beyond’. For example, Hisense’s refrigerators and washing machine series carry an efficient system to deliver lower energy consumption. In the meantime, its air-conditioner products with the cyclone-style cleaning system can ensure consumers breathe fresh and healthy air all the time.

‘Go tech, and Beyond’ presents Hisense’s pursuit of providing technological innovation to millions of families globally with high-quality products and bringing excellent experiences to people’s lives.

Fridges and dishwashers packed in reusable plastic?

Large household appliances will have to be transported almost entirely using reuseable packaging by 2030, according to the European Commission’s proposed packaging waste law, a move widely questioned by players in the supply chain.

The EU’s Packaging and Packaging Waste Regulation (PPWR), tabled in November last year, aims to slash unnecessary boxes and wrappings while promoting recycling as well as reuse.

The proposal, which is currently being examined by the European Parliament and EU member states before eventual adoption, has caused anxiety in the retail and logistics sector, which is still in the process of analysing the implications of the Commission’s proposed reuse targets.

But the white goods sector is confronted with headaches of their own.

Under the Commission’s proposal, 90% of packaging used for large household appliances must be “made available in reusable transport packaging” by 2030 when they are placed on the EU market for the first time.

The mandate is contained in Article 26.1 of the draft regulation, which lays down re-use targets for packaging used in the transport of “large household appliances” such as refrigerators, washing machines, tumble dryers, electric fans or air conditioners.

Whether that objective makes sense is open for debate, though.

The provision “is a significant source of concern for our sector”, said Paolo Falcioni, director general of APPLiA, a trade association representing the home appliance industry in Europe.

According to APPLiA, packaging for large household appliances must be functional and protective, to ensure the product is not damaged physically or by humidity during its journey from the manufacturer to the retailer and eventually to the consumer.

Packaging typically used for this purpose include pallets, plastic straps, carboard boxes, and pallet wrappings, some of which “cannot be reused due to technical constraints”, APPLiA said.

“For example, pallet wrapping may become damaged or contaminated with materials that cannot be adequately cleaned, rendering them unusable for future shipments. In other cases, reuse may be possible, but the cost and complexity of returning the packaging to the manufacturer can make it impractical,”

Haier Germany

Haier is delighted to share the news that their new warehouse facilities at our site in Ansbach, Germany have commenced operations!

This marks a significant expansion for Haier Germany, not only do they now have a spacious warehouse and mezzanine area, but they have also incorporated technology rooms and offices into the facility.

The new warehouse enables Hairer to continue our growth, to serve their customers even better and faster, in line with our zero-distance approach.

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.