Category Archives: Manufacturing

Whirlpool Named Among America’s Most Innovative Companies by Fortune

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Whirlpool Corporation has been recognised on a roster of 300 innovative American companies by the business magazine Fortune

The US-based appliances maker, Whirlpool, has been included among the country’s 300 most innovative companies, along with the likes of Microsoft and Apple, firms perhaps more well-known for their ground-breaking tech. The companies on the list were chosen based on three qualifying categories: product innovation, process innovation, and innovation culture.

“A spirit of innovation is embedded in our culture and we are proud to be named one of Fortune‘s most innovative companies,” said Marc Bitzer, Chairman and CEO of Whirlpool Corp. “With a diverse and growing product portfolio across several trusted US brands, this recognition is a testament to our employees who work tirelessly to create innovative solutions that improve life at home for consumers.”

An innovator for more than 100 years

Founded in 1911, the manufacturer of washers and dryers, refrigerators, air conditioning equipment, cooking appliances and dishwashers has been innovating and bringing new tech to consumers for over 100 years. “From the first electric wringer washer in 1911 to our current line-up of leading-edge home appliances, we are obsessed with developing technology that is purposeful in saving time or eliminating work for consumers,” said Roberto Campos, Senior Vice President of Whirlpool Corp’s Global Product Organisation.

To develop its innovative appliances, Whirlpool looks to its team of engineers and designers. “The best and the brightest engineers and designers, collaborating globally on shared appliance architectures, have been able to unleash innovation in its truest sense and help shape the modern home,” Campos added.

Among the innovations the firm has introduced in recent years are a washing machine able to filter pet hair; a 2 in 1 washer with a removable agitator; a large dishwasher with three-rack capacity, and the air fry functionality it brought to some of its smart ovens operated via an over-the-air update. Continuing on its quest for new cutting-edge functionalities in its appliances range, the company plans to bring Matter support to its smart modelsResponsibility and respect
Beyond its search for novel products with innovative functionalities, Whirlpool continues to look for innovative solutions to accelerate its environmental, social, and governance agenda. A recent example is the firm’s announcement that 29 of its large manufacturing sites around the world have reached Zero Waste to Landfill Gold or Platinum status.

Moreover, the company was recognised by the business magazine earlier this year as one of the World’s Most Admired Companies for the thirteenth consecutive year. The listing comprises the most respected and reputable companies around the world, as ranked by peers within their respective industries.

Goldfish electronics show off at canton exhibition

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Goldfish Electronics, a company specializing in the development and production of home appliances, showcased a wide range of products including household wine cabinets, display cabinets, retro refrigerators, and car refrigerators at the Fair. The company’s innovative technological advancements and top-of-the-line products aim to revolutionize the smart home experience for consumers worldwide.

Goldfish Electronics has unveiled a remarkable wine cabinet at the exhibition, which features an innovative air-cooled structure and industry-leading technology. This technology ensures that the humidity and temperature in the cabinet remain within the optimal range for wine storage. Furthermore, the product incorporates effective vibration and noise reduction measures, providing a tranquil and comfortable experience for users.

“Our company has been dedicated to innovative product design and energy conservation in recent years,” said Monty Wang, Sales Director of Glodfish Electronics. The company has successfully launched numerous serialized products that incorporate top technologies.

Elica partnership with Ilve

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Elica Spa announced Tuesday that it has entered into a strategic partnership with Ilve that will allow the company to grow in the world of home cooking by also marketing induction ovens and hobs.

Ilve is an Italian company specializing in cooking systems that “has distinguished itself over the years for its vocation for innovation and technical wisdom in steel processing, combined with continuous research in the field of processes and technologies. Together with Ilve, Elica will espouse a philosophy of transition to new markets that will bring both companies and expand their business,” said Elica.

Elica’s stock is up 1.4 percent at EUR2.86 per share

YEEDI TECHNOLOGY LIMITED

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Yeedi, established by ECOVACS Robotics Inc, released the yeedi Floor 3 Station (robot vacuum and mop). yeedi established its reputation among global customers with its product reliability and affordability with earlier models. The Floor 3 Station is another surprise yeedi offers this year. As the successor of yeedi’s most recognized mopping robot in Europe, Floor 3 Station combines aesthetics and functions to bring customers a new era of robotic cleaning experience.

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yeedi Floor 3 Station
yeedi Floor 3 Station
“More and more robots are bundled with a station to offer hands-off cleaning experiences. It’s hard to neglect their existence around the house hence product design has become increasingly critical. We also noticed that customers nowadays expect robot vacuums to tackle more cleaning tasks and they find the basic vacuuming and mopping combo subpar.” said Gary Li, General Manager of Sales & Marketing at yeedi, “yeedi brings a new level of cleaning experience with the Floor 3 Station. This is packed with 5100Pa suction and inherited the tried-and-true dual-power mopping system from the mop station released last year. This redesigned model with matching and deluxe design goes with modern aesthetics to bring vitality, simplicity, and elegance to the living space.”

Meet yeedi Floor 3 Station: The ultimate mopping robot just got better – a complete upgrade to yeedi mop station

Where Function Meets Aesthetics
Stop compromising between performance and aesthetics. The yeedi Floor 3 Station features a ceramic white body with rose gold embellishment to liven up your home, its polishing finish oozes superiority at every look and touch, and the responsive lighting on the robot and the decorative one on the station bring vitality into your space.

Restore Your Floor’s Original Beauty
Dual-power spin mopping system mops with force to the floor, even the overnight stains can be wiped off easily. A 5100Pa industry-leading suction sucks up household dirt with ease so your floor will shine bright as new.

Fast Mapping and 3D Obstacle Avoidance
yeedi learns your home layout in 5-10 minutes thanks to the 3D ToF navigation and obstacle avoidance technology. It also dodges daily objects on its way and detects narrow spaces to avoid getting stuck. The 84 mm ultra-slim body enables it to reach more corners.

Wash and Dry the Mops Automatically
yeedi Floor 3 Station washes the mops automatically to make sure they are always clean to perform. And it also dries them with heat when cleaning completes to avoid odor generation.

Price and Availability
yeedi Floor 3 Station is available with a listing price of 799.99€ on Amazon. It is also available over multiple channels: eBay, Kaufland, Manomano, and Allegro

Midea Breaks Ground on Third White Goods Plant in Brazil

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Chinese home appliance giant Midea Group held a groundbreaking ceremony yesterday for its third factory in Brazil, the biggest market for white goods in South America.

With total investment of over CNY700 million (USD102 million) and located in the state of Minas Gerais, the new plant will have an annual production capacity of 1.3 million smart refrigerators, Foshan-based Midea said. It is scheduled to become operational in July next year.

Midea aims to become one of the leading refrigerator brands in Brazil within four years, said Wang Jianguo, vice president of the Chinese company and president of Midea International.

The factory will enhance Midea’s competitiveness in Brazil, according to Felipe Costa, chief executive of Midea Industria do Brasil, the Chinese firm’s Brazilian unit. Midea has great confidence in the Brazilian market and will further raise its investment in the country, he added.

MIDB will run the new plant and sell its products locally and in other South American markets, the parent company noted.

Midea’s two other plants in Brazil include a household air conditioners and microwaves factory in Manaus and a commercial air conditioners plant in Canoas, according to the company.

LG CEO Visits the Key Production Sites

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This month, LG CEO Cho visited the company’s key production bases in Asia, including Vietnam, Thailand and Indonesia, directly looking into key factors of operational advancement strategies, such as quality enhancement, supply chain, cost structure improvement, safety and productivity of vehicle components, home appliances and TVs. Ultimately, the company aims to strengthen competitiveness and growth in key business areas and global markets.

“Let’s further strengthen our market dominance and solidify the foundation for sustainable growth by upgrading our locally-optimized operation methods and providing world-class quality, cost competitiveness and reliable delivery to our customers,” said CEO Cho. “We should look to pioneer future markets with our unmatched innovation and ability to overcome challenges, while holding firm to the belief that opportunities come from delivering exceptional customer experiences.”

The CEO began his Asian tour in Ho Chi Minh City, Vietnam, where he was joined by the heads of LG’s Asian subsidiaries for a management meeting. There, he was briefed on the company’s regional performance and discussed the status of individual markets including Vietnam, which serves as a global production base for LG’s electronic devices and home appliances. He also had in-depth talks with the subsidiary heads on a variety of business matters, such as improving production efficiency, verifying mass production processes for new products, enhancing quality control and boosting growth through mutually beneficial partnerships.Departing Vietnam, CEO Cho headed to Thailand to visit the Rayong factory and its home appliance production lines. Next, he traveled to Jakarta, Indonesia to inspect LG’s Cibitung plant, which has become a major TV production base for the company’s premium product lineups, including LG OLED TVs. After Jakarta, the CEO made a stop in the city of Tangerang, meeting staff and looking over facilities at the local LG plant, which focuses primarily on refrigerator production.

“Our Vietnam and Indonesia subsidiaries now form a complete business structure, having recently added a local R&D subsidiary to the production and sales corporations already in place,” noted CEO Cho, who also called on all subsidiaries in the Asia region to accelerate their business management by implementing active localization strategiesLast year, the company achieved sales of more than KRW 7.8 trillion in the Asian market, continuously increasing sales by about KRW 1 trillion yearly with double-digit growth over the past two years.This year alone, the CEO has already spent more than 150 hours in the air visiting nine countries across North America, Europe, Asia and Central and South America – participating in major events, including CES 2023 and AHR Expo in the U.S.A. and ISE 2023 in Spain, and touring various LG facilities in Mexico, Brazil, Chile and Australia

Electrolux Group seeks alternative buyer to Memphis factory

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The divestment of the Electrolux Group manufacturing facility in Memphis, Tennessee, USA, will not be completed as expected since the intended buyer has failed to proceed to closing. Electrolux Group will now seek an alternative buyer.

As earlier communicated, completion of the divestment of the facility was contingent on various factors. The intended buyer has defaulted on its obligations and the agreement is therefore terminated.

In the now terminated contract, communicated on October 12 and December 19, 2022, Electrolux Group had agreed to divest the Memphis facility for a cash consideration of USD 82.5m (approx. SEK 930m). Production in Memphis stopped on June 30, 2022, and the operations have been transferred to the new facility in Springfield, Tennessee.

Iran’s rise in exports

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The export of home appliances from Iran rose 24 percent in the past Iranian calendar year 1401 (ended on March 20), the director-general of the Home Appliances Office of the Ministry of Industry, Mining, and Trade announced.

Speaking in a TV program, Mohsen Shokrollahi said cooling and heating appliances including evaporative coolers, heaters, and water heaters with a growth of 30 percent, accounted for the lion’s share of the export in the previous year.
“With 30 million dollars value of export, we had also a growth of 82 percent in the export of refrigerators and freezers in the past year”, he added.
The home appliance industry is one of the industries that faced significant production growth in the past year, so it can be said that Iranian manufacturers were able to take a significant share of the market in the production of refrigerators, freezers, washing machines, evaporative coolers, and TV sets, and even in small household appliances, the production status is outstanding.
The official announced that about 600 home appliance production units are active in the country.
Over the past few years, the Iranian government has been following a new strategy for supporting domestic production to neutralize the impacts of the U.S. sanctions while reducing the reliance of the economy on oil revenues.
The home appliances sector has been one of the pioneers in this regard and like many other areas, the production of home appliances has witnessed a significant rise in the past six years.

Electrolux Delivering sustainable business strategy

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Jonas Samuelson, Electrolux Group CEO, and Vanessa Butani, VP Group Sustainability, talk about achieving the Electrolux Group science-based climate target three years ahead of schedule, and how the company managed challenges in 2022 to continue work toward its For the Better 2030 goals. This interview is published in the Electrolux Group Sustainability Report 2022. https://www.electroluxgroup.com/en/delivering-on-our-sustainable-business-strategy-35311/

LG Electronics estimates to log second-highest Q1 profit of W1.5tr

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LG Electronics said Friday it predicted its first-quarter operating earnings at 1.5 trillion won ($1.14 billion), which will likely be the company’s second-highest profit for the January-March period, outpacing Samsung Electronics’ financial result for the first time in more than a decade.Details on each business sector’s estimated figures were not available in Friday’s earnings guidance, but market watchers expect that LG’s key business divisions for home appliances, TVs and vehicle components put up solid results in the January-March period.