LG Electronics which have become the world’s top white goods supplier will make investments nearly $700 million to increase white goods production this year.
According to LG Electronics’ annual report released Wednesday, it churned out more than 10 million units of each fridges, washers, and air-conditioners in 2021, the record high output for each. Their mixed sales last year recorded 20.9 trillion won ($17.1 billion), more than 3.7 trillion won from a year ago.
The utilization rate at its fridge factory recorded 126.1 percent after the manufacturing unit produced more than eleven million units, above its initial annual production capacity of 9,137,000 units. The utilization rate of its washer and air-conditioner factories reached 106.8 percent and 110.4 percent, respectively.
The factories stayed overworked despite more than one challenges such as chip shortages and higher raw material prices.
Although the corporation published a record-high of 74.7 trillion won in sales last year, its operating profit diminished 1.1 percent on year to 3.86 trillion won due to the higher costs in logistics and raw materials, including steel, resin, and copper that make up core materials in appliance production.
To meet the strong demand for the refrigerators, washers and air-conditioners, LG Electronics will invest 851.9 billion won in its home appliance & air solution (H&A) division to ramp up output, as well as 688.1 billion won and 313.1 billion won in home entertainment (HE) division and vehicle component solutions (VS) division, respectively.
Category Archives: Manufacturing
Elica record growth
Elica BoD approved 2021 Consolidated Results.
“For Elica, 2021 was a record year with an important growth. We are ready to build an exciting future”.
Commented Stefania Santarelli – Elica CFO.
https://www.elica.com/corporation/en/investor-relations/financial-press-releases
Samsung Commitment to India with Investment to Set Up New Compressor Plant
The new facility in Sriperumbudur, near Chennai., spread over 22 acres, will have a capacity to produce 8 million compressor units a year, which will be expanded in the future. Compressors produced at the plant will be used in refrigerators that Samsung manufactures in India and also be exported.
Electrolux on the way to the target of zero waste
Electrolux on the way to the target of zero waste sent to landfill at all manufacturing sites by 2025. During 2021, other seven factories achieved zero waste to landfill certification issued by a third party: at Manaus and Curitiba in Brazil, Adelaide in Australia, Rosario in Argentina, Olawa and Zabrze in Poland, and Susegana in Italy. Together with the factories in Sao Carlos in Brazil, Solaro and Porcia in Italy and Cairo in Egypt that were certified before 2021, 32% of plants are now certified and the Santiago factory in Chile is expected to follow in the first quarter of this year. “Working toward climate neutral operations, doesn’t just involve
working with energy – it involves working with the efficient use of all kinds of resources – says Giuseppe Caiulo, VP Group Operations Sustainability and Lean Manufacturing -. By producing less waste, we can avoid creating emissions – both caused by their disposal and the sourcing of virgin materials”. When one of the Electrolux factories is third-party certified to the Electrolux Zero Waste to Landfill program, it means that it sends less than 1% of its total waste to landfill. Additionally, certified factories must send less than 3% of their total waste to energy recovery.
Ödül Madeni Eşya
Ödül Madeni Eşya is an experienced manufacturer that started its activities in 1973. The company produces household appliances such as gas and electric stoves and built-in cookers. The mottos of the company are “constant customer satisfaction and top quality products” as well as to be “the preference of professionals”.Ödül Madeni Eşya is an experienced manufacturer that started its activities in 1973. The company produces household appliances such as gas and electric stoves and built-in cookers. The mottos of the company are “constant customer satisfaction and top quality products” as well as to be “the preference of professionals”.
GE Appliances investment in USA
✅ $2+ billion invested in the U.S.
✅ 3,000+ American jobs added
✅ 2,800+ new products launched
GE Appliances, are making the investments that matter. And this year at KBIS, GE brought to life their five-year transformation journey and showed customers and guests exactly how they are doing business the GEA Way.
Glen Dimplex acquired SmarterDM
Glen Dimplex, the heating and industrial group controlled by the Naughton family, has bought a UK software business for an undisclosed sum.
The Dublin-headquartered company last week acquired SmarterDM, a Reading company that specialises in systems to help hotels and other large businesses minimise their energy consumption by using software and other technology to control heating.
The deal, which brings a team of 15 software engineers into Glen Dimplex’s orbit, is part of the Irish group’s attempt to reposition itself as a supplier of electrified heating systems to help businesses transition towards more sustainable practices.
Glen Dimplex, which recently negotiated a debt facility with the European Investment Bank (EIB) to help it fund new acquisitions,
Brandt Algeria
At Brandt Algeria, They believe in Algerian know-how! Refrigerators & washing machines are manufactured in our factories, in Algeria, at integration rates exceeding 85%.
A production complex built on 110 hectares and employing more than 4,000 employees.
Find out more http://brandt.dz
Turkey exported 26 million home appliance products last year, topping charts in Europe.
Turkey become Europe’s largest home appliances exporter in 2021, with an 18 percent increase in exports compared to the previous year Turkey exports hit an all-time high of $225.4 billion, with a 32.9 percent surge year-on-year.
Sabaf
Sabaf among the 100 most climate-conscious Italian companies in 2022 in the ranking compiled by “Pianeta 2030”, the Corriere della Sera survey that focuses on objectives such as sustainable development, zero emissions and decarbonisation, in collaboration with Statista, one of the leading digital statistics and business intelligence platforms in the world!
Sabaf S.p.A. is a company that produces components for household cooking appliances. Founded in 1950, today it has more than 650 employees and 5 manufacturing sites in Italy, Brazil, Turkey and China.
The production includes taps, thermostats and burners for gas appliances. The company invests about 3% of its annual turnover in research and development. The design and development of new products complies with the need to create increasingly safer components that permit to reduce atmospheric pollution and to save energy both during the production and the use by the final user
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