LG investment into whitegoods production

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.

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”.

https://www.odul.com.tr/

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,