Category Archives: Manufacturing

Taurus New General Manager

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Enric Tria has been appointed new general manager of the Taurus Group for Europe, a position he has held since June 1, 2019 reporting to the CEOs, and from which he will contribute to the consolidation of the Taurus Group, as a benchmark in the PAE sector . Currently a member of the Taurus Group Management Committee, he joined the company in 1996, developing several positions in the commercial area since then until his appointment as commercial director in 2009, contributing to the important international development of the Group.

One of the main objectives set in this new stage is to consolidate the positioning of the company as one of the driving forces of technological innovation in the sector, turning Taurus into intelligent purchasing. A clear example of this strategy is the imminent launch of Mycook Touch Black Edition, a limited edition of its star kitchen robot. This launch will be supported by a 360 communication campaign, which will include TV and online media campaigns.

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Haier , Hoover and Candy brands ,Haier Europe reveals its innovations and commercial strategy

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Haier Europe has recently gathered its clients at the Príncipe Pío Grand Theater in Madrid to present their latest releases of the Haier , Hoover and Candy brands , as well as to share the company’s commercial and communication strategy.

Regarding novelties, two star products of Haier stand out: on the one hand, the side by side model HB25FSNAAA, one meter wide, equipped with technologies such as Fresher Techs and with Iconic Black finish; on the other, stands out the Super Drum washer HWD100-BD1499U1, with capacity of 10 kg of washing + 6 kg of drying, wi-fi connection, i-Refresh, Smart Duo Spray and ABT antibacterial treatment. Both models offer a lifetime guarantee.

For its part, Hoover has presented the folding broom H-Free 500, with autonomy of up to 40 min. and only 70 cm in height.

Candy is still betting on connectivity in all its appliances, from the kitchen with its new wifi oven, going through the cold and even washing, where the range of Rapido washing machines and Brava dishwashers stand out.

The company has also announced the new spot of the Haier brand that focuses on clearly conveying the main benefit of Fresher Techs technology. For Candy and Hoover, the group is committed to a 12-month campaign of visibility in the press, digital media, radio and outdoor. It has also announced the opening of the new commercial office of Haier Europe in the Paseo de la Castellana in Madrid, the sponsorship of Candy in the cooking school “Apetit’Oh!” And the start of a road show that will go to several cities Spanish

China’s white goods output grows over Jan-Apr

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Chinese production of air conditioners, washing machines, refrigerators, and televisions by the country’s home appliance makers increased further during January-April, with output of air-conditioners growing the fastest among the four, rising by 12.5% year on year to reach 75.5 million units during the first four months, according to the latest data released by China’s National Bureau of Statistics (NBS) on May 17.

Gorenje to make 270 redundancies as it reorganises

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Gorenje redundancy

Gorenje to make 270 redundancies as it reorganises after Hisense takeover
Gorenje to make 270 redundancies as it reorganises after Hisense takeover
By bne IntelliNews April 28, 2019
Slovenian household appliances manufacturer Gorenje announced it plans to lay off 270 workers out of the current 4,212 employees as part of its reorganisation and business optimisation process.

Gorenje selected China’s Hisense Electric Co as its strategic partner in May last year as it sought a partner that would support its long-term and sustainable growth and development. Hisense went on to acquire the Slovenian white goods manufacturer.

Following the takeover, Gorenje has embarked on the restructuring that is expected to see 6% of its workforce laid off.

“In early March, Gorenje was transformed from a joint stock company into a limited liability company, in order to simplify its corporate governance and pave the way for more efficient management and decision-making within the group that will thus be better positioned to respond promptly to the challenges and changes in a demanding business environment, to reap the synergies with Hisense, and to cut its operating expenses,” Gorenje said.

The appliance maker added that business transformation will be the priority task in all fields of its operations in the months ahead. Consequently, in April Gorenje started the procedures for reorganising the business processes at the level of the entire group, which also includes new organisation and job systematisation at the parent company.

“As a result of business transformation and restructuring, merging of functions, decreasing the number of management levels, and business optimisation, the number of employees at support services in the Group will be decreased,” said the statement.

Smeg win red dot awards

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The Red Dot Awards jury assigned the prestigious recognitions to three Smeg products: the SFPR9604NR Dolce Stil Novo oven, the TSF03 toaster and the DCF Drip Coffee Machine from the 50’s Style range. Composed by international professional design experts, from different backgrounds, the jury ensures an extended evaluation of the intercultural aspects connected with the winning design projects. Since 70 years, Smeg follows the mission to combine aesthetics and technology, creating appliances that offer both style and functionality. The media support of the Red Dot Design Awards, the inclusion in the Year Book, the Red Dot App, the presence in the Museum of Essen and the “on tour” initiatives will be precious tools for the Italian brand to transmit its values and style.

Arçelik continues to expand its footprint in Asia-Pacific,

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Arçelik continues to expand its footprint in Asia-Pacific, announcing the acquisition of Retail Holdings Bhold BV which is the majority shareholder of Singer Bangladesh, one of the leading home appliances retailers and manufacturers in Bangladesh for $75 million

Founded in 1905 and headquartered in Dhaka, Singer Bangladesh has an extensive product portfolio, ranging from refrigerators to washing machines, televisions to air conditioners. It has top two positions in major product groups as well as the largest retail distribution network in Bangladesh appliance market. Singer Bangladesh has 1,507 employees and it reported 2018 revenues of $164 million. Singer Bangladesh’s reported EBITDA and net income are $20 million (12.4%) and $11 million (6.7%) respectively.

Arçelik has been intensively growing in Asia-Pacific in the last decade with greenfield investments in China, Thailand, Pakistan, and India in a bid to establish a trade corridor along the historical Silk Road.

Koç Holding Consumer Durables Group President Fatih Kemal Ebiçlioğlu said: “This acquisition is another significant step on our Silk Road strategy. Bangladesh is one of the fastest-growing economies in the world, and it will further accelerate in the medium to long term. The market offers huge potential with its expanding middle class and young population. We will combine our global expertise, scale and knowledge with the strong market position of Singer Bangladesh equipped with its strong brand image, for further product developments to grasp the local market needs.”

Arçelik CEO Hakan Bulgurlu said; “Over the next decade, the growth in our industry will come from Asia-Pacific. Singer Bangladesh is a strategic fit for us, and this deal is a unique opportunity to invest in Bangladesh, a market which holds a great untapped potential. Singer Bangladesh has a strong brand heritage, extensive retail network, and a talented management team. We will continue to build on these strengths by pushing new boundaries and creating strong synergies across retail management, production, purchasing and product sourcing. Our mid-term target is to become the market leader in the major product groups

Arçelik to Acquire Singer Bangladesh Operations for $75 Million
Arcelik Logo (PRNewsfoto/Arcelik)
NEWS PROVIDED BY

Arçelik
22 Mar, 2019, 14:53 GMT

Arçelik continues to expand its footprint in Asia-Pacific, announcing the acquisition of Retail Holdings Bhold BV which is the majority shareholder of Singer Bangladesh, one of the leading home appliances retailers and manufacturers in Bangladesh for $75 million

The deal is key to Arçelik’s strategy of creating a continuous and strong presence along the historical Silk Road

ISTANBUL, March 22, 2019 /PRNewswire/ — Arçelik (IST: ARCLK), a leading player in the home appliances industry, has signed an agreement to acquire Retail Holdings Bhold BV which has a majority stake in Singer Bangladesh Limited (SINGERBD), one of the leading home appliance retailers and manufacturers in Bangladesh, to expand its foothold further in Asia-Pacific. Under the agreement, Arçelik’s wholly owned subsidiary Ardutch B.V., will acquire Retail Holdings B.V., the company that controls 57 percent of Singer Bangladesh shares in a deal worth of $75 million.

Arçelik CFO Polat Şen, Koç Holding Consumer Durables Group President Fatih Kemal Ebiçlioğlu, Arçelik CEO Hakan Bulgurlu (PRNewsfoto/Arçelik)
Arçelik CFO Polat Şen, Koç Holding Consumer Durables Group President Fatih Kemal Ebiçlioğlu, Arçelik CEO Hakan Bulgurlu (PRNewsfoto/Arçelik)
Founded in 1905 and headquartered in Dhaka, Singer Bangladesh has an extensive product portfolio, ranging from refrigerators to washing machines, televisions to air conditioners. It has top two positions in major product groups as well as the largest retail distribution network in Bangladesh appliance market. Singer Bangladesh has 1,507 employees and it reported 2018 revenues of $164 million. Singer Bangladesh’s reported EBITDA and net income are $20 million (12.4%) and $11 million (6.7%) respectively.

Arçelik has been intensively growing in Asia-Pacific in the last decade with greenfield investments in China, Thailand, Pakistan, and India in a bid to establish a trade corridor along the historical Silk Road.

Koç Holding Consumer Durables Group President Fatih Kemal Ebiçlioğlu said: “This acquisition is another significant step on our Silk Road strategy. Bangladesh is one of the fastest-growing economies in the world, and it will further accelerate in the medium to long term. The market offers huge potential with its expanding middle class and young population. We will combine our global expertise, scale and knowledge with the strong market position of Singer Bangladesh equipped with its strong brand image, for further product developments to grasp the local market needs.”

Arçelik CEO Hakan Bulgurlu said; “Over the next decade, the growth in our industry will come from Asia-Pacific. Singer Bangladesh is a strategic fit for us, and this deal is a unique opportunity to invest in Bangladesh, a market which holds a great untapped potential. Singer Bangladesh has a strong brand heritage, extensive retail network, and a talented management team. We will continue to build on these strengths by pushing new boundaries and creating strong synergies across retail management, production, purchasing and product sourcing. Our mid-term target is to become the market leader in the major product groups.”

Stephen H. Goodman, Retail Holdings Chairman, President and CEO, noted “The Singer Bangladesh business will benefit significantly from the sale as Arçelik is a much larger and financially much stronger company, with a commitment to and a world-wide reputation in the home appliance sector. Following the sale, Singer Bangladesh will continue to have a royalty-bearing license from SVP Worldwide, the owner of the Singer trademark, to use “Singer” in the company name and the “Singer” brand on its stores, products and services.”

ABOUT ARÇELİK
Founded in 1955 Arçelik has operations in the durable consumer goods industry with production, marketing and after-sales services, Arçelik offers products and services in 146 countries with its 30,000 employees, 21 different production facilities in 8 countries (Turkey, Romania, Russia, China, South Africa, Thailand, Pakistan and India), 34 sales and marketing companies all over the world and 12 brands (Arçelik, Beko, Grundig, Blomberg, ElektraBregenz, Arctic, Leisure, Flavel, Defy, Dawlance, Voltas Beko and Altus). Arçelik is listed on Istanbul Stock Exchange.

De Longhi launches new products

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De’Longhi has just launched innovations in all its brands ( De’Longhi , Braun and Kenwood ), aimed at making life easier for consumers and with the common denominator of innovation.

De’Longhi has presented the Lattissima One coffee machine in black. This Nespresso capsule coffee machine features an integrated milk tank that automatically recognizes the amount of milk needed in the jar to prepare cappuccinos or other combinations at the touch of a button. It has also renewed its range of dehumidifiers, with three models with ecological gas R290. Apart from removing excess moisture, they have a clothes drying function and improve air quality. This gas is also present in the two new portable air conditioning models: the PAC N90 Eco Silent and the PAC AN98 ECO Real Feel.

Kenwood, meanwhile, launches two new accessories compatible with the kitchen robots of the Chef and kMix range: the Pure Juice KAX720PL and the Spiralizer KAX700PL. With the first, you can prepare juices easily with all the nutrients and vitamins of fruits and vegetables. The Spiralizer KAX700PL converts fruit and vegetables into spaghetti of different thicknesses.

Finally, Braun launches two new black and white blenders, the SJ3100. In the category of ironing centers, it relaunches the CareStyle 5 in black and white (IS 5145) with important improvements like the FreeGlide 3D sole, which allows ironing on any fabric and obstacle even backwards.

Whirlpool and its commitment to energy efficiency in its appliances

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Whirlpool’s goal is to improve the lives of consumers by causing the least possible environmental impact in the use of their appliances. For this purpose, in 2014, it established four global sustainability objectives: energy efficiency, water efficiency, zero waste and material transparency. Through accelerated projects and acquisition synergies, the company exceeded the 15% energy efficiency and water targets three years earlier.

According to Niccolò Pietrucci, marketing director of Whirlpool Spain, “for Whirlpool energy efficiency is a daily commitment” and, under this principle, “Whirlpool has developed products with the highest energy efficiency standards”.

A clear example are the dishwashers with Power Clean, awarded this year with the Product of the Year, and that have the A +++ label on many of their models. Some of them also have the Power Dry function, which allows washing and drying the dishes in just one hour.

These dishwashers also incorporate EcoFriendly 6th Sense ™ technology, which offers low water and energy consumption.

Sabaf

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Sabaf S.p.A. is a company that produces components for household cooking appliances. Founded in 1949, 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. In 2001 it took over Faringosi Hinges, an Italian company specialized in the production of hinges for household 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.

Characterized by a strong vertical integration, the Company also manufactures the machinery necessary to produce and assemble its products, thus obtaining maximum optimization in both processes.

Sabaf has been listed on the Milan Stock Exchange

Sabaf totalled a revenue of €150.6 million, up by 0.3% over the same period of 2017 (-2.4% taking into consideration the same scope of consolidation). EBITDA was €30 million (or 19.9% of sales), down by 3.2%, EBIT totalled €16.4 million (or 10.9% of sales) down by 9.4%, and the net profit owned by the Group was €15.6 million, up by 5.3% compared to 2017. The tax rate in 2018 was 24.6%, compared to 16.2% in 2017.
During the fourth quarter of 2018, the worsening of the European and Middle Eastern macroeconomic scenario, only partially offset by the positive tone of the North American market, led to a slowdown in the Group’s sales: during the period, sales revenue totalled €36.2 million, 3.3% lower than the €37.4 million of the fourth quarter of 2017 (-11.7% taking into consideration the same scope of consolidation). The markets most affected by the deterioration of the economic situation were Italy, Turkey and the Middle East. On the contrary, sales in North America maintained a growth rate of around 20%. EBITDA for the fourth quarter of 2018 was €7 million, or 19.5% of sales, up by 2.8% compared to the figure of €6.9 million (18.3% of sales) in the fourth quarter of 2017. EBIT was €2.8 million, equivalent to 7.9% of sales, and 23% lower than the €3.7 million recorded in the same quarter of 2017 (9.9% of sales). During the quarter, the Group recorded in the income statement positive exchange differences of €1.6 million, due to fluctuations in exchange rates with the Turkish lira and the U.S. dollar. Profit before taxes was €4.1 million, up by 16.5% compared to the €3.6 million recorded in Q4 2017. Net profit for the period was €3.2 million, down 29.6% from €4.6 million in the fourth quarter of 2017, when the Group recorded tax benefits of €1.3 million.
Based on the trend in negotiations with major customers and the current limited visibility in a still complex market context, for 2019 the Group estimates that it will be able to achieve sales ranging from €160 to €165 million and a gross operating profitability (EBITDA %) of more than 20%. “Confirming the Group’s more than solid competitive position, Sabaf achieved significant financial results in line with the company’s historical trends in a year characterised by a widespread macroeconomic deterioration, that became more evident in the last quarter – Pietro Iotti, Chief Executive Officer of Sabaf, declared -. During 2018, the acquisition of Okida Elektronic was the first step in the strategy of developing and diversifying the product range and enhanced the Group’s interesting growth prospects.