Vestel and Daewoo partnership

Vestel and South Korea’s Daewoo have agreed to expand their four-year production partnership.

Under the deal, Daewoo washing machines, boilers, refrigerators, dishwashers and televisions will now be produced at the Vestel City in western Turkey’s Manisa, according to a statement by Vestel.

Vestel will develop and produce premium products to meet the market trends and diverse needs of Daewoo Electronics’ overseas customers.

Vestel Group CEO Turan Erdoğan said that they will continue to cooperate with many of the world technology giants.

“Vestel exports its products to 155 countries. We improve ourselves by cooperating with world giants. Vestel and Turkey have made headlines around the world,” Erdoğan said.

“I believe that with its expanded scope, this agreement will be beneficial for both companies. Daewoo Electronics wants to secure a more solid position in the European market by combining its global sales network and marketing capabilities with Vestel’s advanced manufacturing

Nardi

Nardi Electronics Italy will be present at IFA Berlin 2018 , to tell its vision of the future.

Innovation, design, technology, simplicity and functionality, safety and reliability are the distinctive features of each product of the Nardi range and specifically of the concepts displayed at the fair. Features that, combined with the Italian Feeling, make Nardi a company able to keep up with the evolution of taste and the needs of increasingly demanding consumers.

The concept of smart lifestyle , through intelligent cooking, is at the center of the Nardi world, a mix of design and high technology that can be managed and monitored remotely via the smartphone. Products that communicate with each other, which are not limited to the functions for which they were designed but offer the consumer the possibility of making the kitchen a multi-purpose space.

The revolution in the kitchen is the portable SL Nardi induction hob for cooking on the move and beyond. By positioning it, wherever an outlet is available, it allows you to perfectly cook your dishes thanks to its three induction zones with Booster function and to quickly charge the smartphone through the simple support in the appropriate space.

In addition to giving life to the oven, it is possible to remotely manage the air environmental monitoring system integrated in the SL hood , a model with a positionable fireplace, for minimal and clean design and aesthetics, in any environment. The device present in the Nardi hood, and managed by the dedicated App , is able to offer monitoring of at least 16 different environmental parameters that assess the status and air quality of an area of 80m². A unique and innovative opportunity to evaluate the safety and the “state of health” of the environment in which we live.

Using the Nardi “GenerazioneZ” application downloadable on your smartphone as a command interface with wi-fi connection, you can with a simple gesture and at any time, manage and follow wherever you are preparing food during cooking in our “TFT GenerationZ “.

The digital electric oven features Touch Control, PushPush opening, 10 basic cooking functions and 10 pre-set automatic programs and offers a compact and linear aesthetic that makes it a real piece of furniture.

Samsung ramp it up in Poland

Samsung  announced  that it has been ramping up its marketing efforts in Poland where its refrigerators and washing machines take up the dominant share, to make the country a gateway to expand presence in Europe.

The tech giant said the market share of its premium washers priced at more than 700 euros ($813.67) in Poland shot up to more than 60 percent in the second quarter this year, doubled from around 30 percent in the same period last year, thanks to the popularity of its QuickDrive washing machines that reduce the washing time by up to 50 percent.

Its share quadruples that of the second player.

Samsung Electronics also said that it has maintained its leadership in the Polish fridge market since 2012 by accounting for more than 30 percent share. It took just about one year for the firm to grab the largest share of around 30 percent in the built-in fridge market since it first launched the product in March last year.

The company opened a showroom named Cook Story by Samsung in the capital city of Warsaw to allow consumers to experience its built-in home appliances and hold a regular cooking class.

Gorenje drop in profit

Slovenian home appliances manufacturer Gorenje net profit dropped to 400,000 euro ($462,600) in the first half of 2018, from 4.4 million euro in the like period a year earlier.

The below plan net profit was mostly due to harsh macroeconomic conditions, volatility of some currencies, and relatively high raw material prices, Gorenje said in a Ljubljana bourse filing.

Gorenje added it had also planned to sell its unit Gorenje Surovina by the end of June, but the process was not completed.

Gorenje Group generated 602.3 million euro of sales revenue through June, down 3.5% on the year, while EBITDA fell at the same rate to 39.2 million euro.

In the first half of 2018, China’s Hisense Group announced its takeover bid and completed the acquisition of – combined with previously acquired shares – a total of 95.42% of the company Gorenje.

Haier new range

Haier presents its new catalog of white range 2018/19 with a large number of references which include refrigerators, freezers, washing machines and dishwashers equipped with the latest technology. The manufacturer stands out among them, the new models of refrigerators of the Iconic Black range, in black steel colour of great elegance, also counting on the best technologies Fresh Tech. Also the new washing machine Direct Motion with steam function that allows to eliminate the most difficult spots thanks to its penetration in the tissues.

The new Iconic Black range, in natural black steel, whether in its French Door or CUBE Series version, offers a black titanium effect finish, 6 times stronger than traditional stainless steel. Equipped with the latest technological innovations in refrigeration, they have a very exclusive high quality design and add a unique elegance and sophistication to your kitchen. In this way, Haier takes a step forward for those demanding customers.

The Haier refrigerators with Fresh Tech technology are certified by the independent German institute VDE, which recognizes Haier refrigerators as the only ones that keep fresh food up to 2 times more. The CUBE series, adapts to all your needs and offers endless possibilities. They offer excellent results in terms of energy efficiency thanks to its A ++ rating that reduces consumption by up to 40% compared to other models.

The new Direct Motion washers of 9 kg. with steam function, thanks to an exclusive technology it helps eliminate the most difficult dirt stains thanks to its penetration power in the fabrics, being at the same time delicate with the garments. In addition, by relaxing the fibers, it improves by 13% the effectiveness of the detergent and the results of the washing.

It should be remembered that Haier Direct Motion technology washing machines, which have a lifetime warranty on their motor, offer energy efficiency of up to A +++ (-50%) antibacterial ABT technology and a noise level of only 67dB during the centrifugation up to 1,400 rpm.
With Haier Duo Dry, a new washing experience of up to 12 kg capacity is discovered. It is the world’s first washer-dryer with an exclusive double-drum system to perform two independent washing cycles at the same time, separating clothes by fabric or color without waiting, or using the larger drum to the drying mode to wash and dry at the same time.

In this way, the company continues to put technology at the service of the user adapting to our way of life thanks to its constant efforts of innovation. Haier is consolidated in its sector and remains the reference company, with its “Zero Distance” philosophy. Continuously develops unique “smartlife” products, significantly improving their performance, reducing their consumption and satisfying the expectations of users.

Candy new factory

Candy has invested 15 million euro for the launch of a new plant in Turkey dedicated to the production of smart home appliances.
The new production unit is located in Eskişehir, in the North-West of Turkey, where a modern structure covering an area of 13,600 m2 was built and inaugurated a few days ago on a property owned by the Group.
The new factory, where 300 workers will be employed with an annual production capacity of about 800,000 pieces, is born to develop a new high efficiency production process, based on the use of innovative practices aimed at creating smart appliances.
In the new plant, the second production unit of the Candy Group in Turkey, will be manufactured the first dishwasher on the market equipped with Artificial Intelligence and equipped with an internal optical sensor able to identify quantity and type of dishes, automatically suggesting the more appropriate program and the best options for their washing.

Midea

Midea Kitchen Appliance Division is affiliated to Midea Group, one of the largest household appliance manufacturers in China. Founded in 1968, Midea is one of the world’s largest kitchen appliance suppliers with annual sales revenue exceeding $23 billion, the world’s No.1 major appliances manufacturer according reported by Euromonitor[i] and is the world’s No. 1 microwave oven and No. 3 dishwasher manufacturer. It operates three production bases and two R&D centers in China in addition to a production base in Belarus and R&D centers in Bologna, Italy and Louisville, Kentucky.

About Midea

Established in 1968, Midea (SZ: 000333) is a publicly listed, Fortune 500 company, that offers one of the most comprehensive ranges in the home appliance industry. Midea specializes in air treatment, refrigeration, laundry, large cooking appliances, kitchen appliances, water appliances, floor care and lighting. Headquartered in Southern China, Midea is a truly global company with over 126,000 employees and operations in more than 200 countries. The company has 21 production facilities and 260 logistics centers worldwide. After nearly 50 years of continued growth, Midea now generates annual revenue of more than USD23 billion.

Other brands Midea owns

Little Swan is a well-known brand engaged in the manufacture of home appliances, particularly washing machines. It is among the 20 most valuable brands in China, with valuation estimated at 15.02 Billion RMB by R&F Business Ranking 2010. The company was established in 1958, when it stood alone as the first washing machine manufacturer in China. Little Swan was acquired by Midea in 2010.

MDV was created in 1999 under Midea’s Commercial Air-Conditioning (CAC) Division as a professional climatic solution brand for sales via specialized air-conditioning companies. MDV’s brand portfolio (range of products produced under MDV brand) consists of cutting-edge technology and commercial and industrial equipment. These include VRF (variable refrigerant flow) systems, chillers and fan-coils, compressor condensing units, light commercial air-conditioners, used in commercial segment. Focusing on the professional channel for more than 10 years, MDV brand is recognized worldwide as one “professional HVAC solutions.”

Hualing is one of China’s best known and most respected appliances brands. It was acquired by Midea in 2008. It specialises in air-conditioners and refrigerators.

Under the Welling brand, Midea Group excels in motor and driving systems. Welling products are widely applicable for use in the manufacturing of air conditioners, washing machines, refrigerators, dish-washers, small size home appliances and vehicles, and more.

As a joint venture between Midea and Toshiba-Carrier, GMCC develops compressors for the application of air-conditioning and heat pumps. This combined effort features one of the largest manufacturing operations of air-conditioning compressors in the world.

For more information, visit Midea at www.midea.com and www.midea.com/global.

Glen Dimplex jobs cut

Glen Dimplex Home Appliances is planning to cut almost 300 jobs from its 1,000-strong workforce in Prescot, Merseyside. The company says that changes on the High Street have affected sales and that it needs to cut costs and change its product range if it is to remain viable.

In a statement issued on Friday, the company said: “The proposed changes are likely to result in up to 300 potential redundancies over the course of the year, commencing from August

BSH

  • Growth worldwide: BSH sales revenue up in all regions; all brands and appliance categories make gains
  • BSH workforce tops 60,000 for first time, with almost 3,500 new jobs, 1,825 of them in Europe
  • Spending on capital investments and R&D increases again
  • BSH transforming into Hardware+ company – smart home appliances, digital services, Industry 4.0

Munich, March 13, 2018 (BSH) – BSH Hausgeräte GmbH has continued its trend of successes, reporting record sales revenue for the eighth time in a row. In fiscal year 2017, the globally operating, multi-brand company boosted sales to EUR 13.8 billion, growing considerably faster than the market. The worldwide home appliance market gained an average of two percent last year, while BSH sales revenue climbed a substantial 5.8 percent from the prior year (3.5 percent in 2016), thus expanding the company’s market lead as Number 1 in Europe. At the same time, BSH again increased its worldwide expenditures on capital investments as well as on research and development, putting itself on course for sustained growth.

“We’re right on track to achieve our long-term growth targets, while at the same time pursuing the cultural and digital transformation of BSH,” says Karsten Ottenberg, Chairman of the Management Board at BSH. By 2025, the company plans to expand Group sales revenue to EUR 20 billion. The BSH brand portfolio comprises 14 different brands of home appliances all over the world (including Bosch, Siemens, Gaggenau, and Neff). Digital services for smart home appliances, marketed under Home Connect, are playing an increasingly important role. They offer consumers customizable added value, and tap additional sources of income for BSH with new, digital business models.

“The way people live, cook and do housework is changing. We want to remain consumers’ first choice all over the world, so we’re aiming to offer people exciting new possibilities. That’s why BSH continues to pursue its transformation into a Hardware+ company that provides not just excellent home appliances, but an increasing range of digital, individual services,” Ottenberg explains. “It’s why, for example, last year we acquired 65 percent of the shares of Berlin startup Kitchen Stories. This global food platform, whose recipes we’re gradually incorporating into our digital ecosystem Home Connect, lets us offer our consumers new experiences in all aspects of cooking within an increasingly connected kitchen world,” he says. Kitchen Stories is already being used by people in 150 countries.

All regions and brands contribute to record year

BSH sales grew in every region in 2017. In its two saturated markets, Europe and North America, the home appliance company enjoyed slight revenue gains1(Europe: + 2.1 percent; North America: + 0.1 percent). BSH expanded its market share in Europe, consolidating its position as the region’s market leader. In BSH’s other three regions2 it generated double-digit revenue increases in 2017. Performance both in the Asia-Pacific (+ 14.6 percent) and Greater China (China, Hong Kong, Taiwan (+ 14.1 percent)) were especially outstanding. Sales revenue in the T-MEA-CIS region (Turkey, Middle East, Africa and CIS countries) also showed extremely good performance, gaining 14 percent. On a local-currency basis, this BSH region even gained 25.1 percent, benefiting from vigorous sales growth in Turkey (+ 31 percent on a local-currency basis).

Net of currency effects, sales revenue for every BSH brand grew – and in every category of home appliances and services.

BSH workforce bigger than ever

In 2017, the workforce at BSH achieved a new record size. At the end of the fiscal year, the company had 61,856 employees worldwide, about 3,500 more than in the previous fiscal year. The company created new jobs in every region – 1,825 in Europe, some 400 of which were in Germany.

Profitable business performance supports record investment

As in previous years, BSH invested vigorously in the future again in fiscal year 2017. Investments (about EUR 637 million, or about 4.6 percent of revenue) and spending on research and development (about EUR 622 million, or about 4.5 percent of revenue) set new records. Three new factories started operations last year, two in Poland and one in China. Giengen, Germany, the pace-setter in Industry 4.0 excellence for the entire global BSH Group and the industry in general, saw operations start up at one of the world’s most up-to-date, fully connected production facilities within the home appliance industry. BSH also boosted its investments in 2017 in ways to offer consumers a seamless brand and service experience – both online and off. One example: BSH opened numerous brand stores and showrooms both in metropolitan centers like Vienna, Shanghai and Chicago and in growth markets, specifically in booming cities like Cape Town, Marrakesh and Mumbai. The company is also testing services that enable consumers who use heavily frequented social networks (like WeChat in China) to custom-configure their home appliances online.