LG Electronics India Ltd. announced the commencement of construction of its new manufacturing facility in Sri City, Andhra Pradesh.The new plant is expected to commence operations by the end of 2026.
The facility will manufacture a diverse range of products, including AC compressors, refrigerators, washing machines and air conditioners.
10-year loan strengthens capital structure and supports strategic development
Agreement with SACE, Italy’s export credit agency and insurance-finance group, fully owned by the Ministry of the Economy and Finance. enhances opportunities for Italian supply chain partnerships and economic cooperation.
Midea has finalized its acquisition of the Teka Group (excluding Teka Rus LLC), announced in June 2024 after receiving all necessary approvals.
Teka Group operates in over 120 countries with brands like Teka, Küppersbusch, and Intra, holding strong positions in kitchen and bathroom markets across Europe, Asia, and Latin America. It has 10 factories and employs around 3,000 people, recognized for innovation, quality, and design.
This acquisition combines Midea’s technology and manufacturing strengths with Teka Group’s 100-year brand heritage and global presence. The aim is to provide consumers worldwide with more comprehensive home solutions.
Midea’s support will enable Teka Group to strengthen operations, expand product lines, and enter new categories, reinforcing its three main brands.
Jian Fu, President of Midea International Business, expressed delight in welcoming Teka Group, stating the combination will deliver innovative solutions and added value to customers globally
Polish BSH Factories Shine in Global Production Awards! ✨
Once again, the exceptional talent and dedication within BSH’s Polish plants have been recognized on a global stage. In the recent internal Production Awards competition, three Polish factories triumphed, showcasing groundbreaking projects that are truly transforming ways of working. 💡⚙️ 🏆
Leading the way, the washing machine factory clinched first place in the Organizational Culture category. Their winning project focused on fostering greater diversity within the internal transport department. Through proactive initiatives, they successfully adapted the majority of positions to be suitable for women. The remarkable results include enhanced diversity, a more positive and inclusive work environment, and a significant boost in workplace safety! 💪
Adding to Poland’s success in the same Organizational Culture category, the dryer factory secured a well-deserved place in the TOP 3. Their team revolutionized the approach to work safety by implementing the ABRA matrix. This initiative sparked over 400 improvements, fostered complete team engagement, and demonstrably elevated safety standards – a testament to their sense of responsibility and proactive approach! 🏭
Furthermore, the Wrocław oven factory earned a spot in the TOP 3 of the prestigious Factory of the Year category. This recognition celebrates the remarkable coherence between their vision, mission, and daily operations. Thanks to the collaborative efforts of the entire team, and the exceptional dedication of section managers, they successfully achieved strategic objectives, even in the face of challenges.
At Homa, manufacturing isn’t a backstage operation—it’s the heart of our vision. Factory N°9, the newest production hub, is more than a facility; it’s a living system of care, precision, and innovation. Adding 1.4 million units to their yearly capacity, it strengthens our position among the Top 4 cooling appliance manufacturers globally.
Designed for premium no-frost models, Factory N°9 incorporates cutting-edge automation, digitalisation, and energy efficiency. As CEO Michael Yao states, *“We’re not just building refrigerators; we’re building trust and delivering excellence.”*
More than machines, this factory embodies design thinking. Its adjacent Living Campus underscores our commitment to wellbeing, featuring gardens, gyms, and riverside walkways.
At Homa, don’t just produce—we co-develop. By collaborating with global partners, we create refrigerators that blend technical excellence with brand identity and user-focused innovation
Dong Mingzhu, widely recognized as China’s “home appliances queen,” has been re-elected as chairwoman of Gree Electric Appliances, a position she has held for the past 13 years. However, as part of the company’s efforts to refresh its leadership team, the 71-year-old has stepped down as president.
Gree Electric Appliances, headquartered in Zhuhai, announced yesterday that Dong will continue to serve as chairwoman for her fifth three-year term, while Zhang Wei, aged 49, will take over as the firm’s new president.
Having started her journey at Gree as a sales representative, Dong has dedicated 35 years to the company, rising to the role of president in 2007 and chairwoman in 2012. Under her guidance, Gree has evolved from a manufacturer of air conditioners into a diversified conglomerate with ventures in smart equipment, industrial robotics, and new energy sectors. The company now boasts annual revenues exceeding CNY200 billion (USD27.4 billion)
Haier Europe, our driven by a vision of a sustainable future, where renewable energy powers our world and reduces their environmental footprint.
committed to sourcing 60% of energy from renewable sources across all production facilities by 2025, and reducing Scope 1, 2, and 3 emissions, in line with the Science Based Targets initiative.
The journey towards sustainability is accelerating through large-scale solar panel installations in Turkey, China, and Italy. The industrial hub in Turkey now meets 100% of its energy needs with clean electricity, while the Jinling plant in China generates 6.24 million kWh per year from solar panels, covering 20% of its energy consumption
Shanghai Court has sanctioned four Chinese companies for producing espresso machines that closely resemble Slayer models in a major boost for Cimbali Group Judges recognised that similarities between some design elements, including the distinctive X-shaped side supports, had caused consumer confusion between genuine Slayer Espresso coffee machines and models produced and marketed by the counterfeit Chinese companies.
The four unnamed Chinese companies were ordered to immediately cease producing and marketing machines with designs and packaging that could be confused with the Slayer brand. They were also ordered to pay damages and legal fees.
Gazprom, the Russian gas giant, is planning to produce washing machines and refrigerators at the former Bosch plant near St. Petersburg. This move comes as a response to the decline in gas exports to Europe and the absence of a new contract with China. Production is expected to commence later this year
KGAL GmbH & Co. KG (KGAL) and BSH Home Appliances Group have signed a major long-term green lease ahead of schedule for the “Aviva” office complex in Neuperlach. Covering 60,000 m² of gross floor space, this is Munich’s largest leasing deal in five years.
BSH plans to transform its headquarters into a modern campus featuring customer experience spaces, product showcases, and training facilities.
“This ensures sustainable use and long-term profitability,” said Dr. Christian Nieraad of KGAL. Dr. Matthias Metz of BSH added, “We’re creating an inspiring and innovative workplace that strengthens Team BSH.”
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