Category Archives: OEM

Sabaf Group signs a strategic agreement with the Egyptian Group UGT

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Sabaf Group announced its partnership with UGT , a company known for the Unionaire and Premium brands. The positive moment continues for Sabaf Group. After having presented positive half-yearly data, it begins a new phase of expansion with the signing of an important long-term agreement with the Egyptian company.

UGT is one of the leading Middle Eastern manufacturers of household appliances with headquarters in Egypt and production sites throughout the North Africa and Middle East area. In recent years it has recorded significant growth with the Unionaire and Premium brands,The agreement formalizes the supply of components from Sabaf Group to UGT. It ensures that UGT’s appliances continue to feature high-quality, reliable, and innovative elements with a clear roadmap of continuous development for the benefit of UGT’s most loyal consumers. This partnership opens the door to advance in all areas of UGT appliances such as refrigeration, heating, induction cooking developments and small appliances, ensuring UGT gets the best world-class technologies (mechanical/electronic/induction) and an ecological footprint.

Sabaf increased its turnover

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Turnover: +25%. Margins: +47%. Best second quarter in history thanks to new plants in India and Mexico

In the first half of the year, Sabaf increased its turnover by 24.5%, reaching 143 million euros. The trend in sales and the portfolio in the coming months, the company reports to Il Sole 24 Ore , are projecting the turnover towards an all-time record, thanks to the new production units in Mexico and India and to the components for induction cooking.

Sabaf create hinge division

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The three brands Cmi, Faringosi and Mec of the Sabaf Group have joined forces to create the Hinge Division of the Ospitaletto-based multinational, guaranteeing an even broader offer that aims to combine technology, efficiency and sustainability.

Unity is strength everywhere, even in the hinge sector: it improves collaboration, creates new synergies and enables the strengthening of skills. The demonstration comes from Ospitaletto, where the Sabaf Group is based. From the heart of Lombardy came the news that the well-known components multinational has decided to unite the three brands Cmi, Faringosi and Mec in a single division, the Hinge Division, in order to make the offer even more interesting for the market.
For the Brescia-based multinational, this is a truly significant strategic choice. Newly established, the Hinges Division boasts a turnover of around 70 million and already accounts for 30% of the Group’s turnover. Numbers that place it second only to the Gas Division and that allow to look to the future with optimism and confidence. In fact, thanks to the synergy of the various souls that compose it, the Hinges Division of the Sabaf Group is able to meet the demand for products throughout the world market, boasting presidia in strategic countries such as Italy, Turkey, Poland, the United States and Mexico.

China Appliance export increase

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From March 2023 to July 2024, China’s home appliance exports have achieved year-on-year growth for 17 consecutive months.
Data released by the Chinese General Administration of Customs showed that in the first seven months of this year, domestic home appliances exports totaled 409.19 billion yuan, a year-on-year increase of 18.1%, 11.4 percentage points higher than the overall national export growth rate

Askoll China Enhances Facility and Expands Product Range

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Askoll China recently completed the relocation of its facility to a more modern and efficient location. With a 30% increase in production capacity, the company is now poised to expand its product range, including high-efficiency BPM motors and fan solutions for the local market. Strategically situated in the economic heart of Qingdao, our new facility will meet customer needs more quickly and efficiently while maintaining our high quality standards. This milestone reflects our commitment to proactively address market challenges and foster continued growth in the sector.

Vestel Ranks Among Turkey’s Top Three Most Valuable Brands

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Vestel, a significant home appliance manufacturer operating in Turkey, has once again demonstrated its growing market influence by securing a spot among the top three in the Brand Finance study titled ‘Turkey’s Most Valuable Brands’. According to the 2023 results, the company has achieved a brand value of $917 million.

Duygu Badem Uylukcuoglu, the General Manager of Marketing at Vestel, highlighted the company’s pride in its export success, with products reaching 163 countries worldwide. The firm is focused on enhancing user experience through innovative designs and technologies, aligning with its vision to be a global technology company. Uylukcuoglu expressed, “Our experience-focused approach, the sports sponsorships we are proud to pioneer in Turkey, and our corporate social responsibility efforts work towards a more equitable future.”

Whirlpool Corporation Completes Major Milestone

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Whirlpool Corporation today announced the completion of its transaction with Arçelik A.Ş (“Arcelik”). This marks a significant step in Whirlpool’s portfolio transformation and is expected to provide considerable opportunities to maximize value.

The transaction creates a new European appliance company by combining Whirlpool Corporation’s European major domestic appliance business with Arcelik’s major domestic appliance, consumer electronics, air conditioning, and small domestic appliance businesses. Whirlpool Corporation now owns 25 percent of this new entity, called Beko Europe B.V., and Arcelik owns 75 percent¹. Whirlpool Corporation is retaining ownership of InSinkErator and its EMEA KitchenAid small and major domestic appliance business. Separately, Whirlpool also completed its previously announced sale of Whirlpool’s Middle East and Africa business to Arçelik A.Ş.Beko Europe B.V. will have combined revenue of approximately €5.5² billion based on 2023 results. The company will be well-positioned to deliver value to consumers through attractive brands, sustainable manufacturing, product innovation and consumer services.

The transaction is expected to deliver more than $750 million in net present value of future cash flow value, in addition to unlocking $200-$300 million of incremental free cash flow in 2025. Additionally, Holger Gottstein and Gilles Morel, two members of Whirlpool Corporation’s Executive Committee, will be appointed to the board of directors of Beko Europe B.V.

Whirlpool Corporation will focus on its strong positions in the Americas and India, with its No. 1 share position in the major domestic appliance businesses for both North and South America. Additionally, new products, including those from the higher-margin KitchenAid small domestic appliance business, are expected to continue to be a key driver for share and profit growth

Homzest CoffeeOnTheGo coffee maker

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Tired of lugging around bulky coffee makers? Looking for a convenient solution for your daily caffeine fix?
Say hello to the NEW Homzest CoffeeOnTheGo coffee maker! Model: CM1009
Features:
Retro and compact design, space-saving.
User-friendly. Intuitive controls.
Advanced brewing,rich flavor.
Portable, on-the-go convenience.

New CEO of Copreci

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Copreci appointed Javier García San Martín as the new CEO of the cooperative. Until this new role he was Operations and Production director at Ulma Forge Solutions. He worked also as manager in the mechanical design department of Ikerlan Technology Center, and held various positions at Fagor Electrodomésticos. “I am very excited – Javier García San Martín commented –, I am aware that it is a very important challenge, socially and business-wise, and I am willing to work hard so that we all feel part of this project”.

Electrolux factory in Brazil, recently celebrated 25th anniversary

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Electrolux factory in Manaus, Brazil, recently celebrated its 25th anniversary. After it first started out producing window air conditioners in 1998, the factory has reached several important milestones during this time thanks to the hard work and dedication of the team. 
In 2000, the factory started manufacturing microwave ovens and last year celebrated the production of 25 million microwaves. In 2021, it also became one of the first of our plants in Latin America to achieve Zero Waste to Landfill certification, meaning that less than 1% of its waste is sent to landfill.