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.
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.
According to a UN report, 62 million tonnes of electrical and electronic waste (including old washing machines, PCs, and mobile phones) were produced in 2022 – an increase of 82 % compared with 2010. In most cases, the electronic modules end up dumped along with the appliance, not only resulting in the loss of valuable resources but also damaging the environment. Miele is tackling this problem head on by taking back and refurbishing an increasing number of damaged and broken components. Customers in five EU countries can now choose to have a refurbished electronic module fitted when their appliance requires repairs.
On average, only 22 % of all electrical waste produced is recycled. Most of the components that are not recycled end up on landfill sites or are burned. “We’re fighting back against electrical waste and giving used electronic components a new lease of life,” says Axel Kruse, SVP Customer Service at Miele.
If the electronic modules in a washing machine, a dishwasher or a coffee machine require replacing, Miele service technicians are now able to offer customers the choice of a new or a reconditioned spare part when they attend to make the necessary repairs. Despite costing around a third less than the equivalent new parts, reconditioned parts are still tested to the same strict quality criteria. Refurbished electronic modules can also be used when carrying out repairs covered by warranties and contractual agreements – including when these services are provided by Miele service partners.
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.
AMDEA calls on the next Government to encourage more safe repairs of appliances through reducing VAT on spare parts –
Miele has stated they are welcome the EU Parliament’s decision on the right to repair, which will give even more impetus to the issue of repairability. In most cases, repairing their durable appliances not only helps Miele customers save money on a new purchase, but also contributes to environmental and climate protection by reducing electronic waste and conserving resources.
At Miele, we test our domestic appliances for a service life of up to 20 years. Of course, we cannot rule out the possibility that Miele appliances may become defective, but as repairs are generally less expensive and more sustainable than replacement, Miele maintain an extensive service network with qualified technicians. Miele also stock around 72,000 different spare parts and keep working parts in stock for at least 15 years after a product has been discontinued.Mieles approach is therefore inherently geared towards longevity and sustainability. Miele are not resting on their laurels, however, but are working to make service and repair solutions even better.
Miele hope that the EU directive will be implemented as uniformly as possible in all EU member states in order to minimise the implementation effort for market players
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”.
MEPs adopted measures to stimulate consumers to repair products instead of buying new ones
Access to affordable spare parts for independent repairers and more choice for consumers
EU consumers lose around €12 billion every year by choosing replacement over repair. press release https://www.europarl.europa.eu/news/en/press-room/20231023IPR08160/right-to-repair-incentives-for-consumers-to-repair-rather-
Miele join in Repair day is here, and so is our commitment to a more
sustainable home. In a world where things are often quickly replaced, Miele wants to make sure your appliances stay in great shape for as long as
possible.
That’s why we offer quick and easy troubleshooting support and
make sure our spare parts are available for at least 15 years
through various channels.
The first induction modules manufactured at Copreci Turkey are being shipped
300 million household appliances carry the heart with the Copreci brand
Copreci has spent more than half a century developing components for household appliances that improve the performance of household appliances in order to achieve greater comfort and safety for the end user.
Because Copreci are there, in the soul of the appliance, providing intangible added value, which goes directly to the heart of the user.
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