Italian home appliances and consumer electronics market closed 2023 with a decline in turnover of -6.4%, for an overall market value of 16 billion euros. The sector is experiencing a phase of slowdown in demand, due both to the saturation effect resulting from the record sales recorded in the years of the pandemic, and to consumer concerns linked to the high cost of living and international crises the only exceptions are Major Domestic Appliances (+3%) and Small Domestic Appliances (+0.3%), which remain in the positive area. The most negative sector of all is that of Consumer Electronics which recorded a contraction of -28.7%, while the Home Comfort saw a slight drop in sales (-2.8%).
Arçelik, among the most sustainable companies
Arçelik A.Ş , a multinational appliance manufacturer that operates 12 brands, including Beko , has obtained recognition in the 2024 Global 100 Index by Corporate Knights for the fourth consecutive year. The company has been positioned at number 60 in the index, and in first position in the household durable goods industry.
This recognition reflects Arçelik’s continued commitment to sustainability and its sustained technological investment over the past year.
Arçelik strives to improve all its processes taking into consideration its ambitious sustainability goals for 2030. These include reducing water consumption per product by 45%, increasing the recycling ratio, reusing water to 70% and increasing the proportion of recycled plastic in products to 40%. Along this path, Arçelik aims to invest a minimum of 50 million dollars in energy efficiency and renewable energy projects, as well as make use of 100% green electricity in all factories in the world, taking into account the availability of the countries
Haier cutting workforce at its Romanian factory
Haier, owner of Candy-Hoover group in Europe, will make redundant 400 of its 1,000 employees at its refrigerator factory opened in 2021 in Romania upon an investment of EUR 70 million, out of which EUR 25 million provided by the state through a grant.The factory is located in the Allianso Industrial Park in Ariceştii Rahtivani, near Ploiesti, on 63,000 sqm
Signature kitchen suite arriving in UK
Signature Kitchen Suite (SKS), is set to be launched in the UK this month, with Falmec UK announced as the exclusive distributor.
Falmec UK’s managing director Sean Drumm will be responsible for the brand in the UK market. He is said to have extensive knowledge of the SKS brand from his time as director of Showtime Essential Kitchen Products in Dublin.
SKS, which is owned by LG Electronics, was first strategically introduced into the European market in 2020, but will now be made available to the wider UK trade market for the first time.
LG mycup dishwasher
The LG mycup is a small dishwasher that was presented during CES 2024, pushing the boundaries of what a traditional dishwasher is. It boasts a slim versical structure that is meant to carefully fit into any kitchen small with a small footprint. Specifically, the mycup can be placed where users grab their cups or tumblers to fill up every day.
The dishwasher offers two cleaning programs — Quick Wash and Extra Wash. Both of the processes use a 149-degree Fahrenheit hot water cycle — this ensures that the bacteria is cleaned off. The Quick Wash cycle uses the brand’s bubble jet technology and the Extra Wash program adds air-drying features to both clean and carefully dry the tumbler with the water jet and hot air.
LG Electronics reports profitable 2023
LG Electronics Inc. (LG) achieved a consolidated revenue of KRW 84.2 trillion and an operating profit of KRW 3.55 trillion in 2023. This marks the third consecutive year of record-breaking annual revenue, despite challenges like an economic slowdown and reduced demand.
LG’s core businesses, home appliances, and vehicle components, displayed resilience, maintaining continuous growth for eight consecutive years. The combined revenue for these segments exceeded KRW 40 trillion, a substantial increase from KRW 18 trillion in 2015, now constituting 47.8% of the total revenue..
SharkNinjs new products
SharkNinja’s have announced three extraordinary new products:
🔸 Shark FlexBreeze™, a unique two-in-one cooling tool solution – not just a fan – built for both outdoor and indoor use.
🔸 Ninja FrostVault™, a cooler that redefines the market by offering premium ice retention and first-of-its-kind fridge-temp dry storage.
🔸 Ninja® DoubleStack™ XL 2-Basket Air Fryer, the industry’s first vertical two-basket air fryer that provides double the performance with 40% less countertop footprint.
Whirlpool winner
Whirlpool Corporation has been recognized with two important awards in Spain and Portugal for 2024.
In Portugal, Whirlpool is the #1 Consumer Choice for washing machines and hobs, while also securing second place in the Good Choice Awards for dishwashers.
In Spain, induction hobs with Clean Protect were crowned Product of the Year 2024 – the 7th consecutive year that Whirlpool products have been recognized.
Glen Dimplex Home Appliances (GDHA) will partner with Pacifica
Glen Dimplex Home Appliances (GDHA) will partner with Pacifica to deliver its UK after sales repair and customer service.As part of its wider business transformation strategy, Glen Dimplex Home Appliances (GDHA) will partner with Pacifica, the leading independent provider of Domestic Appliance Repairs in the Major Domestic Appliance (MDA) market, to deliver its UK after sales repair and customer service.GDHA has already communicated its intention to partner with a leading, international appliance manufacturer to deliver a new, high quality product portfolio. Delivering a best-in-class consumer journey is a critical pillar to GDHA’s overall business transformation and the decision to partner with Pacifica meets this key objective.
Undertaking more than 350,000 appliance repairs every year, Pacifica is well placed to support Glen Dimplex Home Appliances’ customers and its long-standing and highly respected brands, Stoves and Belling.
Through this exclusive partnership, the majority of GDHA’s appliance service engineers and regional managers, along with customer service personnel and support staff will be transferred to Pacifica and integrated into its UK workforce.
Currently employing 460, with a team of more than 250 appliance service engineers, Pacifica, which celebrated its 20th anniversary last year, works closely with high-profile brands and insurance providers, delivering repair and maintenance services nationwide.
First Made In Algeria dishwasher.
The Minister of Industry and Pharmaceutical Production, Mr. Ali Aoun, recently honored the Brandt Algeria industrial complex with his presence to mark the official launch of production of the very first Made In Algeria dishwasher. During this working visit, the ministerial delegation was informed of the integration rates, reaching 70% for certain products, and in particular 60% for the dishwasher. These figures illustrate our ongoing commitment to constant improvement and our ability to provide complete solutions to customers. This visit also offered the opportunity to highlight the grandeur of our industrial complex, spread over 110 hectares. Our privileged guests were able to explore our state-of-the-art facilities, from the state-of-the-art production line to innovative storage spaces. “The imposing size of the complex demonstrates our constant commitment and our desire for continued expansion,” declared Mr. Tahar BENNADJI, Managing Director of the Brandt Group. “At Brandt, Producing Algerian is our trademark, and this is why we are working for a thriving household appliances industry, creating jobs and added value.
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