The Electrolux Group’s Adelaide factory has been recognised in the South Australian Climate Leaders Awards for their continued commitment to climate change.
The Adelaide factory which manufactures kitchen ovens was adjudged the winner of the Large Enterprise category.
Electrolux is the only large whitegoods company still manufacturing in Australia, employing approximately 450 local workers.
Gree Electric held the “Gree Refrigerator and Washing Machine Life Appliance Strategy Conference” in Hebei on August 2. Chairman and President Dong Mingzhu revealed at the conference that Gree is developing an air conditioner that “does not require electricity.” The development of this technology began in 2012 and has gone through more than a decade of innovation and improvement
Singhagiri Ltd. a leading company in Sri Lanka for consumer durables, with a heritage of over 50 years, is excited to announce that the addition of CANDY products to its portfolio. CANDY is a leading European appliance brand, whose refrigerators and washing machines will be sold exclusively by Singhagiri
Morphy Richards is set to launch a groundbreaking new product – the world’s first certified ductless portable air conditioner. Prior to its official launch, this innovative product is already bringing cooling air to athletes in the Paris Olympic Village during the hot summer days.
Morphy Richards is introducing an array of new products in 2024, with the ductless portable air conditioner being a notable highlight. Adhering to their mission of “Innovate for enlightening progress,” Morphy Richards aims to enrich people’s lives with more joy by blending human-centric insights with smart design. The innovative portable air conditioner will make its debut on Kickstarter in early September this year and will also feature at the IFA Tech Show 2024 in Berlin
Elica continues to invest in its future but the present, or perhaps it would be better to say the recent past, does not yet reward the courageous efforts of the Fabriano company. In the first half of 2024, turnover fell by 6.3% but on closer inspection the second quarter (- 4%) went better than the first quarter.
What has improved? Production for third parties (OEM) which grew by 9.3% in the second quarter also in the Engines segment thanks to new customers in America and sales of own brand products also in America. The weakness of demand depresses sales and margins especially in Europe and the Middle East where Elica generates 80% of its turnover. In the Cooking division, own brand sales fell by 10% between the first half of 2024 and that of 2023
“In the ventilation sector, market shares have increased. However, the margin declined from 10% in the first half to 7% in the second half. The company attributes this drop to a negative price mix and intense promotional activity, as stated in their press release. Additionally, the accounts for the first half were impacted by significant investments in rebranding, product repositioning, and participation in Eurocucina. Despite these challenges, the EBITDA decreased from 14 million in the first half of 2023 to 5.1 million in 2024. On a positive note, the margin appears to have improved from 1.5% in the first quarter to 2.8% in the second quarter,
The Group achieved an expansion in turnover of more than 10% also in the second quarter, benefiting both from the consolidation of the professional coffee area and from the continuation of positive trends in the core categories. Over the last few months, we were able to successfully capitalize on structural coffee market growth, further increasing our market share, as well as meeting consumers’ new needs in the nutrition and food preparation segment, also thanks to the recent launches of new products that are increasingly focused on a consumer approach to a healthy diet”, commented CEO Fabio de’ Longhi. revenues of € 1,423.7 million, up by 10.3% (+3.5% on a like-for-like basis and +4.2% on a like for like
basis and constant currencies);
o adjusted2 Ebitda at € 204.7 million, equal to 14.4% of revenues (compared to 12.4% achieved in the first
half of 2023);
o net income pertaining to the Group of € 106.2 million, up by 28.4%;
o free cash flow before dividends and acquisitions of € 74.3 million.
In the second quarter:
o revenues of € 764.9 million, up by 11.0% (+1.5% on a like-for-like basis, with the household business
excluding comfort segment growing by +6.9%);
o Ebitda adjusted at €110.9 million, equal to 14.5% of revenues (marked improvement from 12.5% in 2023);
Net financial position as of June 30, 2024 was positive by € 305.3 million, after the net absorption of € 326.8
million in relation to the closing of the business combination between La Marzocco and Eversys.
BSH Opens First Refrigeration Factory in Mexico
State-of-the-art production facility starts operations in Monterrey, Nuevo Leon, after 18 months of construction
Home appliance manufacturer produces large double-door refrigerators for the North American market
BSH is investing around 220 million euros and plans to create around 1,500 skilled jobs in the region with the factory
Europe’s leading home appliance manufacturer, BSH Hausgeräte GmbH, is expanding its global production network and will be manufacturing in Mexico into the future. In Monterrey, in the state of Nuevo Leon, large double-door, so-called French Door Bottom Mount refrigerators are now coming off the production line. The appliances produced under the Bosch and Thermador brands are specially tailored to the needs of consumers in the North American market.
Shares in Arcelik are down 3.54% after Turkish household appliances manufacturer reported Q2 loss
Arcelik reports Q2 net loss of 432.4 million lira ($13.04 million) compared to profit of 1.61 billion lira year ago
Japanese shoppers are increasingly turning to used products when shopping for appliances due to the high prices of the latest models. The falling yen has made new iPhones, for example, less affordable for some consumers, leading to a growing secondhand trade in Japan Panasonic sells returned or display models that have been repaired and inspected. They offer a one-year guarantee on home appliances and discounts of up to 20 percent. Additionally, Panasonic leases items through a subscription service and plans to expand the range of products available through this service. The company’s commitment to sustainability is evident in its decision to repurpose products that were previously discarded due to defects, contributing to environmental protection. Similarly, the Hitachi Group and major electronics retailer Yamada Holdings also offer recycled products for sale, with Yamada planning to further expand its offerings by establishing its own repair factory. It’s heartening to see these efforts to promote sustainability and affordability in the consumer electronics market.
Midea’s Ice Cocoa series mini refrigerator with a capacity of 116 liters is now available on JD.com. It supports dual-temperature independent freezing areas.The product provides 116 liters of storage space, including 16 litres of freezer spaceAnd 100 liters of ice drink space / dairy space / fresh fruit space. In addition, the product is equipped with an independent storage drawer to effectively block the evaporation of water vapor and reduce the loss of water in fruits.
