The CEO of Arcelik, one of the world’s biggest home appliance makers, told Xinhua recently that China is a bright spot for business amid global recession fears and an increasingly gloomy market outlook.
Speaking of the present headwinds against the world economy, Hakan Bulgurlu said, “we will have to go through a lot of pain before it gets better.”
China, however, is “a little bit of a different picture,” he said in a video interview with Xinhua.
Established in 1955, Arcelik is a Turkish multinational household appliances manufacturer headquartered in Istanbul. With 45,000 employees, its global operations include subsidiaries in 53 countries, 30 production facilities in nine countries.
Arcelik’s domestic sales in China have grown by roughly 80 percent in 2022.
“I find China one of the more promising places to be in the future. It has always been the factory of the world, and I think it will continue to be the factory of the world,” said Bulgurlu.
“The world economy has significantly slowed down, and we are facing a recession on many fronts,” said the Turkish businessman, who had lived in Hong Kong for 13 years.
Calling himself “a big fan” of China and Asia, Bulgurlu said he is optimistic about the business performance in the future Chinese market. “I think demand for appliances continues. We want to continue investing in China to actually bring our brands in.”According to Bulgurlu, four product groups, namely heating and cooling, refrigeration, lighting and electric motors, consume about 40 percent of all power. Many current technologies have made these production much more efficient.
“We need global regulations to make us use the best available technologies in all of these product groups to reduce power consumption,” he said.
Regarding the upcoming COP27 meeting, he said “I hope to make some progress and talk not only with policymakers but other CEOs as well.”
“I actually admire China in the sense that when China makes a decision, it follows through very, very fast,” Bulgurlu said.
OMG India wins integrated media mandate for Electrolux
Omnicom Media Group India has been appointed to manage the Integrated Media mandate for Electrolux – a Global leader in home appliances. The directive will involve creating end-to-end media solutions for the business and accelerating its growth journey in the market.
With its agile, client-first approach that helps businesses thrive today and into the future, OMG was the natural choice for Electrolux as they look to strengthen their footprint in the country. Leveraging the agency’s analytics and insight-driven tools, the Swedish powerhouse is set to make waves with its range of premium products in the Indian market.
Recently marking its entry in India, Electrolux is a leading global appliance company that has shaped living for the better for more than 100 years with its elegant Scandinavian design coupled with innovative technology across Electrolux’s range of Care, Taste, and Well-being appliances.
The brand has ambitious growth targets in India complemented by its cohesive omnichannel approach and optimism for sustainable and better living experiences for its customers. Electrolux’s sustainable product portfolio is designed to meet the dynamic demands of modern consumers which includes air purifiers, air conditioners, washing machines, vacuum cleaners, refrigerators, dishwashers and dryers, coffee machines, warming drawers, cooker hoods, hobs, and ovens.
Halo Appliances
Domestic appliance company based in Leamington Spa has secured a six-figure investment from a German company as part of a new European distribution deal for its cordless vacuum cleaner.
Halo Appliances’ agreement with production company BranoFilter comes as it enters the latter stages of its first investment round. The business has so far raised more than £300,000 through a crowdfunding campaign.
Hisense USA
After debuting its 2022 lineup at CES, Hisense USA provider of attainable premium, high performance televisions and home appliances, announces the availability of its ranges, completing the brand’s first ever full kitchen suite for U.S. consumers. The spacious, stainless steel freestanding ranges boast powerful burners and a versatile oven cavity, offering a variety of premium features such as Air Fry, Fast Preheat, Convection, and more. The new lineup makes it easy for families to bake, air fry, proof, roast, dehydrate, broil, and cook their favorite meals. The ranges include Hisense’s two-year industry-leading warranty and are available exclusively at Lowe’s.
Dometic launches new wine fridge that fits in drawer
The Swedish appliance brand is expanding its interior appliance portfolio with an award-winning compact wine cooling drawer, aptly named Dometic DrawBar.
With a five bottle capacity and integrated design, this patent pending innovative product will be available in the European market in Q4 of 2022, the company says.
According to Dometic, DrawBar is a new home appliance that offers the functionality of a full-size wine cooler in an elegant compact design.
New household appliances by Changhong leverage latest technology
The range of products by Changhong includes 5G eco-friendly household appliances, as well as Mini LED TVs, air conditioners, refrigerators and washing machines. Changhong is considered to be a specialist in the fields of the internet of things (IoT), artificial intelligence (AI), big data and 5G segments, areas of expertise which inform the company’s production of smart household appliances.
Standout household appliances from Changhong include the Eva model air conditioner, apparently the first in the world that can support multiple languages as well as offline voice control. Changhong says the device “promises a better interactive experience with its support for eight languages alongside voice activation even in locales with no internet access.”
There is also the Dazzle UVC air conditioner, which uses a dual LED lamp, as well as a non-scale antiviral filter. Said filter works to disrupt bacteria, reportedly reaching 99.2% sterilisation. The air conditioner offers a high temperature of 58°C, in addition to self-cleaning and mould removal features.
The company’s updated Space Pro refrigerator is another key takeaway from the range. The Space Pro Refrigerator offers 3D double curved glass doors, along with GLS integrated technology. With a slick build that does not take up much floor space, the refrigerator also can reportedly activate the water molecules in the food that is stored in order preserve their freshness.
Along with its household appliances, Changhong also revealed its latest curved screen monitor and commercial display screens
Haier and Gree decent profits
Gree Electric Appliances and Haier Smart Home, two leading Chinese white goods makers, both logged decent profit in the first three quarters despite a slump in the overall market.
Gree reported a 17 percent jump in net profit in the first nine months from the same period a year ago to CNY18.3 billion (USD2.5 billion), while revenue advanced 6.8 percent to CNY147.5 billion (USD20.3 billion), according to the Zhuhai, southern Guangdong province-based company’s latest financial report released yesterday.
Haier posted a 17.3 percent gain in net profit over the period to CNY11.7 billion (USD1.6 billion) while revenue surged 8.9 percent to CNY184.7 billion (USD25.3 billion), the Qingdao, eastern Shandong province-based company said the same day.
This is despite China’s home appliance market slumping 6.1 percent in the nine months ended Sept. 30 year on year to CNY510.3 billion (USD70.4 billion), according to Beijing-based market research agency All View Cloud. The sales of major home appliances such as refrigerators, air conditioners and washing machines have tumbled while that of emerging products such as cleaning robots and dishwashers have picked up.
Haier was able to increase its share of the global market in the first three quarters by improving its overseas market layout through more new high-end brands, it said. The company’s continuous digitization has improved the user experience and operational efficiency, enabling steady growth despite a tricky external environment.
Gree’s profit growth was boosted by the acquisition of a 30 percent stake in Zhejiang DunAn Artificial Environment, a core component supplier for air conditioners, earlier this year. Dun’An’s net profit doubled in the first three quarters year on year to CNY702 million (USD96.6 million).
But other major home appliance manufacturers are seeing growth stall. Midea Group’s net profit climbed 4.3 percent over the same period to CNY24.5 billion (USD3.3 billion) while revenue gained 3.4 percent to CNY271.8 billion (USD37.3 billion), the Foshan, Guangdong province-headquartered company said on Oct. 28.
Welcome to Casa Bertazzoni, San Francisco
Transport yourself to the Design District of San Francisco, home of Bertazzoni’s first flagship experience center in the United States. Celebrating 140 years of proud Italian tradition, innovation, and design, Interior Design Magazine joined Valentina Bertazzoni to get a behind-the-scenes look at the new Casa Bertazzoni.https://youtu.be/eZYbYhTLAGs
OPSS intervenes on dangerous Glen Dimplex gas cookers
Office for Product Safety and Standards (OPSS) has intervened to ensure that more than 66,000 dangerous Belling, New World and Stoves gas cookers which pose a carbon monoxide poisoning risk will be made safe through a modification programme.
Parent company Glen Dimplex Home Appliances (GDHA) has agreed to visit every home containing the affected cookers, to implement a technical modification to the appliance so that operation of the gas grill is safe. The company is required to contact all affected users. Information about the models and consumer advice are available on the company’s websites:
OPSS analysed product safety data which revealed certain models of Glen Dimplex gas cookers with a separate gas grill have an inherent carbon monoxide risk putting consumers in danger. Affected cookers do not comply with the General Product Safety Regulations 2005 and the Gas Appliances (Enforcement) and Miscellaneous Amendments Regulations 2018.
Until their cookers are made safe, GDHA and OPSS are advising those using the affected models to ensure they always leave the grill door open when in operation.
Office for Product Safety and Standards Chief Executive Graham Russell said:
“The government’s top priority is to ensure the safety of the British public. Glen Dimplex has agreed to undertake this modification programme following our investigation. OPSS will monitor the programme to ensure it is carried out successfully. Until their products are made safe, we would urge users to ensure the door is always kept open when the grill is in operation.”
Polti new irons
Polti has enriched its range of irons with two new models: “La Vaporella” XT120C and XM84C. There are two distinctive characteristics in common: the first one is the 10-year guarantee on the boiler with patented “No calc longlife Boiler” technology, which prevents the negative effects of limescale for a longer life of the iron and without maintenance. The other distinctive feature is the multidirectional rounded plate (patented) with 360° Fluid curve technology, designed to iron more easily and comfortably. The new models boast the ECO function, which allows water and energy savings. Other pluses of these appliances are: 6 preset programs that automatically combine temperature and steam power, Steam Pulse function that allows the steam to come out automatically at regular intervals, without having to press a button, unlimited steam autonomy, auto switch-off, removable tank, LED with indicators on the handle etc. Both models are ready to use in just 2 minutes.
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