Whirlpool Corporation announced the result of second-quarter GAAP net earnings (loss). The company recorded 657 million dollar, compared to 189 million dollar, for the same prior-year period. Second-quarter net sales were 5.1 billion, compared to 5.3 billion in the same prior-year period. Excluding the impact of currency, sales decreased 4.5 percent.
We are pleased to deliver margin expansion in a very challenging cost environment, driven by strong North America margins and significant global price/mix improvement during the second quarter – said Marc Bitzer, chief executive officer of Whirlpool Corporation. – Despite these positives, our performance in EMEA was below expectations. As a result, we are taking strong actions to improve our operational execution, and remain confident that we will deliver value for our shareholders in the coming quarters.
Whirlpool North America reported second-quarter net sales of 2.8 billion, compared to 2.8 billion in the same prior-year period. Excluding the impact of currency, sales decreased 2.2 percent.
Whirlpool Europe, Middle East and Africa net sales reached 1.1 billion dollar, compared to 1.2 billion in the same prior-year period. Excluding the impact of currency, sales decreased 12.3 percent.
Whirlpool Latin America reported second-quarter net sales of 852 million, compared to 986 million in the same prior-year period. Excluding the impact of currency, sales decreased 11.4 percent, while Whirlpool Asia result was 428 million, compared to 373 million in the same prior-year period. Excluding the impact of currency, sales increased 14.5 percent.Whirlpool Corporation announced the result of second-quarter GAAP net earnings (loss). The company recorded 657 million dollar, compared to 189 million dollar, for the same prior-year period. Second-quarter net sales were 5.1 billion, compared to 5.3 billion in the same prior-year period. Excluding the impact of currency, sales decreased 4.5 percent.
«We are pleased to deliver margin expansion in a very challenging cost environment, driven by strong North America margins and significant global price/mix improvement during the second quarter – said Marc Bitzer, chief executive officer of Whirlpool Corporation. – Despite these positives, our performance in EMEA was below expectations. As a result, we are taking strong actions to improve our operational execution, and remain confident that we will deliver value for our shareholders in the coming quarters.»
Whirlpool North America reported second-quarter net sales of 2.8 billion, compared to 2.8 billion in the same prior-year period. Excluding the impact of currency, sales decreased 2.2 percent.
Whirlpool Europe, Middle East and Africa net sales reached 1.1 billion dollar, compared to 1.2 billion in the same prior-year period. Excluding the impact of currency, sales decreased 12.3 percent.
Whirlpool Latin America reported second-quarter net sales of 852 million, compared to 986 million in the same prior-year period. Excluding the impact of currency, sales decreased 11.4 percent, while Whirlpool Asia result was 428 million, compared to 373 million in the same prior-year period. Excluding the impact of currency, sales increased 14.5 percent.
Haier new range
Haier presents its new catalog of white range 2018/19 with a large number of references which include refrigerators, freezers, washing machines and dishwashers equipped with the latest technology. The manufacturer stands out among them, the new models of refrigerators of the Iconic Black range, in black steel colour of great elegance, also counting on the best technologies Fresh Tech. Also the new washing machine Direct Motion with steam function that allows to eliminate the most difficult spots thanks to its penetration in the tissues.
The new Iconic Black range, in natural black steel, whether in its French Door or CUBE Series version, offers a black titanium effect finish, 6 times stronger than traditional stainless steel. Equipped with the latest technological innovations in refrigeration, they have a very exclusive high quality design and add a unique elegance and sophistication to your kitchen. In this way, Haier takes a step forward for those demanding customers.
The Haier refrigerators with Fresh Tech technology are certified by the independent German institute VDE, which recognizes Haier refrigerators as the only ones that keep fresh food up to 2 times more. The CUBE series, adapts to all your needs and offers endless possibilities. They offer excellent results in terms of energy efficiency thanks to its A ++ rating that reduces consumption by up to 40% compared to other models.
The new Direct Motion washers of 9 kg. with steam function, thanks to an exclusive technology it helps eliminate the most difficult dirt stains thanks to its penetration power in the fabrics, being at the same time delicate with the garments. In addition, by relaxing the fibers, it improves by 13% the effectiveness of the detergent and the results of the washing.
It should be remembered that Haier Direct Motion technology washing machines, which have a lifetime warranty on their motor, offer energy efficiency of up to A +++ (-50%) antibacterial ABT technology and a noise level of only 67dB during the centrifugation up to 1,400 rpm.
With Haier Duo Dry, a new washing experience of up to 12 kg capacity is discovered. It is the world’s first washer-dryer with an exclusive double-drum system to perform two independent washing cycles at the same time, separating clothes by fabric or color without waiting, or using the larger drum to the drying mode to wash and dry at the same time.
In this way, the company continues to put technology at the service of the user adapting to our way of life thanks to its constant efforts of innovation. Haier is consolidated in its sector and remains the reference company, with its “Zero Distance” philosophy. Continuously develops unique “smartlife” products, significantly improving their performance, reducing their consumption and satisfying the expectations of users.
GE invest in refrigerator plant
GE Appliances plans to invest $115 million in an expansion of its refrigerator manufacturing plant in Decatur that will add 255 full-time jobs and make it a “refrigerator super site” for the company, GE Appliances and state officials announced Friday.
The investment will allow GE Appliances to increase the plant’s production capacity by 25 percent, said Greg Canfield, state Department of Commerce secretary. The announcement was made at the company’s plant on Point Mallard Drive Southeast, in a cafeteria filled with cheering employees.
The plant is the “highest-volume GE Appliances refrigerator plant,” producing GE and Hotpoint brand products, he said.lant manager Renee Story, who has been with GE Appliances for 22 years, said the plant consistently produces more than 1 million top-mounted freezer refrigerators a year, and has weathered downturns in the economy since opening in 1977.
The investment provides greater flexibility at the plant to meet customer demands and “makes the plant’s future more secure,” she said. “We won’t take this investment lightly.”
GE Appliances became a Haier company two years ago.
According to a summary of Haier’s application for tax abatements, the annual average wage for the new jobs is $30,600 a year, not including benefits.There are 993 full-time workers employed by Haier in Decatur, with an annual payroll of $58.5 million,
“This industry is hyper competitive,” said Bill Good, vice president, supply chain network with GE Appliances, and a former Decatur plant manager. “To be successful, you have to be the best at what you do. That’s why we continue to invest.”
There are 993 full-time workers employed by Haier in Decatur, with an annual payroll of $58.5 million,
“This industry is hyper competitive,” said Bill Good, vice president, supply chain network with GE Appliances, and a former Decatur plant manager. “To be successful, you have to be the best at what you do. That’s why we continue to invest.”
The company invested $120 million in the plant in 2012.
GE Appliances is the “fastest-growing appliance maker in the United States,” Good said before the announcement.
Canfield said the move is the company’s latest step to fulfill its strategic goal of becoming the leading appliances business in the country.
He said about 40,000 square feet will be added to the plant and cutting-edge equipment acquired to enable the plant to transition to “a fully interconnected digital factory.”
Gaggenau
Gaggenau will held its third biennial international Sommelier Awards in Beijing, Mainland China, from 16th – 17th October 2018.
The choice of China as location derived from the longstanding cultural heritage spanning over 3,000 years. In addition, according to the company, China is fast becoming a serious contender within the global wine market. “In light of this – they say from the company – Beijing offers the perfect stage to present Gaggenau’s third biennial international Sommelier Awards, and provides an opportunity to highlight China’s rapid progression, as an established wine producing country”.
Following a series of national heats, the winners are automatically entered into the global finals, in Beijing. Candidates from Greater China, France, South Africa, Sweden, Switzerland and the UK, will vie for the opportunity to be named winner of the international Gaggenau Sommelier Awards 2018. The final six candidates will be challenged by an illustrious judging panel, and the event will be closely scrutinised by a line-up of world-wide media. The winner of the Awards will receive official status as a global Gaggenau cultural ambassador, alongside an additional prize – due to be announced in the coming months.
«We are delighted to be announcing the third edition of our international Sommelier Awards – commented Sven Schnee, Head of Global Brand Gaggenau – further cementing our dedication and contribution to educating young wine aficionados from all over the world. In addition, we are thrilled to be hosting the awards in China. With an impressive history in producing wine and an emerging sommelier culture, the choice of Beijing aligns perfectly with the brand’s ambition to cultivate a landscape where the art of wine connoisseurship can thrive.»
Miele C3 cleaner
In the current vacuum cleaner test by Stiftung Warentest (StiWa), the Complete C3 Red EcoLine from Miele obtained a very good result. The test covered 20 vacuum cleaners with a maximum rated load of 800 W; eleven of these featured a dust bag. Among these, Miele was test winner with an overall mark of 1.9 (test 6/2018).
Although power draw on the Miele model is only 550 W, product testers confirmed that suction performance ‘was good to very good on carpets and hard flooring’
. They also noted that Miele product is ‘very quiet on carpeting’. Product handling was also awarded a ‘Good’, along with ‘Suction performance’ and other aspects of importance to users such as the replacement of dust bags and filters as well as carrying and storing the appliance.
«The outcome shows that Miele is seamlessly continuing its success story at StiWa thanks to even more efficient machines» – says Jan-Bernd Rapp, chief product manager at Miele’s German sales subsidiary.
Among models with bags, with respect to environmental properties Miele obtained a mark of 1.1 – thanks above all to its low power consumption (A+ energy efficiency rating), its low sound emissions on carpets and its excellent dust retention capacity. This is partly attributable to the SilenceSystem Plus with its encapsulated motor and sound-optimised floorhead, but is also a result of the interplay between the HyClean dustbag with a useable volume of 3.4 l (largest capacity in test) and the Power Efficiency motor.
BSH Spain
BSH Spain is a benchmark in the Spanish appliance market with brands such as Bosch, Siemens and Balay and has an average workforce of 4,680 people. With seven factories in Spain, a central warehouse and six competence centers develop technologies for the entire Group. Innovation, business excellence and respect for the environment are some of the bases on which its activities are based.
BSH Spain acts with responsibility and always taking into account the impacts that its activity has on society and the environment. For proper control and continuous improvement in matters of Corporate Responsibility, the company has a strategic plan since 2012. It is added to the 17 Sustainable Development Goals of the United Nations, approved in 2015, and added to its path of corporate responsibility .
In 2017, BSH has taken another step to start collaborating with startups that offer proven solutions or knowledge, helping to develop them, evaluate them and adapt them to the needs of a real company. It is a boost to innovation processes through cooperation with the business ecosystem of the environment, taking advantage of the already established links and generating new ones for BSH to consolidate itself as a driving company in the innovation sector.
BSH has begun to transform digitally. By 2030, the company wants to be a leading company in digital services in the connected home. BSH wants to evolve from being an appliance manufacturer to offering, in addition, digital services. However, your appliances will continue to be the basis of the business and the success of the company. Looking to the future, both its products and digital services must continue to be the focus of attraction for users seeking exceptional quality, reliability and reference features.
For 14 consecutive years BSH has led the national ranking of companies in patent applications. There is a large team of people who work on the development of the products to be launched in the future and that generate a large number of ideas that can be protected by patents. All these ideas are analyzed and valued to request only those that have a strategic relevance for the company. In 2017, the company was, according to the activities report of 2018 of the Spanish Patent and Trademark Office (OEPM), the first company in the ranking of patent applicants with 81 first applications.
Haier Russia
Haier Russia has recently inaugurated its new industrial park and washing machine base in Chelny, Tatarstan. The total planned area of the industrial park is 1,270,000 ㎡, and as major product lines including Haier washing machine, refrigerator, water heater and colour TV set being set up in the future. The total investment for the washing machine base is expected to be completed and put into operation before July, 2019, creating 385 jobs directly and over 1000 indirectly for the local market. By that time, the base will be able to meet the differentiated needs of the 140 million users in Russia, leading the new lifestyle of “quiet washing”, “healthy washing” and “smart washing” for 200 million users in middle Asia and Europe.
The construction of the washing machine base symbolizes that the “Three in One” localized development of Haier in Russia has entered a new phase. The industrial park of Haier Russia will enable large-scale development of Haier Russia, integration of supply chains and building of ecosystem. Highly differentiated products, such as Haier kitchen appliance will also settle in the industrial park to provide Russian and European consumers with product solutions based on local design and manufacturing, and offer better experience to users with quicker response.
LG Washing machine with AI
LG have released a washer equipped with its artificial-intelligence system dubbed “DeepThinQ,” which is capable of understanding users’ voice commands.
The South Korean tech giant said the LG Tromm ThinQ washer, F21VBV, is capable of understanding voice-based orders and recommending optimized washing programs for users.
LG Electronics said the new washer is the second home appliance produced by the company that comes with a voice-recognition system, after the LG Whisen ThinQ air conditioner.
The company said once the new product is connected to a WiFi network, it can be activated through a person’s voice and is able to deliver information to users.
For example, a user can ask “LG Tromm, are there any problems?” and the product will respond “there are no issues detected.” Users can also ask the washer about various tips, including how to clean clothes tainted by coffee. Connecting to the latest weather reports, LG said the washer is capable bolstering its drain cycle in case of rain.
LG Electronics said it will continue to release more home appliances equipped with the AI technology to improve everyday lives of its customers.
BSH Italy
Alessandro Micelli has been appointed as new sales director of the kitchen channel at BSH Italy. The manager joins the company after a long career in the consumer service area in important realities such as Indesit/Whirlpool, where he covered relevant functions in the national market and abroad. «I accepted with great pleasure the proposal of BSH Appliances, leader company in the sector with brands of great value. At BSH I will surely have the opportunity to grow professionally, testing my skills in a very exciting sector such as kitchen».
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