The Turkish White Goods Manufacturers Association (TÜRKBESD) has raised alarms about the potential repercussions of ongoing anti-dumping investigations on essential materials such as stainless steel and sheet metal. These investigations could lead to increased production costs and inflation.
Taxes on crucial materials, including stainless steel, sheet metal, and polystyrene, which constitute 17-18% of production costs, might elevate product prices by 5% and diminish international competitiveness.
This scenario could shrink Turkish manufacturers’ global market share and export capacity. In September, Turkey’s domestic white goods market experienced a 15% decline
How to Successfully Export and Sell Made in Italy Household Appliances in China
Exporting and selling Made inItaly household appliances in China, the world’s home appliance factory, is no small feat. Yet, Fulgor Milano has achieved this with 70 large showrooms in the most luxurious malls across China—a record for foreign brands. This success story is a testament to the unique craftsmanship of Italian cooking, combined with cutting-edge technologies like IoT, Industry 4.0, and AI.
Fulgor Milano, a brand with a rich tradition, was practically unknown until its relaunch in 2009 by Venetian entrepreneur Gianni Meneghetti. Known internationally, Meneghetti transformed the brand, leveraging his decades of experience as the top subcontractor for built-in cooking appliances. His company, based in Rosà, Vicenza, has been a key supplier of high-end hobs, ovens, and kitchens to luxury brands in North America.
Meneghetti prefers not to be associated with outsourcing, but his approach differs significantly from typical OEMs. He supplies premium products to exclusive brands like Viking and General Electric (o, driven by popular demand. The Fulgor Milano brand, rich with numerous patents, continues to expand globally, offering premium and medium-high range appliances. Whether gas or induction, Meneghetti remains a symbol of traditional cooking excellence.
Vanguard investment in Whirlpool
Vanguard Group Inc, a prominent investment firm, expanded its portfolio by acquiring an additional 25,958 shares of Whirlpool Corp a leading home appliance manufacturer. This transaction increased Vanguard’s total holdings in Whirlpool to 5,502,792 shares, reflecting a significant investment at a trade price of $107 per share. This move is part of Vanguard’s ongoing strategy to diversify and strengthen its investment portfolio
Banning gas stoves in new homes
Oxford city council has announced plans to ban gas stoves in new buildings by 2025. It’s part of the English city’s ambition to build all new developments to run without fossil fuels
Haier targets India growth
Pending government approval, Haier’s joint venture aligns with its growth strategy to meet India’s rising demand.Haier Group is planning a joint venture (JV) with India’s JSW Group, aiming at a proposed investment of Rs 1,000 crore. Sources indicate that Haier has submitted its proposal to the Indian government, as required under Press Note 3 of 2020, which mandates government approval for investments from countries sharing land borders with India. The application is currently under review by an inter-ministerial committee headed by the Home Secretary.
Rommelsbacher new dehydrator
The trend towards self-sufficiency and the conscious handling of food continues unabated. More and more households are discovering traditional preservation methods such as drying. With the new DA 650 dehydrator, Rommelsbacher is launching an innovative device that was specially developed for small households.
The little one is really huge!
Despite its compact external dimensions of just 29 x 43 x 27 cm, the DA 650 impresses with a generous drying area of 0.5 m². This means that even in small households, a wide variety of foods can be gently dried and preserved – be it traditional dried goods such as fruit, vegetables and herbs or popular trend foods such as beef jerky, fruit leather and vegetable chips.
Innovative technology
The DA 650 dehydrator has a stainless steel housing and is equipped with a powerful fan that ensures even heat distribution and effectively removes moisture. This means that vitamins, minerals and fiber are largely retained and the dried food is 100% natural, free from additives and preservatives
Kenwood Go
New collection of compact kitchen appliances that will save counter space and keep the kitchen counter free of cables The series consists of three products; the kitchen machine Go, electric whisk Quickmix Go and the food processor MultiPro Go. All three should take up minimal space and have a stylish design in the color shower storm blue with clean lines. The devices are light with an ergonomic handle and a separate handling system, EasyStore, for cables. The Go kitchen machine has a height of 30 cm and can be placed in a cupboard or drawer. It has a motor power of 800 watts so that it can handle everything from crispy breadsticks, buttercream, pizza dough and cakes. The design should free up space around the mixer and an intuitive controller is located in the middle of the front. The QuickMix Go whisk comes with an all-in-one storage lid that will keep all parts and the cord in one place. It has a power of 350 watts and five different speeds. The MultiPro Go food processor has a height of 30 cm and a weight of less than two kilograms. It can chop, slice, blend, grate and knead. Separate storage for knives and cutting discs when not in use.
Midea profit
Midea increased its revenue by 8% in the third quarter of 2024 compared to the third quarter of 2023: 103 billion yuan, equal to 13.3 billion euros. Profit rose more than proportionally (15%) to 11 billion yuan equal to 1.4 billion euros with a margin of 11%
In the first nine months of the year, sales were almost 10% higher than in the first nine months of 2023, and profit was 14.4% higher
New Smeg FAB refrigerators with matte finishes
Smeg has unveiled its latest line of FAB refrigerators, featuring matte finishes that blend retro aesthetics with contemporary trends. These stylish refrigerators are available in autumn-inspired hues, adding a touch of warmth and elegance to any kitchen.
This new collection caters to the increasing demand for matte finishes, which not only enhance sophistication but also offer a soft, tactile experience. The FAB refrigerators come in a variety of colours, including sand, terracotta, and emerald green, making them ideal for creating a cosy and inviting autumnal atmosphere.
Fnac-Unieuro: European Antitrust Authority to decide by December 6
The merger between Unieuro and Fnac Darty was officially notified to the European Commission only on October 31. Brussels officials have opened the ‘case’ M11662 as stated on the website and will communicate their decision by December 6.
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