Paolo Gatti , 47, has been appointed as the new CFO of the Polti Group. After many years of experience as an auditor at PriceWaterhouseCoopers, Paolo Gatti worked for years at the Calvi Group, which mainly operates in the production of special steel profiles. Initially responsible for management control in the subholding Eureka Spa, where he also served as a board member in some of the controlled companies, Gatti then moved to the main holding, where he took on the role of head of finance, control and special projects, as well as being the Group’s ESG manager.
Electrolux new head of Sustainability
Nikos Bartzoulianos has been appointed Chief Marketing Officer and Head of Sustainability at Electrolux Group. With experience at Samsung, Procter & Gamble, and McKinsey & Company, Bartzoulianos is well-prepared to lead Electrolux’s brand transformation and sustainability efforts.
EverEver the first French factory
For several years, the EverEver company has been developing its project for a dishwasher built to last 20 years, eco-designed, easily repairable and manufactured in France. Today, this funding from Bpifrance will help EverEver launch its first production site in France in 2025 in the Vannes metropolitan area, in Morbihan. ” This investment is crucial to meet the growing demand for sustainable household appliances,” emphasizes Martin Hacpille, founder of EverEver. It will allow us to produce in large series while remaining faithful to our commitments in terms of sustainability, repairability and minimal environmental impact .”
A production manager has been hired and is already working on the project to create this factory. In addition to creating direct jobs, this project will also strengthen the local economy and industry. It should be remembered that the manufacture of Albert, the sustainable dishwasher, will be based on collaboration with a network of local subcontractors with whom partnerships have already been established. ” Today, after a long period of work and testing, 100% of the parts of the device are known and ready to be launched ,” says Martin Hacpille
Pollutants from gas stoves kill 40,000 Europeans each year
Gas stoves kill 40,000 Europeans each year by pumping pollutants into their lungs, a report has found, a death toll twice as high as that from car crashes.
The cookers spew harmful gases linked to heart and lung disease but experts warn there is little public awareness of their dangers. On average, using a gas stove shaved nearly two years off the lives of those who died, according to a study of households in the EU and UK
Midea Group’s net profit in the third quarter of 2024 was 10.895 billion yuan, a year-on-year increase of 14.86%
Midea Group released its third quarter report for 2024 today. In the third quarter, operating income reached 101.701 billion yuan, a year-on-year increase of 8.05%;Net profit was 10.895 billion yuan, a year-on-year increase of 14.86%。
Midea Group achieved operating income of 318.975 billion yuan in the first three quarters of 2024, a year-on-year increase of 9.57%;Net profit was 31.699 billion yuan, a year-on-year increase of 14.37%.
Elica limits the drop in turnover thanks to OEM sales
Elica closes the third quarter with a contraction of ‘only’ 1.1% thanks to the excellent performance of the Engine Division (+9%) which gained market share in Europe. The bet on Cooking is slow to pay off: in the January-September period, despite the award-winning models of the Nikolatesla and Lhov lines, sales fell by 4% (very weak demand in Europe, improvements in the USA).
The balance of the very difficult first nine months of 2024 sees a drop of almost 5% in turnover, down to 342 million euros and margins in line with expectations. The Fabriano group does not give up and finances an intense promotional activity and investments in its own brand lines with careful cost control. The margin on revenues in the first nine months was 7.2% against 10.4% in 2023.
LG unveils modular ‘Smart Cottage’ homes with AI appliances
LG Electronics launched its “LG Smart Cottage,” a compact modular home featuring integrated artificial intelligence (AI) appliances and advanced heating, ventilation, and air conditioning (HVAC) systems. The company announced on Wednesday that it has opened an official website for Smart Cottage sales, targeting both individual consumers looking for secondary homes near urban or rural areas and corporate or institutional buyers.
The Smart Cottage blends space, appliances, and services into a compact housing solution. It was initially showcased at IFA 2023, Europe’s largest consumer electronics trade show held in Berlin in September 2023 and has since appeared at various domestic and international events.
Inside, the cottage comes equipped with LG’s premium “Objet Collection” appliances, including the WashTower Compact, a dishwasher, induction cooktop, microwave oven, and water purifier. It also features smart home technologies such as a smart door lock, CCTV, motorized blinds, and IoT devices – all of which can be managed through the LG ThinQ app. The cottage can also be upgraded with LG’s upcoming AI Home Hub, “ThinQ ON,” to create a fully connected smart home environment.
Beko close UK factory
Beko Europe told staff last month that its Hotpoint UK factory in Yate, near Bristol, will close on December 31.
The decision means the end of more than a century of manufacturing at the site on Station Road.
A spokesperson from Beko Europe said all affected staff have been notified and that they are “grateful for their continued efforts”.
Hisense milestone
Hisense, a leading brand in global consumer electronics and home appliances, announced a remarkable milestone with its overseas business revenue surpassing $12.2 billion USD in the fiscal year of 2023. This significant achievement was revealed at the Group’s 55th-anniversary celebrations, at which the company also unveiled its ambitious future goals.
Over the past five years, Hisense has significantly expanded its global footprint and achieved breakthroughs in technological foundation. The company’s acquisition of SanDen Corporation and development of AI picture quality chips were catalysts for growth, enabling Hisense to enter new markets and enhance its technological capabilities. As a result, Hisense’s overseas revenue has more than doubled since 2019, while in 2023 Hisense Group’s revenue surpassed $28.7 billion USD.
At the celebration event, Hisense Group Chairman, Mr. Jia Shaoqian, delivered the speech “Faithful as in the Beginning, Creating the Future”, introducing future goals, including becoming a high-quality development model by leveraging industrial clusters; transitioning towards green and low-carbon operations; expanding its global reach through transformation from China-centric to a truly global management model; and establishing a world-class enterprise and global brand.
“We continue to strengthen our core competitiveness in technology and products, leverage strong appeal in cross-cultural integration, and enhance global competitiveness in building a brand matrix,” emphasized Mr. Jia. “Hisense will persist in developing our own brands, aiming for the high-end market in resolutely striving to become world-class!”
With a focus on innovation, Hisense has dedicated approximately 5% of its annual revenue to R&D, with 30% of that investment directed towards pre-research. By prioritizing user needs and customer satisfaction, Hisense ensures that its products and technologies serve users and create value.
Hisense has established a strong global presence with 36 industrial parks and production bases, 30 R&D centers, and 64 overseas offices, forming a “5+1” network covering Europe, the Americas, ASEAN, the Middle East, Africa, and China. To drive growth, Hisense is accelerating its manufacturing footprint globally. In Africa, the company is establishing new production facilities, while in ASEAN and Latin America, Hisense is increasing localizing production and research capabilities. This strategic expansion will enable Hisense to better serve customers and strengthen its global competitive position.
Hisense becomes first sponsor for FIFA’s Club World Cup
Chinese electronics manufacturer Hisense has signed on as the first official partner for next year’s FIFA Club World Cup, global soccer’s governing body said on Wednesday.
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