Gorenje to close components plant

Gorenje, part of China’s Hisense Group, said on Tuesday it is closing the components production plant in Rogatec, eastern Slovenia, as it is no longer competitive.The Gorenje plant in Rogatec, where components for refrigerators and freezers are manufactured, will be closed at the end of August 2025, and production will be greatly reduced at the end of this year,” Mateja Celin, a corporate communications officer with Gorenje, said in a statement to SeeNews.

The production of refrigerators and freezers, the components for which are made in Rogatec, has been taking place in Valjevo in Serbia for years now, Celin explained.

Success in China for the scrapping of household appliances

An average incentive of 160 euros (20% of the average market price) led to a 45% growth in sales of refrigerators and washing machines From August to the end of September, 5.1 million families received incentives worth 6.4 billion yuan (830 million euros), according to data from the Chinese Ministry of Commerce reported by the state agency Xinhua,sales of household appliances in China rose to 33.5 billion yuan (4.34 billion euros). The incentive was therefore worth 19% of the average list price of the goods purchased.

Growth compared to the same months of last year was 45% in the categories involved (mainly air conditioners, washing machines and refrigerators).

It should be noted that some local governments such as Hubei Province and the cities of Shanghai and Chongqing have participated in the program by expanding the categories covered at their own expense and incorporating dishwashers, water purifiers and floor cleaning robots.

Elica on air to light up ‘a new idea of cooking

Elica,  after a profound rebranding and the launch of the range of products dedicated to cooking, pushes the accelerator once again on the positioning path and launches a new advertising campaign, on air from this month on TV, print and digital. 

‘ Light up a new idea of cooking’ is an invitation to discover Elica products with cutting-edge design and functions, capable of making the experience in the kitchen extraordinary. Above all, Lhov™ : the All-in-One solution that integrates oven, hob and extraction system that this year brought Elica the second Compasso D’Oro in its history. 2024 definitively consecrates the company’s ambitions with the launch of a complete range for cooking that goes from ovens to induction hobs to wine cellars.

rebranding and the launch of the range of products dedicated to cooking, pushes the accelerator once again on the positioning path and launches a new advertising campaign, on air from this month on TV, print and digital.
Light up a new idea of cooking’ is an invitation to discover Elica products with cutting-edge design and functions, capable of making the experience in the kitchen extraordinary. Above all, Lhov™ : the All-in-One solution that integrates oven, hob and extraction system that this year brought Elica the second Compasso D’Oro in its history. 2024 definitively consecrates the company’s ambitions with the launch of a complete range for cooking that goes from ovens to induction hobs to wine cellars.

EURONICS INTERNATIONAL Announces Groundbreaking Partnershi

During its Annual General Event in Warsaw, EURONICS INTERNATIONAL GEIE, the leading retail group for Technical Consumer Goods (IT, telecom, consumer electronics, and home appliances) in the EMEA region, proudly announced a new co-financing agreement with the EU LIFE Program emanating from the E.U. Directorate General – C.I.N.E.A. (Climate, Infrastructure and Environment Executive Agency) for the Life EPICS Project.
The LIFE program, established by the European Union in 1992, is a key funding instrument dedicated to environmental and climate action.

John Olsen, C.E.O. of EURONICS International, announced the start of the LIFE EPICS project at the IFA exhibition in Berlin. He discussed with IFA International the 3 main operating pillars of action:
1. Training Activities for Store Managers and Salespeople, with the aim of improving their awareness on sustainable consumption to sell more sustainable products and promote sustainability practices in store management.
2. Repair and ReLIFE, creating specialized corners for the repair and reuse of electrical products, as well as through 3D printing.
3. Development of a Green Sustainability Index for electronic products through an algorithm based on connectivity, repairability, recyclability and energy consumption.
Denis Boschard, C.O.O. of EURONICS International, states that this initiative represents a significant stride toward sustainability, not just for EURONICS but for the entire electronics retail industry.

Introducing the ILVE Spa Freestanding Cross-Door Refrigerator

Meet the newest addition to ILVE’s luxury kitchen collection—the 4-Door Refrigerator. Thoughtfully designed to complement the Nostalgie, Majestic, and Professional Plus series, it blends classic Italian craftsmanship with state-of-the-art technology. Elevate your kitchen’s #style with a variety of color options and customizable finishes in brass, burnished, chrome, or copper.

Key Features:

🔹 Spacious & Versatile: With an impressive 539-liter net capacity (322L for fresh food, 217L freezer), it includes 3 adjustable glass shelves, 6 door balconies, and 4 drawers to accommodate all your storage needs.

🔹 Advanced Cooling Technology:
– Total No Frost for effortless maintenance
– Super Cooling and Super Freezing functions to preserve freshness
– Multi-zone drawers with independent temperature control, including a humidity-controlled drawer and a variable temperature range (-4°C to +4°C)

🔹 Smart Features for Modern Living: Equipped with an internal LED display, automatic ice maker, and smart open-door alarm for ultimate convenience

LG earnings announcement

LG today announced its preliminary earnings results for the third quarter of 2024, reporting a consolidated revenue of KRW 22.17 trillion and an operating profit of KRW 751.1 billion. The company achieved record-high quarterly revenue, marking its fourth consecutive quarter of year-over-year revenue growth since the fourth quarter of 2023.In the home appliance sector, LG’s subscription services business continues to expand. Although third-quarter profitability was impacted by increased shipping costs and slower demand recovery in key markets, the company plans to address these challenges by diversifying its product portfolio, growing its online sales and tailoring offerings to meet regional market need

Amica new strategy

Amica group announced a new “Back to Profitability” strategy. Its goal is to ensure the sustainable growth of Amica Group in key European markets and to focus on the heating equipment segment. Our assumptions? Increase sales by 7% annually by 2030, EBITDA at 5% in 2027 and 7% from 2030, increase RONA (return on net assets) to 14% in 2027 and exceed 17% from 2030. Additionally, we strive for stable dividend payments to shareholders. Amica have used the past 10 years to expand in Western Europe, invest in production capacity and new technologies, optimize our operations and strengthen our financial base. External factors, such as the pandemic turmoil, the war in Ukraine and our exit from the Russian market, which means a loss of sales of approximately 300,000 pieces of heating equipment per year, have stood in the way of full implementation of the HIT2023 strategy goals. The new “Back to Profitability” strategy, which we are announcing during the cyclical downturn in the household appliances industry, focuses on ensuring lasting profitability for the Amica Group and using the potential of the production center in Wronki, Greater Poland. We intend to make good use of the opportunities we see in the coming years – emphasizes Jacek Rutkowski, President of the Management Board of Amica SA mission is to offer durable and reliable household appliances with the highest quality of service to make everyday life easier for consumers, while respecting the local traditions and heritage of our brands (#Amica, #Fagor, #Gram, #Hansa, #CDA). In turn, our vision is to become the most recommended brand of heating equipment on key markets in Europe.

Philips Airfryer Dual Basket

Philips presents a new model of air fryer, Philips Airfryer Dual Basket , to save time thanks to its two baskets of different sizes This innovative Airfryer with a total capacity of 9 l features two compartments: the large basket (6 l) is perfect for main dishes, while the smaller basket (3 l) is the best choice for preparing side dishes. The cooking time of both baskets is automatically synchronised so that the dishes are ready at the same time. In addition, it is possible to quickly set the same time and temperature for both baskets at the touch of a button.

One of the main features of Philips is the exclusive RapidAir technology, integrated into its entire Airfryer range, including the new Dual Basket. Thanks to this, the flow of hot air inside the baskets is optimized, achieving optimal cooking. The result? Food that is always crispy on the outside, tender on the inside and cooked evenly.

The Philips Airfryer Dual Basket is equipped with a touchscreen display with eight preset temperatures and times for fresh and frozen fries, chicken, meat, vegetables, fish, cakes and reheating option. As if that wasn’t enough, hundreds of free recipes can be found available on its HomeID app for those times when you need some inspiration. And all this while saving time and energy: the Philips Airfryer Dual Basket cooks faster and with up to 70% less energy compared to a traditional oven

Haier Successfully Completes Acquisition of Carrier Commercial Refrigeration

Haier Smart Home Co., Ltd. , a global leader in consumer electronics and home appliances, announced the successful completion of its acquisition of Carrier Commercial Refrigeration from Carrier Global Corporation  for an enterprise value of approximately $775 million. The technologies related to commercial refrigeration that the company owns or is licensed to use, including carbon dioxide technology, will contribute to environmental improvements, promote green transformation in enterprises, and benefit society. This acquisition further enriches Haier Smart Home’s diverse product portfolio and signifies an enhanced strategic positioning in the global commercial refrigeration market.