Miele wine storage

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Miele has unveiled its latest collection of freestanding wine  units, which it says are ideal for entertaining as we move towards the festive period.

The new products incorporate Miele’s ActiveHumidity software, which regulates the humidity level inside the unit and can be adjusted by both the user interface and via the Miele app.

Other features include a mechanical door lock which requires a key, LED dimmable lighting, and improved energy efficiency. New technology is also incorporated to keep the units’ rear panel dry, which prevents the formation of condensation and

Renewable Energy for Haier Europe Factories in Türkiye

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I-REC certificates obtained attest that 100% of the electricity used by the company in Türkiye is generated from green This important achievement, which covers the entire calendar year 2024, is in line with the company’s ongoing commitment to mitigate its environmental impact and contribute to the fight against climate change.Haier Europe’s commitment to sustainability goes beyond renewable energy consumption. In early 2024, the company installed solar panels at its dishwasher factory in Turkey, covering approximately 60% of the energy needs of its dishwasher and dryer production facilities. Additionally, 98% of the total waste generated at Haier Europe’s Turkish production sites was recycled or recovered, as part of its journey to achieve “Zero Waste to Landfill” certification.

Haier Group lays foundation stone for Phase 2 of production complex in Egypt

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Haier Group laid the foundation stone for the second phase of its Haier Eco-Friendly Complex located in 10th of Ramadan City, Egypt.

Spanning an additional 50,000 square metres, the second phase comes with a $40 million investment and a planned production capacity of 300,000 units comprising refrigerators and freezers, Ahmed El-Gendy, Haier’s Director in Egypt said.

The new expansion builds on the first phase, inaugurated in May 2023, which was established with an investment of $100 million and encompasses three factories and ancillary plants. The first phase currently produces over 1.5 million units and has created 2,000 direct and indirect jobs. The second phase is expected to create around 1,000 new jobs in the supply chain.

Beko Egypt White goods plant built at a total investment of $110m

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Beko has placed industrial localisation at the forefront of its strategy with its first manufacturing plant in the 10th of Ramadan industrial city.

The facility, covering 114,000 square metres, will heavily rely on local suppliers, with the local content expected to reach 50-60 percent, said Umit Günel, General Manager of Beko Egypt.

“Beko Egypt’s local manufacturing drive aims to make Egypt a central hub for exporting home appliances to Europe, the Middle East, and Africa, with 60 percent of production allocated for export,” he told Zawya Projects, adding that the plant is projected to generate $250 million annually in export revenues.

The plant was officially inaugurated last week.

He emphasised the company’s commitment to boosting cooperation with local manufacturers of plastics, cables, and metals to deepen localisation, adding that within the first six months of operations, Beko Egypt increased its production capacity from 1 million to 1.5 million units of ovens and refrigerators annually and expanded its supplier network.

The plant, built with an investment exceeding $110 million, will focus on producing eco-friendly home appliances  designed to save water and energy in line with Egypt’s green economy goals. It is also expected to provide over 2,000 jobs for Egyptian youth, bolstering the national economy.

Günel said the facility will run on renewable energy, supporting Beko’s ‘Zero Waste’ policy. Any production waste will be recycled, with metals and other components re-evaluated for quality.

“Beko’s dishwashers, for example, will incorporate plastic parts made from recycled materials, reflecting the company’s commitment to sustainability,” he said.

The Beko Egypt official noted that, despite tough market competition, the company is ready to expand further, continuously assessing new possibilities to introduce additional products. The dishwashing segment has received fast-track approval from Egyptian authorities.

Beko, which ranks as the second-largest household appliance brands in the region and among the top ten worldwide, currently produces 65 million units annually across the globe. The company’s global operations span 58 countries with 46 production facilities in 14 countries

Whirlpool India acquires 10% of Elica’s local subsidiary

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Elica announces, in a note, that it has signed an agreement that provides for “the sale to Whirlpool of India Limited” of 4.78% of the share capital of the Indian subsidiary Elica Pb Whirlpool Kitchen Appliances Private Limited (‘Elica Pb India’) together with the other Indian minority shareholders who are selling a further 4.78% stake. The agreement for the sale, the note states, was reached for approximately 8.2 million euros. “Upon completion of the transaction, Whirlpool of India Limited will hold approximately 96.81% of Elica PB India” while Elica SpA and the group of other Indian minority shareholders will remain shareholders of the Indian company with a stake of approximately 1.59% each. At the same time as the purchase of the stake, Elica Pb India will sign new licensing agreements for the use of the Elica brand in Indian territory.

Elica’s ‘castling’: triple vote to long-term shareholders

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The Shareholders’ Meeting of Elica voted on an amendment to the company bylaws that grants two voting rights per share to shareholders who have held the stock for at least two years from their registration in the Shareholders’ Register and 3 rights to those who have held them for three years.

The aim, the company writes, is to “reward the long-term commitment of its shareholders and   maintain and strengthen the reference shareholder base”, in practice the core shareholders such as the Casoli family .The change in fact makes a hostile ‘raid’ or a takeover bid on the Marche-based company practically impossible.

In this period, the Elica stock is at an all-time low: around 1.7 euros compared to 5.8 in the first days of listing in 2006, and its capitalization is around 100 million euros against a 2023 turnover five times high

LG Comfort Kit, the accessory set designed to improve accessibility

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LG has received 23 awards at the International Design Excellence Awards (IDEA) 2024 , one of the most important annual events dedicated to industrial design. To be precise, it has received two Gold Awards , one Silver Award and three Bronze Awards, which demonstrate its commitment to creating products with a design that effectively combines aesthetic needs with the principles of inclusivity and sustainability .

Winner of the Gold award , LG Comfort Kit, the set of accessories designed to improve the accessibility of LG appliances for all people, regardless of age, gender and ability. The Comfort Kit consists of seven accessories including the Easy Handle , the set of additional handles that allow users with limited manual strength or dexterity to easily open and close appliance doors; the Easy Ball , which allows the knobs of the appliances to be operated with the palm of the hand; and the Easy Hanger , the accessory with a circular handle that allows people with reduced mobility to easily place clothes inside the LG Styler smart wardrobe. These accessories, made of recycled plastic, are easy to attach and remove and perfectly fit the design of LG products.

second  Gold award  was given to  LG gram Fold ,  the foldable notebook of the LG gram line that combines an ultra-light design and a large display with the versatility of a foldable screen. Thanks to the flexibility of the OLED technology screen, this device can transform from a 12” notebook into a 17” tablet: when used folded like a book, it is possible to use a portion of the screen as a virtual keyboard and the other portion as a screen, thanks to the automatic adjustment of the aspect ratio and orientation of images or text. Alternatively, the device can be used as a traditional notebook by adding a wireless keyboard. The matte glass finish adds a touch of elegance, while the magnesium alloy structure ensures durability and portability with a weight of only 1,250 grams.

In addition to the two  Gold Awards , LG received the  Silver Award  for  the LG CineBeam Q , the portable projector that with its compact and minimalist design fits perfectly into any space and offers maximum portability thanks to the 360° rotatable handle.

Bosch,future of connected homes looks like

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To mark the 10th anniversary of Home Connect, BSH presents new functions and appliances at IFA Berlin 2024 that promote sustainability and comfortable use.  The Smart Start function automates the operation of home appliances based on the highest proportion of renewable energy in the power grid. For consumers who use dynamic electricity tariffs, Smart Start can also determine the program start of appliances based on current electricity prices.  The Care Dashboard allows you to monitor the status of your appliances, identify maintenance requirements at an early stage and fix problems directly in the Home Connect app.  The XXL built-in fridge-freezers from #Bosch and #Siemens are the world’s first Matter-enabled home appliances to set new standards in cross-brand #connectivity at home. With its integration into the Matter standard, BSH is actively positioning itself for the smart home of the future.

Investment by Haier in Thailand

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The Thailand Board of Investment (BOI) announced today it has approved a 13.5 billion baht (USD 400 million) investment promotion application by Haier Appliance Manufacture (Thailand) Co., Ltd., a unit of China’s Haier Smart Home Co., Ltd., to set a factory that will produce annually six million smart air conditioners and bring extensive economic benefits.

China’s Home Appliance Exports Surge 14.7% in First Eight Months

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The first eight months of this year, China’s home appliance exports soared by 14.7% compared to the same period last year. This growth was primarily driven by the global expansion of Chinese companies and increased external demand, although this demand may weaken in the future.Chinese home appliance manufacturers have reported that revenue from overseas markets has become a crucial source of income in the first half of this year. For instance, Haier Smart Home’s net profit surged by 16.3% to CNY 10.4 billion (USD 1.5 billion), with operating revenue increasing by 3% to CNY 135.6 billion (USD 18.8 billion). Notably, its overseas income grew by 3.7%, accounting for more than half of its total revenue, while domestic market revenue rose by only 2.3%.

Similarly, Xinbao Electrical Appliances, a leading exporter of small home appliances, experienced an 11.2% rise in net profit to CNY 442 million (USD 62.3 million) and a 22% increase in operating revenue to CNY 7.7 billion (USD 1.1 billion). Its income from overseas markets surged by over 70%.

Guangdong Bangze Chuangke, another key player, attributed its core growth to its factory in Vietnam, which has helped secure more external orders. Chairman Xu Ning mentioned that while the home appliance market remains relatively stable, the boost from external demand might weaken due to tariff risks and fluctuations in the Chinese yuan exchange rate.

Shi Yonghong, vice president of the China Chamber of Commerce for Import and Export of Machinery and Electronic Products, noted that export growth to Europe and the United States was minimal in the first half of the year. However, exports to major developing markets, especially in regions where Chinese home appliance makers have invested, such as Vietnam, India, and Mexico, continued to grow.