Good news for Midea! European regulators have approved their purchase of the Teka Group, a well-known maker of kitchen appliances. This means Midea now owns brands like Teka, Küppersbusch, and Intra, and will oversee Teka’s 10 factories around the world. Teka, which has offices in 33 countries and employs 3,000 people, had a turnover of €660 million last year. This acquisition marks a big step for Midea as they expand their reach in the kitchen appliance industry.
Tag Archives: EU
New EU energy labeling for Tumble dryer
Important information for tumble dryer dealers 🚨 New EU energy labeling rules are coming 1 July 2025.
Here’s a quick rundown:
📌 From 1 March until 30 June 2025, suppliers will provide both the current and new energy labels
📌 Until 1 July 2025, display only the current label
📌 On 1 July 2025, you will have 14 working days to ensure that the current energy labels for tumble dryers are replaced with the new energy labels at all points of sale, physical and online.
Why this change? 🤔 The new label will help consumers make more informed purchasing choices, driving significant environmental impact. Efficient dryers can reduce consumption by 60%, saving Europe 15 TWh by 2040 – the equivalent of 2.5x Malta’s annual energy consumption more information here https://www.product-compliance-services.eu/for-suppliers/product-specific-guidelines/household-appliances/tumble-dryers/quick-guide-tumble-dryers-to-be-downloaded-or-printed
EU looking to strengthen right to repair consumer goods instead of replacing them
The EU is seeking to adopt new measures to strengthen the right to repair goods instead of replacing them, in an effort to reduce the environmental impact of mass consumption.
Parliament adopted its position on a stronger “right to repair” for consumers earlier with 590 votes in favour, 15 against, and 15 abstentions.
The proposal aims to encourage more sustainable consumption by making it easier to repair defective goods, reducing waste and supporting the repair sector.
Suggested changes would require sellers to prioritise repairs should they be cheaper or equal in cost to replacing items.Consumers will have the right to request repairs for goods like washing machines, vacuum cleaners, smartphones and bicycles, even if the guarantee has expired.
MEPs also want producers to offer replacements “on loan” for the duration of the repair. If a product cannot be fixed, a refurbished one could be offered instead.
EU antitrust approves Whirlpool-Arçelik merger
The European Antitrust has approved the merger of Whirlpool ‘s activities in Europe with those of Arçelik into Beko Europe . European Commission officials believe that the union of the former Whirlpool EMEA brands with Turkish ones does not lead to dominant positions.
The start of the operation announced in January 2023, however, must wait until the spring of 2024 when the English Antitrust Authority will complete its in-depth investigation having detected in an initial analysis the risk of a significant reduction in competition, especially in some areas of the market .
Whirlpool confident of a ‘green light’ also from London
Hailing the EU Commission’s decision, Whirlpool said it was confident that the CMA, at the end of the investigation, would also agree with the assessments expressed at the European level. However, the operation will be carried out, at worst, giving up access to the English market for some brandsThe Whirlpool-Arçelik operation in brief
Subject of the agreement: The agreement includes Whirlpool’s 38 European subsidiaries and 9 production sites in Italy, Poland, Slovakia and the United Kingdom, as well as Arçelik’s 2 production plants in Romania and its 25 European subsidiaries. Together, this will result in a production capacity of approximately 24 million white products per year.
Contractors . Shareholders of the new company are Whirlpool Emea Holdings LLC and Ardutch, a wholly owned subsidiary of Arçelik, a Dutch holding company through which Arçelik controls its activities in Europe. The deal will see both Ardutch and Whirlpool transfer their European subsidiaries to new Chinese company Beko Europe.
Subdivision of shares. After these transfers, it is expected that 75% of the new company will be allocated to Ardutch BV and 25% to Whirlpool. The final post-closing ownership ratio will be determined taking into account the parties’ respective 2022 EBITDA, net asset values, net debt and net working capital.
Non-compliant and dangerous products ending up on the EU marke
The number of non-compliant and dangerous products ending up on the EU market is exceptionally high, and only a few compliance checks are carried out in Europe To revert this alarming situation, EucoLight is joining forces with 21 organisations, NGOs and European industries Calling on EU policy makers to ensure that a robust framework is established in the final ESPR text to achieve EU sustainability goals and provide a level playing field.
Making several recommendations to address the existing loophole related to the online sale of goods to consumers not only in the ESPR, but also in other existing and future policies like the WEEE Directive, other extended producer responsibility legislation and Article 8 of the Waste Framework Directive.
Arçelik-Whirlpool, the EU will decide by October 23rd
The agreement which provides for the sale of the Whirlpool and Beko activities in Europe to a new company largely owned by Arçelik was officially included in the protocol of the Competition DG on 18 September with number M11086. The European Antitrust will make its decision by October 23rd.Commission offices could ask for a supplementary investigation, as was done for example by the English Antitrust.
Last Monday (18 September) EU Commissioner Paolo Gentiloni received the CEO of Arçelik and president of Applia Europe Hakan Bulgurlu .
On Monday 25th in Rome, Whirlpool’s top management will meet the Italian unions to discuss the results of the first half of the year and the prospects for the workers of Whirlpool’s four Italian factories.
WHITEGOODSNOW 