Tag Archives: Whirlpool Corporation

Whirlpool Corporation named one of Fortune’s Most Innovative Companies for 2024

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Whirlpool Corporation has been recognized by Fortune as one of America’s Most Innovative Companies for the second year. America’s Most Innovative Companies honors those transforming industries from the inside out and celebrates companies that have demonstrated success across three areas, product innovation, process innovation, and innovation culture.SlimTech™ insulation technology, the first vacuum insulated structure (VIS) technology in a refrigerator in the North American market, was launched in November and represents one of the biggest innovations in refrigeration in the past 50 years. Other recent product innovations from Whirlpool Corp. include the KitchenAid Grain and Rice Cooker, the Performance Kitchen Lineup from Maytag and flush microwave hood combinations across the brand portfolio.

The company also introduced its plan to bring revolutionary induction downdraft cooktop technology to the North American market and the installation of more onsite renewable energy solutions at its Ohio manufacturing plants.

To develop the list, Fortune partnered with Statista Inc., a leading provider of market and consumer data, to survey internal and external stakeholders who have direct exposure to company processes, products, and culture. Statista also worked with LexisNexis PatentSight and used their platform to analyze the quantity and value of a company’s patents

Whirlpool Corporation Completes Major Milestone

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Whirlpool Corporation today announced the completion of its transaction with Arçelik A.Ş (“Arcelik”). This marks a significant step in Whirlpool’s portfolio transformation and is expected to provide considerable opportunities to maximize value.

The transaction creates a new European appliance company by combining Whirlpool Corporation’s European major domestic appliance business with Arcelik’s major domestic appliance, consumer electronics, air conditioning, and small domestic appliance businesses. Whirlpool Corporation now owns 25 percent of this new entity, called Beko Europe B.V., and Arcelik owns 75 percent¹. Whirlpool Corporation is retaining ownership of InSinkErator and its EMEA KitchenAid small and major domestic appliance business. Separately, Whirlpool also completed its previously announced sale of Whirlpool’s Middle East and Africa business to Arçelik A.Ş.Beko Europe B.V. will have combined revenue of approximately €5.5² billion based on 2023 results. The company will be well-positioned to deliver value to consumers through attractive brands, sustainable manufacturing, product innovation and consumer services.

The transaction is expected to deliver more than $750 million in net present value of future cash flow value, in addition to unlocking $200-$300 million of incremental free cash flow in 2025. Additionally, Holger Gottstein and Gilles Morel, two members of Whirlpool Corporation’s Executive Committee, will be appointed to the board of directors of Beko Europe B.V.

Whirlpool Corporation will focus on its strong positions in the Americas and India, with its No. 1 share position in the major domestic appliance businesses for both North and South America. Additionally, new products, including those from the higher-margin KitchenAid small domestic appliance business, are expected to continue to be a key driver for share and profit growth

Whirlpool Corporation introduced SlimTech™ insulation,

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Whirlpool Corporation introduced SlimTech™ insulation, the first vacuum-insulated structure (VIS) technology in a refrigerator in the North American market.

Using a proprietary material that is vacuum-sealed within the door or sides of the refrigerator, SlimTech™ insulation can reduce the wall thickness by up to 66% – allowing for up to 25% more capacity inside the refrigerator.

“For the past 112 years, we have shaped the landscape of modern home appliances in the kitchen and the laundry room, developing products that have improved life at home for millions of consumers from the introduction of the first electric wringer washer and first home dishwasher,” said Marc Bitzer, Whirlpool Corporation chairman and CEO. “SlimTech™ insulation is yet another turning point for the industry, and this launch is just the beginning of how we will utilize this technology.”This refrigeration breakthrough will deliver benefits ranging from increased capacity and quieter performance to the potential for increased sustainability and design flexibility.
SlimTech™ insulation will launch in 2024 on select JennAir® 30 in. Column refrigerators and will later expand to KitchenAid brand

Whirlpool Corporation introduced SlimTech™ insulation, the first vacuum insulated structure (VIS) technology in a refrigerator in the North American market. This technology represents a significant step forward in refrigeration technology, which has long relied on bulky polyurethane foam for insulation.

By using a proprietary material that is vacuum-sealed within the door or sides of the refrigerator itself, SlimTech™ insulation can reduce the wall thickness by up to 66% – allowing for up to 25% more capacity inside the refrigerator.

Whirlpool Corporation Named One of the World’s Best Companies for 2023 by TIME

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Whirlpool Corporation announced today that it has been recognized as one of the World’s Best Companies for 2023 by TIME magazine. To create the list, TIME partnered with Statista, a leading provider of market and consumer data, to conduct a comprehensive research study identifying the top performing companies across the globe. Whirlpool Corp.’s inclusion on the list reflects its dedication to delivering products and solutions that enhance the lives of people around the world while contributing to a more sustainable and responsible future.Whirlpool Corp. is frequently recognized as an exemplary organization. This year alone, Whirlpool Corp. was named one of the Worlds Most Trustworthy Companies by Newsweek, one of America’s Most Just Companies for 2023 and one of the World’s Most Admired Companies by Fortune for the 13th consecutive year.

Whirlpool Corporation Named One of the World’s Most Trustworthy

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Whirlpool Corporation announced today that it has been recognized as one of the World’s Most Trustworthy Companies in 2023 by Newsweek The World’s Most Trustworthy Companies 2023 were identified in an independent survey based on a vast sample of more than 70,000 participants from 21 countries. A total of 269,000 evaluations were analyzed

Whirlpool Corporation named one of Fortune’s Most Innovative Companies for 2023

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Whirlpool Corporation named one of Fortune’s Most Innovative Companies for 2023 Awards, Brand and Product, Innovation

Whirlpool Corporation’s innovative products for 2023: washer for pets with a dog in the photo, a washer with 2-in-1 agitator, a third rack dishwasher, and an oven with air fryer, announcing one of Furtune’s most innovative companies sin 2023

Whirlpool Corporation has been recognized by Fortune as one of America’s Most Innovative Companies in 2023. The inaugural list celebrates companies that have demonstrated success across three areas, including product innovation, process innovation, and innovation culture.

“A spirit of innovation is embedded in our culture and we are proud to be named one of Fortune‘s most innovative companies,” said Marc Bitzer, chairman and CEO of Whirlpool Corp. “With a diverse and growing product portfolio across several trusted U.S. brands, this recognition is a testament to our employees who work tirelessly to create innovative solutions that improve life at home for consumers.”

The best and the brightest engineers and designers, collaborating globally on shared appliance architectures, have been able to unleash innovation in its truest sense and help shape the modern home.”
For more than 111 years, Whirlpool Corp.’s innovation strategy has changed how people around the world care for their families and loved ones — from cooking and entertaining to laundry and household chores. The company is committed to sustainable manufacturing, environmental and social responsibility, leading-edge design, unparalleled craftsmanship, and leveraging emerging digital technologies.

“From the first electric wringer washer in 1911 to our current line-up of leading-edge home appliances, we are obsessed with developing technology that is purposeful in saving time or eliminating work for consumers,” said Roberto H. Campos, senior vice president of Whirlpool Corp.’s Global Product Organization. “The best and the brightest engineers and designers, collaborating globally on shared appliance architectures, have been able to unleash innovation in its truest sense and help shape the modern home.”

In the past two years, Whirlpool Corp. launched several innovative new products, including the Maytag® Pet Pro System, the Whirlpool 2 in 1 Washer with Removable Agitator, a revolutionary large capacity third rack for dishwashers, and added air fry functionality to select smart ovens via an over-the-air update. The company also announced it plans to bring Matter support to its smart appliance models and continues to find innovative solutions to accelerate its ESG strategy, most recently announcing Zero Waste to Landfill Gold or Platinum status (self-certification) at 29 of 29 large manufacturing sites worldwide.

To develop the list, Fortune partnered with Statista Inc., a leading provider of market and consumer data, to survey internal and external stakeholders who have direct exposure to company processes, products, and culture. Statista also worked with LexisNexis PatentSight and used their platform to analyze the quantity and value of a company’s patents.

Whirlpool Corporation announces

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Whirlpool Corporation announced today that João Carlos Costa Brega, Executive Vice President, Whirlpool Corporation, and President, Whirlpool Latin America, will be stepping down from his role as part of a long-term succession plan, effective March 31, 2023.

Juan Carlos Puente, currently Senior Vice President, Whirlpool Corporation, and President, Whirlpool Latin America North Region, will succeed Brega, effective April 1, 2023.

“We express our heartfelt thanks to João Brega who has had a remarkable career at Whirlpool for over 27 years,” said Marc Bitzer, Chairman and CEO of Whirlpool Corporation. “João Brega’s strong leadership helped steer our company, especially Whirlpool Latin America, through many challenging times, and his passion and unwavering commitment to our consumers and our employees will be missed.”

Voluntary, temporary layoffs’ planned at Whirlpool’s Marion manufacturing plant

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Whirlpool Corporation is planning to conduct “voluntary, temporary layoffs” at its Marion manufacturing plant, according to a statement issued by the company.

The Benton Harbor, Michigan-based appliance manufacturer recently wrapped up what the company termed as “scheduled down days for all hourly employees” in early June at the Marion plant due to supply chain issues.

In March of this year, production was temporarily halted at the Whirlpool plant in Clyde for the same reason