Whirlpool Corp. has once again been recognized by Fortune Magazine as one of the World’s Most Admired Companies. This marks the twelfth consecutive year that Whirlpool Corporation has been named to the list, which includes the most respected and reputable companies around the world, as ranked by peers within their respective industries.
“We are honored to be named one of Fortune’s Most Admired Companies for the twelfth year in a row,” said Marc Bitzer, CEO and chairman, Whirlpool Corp.
“The recognition is a direct result of the dedication and innovative thinking by our team members, all of whom continue to work tirelessly to serve our customers, support our communities, and protect our planet.”
For 110 years, Whirlpool Corp. has prioritized responsible business practices to drive purposeful innovation and instill a culture of respect, integrity, and teamwork. As a result of these efforts, the company continues to progress many of its environmental and social goals, as well as implement employee development programs to support the advancement of its workforce. In recognition of this ongoing commitment, Whirlpool Corp. was recently named to America’s most JUST Companies for 2022 and Newsweek’s Most Responsible Companies for 2022.
Tag Archives: Whirlpool
New world-class facility for Whirlpool
Whirlpool Corporation announced the relocation to a new facility in Pune for the Global Technology & Engineering Center (GTEC) of its Global Product Organization. GTEC is one of the largest innovation centers for Whirlpool around the world and a critical arm to its global product research and development. India has been a great source of talent with strong capabilities that accelerate GTEC’s role as one of the innovation powerhouses of Whirlpool. GTEC is engaged in developing current and future technologies like artificial intelligence, IoT, Industry 4.0, enabling purposeful innovations for Whirlpool.
LG Electronics edges out Whirlpool for top household appliance-maker title
LG Electronics recorded an all-time high of 74 trillion won in sales last year, surpassing US electronics giant Whirlpool to become the world’s top producer of home appliances.
LG Electronics announced on Thursday that it made an operating profit of 3.86 trillion won by generating a total of 74.72 trillion won (approximately US$61.9 billion) in revenue last year. Sales rose 28.7% year-on-year, but operating profit fell 1.1%.
This is the first time that LG Electronics’ annual sales exceeded 70 trillion won. The company attributed its record figures to “strong sales of premium home appliances and OLED TVs,” adding that “about 60% of sales, or 44 billion won, came from LG’s home appliance and air solution and home entertainment divisions.”
The company’s home appliances and home entertainment divisions greatly helped in protecting business profits. The two areas recorded operating profits of 2.22 trillion won and 1.99.8 trillion won, respectively.
However, even though 2021 fourth-quarter household appliances sales reached 6.52 trillion won, operating profit topped out at 157.1 billion won. Sales were highest in the fourth quarter, but operating profit was down 44.8% compared to the same period in 2020.
“Increases in costs due to an increase in raw material prices and an increase in logistics costs played a major role,” LG explained.
Whirlpool, on the other hand, announced that it had recorded $21.98 billion in sales last year. Whirlpool is an American electronics company that has competed with LG Electronics for the No. 1 spot in the global home appliance market. If calculated in won, Whirlpool’s total sales last year came to around 25 trillion won — 2 trillion won less than LG Electronics’ household appliances sales of 27 trillion won in 2021
Whirlpool’s financial highlights
Whirlpool Corporation reported Q4 and full-year 2021 earnings. Our full-year financial highlights include:
✔️ 13% year over year organic revenue growth
✔️ Record ongoing EBIT margin of 10.8%
✔️ Record ongoing earnings per diluted share of $26.59
✔️ Record free cash flow generation of $2B
Complete results and non-GAAP reconciliations can be found at:https://investors.whirlpoolcorp.com/news-and-events/news/news-details/2022/Whirlpool-Delivers-Record-Performance-in-2021-and-Guides-Towards-Another-Strong-2022/default.aspx
Whirlpool Named One of America’s Most Just Companies
Whirlpool has been recognized as one of America’s Most JUST Companies in the annual rankings published today by CNBC and JUST Capital. The company ranked number one in the Household Goods and Apparel industry and in the top 150 of companies overall.
Through vigorous, objective analysis, JUST Capital, in partnership with CNBC, evaluates and celebrates U.S. corporations that outperform on the issues that matter most to the American public—such as creating jobs in the U.S., paying a fair, living wage, prioritizing accountability to all stakeholders, protecting worker health and safety, providing benefits and work-life balance, cultivating a diverse and inclusive workplace, producing sustainable products, and protecting customer privacy.
Whirlpool Corp. has made considerable progress toward its social and environmental goals, taking meaningful action to protect the planet and support the communities in which it operates. As a result of these efforts, the company is regularly recognized for its long-standing commitment to sustainability, citizenship, and Inclusion and Diversity.
Whirlpool new lineup of convertible chest freezers
Whirlpool’s new chest freezers can easily be converted to refrigerators based on storage needs”. Whirlpool unveiled two new models, including the WZC5216L chest freezer with shelves and WZC5116L convertible freezer to refrigerator with baskets, both available in white finish. The features include: Led lighting, counterbalanced lid, raised shelf and divider (user can create a dedicated space for favorite items that everyone can reach using the raised shelf and divider), built-in drain and rollers (user can lift and shift the freezer to where it’s needed with two smooth-gliding bottom rollers on one side of the unit).
Whirlpool Corporation Named to 2021 Dow Jones Sustainability Indices
Whirlpool Corporation has been named to the 2021 Dow Jones Sustainability Indices (DJSI) North America Index in recognition of the Company’s ongoing focus on environmental and social responsibility. Amid a record number of companies participating in the assessment in 2021, this marks Whirlpool Corporation’s 15th year on the list
Whirlpool $65 million investment in factory
Whirlpool Corporation announced today it is investing more than $65 million over the next several years into its factory in Ottawa, Ohio as part of the company’s ongoing efforts to position the plant as the Premium Refrigeration Factory in its North American Region (NAR). The investment will include an expansion of the Ottawa plant to accommodate production of premium refrigeration products, including Built-In Refrigerator (BIR) production.
With the expected growth of the BIR market, the investment will increase production and provide Whirlpool Corporation with a critical competitive advantage. In addition to plant expansion, this investment will also create 100+ additional jobs. Expansion of the facility’s existing footprint will begin in mid-2022, with Ottawa assuming full production in 2023.
The cutting-edge advancements and Ohio talent will provide a strong competitive advantage as Whirlpool positions Ottawa to be a premium refrigeration plant in the North American market.”
“We’re excited about this investment in the future of the Ottawa Operations and in our people,” said Whirlpool Corporation VP of Integrated Supply Chain and Quality Don Metzelaar. “This is a testament to our skilled workforce, and will unlock our potential to bring the newest and best refrigeration innovation to our customers who count on us to improve their lives at home.”
The company’s Ottawa Operations were established in 1990, and currently produce freezers, under counter ice makers and hybrid heat-pump bases for ventless dryers. Its 485+ employees manufacture products for the Whirlpool, KitchenAid, Amana, Maytag, Gladiator and JennAir brands. The strong collaboration with JobsOhio, Regional Growth Partnership, state and local officials, including the commitment of tax benefits and a JobsOhio grant, supported this important investment decision for the Ottawa operations. This project is contingent on approval of state and local incentives.
“Whirlpool’s plans to invest in its Ottawa facility will bring 100 good-paying new jobs and the latest refrigeration production technology,” said JobsOhio President and CEO J.P. Nauseef. “The cutting-edge advancements and Ohio talent will provide a strong competitive advantage as Whirlpool positions Ottawa to be a premium refrigeration plant in the North American market
Whirlpool 110 year anniversary
11th November 2021, Whirlpool Corporation is celebrating its 110 year anniversary. To mark the occasion, the company will be reflecting on its significant history of innovation and collaboration throughout the decades.
Improving life at home has been at the heart of Whirlpool Corporation’s approach since it was founded in 1911. From humble beginnings, to becoming one of the world’s leading appliance manufacturers, the company has evolved into a well-loved, highly respected brand that is recognised across the globe.
To read about Whirlpool’s history https://www.whirlpoolcorp.com/history/
Whirlpool new chest freezer
Whirlpool unveiled two new models of freezer, including the WZC5216L 16 Cu. Ft. chest freezer with shelves and WZC5116L 16 Cu. Ft. convertible freezer to refrigerator with baskets, both available in a sleek white finish. Among the main features, these new products include: convertible freezer-to-fridge, adapting to the family’s changing needs with extra freezer space or more fresh food storage when needed. Led lighting that showcases food clearly is only available on models WZC5216L and WZC5116L.
Other plusses are: the cunterbalanced lid, that allows the use of both hands to grab what’s needed or organize food while the lid stays open and in place where wanted; raised shelf and divider, that create a dedicated space for favorite items that everyone can reach using the raised shelf and divider; built-in drain; rollers to lift and shift the freezer to where it’s needed with two smooth-gliding bottom rollers on one side of the unit.
WHITEGOODSNOW 