Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

Fagor Invests in Growth
Apr 7, 2006
 Printable format
 Email this Article
 Search

Fagor Electrodomésticos appears to be satisfied with the progress it has made in structuring its business since the takeover of Groupe Brandt last year and is ready to begin aggressively expanding its markets. The company, which is now considered to be the fifth-largest white goods appliances maker in Europe, embarked on a 3-year initiative that is designed to grow its market share in Europe from it's current 5.8 percent to 8.3 percent by 2009 according to a report by Basque media outlet EITB.

The current expansion plan, as reported by the news service, calls for investing approximately 275 million euros (U.S. $335 million) by 2009. The investment will be used on projects such as Chinese production and sale of boilers. In Europe, the company is launching the new Driron clothes dryer and steamer. Clothes can be removed from the washer and hung in the appliance to be dried and pressed. Inserts are provided with the appliance for drying dress shirts and other items. The company will also focus on renewable energy appliances and, EITB says, promote and consolidate its De Dietrich brand.

Back to Daily News

 

Daily News

...........................................................

Oct 2, 2014: Consumer confidence down in September

Oct 2, 2014: Canadian HVAC/R wholesaler sales down 0.8% in August

Oct 1, 2014: Whirlpool on Manufacturing Day: on track to exceed $1 billion U.S. investment goal

Oct 1, 2014: Commercial appliance spending and other restaurant capital spending solid in August

Oct 1, 2014: Appliance maker Gorenje is first Slovenian company with a European Works Council

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

September 2014: Appliance Industry Focus: HVAC
June 2014: Appliance Magazine Market Insight: April 2014
May 2014: Appliance Magazine Market Insight: March 2014
April 2014: Appliance Magazine Market Insight: February 2014




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Plastics Today | Powder Bulk Solids | Canon Trade Shows