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

Caravell Moves Some Danish Production to Turkey
Nov 1, 2006
 Printable format
 Email this Article
 Search

Denmark’s Caravell Group began the transfer of production of upright coolers and freezers out of its Danish plant in Aalestrup to a new factory in Turkey. Caravell has stopped uprights production in Denmark to begin moving machinery to Turkey, which is expected to begin producing upright models in January 2007. Chest freezer production will remain in Aalestrup.
This is one of the latest moves from Caravell since it was acquired in July by Metalfrio Solutions Ltda., a leading player in the commercial refrigeration business in Latin America and North America. Caravell has a strong presence in Europe and Russia, and the joining of the companies created a new entity with a global scope. Metalfrio acquired two key European companies in the acquisition—Caravell A/S and Derby A/S, and their respective brands.
The primary motivation for the acquisition is the increasing importance of economies of scale in the product sector. With the acquisition of Caravell, Metalfrio group’s total annual production will grow to more than 370,000 units, bringing competitive benefits to its factories in Brazil, Denmark, Russia, and Turkey. The Brazilian company intends to become one of the three largest global players in its core business. The newly formed group is expected to have a turnover of 200 million euros in 2006.

Back to Daily News

 

Daily News

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

Oct 30, 2014: Whirlpool Corp. reports strong third-quarter

Oct 30, 2014: Statistical Portrait of the European Appliance Industry Released by Appliance Magazine

Oct 30, 2014: New Whirlpool acquisition Indesit reports profit for year so far

Oct 30, 2014: Consumer Confidence Index rebounds in October

Oct 29, 2014: New home sales up slightly in September 2014

More Daily News>>

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

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

October 2014: Portrait of the European Appliance Industry
September 2014: Appliance Industry Focus: HVAC
June 2014: Appliance Magazine Market Insight: April 2014
May 2014: Appliance Magazine Market Insight: March 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