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

Electrolux Will Close Spain Factory
Oct 26, 2009
 Printable format
 Email this Article
 Search

Electrolux said that, although its 3Q 2009 profit increased 93%, it expects further decline in the European appliance market and it plans to close its plant in Alcalà, Spain.

3Q net profit was 1.6 billion kronor (approx. US$236 million). Revenue for the 3Q period increased 5%.

Hans Straberg, chief executive said that, "In North America, after a very successful launch of the Electrolux brand in the premium appliance segment, we have re-launched the Frigidaire brand in the medium-price segment. And in Europe, we have successfully gained market shares in the profitable built-in segment, primarily by strengthening our position in the important German market. Another example is the new premium vacuum cleaner UltraOne, which has clearly contributed to the earnings improvement within our floor-care operations."

Yet, he added that "Market development continues to be weak, as expected. Even though we see things stabilizing in North America, the European market has not yet hit bottom."

Separately, Electrolux said it will discontinue production at a factory in Alcalà, Spain by 2011. The factory manufactures entry level washing machines for the Spanish, Portuguese, French, and UK markets and has 450 employees.

Back to Daily News

 

Daily News

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

Dec 17, 2014: Bosch names Kenny head of marketing

Dec 17, 2014: Multifamily Production Index off its peak, but still positive

Dec 17, 2014: AHRI launches two new certification programs

Dec 16, 2014: Arçelik awarded for fridge with integrated ice-cream bowl

Dec 16, 2014: Report: appliance segment at the top of 2014 reshoring list

More Daily News>>

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

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

November 2014: Appliance Magazine Market Insight Annual Subscriptions
November 2014: U.S. Appliance Industry: Market Value, Life Expectancy & Replacement Picture 2014
October 2014: Portrait of the European Appliance Industry
September 2014: Appliance Industry Focus: HVAC




 
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