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

Whirlpool India Targets 15-Percent Growth
Aug 29, 2003
 Printable format
 Email this Article
 Search

Whirlpool of India Ltd is aiming for a growth of 15 percent in calendar year 2003 over a turnover of Rs 1,200 crore in 2002. The appliance company is expecting to post profitability for the second consecutive year —it is said to have posted a net profit of Rs 10 crore in 2002.

Whirlpool of India Ltd managing director Raj Jain told the Financial Express that the company had secured profits of Rs 5 crore in the first half of 2003 and that it hoped to surpass last business year’s performance.

"We’re consolidating our operations this year, following the restructuring of our workforce (the company cut 500 headcount) in 2002," said Mr Jain. "Even in terms of distribution, we plan to consolidate our existing 6,000-strong dealership network and will not venture into company-owned showrooms," he added.

The company is also readying to strengthen its product portfolio with the launch of stand-alone cloth-driers, priced at around Rs 15,000 this year. In 2002, Whirlpool India entered the airconditioner (AC) market with products in the price range of Rs 15,000-Rs 30,000.

"The company aims to sell 50,000 units of ACs in 2003. We are also planning to launch a completely new range of washing machines, priced between Rs 12,000 and Rs 15,000," he added. (Financial Express)

Back to Daily News

 

Daily News

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

Aug 29, 2014: Adaptive Frequency Drive Increases Trane Chiller Efficiency

Aug 29, 2014: Vitamix President Receives Entrepreneur of the Year Award

Aug 28, 2014: LG Heat Pump Clothes Dryer Earns Emerging Technology Award

Aug 28, 2014: Early Snowthrower Demand Boosts Toro Sales

Aug 27, 2014: Sustainability Standard Launched for Household Portable and Floor Care Appliances

More Daily News>>

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

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

March 2014: Market Research - 62nd Annual U.S. Appliance Industry Forecast
February 2014: Appliance Magazine Market Insight: December 2013
January 2014: Market Research - Appliance Historical Statistical Review: 1954-2012
January 2014: Appliance Magazine Market Insight: November 2013




 
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 | Pharmalive | Plastics Today | Powder Bulk Solids | Canon Trade Shows