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 Investigates Potential Closure of German Factory
Jun 7, 2005
 Printable format
 Email this Article
 Search

Sweden-based appliance maker Electrolux said that it is investigating a possible closure of its factory in Nuremberg, Germany and that other production sources are being considered.

"Declining price levels and new competitors with lower cost bases make it necessary for the whole industry to take actions," Johan Bygge, head of Electrolux Major Appliances Europe, said. "The products being manufactured in Nuremberg are exposed to severe price pressure. We have to acknowledge that consumers are not willing to pay higher prices for products produced in a specific country."

The Electrolux factory in Nuremberg has approximately 1,750 employees and manufactures washing machines, dishwashers, and dryers. A potential closure of the factory would incur a total cost of approximately SEK 2.1 billion (approx. U.S. $282.3 million).

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