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

Miele Sets Up Subsidiary in South Korea
Jun 29, 2005
 Printable format
 Email this Article
 Search

German home appliance maker Miele has established a South Korean subsidiary, launching its full-blown efforts to tap the local market.

Miele said it has decided to set up the Korean unit, Miele Korea, given the rising demand for high-end electronics products in the local market.

"Top priority will be placed on selling built-in appliances, and local demand for premium electronics products is expected to be strong," the appliance maker said. The local subsidiary will target apartments and commercial-residential buildings with high-end appliances, it said.

The German company had sold its washing machines, vacuum cleaners, and integrated kitchen appliances through a local importer, Ssangyong Corp., since 1990.

The appliance maker, which has wholly owned subsidiaries in 35 countries with a global network of 120 dealers, posted sales of 2.19 billion euros (approx. U.S. $2.67 billion) last year. (Yonhap)

Back to Daily News

 

Daily News

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

Dec 22, 2014: DOE's Building Technologies Office releases Roadmap for Emerging HVAC Technologies

Dec 19, 2014: Whirlpool Corp. provides guidance for 2015

Dec 19, 2014: Panasonic to showcase built-in appliances at LivingKitchen 2015

Dec 19, 2014: New residential construction in November 2014

Dec 19, 2014: 2014 U.S. steel production up 0.7% from 2013

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