Indesit Company

Arçelik Announces Contribution Agreement to Form a New Standalone European Home Appliance Business with Whirlpool

Retrieved on: 
Tuesday, January 17, 2023
Ignis, EBITDA, Whirlpool Corporation, Leisure, Grundig, Growth, Bauknecht, Levent, Sale, EUR, MENA, Hotpoint, United Arab Emirates, Creative industries, Security (finance), Renewable energy, Airline, Retail, Indesit Company, Privileged positions of business and science, Flavel, Whirlpool

ISTANBUL, Jan. 17, 2023 /PRNewswire/ -- Arçelik's wholly owned subsidiary Ardutch B.V and Whirlpool Corporation's wholly owned subsidiary Whirlpool EMEA Holdings LLC have signed a definitive Contribution Agreement for the creation of a new standalone business in the European home appliances sector.

Key Points: 
  • ISTANBUL, Jan. 17, 2023 /PRNewswire/ -- Arçelik's wholly owned subsidiary Ardutch B.V and Whirlpool Corporation's wholly owned subsidiary Whirlpool EMEA Holdings LLC have signed a definitive Contribution Agreement for the creation of a new standalone business in the European home appliances sector.
  • The agreement will see both Ardutch and Whirlpool transfer their European subsidiaries to the new company.
  • After these transfers, it is expected that 75 per cent of the newly formed company will be allocated to Ardutch B.V. and 25 per cent to Whirlpool.
  • Arçelik, as a respected player in its industry, is carrying its vision and ambitions much further with this new standalone business.

Arçelik Announces Contribution Agreement to Form a New Standalone European Home Appliance Business with Whirlpool

Retrieved on: 
Tuesday, January 17, 2023
Ignis, EBITDA, Whirlpool Corporation, Leisure, Grundig, Growth, Bauknecht, Levent, Sale, EUR, MENA, Hotpoint, United Arab Emirates, Creative industries, Security (finance), Renewable energy, Airline, Retail, Indesit Company, Privileged positions of business and science, Flavel, Whirlpool

ISTANBUL, Jan. 17, 2023 /PRNewswire/ -- Arçelik's wholly owned subsidiary Ardutch B.V and Whirlpool Corporation's wholly owned subsidiary Whirlpool EMEA Holdings LLC have signed a definitive Contribution Agreement for the creation of a new standalone business in the European home appliances sector.

Key Points: 
  • ISTANBUL, Jan. 17, 2023 /PRNewswire/ -- Arçelik's wholly owned subsidiary Ardutch B.V and Whirlpool Corporation's wholly owned subsidiary Whirlpool EMEA Holdings LLC have signed a definitive Contribution Agreement for the creation of a new standalone business in the European home appliances sector.
  • The agreement will see both Ardutch and Whirlpool transfer their European subsidiaries to the new company.
  • After these transfers, it is expected that 75 per cent of the newly formed company will be allocated to Ardutch B.V. and 25 per cent to Whirlpool.
  • Arçelik, as a respected player in its industry, is carrying its vision and ambitions much further with this new standalone business.

Shaker and LG Expand Long-Term Partnership With New Supply Agreement For Home Appliance and Home Entertainment Products

Retrieved on: 
Tuesday, December 20, 2022
EnergySolutions, Ariston, Atmosphere, Partnership, Home appliance, Maytag, ESCO, LG Electronics, Carbon, United Nations Industrial Development Organization, Air conditioning, LG, Conditional sentence, Renewable energy, Weapon, Midea, Indesit Company, Kingdom

In line with Shaker's sustainability agenda, LG's product range boasts innovative technologies and energy-efficient solutions that reduce the levels of carbon emission through product usage.

Key Points: 
  • In line with Shaker's sustainability agenda, LG's product range boasts innovative technologies and energy-efficient solutions that reduce the levels of carbon emission through product usage.
  • The agreement is also a major step in expanding Shaker's portfolio mix to ensure that we cater to the growing demand for high-quality home appliances and home entertainment products in Saudi Arabia.
  • Shaker has had a unique joint venture with LG for more than 20 years as the sole distributor of LG air conditioners in Saudi Arabia.
  • Shaker was founded in 1950 and was amongst the first in Saudi Arabia to introduce Air Conditioning & Home Appliances for Saudi consumers.

Shaker and LG Expand Long-Term Partnership With New Supply Agreement For Home Appliance and Home Entertainment Products

Retrieved on: 
Tuesday, December 20, 2022
EnergySolutions, Ariston, Atmosphere, Partnership, Home appliance, Maytag, ESCO, LG Electronics, Carbon, United Nations Industrial Development Organization, Air conditioning, LG, Conditional sentence, Renewable energy, Weapon, Midea, Indesit Company, Kingdom

In line with Shaker's sustainability agenda, LG's product range boasts innovative technologies and energy-efficient solutions that reduce the levels of carbon emission through product usage.

Key Points: 
  • In line with Shaker's sustainability agenda, LG's product range boasts innovative technologies and energy-efficient solutions that reduce the levels of carbon emission through product usage.
  • The agreement is also a major step in expanding Shaker's portfolio mix to ensure that we cater to the growing demand for high-quality home appliances and home entertainment products in Saudi Arabia.
  • Shaker has had a unique joint venture with LG for more than 20 years as the sole distributor of LG air conditioners in Saudi Arabia.
  • Shaker was founded in 1950 and was amongst the first in Saudi Arabia to introduce Air Conditioning & Home Appliances for Saudi consumers.

Whirlpool Corp. announces plans to bring Matter support to its smart appliance models and joins Matter working group focused on appliances

Retrieved on: 
Thursday, November 3, 2022
Software, CEO, Silicon, Industry, Consul, Efficiency, KitchenAid, Bauknecht, Zigbee, IOT, Whirlpool Corporation, Life, WHR, Subaru Global Platform, JennAir, NYSE, Alliance, Language, Multimedia, Whirlpool, Home appliance, Indesit Company, Maytag, Matter

Whirlpool Corp. will also be an active member of the Matter working group focused on supporting appliances in a future version of Matter, and will add support to the company's smart appliance lineup when that support launches.

Key Points: 
  • Whirlpool Corp. will also be an active member of the Matter working group focused on supporting appliances in a future version of Matter, and will add support to the company's smart appliance lineup when that support launches.
  • "Matter allows consumers to enjoy all the smart features found on our products, while connecting compatible devices and systems with one another and controlling them from their preferred app or voice assistant."
  • Matter is the new language of the smart home, led by the Connectivity Standards Alliance, with support from hundreds of the world's leading IoT and smart home companies.
  • Whirlpool Corporation (NYSE: WHR) is committed to being the best global kitchen and laundry company, in constant pursuit of improving life at home.

Emerson Completes the Sale of the InSinkErator Business to Whirlpool Corporation

Retrieved on: 
Tuesday, November 1, 2022
Electronic Design Automation, Retail, Technology, Home Goods, Manufacturing, Software, Other Manufacturing, Goal, Growth, KitchenAid, InSinkErator, Life, Annual report, Whirlpool Corporation, Automation, WHR, SEC, Consul, EMR, NYSE, Whirlpool, JennAir, Sale, Company, Bauknecht, Home appliance, Indesit Company, Maytag

Emerson (NYSE: EMR) today announced it has completed the previously announced sale of its InSinkErator business to Whirlpool Corporation (NYSE: WHR) for $3.0 billion.

Key Points: 
  • Emerson (NYSE: EMR) today announced it has completed the previously announced sale of its InSinkErator business to Whirlpool Corporation (NYSE: WHR) for $3.0 billion.
  • Whirlpool Corporation, a leader in the home appliance industry, is well positioned to build on InSinkErators strong legacy and performance for long-term growth and success.
  • Emerson (NYSE: EMR) is a global technology and software company providing innovative solutions for the worlds most essential industries.
  • Whirlpool Corporation (NYSE: WHR) is committed to being the best global kitchen and laundry company, in constant pursuit of improving life at home.

Whirlpool Corporation Declares Quarterly Dividend

Retrieved on: 
Tuesday, October 18, 2022
WHR, Bauknecht, SEC, Regulation Fair Disclosure, Life, Investor, NYSE, JennAir, Twitter, Multimedia, Consul, Hot Topic, Regulation, KitchenAid, Whirlpool Corporation, Whirlpool, Disclosure, View, Online shopping, Indesit Company, Maytag

BENTON HARBOR, Mich., Oct. 17, 2022 /PRNewswire/ -- Today the board of directors of Whirlpool Corporation (the "Company") declared a quarterly dividend of $1.75 per share on the company's common stock.

Key Points: 
  • BENTON HARBOR, Mich., Oct. 17, 2022 /PRNewswire/ -- Today the board of directors of Whirlpool Corporation (the "Company") declared a quarterly dividend of $1.75 per share on the company's common stock.
  • The dividend is payable on December 15, 2022, to stockholders of record at the close of business on November 18, 2022.
  • Whirlpool Corporation (NYSE: WHR) is committed to being the best global kitchen and laundry company, in constant pursuit of improving life at home.
  • In 2021, the company reported approximately $22 billion in annual sales, 69,000 employees and 54 manufacturing and technology research centers.

WHIRLPOOL CORPORATION TO ANNOUNCE THIRD-QUARTER RESULTS, PROVIDE PORTFOLIO TRANSFORMATION UPDATE AND LONG-TERM PERSPECTIVE ON OCTOBER 20 AND HOLD CONFERENCE CALL ON OCTOBER 21

Retrieved on: 
Thursday, October 13, 2022
WHR, Bauknecht, SEC, Regulation Fair Disclosure, Life, Investor, Conference, NYSE, JennAir, Multimedia, Consul, Company, Hot Topic, Regulation, KitchenAid, Whirlpool Corporation, Whirlpool, Disclosure, View, Pharmaceutical industry, Indesit Company, Maytag

Whirlpool Corporation will then hold a conference call to discuss its performance with the investment community at 8 a.m.

Key Points: 
  • Whirlpool Corporation will then hold a conference call to discuss its performance with the investment community at 8 a.m.
  • To participate in the conference call, dial 1 (888) 440-4038 and Conference ID 2610251. International participants should dial 1 (646) 960-0861 and Conference ID 2610251.
  • Participants should dial in at least 10 minutes prior to the call, as they may experience longer than usual wait times.
  • Whirlpool Corporation (NYSE: WHR) is committed to being the best global kitchen and laundry company, in constant pursuit of improving life at home.

Whirlpool Corp. named to Forbes' list of 'World's Best Employers' in back-to-back years

Retrieved on: 
Tuesday, October 11, 2022
WHR, Fortune (magazine), Culture, Bauknecht, Life, Boys & Girls Clubs of America, Forbes, ESG, Whirlpool Corporation, Education, NYSE, Organization, Diversity, JennAir, Corporate Equality Index, Habitat for Humanity, Multimedia, Employee resource group, Plant, Consul, Korea Human Rights Foundation, Corporate governance, World, Human Rights Foundation, KitchenAid, Whirlpool, Erg, CNBC, Boy, Renewable energy, Creative industries, Indesit Company, Maytag, Newsweek

BENTON HARBOR, Mich., Oct. 11, 2022 /PRNewswire/ -- Whirlpool Corporation (NYSE: WHR) announced today it has been named to Forbes' 2022 list of the "World's Best Employers."

Key Points: 
  • BENTON HARBOR, Mich., Oct. 11, 2022 /PRNewswire/ -- Whirlpool Corporation (NYSE: WHR) announced today it has been named to Forbes' 2022 list of the "World's Best Employers."
  • The list includes companies worldwide and acknowledges each company's dedication to make every individual feel at home within the four walls of the business.
  • For nearly 111 years, Whirlpool Corporation has taken meaningful actions to cultivate a strong, inclusive and diverse culture to support its employees around the world.
  • Whirlpool Corporation (NYSE: WHR) is committed to being the best global kitchen and laundry company, in constant pursuit of improving life at home.

Whirlpool Corp. celebrates its employees by asking them 'why they work in manufacturing' in new video for Manufacturing Day: Friday, Oct. 7

Retrieved on: 
Friday, October 7, 2022
WHR, MFG, Bauknecht, City, Life, Growth, Whirlpool Corporation, Family, Parent, NYSE, Attitude, JennAir, Love, Workforce, Multimedia, Consul, Student, Friends, Blood, KitchenAid, Workplace, Environment, Home appliance, Indesit Company, Maytag, Whirlpool

BENTON HARBOR, Mich., Oct. 7, 2022 /PRNewswire/ -- Today Whirlpool Corp. released a video featuring employees from its local plants in nine different U.S. cities to celebrate Manufacturing Day. Held annually on the first Friday in October, Manufacturing Day (MFG Day) traditionally highlights the reality of modern manufacturing careers by encouraging thousands of companies around the nation to open their doors to students, parents, teachers and community leaders. The new video is aimed at exposing students and other potential job seekers to roles at Whirlpool Corp. and features plant employees explaining why they love working in manufacturing.

Key Points: 
  • The new video is aimed at exposing students and other potential job seekers to roles at Whirlpool Corp. and features plant employees explaining why they love working in manufacturing.
  • "This video showcases our unique and talented workforce across North America, and explains why working in manufacturing and at Whirlpool Corp. is a rewarding and engaging career path."
  • Whirlpool Corporation employees highlighted in this Manufacturing Day Video speak about their roles, and how they've been provided opportunities for educational reimbursement and career advancement.
  • Here are just a few of those comments:
    "Manufacturing is the family business," says Mike Fought of Whirlpool Clyde Operations.