Domestic Appliance Industry News

All the latest news from the domestic appliance industry that we find all over the world and stories that are of interest to the trade and public.

Indesit Company's management met on Monday with government and the trade unions at the Ministry of Economic Development to verify the feasibility of an agreement over the reorganisation plan designed to deliver improved competitiveness.

News has reached us today that Haier has pulled out of the joint venture agreement that it had entered with Fagor for a new factory in Poland due to Fagor's current bankruptcy.

Many sources are now reporting that bankruptcy now appears the inevitable outcome for Fagor after Last minute efforts this past week to recapitalise the white goods manufacturer have failed.

It has now been confirmed that Candy has bought Baumatic which entered into administration at the beginning of October.

Amica has introduced a new white glass and steel version of its popular OKC653SW vertical chimney extractor at the request of kitchen and electrical retailers for a complete white-glass package.

The Australian consumer watchdog, the Competition and Consumer Commission has filed proceedings in the Federal Court against Fisher & Paykel Customer Services and Domestic & General for making allegedly false or misleading representations concerning consumers rights under the statutory guarantee regime in the course of offering an extended warranty.

Speculation continues to build that troubled Spanish electrical appliance maker Fagor, employing 5,700 people worldwide, will file for full bankruptcy, Spanish Industry Minister Jose Manuel Soria said yesterday while operations in France have now filed for bankruptcy.

Today a new production line that inaugurated at Arctic at Gaesti in southern Romania with Premier Victor Ponta worth 24 million euros, and is now set to be the largest fridge making plant in Europe, with an annual capacity of 2.5 million units.

Envirocom that is of the UK's largest recycling companies has imported thousands of banned second-hand fridges into Ghana, according to the west African country's energy regulator reports the Guardian.

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