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Candy domestic appliances news and events

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Reports in the Italian press seem to indicate that Candy is shaking up it's brands in a bid to cut costs. The rationalisation is to put the Candy house in order and to unit the businesses of the appliance ones under the same roof and to eliminate duplications of structure.

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Candy have announced that as of Friday 29th February 2008 the prices of all the group's spares will rise by 4.1%. New pricing information will be sent to agents and spares suppliers in the week of the price increase.

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Raw material price increases were substantial for European appliance producers in 2006. Italy's Candy Group said material costs will not have a significant impact on positive 2006 results "“ but chairman Aldo Fumagalli said 2007 will bring new challenges as many raw materials supply agreements are renegotiated.

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European appliance maker Candy Group signed an agreement with Jiangmen Washing Machine Factory on the acquisition of 75 percent of Jinling Electrical Co. Ltd. Under the agreement, Candy will manufacture washing machines in Jinling's factory and produce both Jingling and Candy brand washing machines in China. Jinling is based in Jiangmen, Guandong Province, China, and is reportedly the third ranking brand in the Chinese market with 800,000 units sold in 2005.

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Italy-based appliance maker Candy Group started production at its new washing machine plant in Russia. In 2005, Candy purchased the Vesta plant in the Kirov Region for 15 million euros (approx. U.S. $19 million) to produce Vyatka washing machines.

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(AGI) - Milan, Sept. 15 - "For these kind of acquisitions and the other ones we're planning in the Eastern countries our profits will be enough. However, should we need to seize a relevant opportunity with a huge economic commtiment, we're ready to revise our position and consider to go public."

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A South Wales logistics company is aiming to treble revenues in the next five years after securing a multi-million-pound new deal with one of the UK's leading electrical ventures.

Ystrad Mynach-based TWT has secured a long-term contract to deliver all Hoover-Candy appliances throughout the United Kingdom.

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GIAS Service, the service and spares arm of Candy, Hoover, Rosieres and Kelvinator have announced an increase in their spares pricing to take effect from the 20th October 2004. The change is far lower than that recently announced by Distriparts, the spares arm of the Electrolux Group in the UK which covers AEG, Electrolux, Zanussi, Tricity Bendix, Parkinson Cowan amongst other brands.

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Loyalty to the Candy brand and the professional after-sales service are among the main reasons for the success achieved locally in the white goods sector by V. Demajo & Bros of Paola. This is how Salvatore Pepe, export area manager of Candy SpA, described the 50-year relationship between Candy SpA and their representatives in Malta.

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Salvatore Pepe, export area manager of Candy SpA, left Malta last Sunday after a week's visit. Mr Pepe, who is also responsible for North Africa, Cyprus and Southern and Eastern Africa, was here on one of his regular visits for talks with Messrs V. Demajo & Bros of Paola, the agents of Candy appliances in Malta.