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Appliances, Tools & Housewares

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GE dimitriou reorganises its market operations

Thursday, 12 Jan 2017 10:37am EST

GE Dimitriou SA : Says its fully owned SSM SA unit will market its Singer branded products . Says all remaining products' marketing and their service support will be handled by the new 100 percent owned unit Delta Domestic Appliances SA .Says no changes to occur in its results by the market operations reorganisation.

Arcelik to demerge domestic operations except R&D and production into Arcelik Pazarlama

Wednesday, 12 Oct 2016 03:17am EDT

Arcelik AS : Said on Tuesday that decided to carry out company's domestic operations other than R&D and production activities through a separate legal entity by partial demerger . To transfer all assets and liabilities of dealer management, advertising and sponsorship activities, inventory and stock management, logistics management, guarantee service management, installation and service activities in the balance sheet without compromising the integrity of the business into Arçelik Pazarlama . To have 100 percent ownership in Arçelik Pazarlama .Partial demerger operations to be performed on the basis of company's financial statements dated 30.06.2016.

Hefei Meiling to transfer stake in tech unit to Sichuan-based unit at 5.8 mln yuan

Thursday, 4 Aug 2016 04:43am EDT

Hefei Meiling Co Ltd <000521.SZ>:Says it to transfer 99 percent stake in a Mianyang-based software technology company to a wholly owned Sichuan-based air conditioner subsidiary at 5.8 million yuan.

Fujian Guanfu Modern Household Wares to dissolve two storage service branches

Sunday, 31 Jul 2016 11:49pm EDT

Fujian Guanfu Modern Household Wares Co Ltd <002102.SZ>: Says it plans to dissolve a Fuzhou-based branch and a Xiamen-based branch .Says both of the branches are engaged in storage service.

Zhejiang Supor dissolves 70-pct-owned electrical equipment unit

Wednesday, 6 Jul 2016 11:32pm EDT

Zhejiang Supor Co Ltd <002032.SZ>: Says it dissolved a Zhejiang-based electrical equipment unit .Says the company held 70 percent stake in the unit.

Hangzhou Robam Appliances to dissolve JV

Thursday, 7 Apr 2016 08:00pm EDT

Hangzhou Robam Appliances Co Ltd:To dissolve a 51 pct owned Shanghai-based joint venture engaged in wholesale, import & export, after-sales services of household electrical appliances and accessories.

COWAY to divest water environment business into new subsidiary

Thursday, 10 Dec 2015 02:27am EST

COWAY CO.,LTD:To divest its water environment business into a new wholly owned subsidiary, namely Coway Entech Co.,Ltd.Coway Entech will be engaged in the water environment business.Division effective date of Feb. 29, 2016 and division registration date of March 3, 2016.

Electrolux AB to cut costs in Small Appliances unit, pay GE termination fee

Wednesday, 9 Dec 2015 02:00am EST

Electrolux AB:Cost reduction program within Small Appliances and information on costs related to ge appliances.Says operations continue to be negatively impacted by reduced volumes in several key markets, as well as unfavorable currency movements.Says measures to restore profitability are being taken, including staff reductions and downsizing of activities, mainly in the U.S., Sweden and China.Says ‍these actions are expected to reach full effect from end of 2016, with estimated annual cost savings of 120 million​ Swedish crowns.Says ‍costs related to program are expected to amount to 190 million​ crowns.Says ‍in accordance with terms of transaction agreement, Electrolux will pay termination fee of $175 million to General Electric.

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