Electrolux Launches Investigation of UK Factory.STOCKHOLM, Sweden -- Regulatory News: Electrolux has decided to launch an investigation into the future viability of a cooker factory in Spennymoor, UK. The factory manufactures free standing and built-in cookers for the UK and Irish markets and has approx. 500 employees. "Imports from countries with lower cost levels have intensified in·ten·si·fy v. in·ten·si·fied, in·ten·si·fy·ing, in·ten·si·fies v.tr. 1. To make intense or more intense: over the last few years, therefore resulting in lower prices. Price erosion and the intensified global competition has significantly undermined the profitability of the factory in Spennymoor which is why we need to review the operations there", says Magnus Yngen, head of Electrolux Major Appliances A major appliance is usually defined as a large machine which accomplishes some routine housekeeping task, which includes purposes such as cooking, food preservation, or cleaning, whether in a household, institutional, commercial or industrial setting. Europe. The investigation is scheduled to be completed during the fourth quarter of 2007. Electrolux is a global leader in home appliances and appliances for professional use, selling more than 40 million products to customers in 150 countries every year. The company focuses on innovations that are thoughtfully designed, based on extensive consumer insight, to meet the real needs of consumers and professionals. Electrolux products include refrigerators, dishwashers, washing machines (storage) washing machine - An old-style 14-inch hard disk in a floor-standing cabinet. So called because of the size of the cabinet and the "top-loading" access to the media packs - and, of course, they were always set on "spin cycle". , vacuum cleaners vacuum cleaner, mechanical device using a draft of air to remove dust, loose dirt, or other particulate matter from dry surfaces. It is especially useful on highly textured surfaces, such as carpets and upholstery, that are difficult to clean by wiping or brushing. and cookers sold under esteemed es·teem tr.v. es·teemed, es·teem·ing, es·teems 1. To regard with respect; prize. See Synonyms at appreciate. 2. To regard as; consider: esteemed it an honor to help them. brands such as Electrolux, AEG-Electrolux, Zanussi, Eureka and Frigidaire. In 2006, Electrolux had sales of SEK SEK In currencies, this is the abbreviation for the Swedish Krona. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 104 billion and 56,000 employees. For more information, visit http://www.electrolux.com/press This information was brought to you by Cision http://newsroom.cision.com |
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