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Electrolux profits up; Inbrief.


APPLIANCE maker Electrolux, which has a base at Newton Aycliffe Coordinates:  Newton Aycliffe is a town in County Durham, England. Founded in 1947 under the New Towns Act of 1946, it is the oldest new town in the north of England. It has a population of 29,000 people (source: Greate Aycliffe Town Council, 2007). , has reported a 93% rise in third-quarter profits after cost cuts and increased prices helped it offset weak market demand. The maker of 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 said net profits were pounds 144.6m with revenues increasing by 5% to pounds 2.49bn, boosted by higher prices and favourable currency exchange rates. The company axed 3,000 jobs at the end of last year, including more than 500 posts through the closure of a cooker factory in Spennymoor, County Durham “Durham county” redirects here. For other uses, see Durham County.

County Durham is a county in north-east England. It can be used to refer to 4 different entities:
  • the historic County of Durham
  • the administrative county of Durham
. It also announced plans last week to close a plant in Spain, costing 450 jobs, as the company looks to shift production to lower-cost countries.
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Title Annotation:Business
Publication:Evening Gazette (Middlesbrough, England)
Article Type:Financial report
Date:Oct 27, 2009
Words:119
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