Europe Home Appliances News

Related Home Appliances Industry News

• In January 2024, LG Electronics (LG) bolstered its manufacturing capabilities by inaugurating a state-of-the-art scroll compressor production line at its Monterrey facility in Mexico.
• In April 2023, German engineering and technology firm, Robert Bosch, known for its production of domestic appliances, had initially earmarked USD 75.3 million for its Aguascalientes operations in Mexico. However, the company has now decided to ramp up its investment, committing a substantial USD 258.2 million to the facility.

• February 2024: Panasonic unveiled its latest series of air conditioners for the year 2024, featuring a selection of room ACs equipped with Matter technology in India.
• January 2024: Bosch Home Appliances has unveiled the introduction of a fresh range of countertop Fully Automatic Espresso Machines. This remarkable line of products has been recognized as a CES 2024 Innovation Award Honoree in the smart home category.

• June 2022: Keurig Dr. Pepper Inc. and Intelligentsia Coffee collaborated to launch Intelligentsia in K-Cup pods for the Keurig brewing system, making it the first time consumers can enjoy this super-premium coffee brand in this convenient format.
• February 2022: Nestle Nespresso S.A. partnered with social impact start-up OpenSC to introduce a new technology aimed at enhancing transparency in the supply chain of the Kahawa Ya Kongo coffee.

• In May 2023, Samsung, launched its 2023 range of semi-automatic washing machines that come with new features such as Soft Closing Toughened Glass Lid and Dual Magic Filter. These added features make this latest range an ideal purchase for a seamless laundry experience.
• In March 2023, Haier, announced the launch of its new line-up of anti-scaling top load washing machines. Powered by Haier's anti-scaling technology, bionic magic filter, and 3D rolling wash, the new range complements modern lifestyle needs making the laundry experience efficient, simple, and effortless along with taking care for fabric.
• In Januaruy 2023, Samsung, announced the launch of its top-of-the-line, premium Side-by-Side Refrigerator range. This new range is 100% manufactured in India and comes with several India-specific features based on consumer insights that will make the lives of consumers convenient and better.

• In August 2020, Samsung Electronics Co. Ltd announced the launch of a new RB7300 refrigerator that delivers core cooling performance while offering a large, flexible capacity to meet all types of food storage needs.

• January 2023: Rheem Corporation launched its new Performance Platinum Smart Electric Water Heater. The water heater is equipped with a Wi-Fi-enabled thermostat that allows users to control the temperature of their water remotely.
• June 2023: Saudi Ceramics introduced new SCC water heaters with low energy consumption, which contributed to saving electricity bills. Available in plastic models, the outer case is made with high-quality and durable plastic. One thermostat controls water temperature and automatically cuts power; the other operates in case of failure of the main one.

• August 2023: Overstock.com Inc., in collaboration with Bed Bath & Beyond, unveiled BedBathandBeyond.com in the United States. This strategic move consolidates the strengths of both companies, creating a unified online retail platform operating exclusively as Bed Bath & Beyond.
• June 2023: Online retailer Overstock.com Inc. strategically acquired select intellectual property assets from Bed Bath & Beyond's banner. The acquisition took place through a process overseen by the Bankruptcy Court.
• April 2023: In a significant move, IKEA unveiled a USD 2.2 billion investment plan for its omnichannel expansion in the United States. The Swedish furniture giant is set to revamp its store footprint, enhance its fulfillment capabilities, and introduce a tailored product range to meet the evolving needs of American households. This landmark investment marks IKEA's most substantial commitment in its four-decade-long presence in the US market.

• In September 2023, At a capital expenditure of Rs. 70 crores, Kajaria announced an extension for large glazed vitrified tiles at the Sikandrabad factory, increasing its capacity from 8.4 MSM/annum to 10.2 MSM/annum.
• In July 2023, Somany Ceramics Limited introduced the unique line of luxury tiles, titled "Embrace the Extraordinary - Igniting a New Era of Luxury in Tiles," in Jammu. The designs in the collection, which include creative cladding possibilities, wood finishes, stone textures, and fabric patterns, are inspired by nature.

• December 2023:Ralph Lauren Corporation recently unveiled a significant and enduring partnership with Haworth Lifestyle Design, a renowned industry frontrunner in luxury furniture design, production, and distribution. This collaboration will empower Ralph Lauren to extend further and enhance its home business, solidifying its market position.
• March 2023: Welspun Group has successfully finalized the purchase of Sintex BAPL, a plastics products manufacturer that private equity firm KKR previously supported. A bankruptcy court approved this acquisition, and Welspun Corporation, a group subsidiary, carried it out. By acquiring Sintex BAPL, Welspun Group, known for its expertise in home textiles and line pipes, will be able to enhance its plastic business-to-consumer operations.

• August 2023: Shivalik Group, an Ahmedabad-based real estate developer, and Stanley Furniture, one of India's top fully integrated luxury furniture manufacturers, forged a strategic partnership. The goal of this partnership is to open luxurious furniture stores throughout Gujarat.
• March 2023: Durian Furniture launched its spring 2023 offerings of veneer furniture pieces, available both in-store and online. The company launched a coveted collection of timeless coffee tables, side tables, TV units, and buffets that merge with the inherent beauty of exotic veneers and mesmerizing patterns handcrafted by skilled Marquetry artisans.