|
CLICK
HERE FOR NEWS ARCHIVE
Heated
Towel Rails are 'In Vogue' in Afghanistan
A
Black Country manufacturer of heated towel rails and radiators is going
global - with help from UK Trade & Investment.
Vogue UK, of Strawberry Lane Industrial Estate, Willenhall, specialises
in luxury, hand crafted products, mainly for hotels and residential apartments.
Established in 1990, the company employs 80 staff and has an annual turnover
of approximately £8m.
It has been working with UK Trade & Investment's international trade
team at Black Country Chamber of Commerce for four years to develop its
export business.
During this time, export manager Chris Creasey, following support from
UK Trade & Investment, has secured sales in markets as diverse as
South Korea, Japan, Pakistan, the Czech Republic, Romania, Bulgaria, Germany,
Norway and most recently, Afghanistan.

International
trade adviser John Pilley (left) is pictured with Chris Creasey, export
manager at Vogue UK.
He said: 'We will shortly be working on projects for a heating system
at Kabul International Airport and for the installation of heated towel
rails at two five-star hotels in Afghanistan. These contracts look set
to bring in around US Dollars 1.5m.
'We won the business from leads generated when I attended a trade show
in Dubai in November 2005 thanks to support from our international trade
adviser, John Pilley, through UK Trade & Investment's Passport scheme.
'I went on to visit Afghanistan in October 2006 and saw many construction
projects which could provide lucrative opportunities for British companies
such as ours.
'UK Trade & Investment's commercial teams at the British embassies
carried out Overseas Market Introduction Service (OMIS) reports on the
other countries for us.
'These reports were really useful because they gave me excellent leads
to follow up, and circulated the company's name in the markets concerned.
'Before 2002, our export sales were reactive and therefore limited. Now,
they have reached about £2m per year, accounting for 25 per cent
of our turnover. Our exports are set to rise by 30 per cent this year,
and we are looking at taking on new staff to deal with the demand from
overseas.'
Future target markets for the company include Argentina and Mexico.
Vogue UK joined UK Trade & Investment's Passport initiative - a flagship
scheme that gives new exporters the training, planning and ongoing support
they need to succeed overseas - in 2003, and completed the scheme last
autumn.
Through Passport, the company has benefited from a package of support,
inclusive of: a free export health check, attending an export workshop,
assistance in formulating an international trade strategy and matched
funding to help implement this strategy, quality training and mentoring
advice, access to the full range of UK Trade & Investment services
and membership of the Midlands World Trade Forum, the regional export
club.
International trade adviser John Pilley, based at Black Country Chamber
of Commerce, said: 'Chris Creasey is a shining example of someone who
follows the three golden rules of exporting - thorough research, enthusiasm
and visiting the market.
'I'm delighted with Vogue UK's success, and look forward to continuing
to work with the company.'
For more information about how UK Trade & Investment can help your
business expand into new markets abroad, contact the international trade
team at Black Country Chamber of Commerce on Tel: 01384 360479.
Kitchen
Companies Fined for 'Silent Calls'
Ofcom
has imposed financial penalties on four companies under section 130 of
the Communications Act 2003 (the Act). Penalty notices have
been issued to Bracken Bay Kitchens Ltd, Space Kitchens and Bedrooms Ltd,
Toucan Residential Ltd (formerly IDT Direct Ltd) and Carphone Warehouse
plc, for contravening section 128 of Act by making an excessive amount
of silent or abandoned calls.
Silent calls can occur when automated calling systems used by call centres
generate more calls than the available call centre agents can manage.
When the person called answers the telephone and there is no agent available,
the automated calling system abandons the call. This can result in the
person called experiencing silence on the line when they answer the telephone.
Ofcom has imposed the following penalties:
Space Kitchens £45,000
Bracken Bay Kitchens £40,000
Carphone Warehouse £35,000
Toucan £32,500
The penalty notices have been issued following the four notifications
of misuse of networks and services that Ofcom issued to these companies
on 3 November 2006 (the Notifications). In the Notifications,
Ofcom set out its findings that there were reasonable grounds to believe
that each of these companies has engaged in persistent misuse of an electronic
communications network or electronic communication services in a way that
causes annoyance, inconvenience or anxiety to consumers. This conduct
contravenes section 128(5)(a) and section 128(6)(a) of the Act.
Ofcom's investigation found that some or all of these four companies had:
* Repeatedly exceeded the 3% limit for abandoned calls. Between April
and July 2006 all four companies' abandoned call rates regularly exceeded
3% and in some cases were higher than 20%;
* Failed to include a recorded information message to prevent abandoned
calls from being silent calls, during some or all of the period under
investigation;
* Engaged in other forms of conduct which Ofcom considers contribute to
the persistent misuse as set out in Ofcom Guidelines and specified in
the notification issued to each company. The companies were given until
6 December 2006 to make representations in relation to the matters set
out in the Notifications. Ofcom has now considered representations by
each of the companies and has decided to issue a financial penalty in
each case.
The maximum financial penalty Ofcom can impose under section 130 of the
Act is £50,000 per notification.
For Ofcom penalty guidelines see: http://www.ofcom.org.uk/about/accoun/pg/
UK
Insolvencies In The Fourth Quarter 2006
There
were 3,194 company liquidations in England and Wales in the fourth quarter
of 2006 on a seasonally adjusted basis. This was a decrease of 1.4% on
the previous quarter and a decrease of 0.1% on the same period a year
ago.
This was made up of 1,411 compulsory liquidations, an increase of 4.9%
on the previous quarter and an increase of 9.7% on the corresponding quarter
of the previous year, and 1,783 creditors voluntary liquidations, a decrease
of 5.9% on the previous quarter and a decrease of 6.7% on the corresponding
quarter of the previous year.
0.6% of active companies went into liquidation in the twelve months ended
Q4 2006, a decrease from 0.7% in the previous quarter and the corresponding
quarter of 2005.

There
were 29,804 individual insolvencies in England and Wales in the fourth
quarter of 2006 on a seasonally adjusted basis. This was an increase of
7.1% on the previous quarter and an increase of 44.1% on the same period
a year ago.
This was made up of 17,063 bankruptcies, an increase of 9.6% on the previous
quarter and an increase of 24.8% on the corresponding quarter of the previous
year, and 12,741 Individual Voluntary Arrangements (IVAs), an increase
of 3.9% on the previous quarter and an increase of 81.9% on the corresponding
quarter of the previous year.
Electrolux
Awarded EU Sustainable Energy Award
Electrolux
President and CEO Hans Stråberg pushes for incentives to replace
old appliances with new, and energy efficient ones.
Electrolux has received the prestigious Sustainable Energy Award in Corporate
Commitment Category from the European Commission. The award recognizes
the company's ongoing efforts to reduce energy consumption of products,
factories and services.
The award is part of the Commission's Sustainable Energy Europe 2005-2008
initiative, which aims to increase public awareness for renewable energy,
energy efficiency, clean transport and alternative fuels.
'I am very proud that Electrolux received this award, which recognizes
our efforts in the field of energy-efficiency', says Electrolux President
and CEO Hans Stråberg.
Hans Stråberg cites the Electrolux Group's continuous development
of energy-efficient appliances. According to Stråberg, energy efficiency
has improved by about 40% in the last decade for Electrolux major appliances.
'We believe that incentive programs across Europe to stimulate the replacement
of older appliances with new, energy-efficient ones could significantly
impact CO2 emissions,' says Stråberg. 'We estimate that there are
about 200 million appliances that are more than 10 years old currently
in use in European households. By replacing these, we could cut CO2 emissions
by some 22 million tonnes per year, corresponding to 6% of the EU's Kyoto
target.'
In addition to developing more energy-efficient products, such as the
Sensidry heat pump tumble dryer that boasts record-low energy consumption,
Electrolux is engaged in other programs contributing to the sustainable
use of energy. As a result of these efforts, Electrolux has received a
number of distinctions, including the European Commissions Energy+ Award.
FagorBrandt
UK Appoints ASK as Distributors for the North of England
FagorBrandt UK has appointed ASK Distribution as the North of England
distributor for its De Dietrich and Fagor brands.
In what is an exclusive manufacturer deal for the company, ASK will be
actively promoting its association through local marketing drives to kitchen
specialists and housebuilders in the region from Stoke-on-Trent to the
Borders territory, and will be displaying De Dietrich and Fagor products
at its Trade Counter in Leyland, Lancashire. ASK will also be warehousing
the most popular appliances for the two brands in order to ensure quick
and easy collection for customers.
ASK Distribution is a new company run by Bob Marsden and Alison Clitheroe,
who have a combined experience of over 25 years in the niche appliances
market. The company is newly established and began trading at the start
of the year.
Richard Walker, sales and marketing director for FagorBrandt UK says:
'Together with our excellent Regional and Area Sales Managers, who have
already forged relationships with many customers in the North, ASK will
be targeting new lines of distribution for our brands. Alison and Bob's
knowledge of the market and expertise with customers will help build a
valuable partnership and because the region is so diverse, we see a greater
opportunity to maximise business. By displaying our products at its Trade
Counter, ASK will provide the ability for dealers to view a showcase of
De Dietrich and Fagor appliances at a convenient alternative to our Basingstoke
Showroom and because it will hold stock of our appliances, ASK can also
ensure the shortest lead times for delivery. We look forward to a successful
partnership with this new company.'
Alison Clitheroe, director of ASK Distribution says:
'Having worked successfully marketing premium brands in the niche market,
we have built an excellent range of contacts in the quality kitchen specialist
arena. Working with FagorBrandt UK exclusively means we will have an opportunity
to convey the features and benefits of the De Dietrich and Fagor brands
to an established range of customers, and we are excited by the prospect.'
ASK Distribution: 01772 453 479 / 07810 185 898
Fagor and De Dietrich Trade Sales: 01256 308 067
Web: http://www.fagor.com/uk
Web: http://www.dedietrich.co.uk
Grohe
Bolsters Team with UK Product Manager
Grohe, the luxury shower and tap manufacturer,
this week announced the appointment of Paul Davis to the newly created
role of UK Product Manager with immediate effect.
As part of his commitment to define the Grohe UK product proposition,
Paul will focus on managing the entire UK Grohe product architecture and
will be responsible for developing and launching new products, whilst
managing the introduction of product developments from the Grohe group
to the UK market.

Before
joining Grohe, Paul spent three years at Saint-Gobain Pipelines as Product
Manager. Previous to this he held various roles within The Boots Company
in product development and management.
David Doust, UK Marketing Director said: 'The creation of this new role
highlights Grohes commitment in building and solidifying our position
in the UK market. I am confident that Pauls experience and energy
will spark a new and important development in our direction for UK product
development.'
Web: http://www.grohe.co.uk
Burbidge
Wirework Collection with 20% Discount Until May
Kitchen
frontals and accessories manufacturer, Burbidge, has expanded its wirework
collection with the introduction of a new range of high specification
internal accessories from exclusive German manufacturer Vauth Sagel.
Burbidge can now offer customers contemporary wirework corner storage
units, undersink baskets, full height swing out pantry units, swing out
twin corner units, pull out larder units, and recycling bins, in various
sizes.
Ben Burbidge, managing director, says:
'We continually strive to make life as easy as possible for our customers
by ensuring they have the products they need to create inspirational,
high quality kitchen designs.
'Where we buy in products, rather than manufacture them ourselves, we
undertake a significant amount of market research to ensure that the quality
of design and manufacturing is in line with our own stringent standards.
'We believe that Vauth Sagel wirework accessories are the best available
and complement Burbidge kitchen ranges perfectly.'
To promote the introduction of this new range of accessories, Burbidge
is offering customers a 20% discount on trade prices throughout February,
March and April 2007.
For more information, please call 024 7667 1600, email sales@burbidge.co.uk
or visit http://www.burbidge.co.uk.
Alternatively, the new wirework accessories can be viewed within realistic
room sets at Burbidge's showroom in Coventry.
BMA
Hosts Series of Workshops at B+K Expo
The
Bathroom Manufacturers Association (BMA) is to host a series of four workshops
and seminars for Industry professionals at this year's Bathroom and Kitchen
Expo, Excel, in London from 13th through 15th May.
Delivered by Industry experts, the first in the BMA series of workshops
will take place on Sunday 13th May at 1.45pm covering the growing importance
of 'Inclusive Design'. This workshop will offer advice on how best to
capitalise on this growing, lucrative market given that by 2020 approximately
40 per cent of the UK population will be over 50 and suffering from age-related
ailments such as arthritis and limited mobility.
On Monday 14th May, the BMA will host a workshop and a seminar. A Training
Workshop will take place at 11.30am to demonstrate the importance of a
professional, qualified workforce and proving how 'getting it right first
time' can improve efficiency, boost sales and increase profit, while at
1.30pm leading experts will deliver a seminar on 'wet rooms' honing in
on future design and trend predictions.
The last in the BMA series of workshops will take place on Tuesday 15th
May at 2pm and will cover the highly relevant issues of water efficiency,
helping delegates understand the complexities of Government regulations
and explaining how to best capitalise on the rapidly emerging market for
water efficient bathroom products.
Yvonne Orgill, chief executive of the BMA comments: We are very
much looking forward to participating in Bathroom and Kitchen Expo. These
events are highlights in the Industry's calendar offering a perfect opportunity
to see new products, gain additional knowledge and network.
This year's Bathroom and Kitchen Expo promises to be a wonderful
event with a strong presence from the BMA and BMA member companies.
You will find the BMA on stand A60. We look forward to seeing you
there!
For more information and tickets visit http://www.bkexpo.co.uk
For information on all of the BMA activities visit: http://www.bathroom-association.org
Ben
De Lisi Talks Fashion and Design at B&K Expo
Renowned
fashion designer, Ben de Lisi is confirmed to take part within the seminar
programme at the premier trade show for the bathroom and kitchen industry,
Bathroom & Kitchen EXPO (13-15 May, ExCeL London). Respected journalist,
Grahame Morrison will interview Ben on his design trend predictions for
the future, after-which EXPO visitors will get the chance to quiz Ben
themselves on what to look out for and what to avoid.
Staying ahead of the game, in terms of fashion and design trends,
is incredibly difficult as the market is constantly changing and evolving
said, Grahame Morrison. Ben's insight on up and coming trends and
proven design tips will be immensely valuable to all involved in bathroom
and kitchen design.
Ben is a strong player on the English fashion scene and over the years
has established a loyal fashion and celebrity following. Since 1995 Ben
has been showing at London Fashion Week and has won the coveted British
Glamour Designer of the Year award twice in 1994 and 1995. And, his diffusion
line in conjunction with Debenhams called BDL has become one of the largest
selling ranges under the Designers at Debenhams umbrella.
As fashion and interior design have become increasingly overlapping, Ben's
sense of style has been embraced by the interiors world and he has worked
with prestigious property developers and is currently working with Abicus,
developing a unique range of branded bathrooms.
Ben's 'Design Trends' seminar is one of 12 seminars that will run throughout
the course of the show (four each day), all of which will be delivered
by esteemed professionals in their respective fields. For free tickets
to attend Bathroom and Kitchen EXPO 2007, register online at http://www.bkexpo.co.uk.
For details on exhibiting contact Pauline Morrison on 020 8515 2139 or
email paulinemorrison@dmgworldmedia.com.
Galley
Matrix Invests in Amana
Galley
Matrix, the kitchen division of the Lancashire based distributor Broughton
Crangrove, has a range of Amana, genuine American refrigerators available
for the discerning retailer.
Appointed by Maytag UK as a national distributor of the brand, Galley
Matrix handles the Amana refrigeration range designed essentially for
the kitchen specialist. The portfolio includes an array of models including
the side-by-side to the latest addition the Amana 3D, the three-door side-by-side.
Chris Honer, Sales Director, Galley Matrix says:
'Amana represents a valuable and profitable opportunity for the kitchen
specialist. The brand offers one of the most flexible and comprehensive
ranges of genuine American refrigerators available today. The depth of
customisation of Amana is peerless, and with its exceptional high quality,
stylish, counter depth range of models, it meets the kitchen specialists
needs perfectly.'
Stephen Stroud Channel Manager, Maytag UK remarks:
'The Galley Matrix partnership is a valuable one for the Amana brand.
The company's customer focus is second to none. We cherish the opportunity
of working with chosen distributors in furthering the essential essence
of the Amana brand and promoting its unique strengths and benefits to
the kitchen specialist market place.'
He continues: 'Galley Matrix takes the business very seriously, committing
to supporting the brand heavily through intensive staff training, literature
and promotions. This is a great asset for us and also the kitchen specialist
requiring further information and knowledge of the brand and models.'
For further information of the Amana refrigeration range from Galley Matrix
call your Area Sales Manager or the customer call centre on 0870 60 60
601.
DEVI
Develops a New Relationship
DEVI
has a new distributor for the devimat warm floor system, Craven Dunnill
and Co Ltd, which covers the North Midlands. The 2005 winner of the Tile
Association Excellence in Distribution Award is one of the UK's leading
distributor of ceramic tiles.
Peter Howells, managing director of Shropshire-based Craven Dunnill, comments:
We
had heard good reports about the DEVI system and the company's reputation
before we decided to add the devimat product to our underfloor heating
range. The response from our customers has been excellent and we are very
pleased with the results so far.
The devimat is a self adhesive mesh with an ultra thin cable pre-attached,
ensuring not only fast and simple installation but also an even warm floor
surface. The system can be used under all types of floorcovering.
The mat is simply rolled out onto the floor, the mesh is cut and the next
piece is rolled out. The devimat is exceptionally robust and hard-wearing
but, for that extra confidence, the devimat comes with a 10-year warranty.
For further information on DEVI, please call 0845 434 9990 or visit http://www.devi.co.uk.
Roman
Sculpts the Complete Showering Solution
Roman has developed integrated water delivery into its UK manufactured
Roman Sculptures Walk-in enclosure.
The shower valve has been redesigned to allow it to be bolted through
the main glass panel of the enclosure. The valve can now be operated from
both the inside and outside of the enclosure. This enables the user to
easily turn the shower on from outside of the enclosure, allowing time
for the shower to reach the required temperature before entering the enclosure.
The
Roman Sculptures Walk-in is a luxurious enclosure which features contemporary
10mm thick toughened glass and minimal framing. By integrating the valve
into the enclosure it all becomes one ultra-modern unit, making the enclosure
even more extraordinary.
The in-line valve and kit offers a host of new functions incorporating
a 10 (250mm) drench shower head, creating the ultimate rainfall
experience. A multi-spray 5 mode hand shower provides ultimate flexibility
with massage, soft massage, hard rain, soft rain, and pulse modes. There
is also the option of 2 independently controlled body-jets- to create
the ultimate in showering luxury. The advanced thermostatic controls regulate
the temperature to +/- 1ºC, and the valve is factory set to a maximum
operating temperature of 43°C, in line with safety legislation it
also features automatic shutdown in the event of hot or cold water failure.
The bespoke low-level tray to suit the Roman Sculptures Walk-in features
an integrated duckboard style drying area. This is manufactured from the
same material as the tray to ensure a long life-span and is removable
for easy cleaning. The tray offers a maximum flow rate of 25 litres per
minute and comes complete with a designer stainless steel grid waste that
sits flush with the tray.
The walk-in nature of the enclosure and the low-level tray allows easy
access for all, making it the ideal cross-over product for the less-able
market.
Julian Pearson, Commercial Director at Roman comments; 'We are very excited
about this product launch, which we know is greatly anticipated by our
customers. During KBB 2006 we showed a prototype of the Roman Sculptures
Walk-in with Integrated Water Delivery and everybody was very excited
about it. One of the key pieces of feedback we got from showing the prototype
was that people wanted to be able to operate the valve from both inside
and outside of the enclosure. Our designers went away and worked on this
and we have successfully incorporated this additional selling feature
into the product.
'At Roman we always strive to be first and to be seen as an innovator,
2007 will be a very exciting year for us as we launch additional products
into the Roman Sculptures range, along with many other new ranges and
products. The most exciting aspect of these is the integration of water
delivery into our enclosures, which will confirm Roman as the complete
showering package manufacturer.'
Tel: 0845 0522 445
Email: brochure@roman-showers.com
Web: http://www.roman-showers.com
InSinkErator®
Achieves Record First Quarter Sales in 2007
InSinkErator®,
the UK and worlds leading manufacturer of food waste disposers,
has achieved record sales of food waste disposers in its first quarter
results for the 2007 fiscal year, showing a 25 per cent increase on last
year.
Ashley Munden, Sales & Marketing Director for InSinkErator UK commented;
'Until recently food waste disposers were a relatively unknown product
in the UK. However recent concerns over waste management have highlighted
it as one key solution available to consumers wanting to reduce the volume
of food waste they put out for kerbside collection. In addition, house
builders are increasingly viewing the food waste disposer as a key appliance
for installation in new builds.'
The issue has been brought to the fore by recent media controversy over
the introduction of alternate weekly collections and potential fines for
households that fail to sort waste correctly. A primary driver behind
these initiatives is the need to significantly reduce landfill volumes
in the UK. Food waste disposers can divert around 20 per cent of household
waste away from landfill.
Joe Ferrara, Managing Director for InSinkErator Europe, commented; 'The
way in which the UK deals with household waste must change. A recent Local
Government Association report branded the UK as the dustbin of Europe
because of the large volume of waste we send to landfill. The food waste
disposer is a simple and cost effective in-home solution that doesnt
require a significant change in habit for the consumer, making it a highly
viable solution.'
Herefordshire Council & Worcestershire County Council are leading
models for other local authorities to look at when assessing waste management
policy. Following an independent study into food waste disposers, these
authorities now offer residents cash-back of up to £80 for installing
a food waste disposer.
Jeremy Howell-Thomas, waste management project development officer at
Worcestershire County Council, commented; 'Having examined worldwide research
into their use, the Council concluded that food waste disposers had largely
untapped potential for diversion of biodegradable kitchen waste from landfill.
So far we have paid out almost 600 rebates and are currently running a
large advertising campaign to encourage more residents to take advantage
of the scheme. We are delighted to see the adoption of food waste disposers
increasing nationally and hope other local authorities recognise the value
of this simple kitchen appliance.'
About InSinkErator:
InSinkErator UK, a division of Emerson Electric Co., is the UK and worlds
largest manufacturer of food waste disposers. For more information about
InSinkErator products, call 01923 297 880 or visit the companys
web site at http://www.insinkerator.co.uk.
About Emerson:
Emerson (NYSE:EMR), based in St. Louis, is a global leader in bringing
technology and engineering together to provide innovative solutions to
customers through its network power, process management, industrial automation,
climate technology, and appliance and tools businesses. Sales in fiscal
2006 were $20 billion. For more information, visit http://www.GoToEmerson.com.
Wolseley
Shares Rising Despite Weak Housing Market in US
Shares
in Wolseley, the plumbing and building materials supplier, have gone up
by 25 per cent in the past six months yet it has recently cut 2,000 more
jobs in the US. A housing slump there has hurt sales, depressed prices
and hit earnings.
This adds to the 2,000 workers the UK-based company had already made redundant
recently, and the total number is about 5% of the global workforce.
Wolseley, which has its HQ at Reading, Berkshire, saw its trade fall by
14% in the five months to December.
The number of housing starts in America - where it gets half its sales
- fell more sharply than had been expected.
Reports say Chief Executive Chip Hornsby is now looking again at his expansion
plans.
One analyst said: 'Wolsley has taken very radical and swift action. This
is the US housing market at its absolute bottom. I don't think it's going
to get any worse than this.'
One explanation for the share price strength comes courtesy of bid speculation.
Saint-Gobain, the French rival, has been mentioned in connection with
a takeover.
According to analyst Robert Cole of The Times, however: 'it may be simply
that the market has familiarised itself with the scale of the difficulties
facing the company. Between April and August last year, as evidence of
the weakening US housing market emerged, Wolseley shares fell from £14.50
to £10.50. The market often assumes the worst if it does not know
exactly how things are likely to turn out, so a bounce of some sort was
always going to be the logical next step when it transpired that the US
housing market was straining, rather than breaking.'
He adds: 'Wolseley derives only about 25 per cent of sales from American
housing. Industrial and commercial demand in North America remains good
and the European picture, helped by acquisitions, is promising.
Whirlpool
Completes US Hoover Sale to Techtronic Industries
Whirlpool
Corporation announced on 31st January that it has sold the US Hoover floor-care
business to Techtronic Industries Co. Ltd. (TTI) for approximately $107
million in cash following the expiration of a regulatory review process.
Hoover offers a comprehensive line of products for general and special-purpose
vacuuming, including full-size uprights and canisters, deep cleaners,
and hard-floor cleaners.
Whirlpool and TTI reached an agreement to sell the Hoover business in
December 2006. Under the terms of the sale, TTI will assume operational
control of the Hoover business, including manufacturing operations in
North Canton, Ohio, El Paso, Texas, Juarez, Mexico, and all other Hoover
locations. Whirlpool retains the liabilities associated with pension plans
for pension benefits for both active and retired employees accrued up
to the date of the sale and for post-retirement medical benefits for currently
retired Hoover employees.
About Whirlpool Corporation
Whirlpool Corporation is a manufacturer and marketer of major home appliances,
with annual sales of more than $19 billion, more than 80,000 employees,
and more than 60 manufacturing and technology research centres around
the world. The company markets Whirlpool, Maytag, KitchenAid, Jenn-Air,
Amana, Brastemp, Bauknecht and other major brand names to consumers in
nearly every country around the world. Additional information about the
company can be found at http://www.whirlpoolcorp.com.
About
Techtronic Industries Co. Ltd.
Founded in 1985, Techtronic Industries Co. Ltd. (TTI) (stock code: 669,
ADR symbol: TTNDY) is a supplier of superior home improvement and construction
tools with a powerful portfolio of trusted brands and a strong commitment
to innovation and quality. The portfolio that TTI offers includes a full
line of power equipment products, floor care appliances, laser and electronic
products. The company's brands include Milwaukee®, AEG® and Ryobi®
power tools and accessories, Ryobi® and Homelite® outdoor power
equipment and Royal®, Dirt Devil®, Regina® and Vax® floor
care appliances.
TTI is one of the constituent stocks on the Hang Seng HK MidCap Index
under the Hang Seng Composite Index, the MSCI Hong Kong Index, the FTSE
All-World Hong Kong Index, the FTSE/Hang Seng Asian Cyclical Index and
the Dow Jones Hong Kong Titans 30. For more information, please visit
http://www.ttigroup.com.
Saint-Gobain
in Emerging Countries
Saint-Gobains
Construction Products sector is strengthening its position in emerging
countries, thanks to six acquisitions completed over the last few weeks
in South Africa, Algeria, Turkey and Argentina. The acquisitions concern
companies involved in the industrial mortars, insulation and gypsum businesses,
and represent total sales of more than €230 million.
In South Africa, Saint-Gobain has acquired TAC and Tylon, the countrys
leading manufacturer of industrial mortars for tile adhesives, and has
also entered into an agreement with a view to acquiring Owens-Corning
South Africa, South Africas top-ranking insulation business. This
acquisition is subject to the approval of the South African competition
authorities.
Tylon is South Africas no.1 manufacturer of cement-based tile adhesives
and grouts. It has sales of around €20 million and employs close
to 70 people. Tylon has two plants, in Johannesburg and Cape Town. Renowned
for the quality of its products and services, Tylon has an extensive network
of distributors across the country.
TAC offers an ideal complement to Tylons geographical market and
has an adhesives plant 200 km to the east of Johannesburg (Middleburg).
TAC was created in 2005, fields a workforce of nearly 30 employees, and
generates around €5 million in sales.
Saint-Gobain has entered into an agreement to purchase Owens Corning South
Africa (OCSA). With sales of approximately €25 million, OCSA is the
only manufacturer of glass wool and stone wool in South Africa and also
manufactures insulating foam. A former Isover licensee (glass wool and
stone wool), the company has already used Saint-Gobains TEL process
(1957 to 1997).
These three companies will be able to enhance their service offering to
their distributor and applicator customers thanks to BPB Gypsum Ltd and
its logistics network.
In Algeria, Saint-Gobain has acquired 66% of the share capital of CM Gypso,
based in Bouira. CM Gypso has two quarries, which are thought to hold
more than 40 million tons of gypsum. CM Gypso is ideally situated to serve
customers in two major cities Algiers and Constantine, which represent
75% of the domestic plaster market. On the manufacturing front, Saint-Gobain
is planning to build a 220,000-ton facility for production of its plaster
product range.
In Turkey, Saint-Gobain and its partner Alghanim have taken joint control
of Izocam, after having acquired a majority stake (61.2%) in its capital.
An IPO on the remaining shares will be launched on the Istanbul stock
market.
Izocam has been an Isover licensee for over 40 years. The front-ranking
supplier of insulation in Turkey and the Middle East, Izocam expects to
deliver sales of around €125 million in 2006, up sharply from 2005.
In Argentina, Saint-Gobain has acquired Iggam, a company specialising
in industrial mortars and plaster. IGGAM reported sales of €18 million
in 2005 and has two plants, one in Tortuguitas near Buenos Aires, and
one in the state of Entre Rios, 500 km to the north of the capital.
Tortuguitas is an ideal complement to Saint-Gobain Weber Argentinas
plant in Bosques, 40 km to the south of Buenos Aires. The two sites are
perfectly situated to serve the Buenos Aires region, where most of the
Argentine business is generated.
In a market enjoying sustained growth, this acquisition drives Saint-Gobain
Weber into the top spot on all industrial mortars segments (tile adhesives,
wall-facing products, additives, white cement, etc.) and broadens its
business portfolio. This acquisition also represents an opportunity for
Saint-Gobains Gypsum business, which is regaining its foothold on
the Argentine market with its Tuyango plaster brand, the recognised market
leader.These acquisitions in attractive and dynamic construction markets
have confirmed Saint-Gobain Construction Products as a major player in
South Africa, Argentina, Algeria and Turkey. The acquisitions have also
helped to further the sectors development in emerging countries.
With 45,000 employees across the globe and 250 consolidated companies,
Saint-Gobain Construction Products says that it is a leader in all of
its businesses: insulation (Isover), gypsum (Placo, Gyproc, Rigips, etc.),
outdoor living solutions (CertainTeed), industrial mortars (Weber) and
pipe (Pam). In 2005, the Construction Products sector delivered sales
of €10 billion (proforma BPB), representing 26% of the total sales
reported by the Saint-Gobain Group.
HL
Display Acquires Display Team Oy
Swedish HL Display AB (publ), a supplier of in-store communication and
merchandising solutions for the retail trade, announced yesterday the
acquisition of Display Team Oy, a privately owned company based in Helsinki,
Finland.
The company manufactures and markets shelf merchandising solutions under
the brand names Maxime BrandMan® and Maxime CatMan®. The addition
of Display Team is a significant advance in HL Display's efforts to provide
its customers with a more complete product range. The addition is also
in line with HL Display's focus on brand manufacturers (FMCG companies)
and support for more efficient retail product launches.
'This acquisition will add flexibility and choice to our customers. They
will be able to continue building on our in-store solutions, now also
with a greater focus on product launches. This will make us a more attractive
and complete partner for the retail industry,' says Gérard Dubuy,
CEO in HL Display AB (publ).
Display Team was established in 1991 by Jaakko Wilenius. The main customers
are big international FMCG-companies like Procter & Gamble, Unilever
etc. The product shares the same markets as HL Display's product lines,
as well as the same production technology. These facts combined with the
bigger organisation offered by HL Display provides an opportunity for
Display Team to take the next step.
'By merging with HL Display we're going from being a small company to
become a bigger force on a market that we share. I feel that we have taken
Display Team as far as possible and in order to make the next step we
need what HL Display can offer. A big international sales organisation
that will add local expertise to our existing structure, a strong chain
of distribution and an opportunity to develop the product and the brand,
says Jaakko Wilenius, CEO in Display Team Oy.
Display Team's net sales for 2006 is approximately 6 MEUR and the acquisition
is expected to have a marginal positive effect on earnings per share for
the HL Display Group 2007.
Web: http://www.hl-display.com
The
Importance of Website Evolution for Online Retailers
With
web technology evolving at an unprecedented rate, it is important for
all retailers to ensure they are up to speed with the latest trends and
developments in order to optimise their e-commerce efforts. Zendor, the
Manchester-based multi-channel retail expert, has identified four key
areas which retailers should keep in mind when building on their online
proposition:
* Maintaining a 'Customer Balance' - There are a raft of technological
advancements and broadband is facilitating increased opportunities for
retailers online. However, when riding this wave, retailers should strive
to strike a balance between web development and usability, so that they
do not restrict customers' use. Broadband is providing wider and easier
Internet access across the UK with the proportion of enabled homes doubling
by 2008 to 18.5 millions (64% penetration). An effort should be made to
ensure retailers do not run away with the technological opportunities
and alienate their core audience, who may or may not be web savvy. The
most important question to ask is - 'what do my customers want from my
website?'
* Improvement in Website Fluidity - To enable a smoother and more straightforward
shopping process, and therefore improve the customer experience, retailers
are rethinking the 'traditional approach' and refining their transactional
websites. This includes removing or reducing irritating pop-ups and additional
pages. Broadband has also enabled retailers to streamline a number of
functions or 'steps' into a blended single web page.
* Developing a Stronger Online Selling Strategy - As more retailers become
increasingly 'multi-channel', many are striving for consistency in their
stores and websites. This not only involves brand image, but also customer
experience. By replicating in-store sales techniques, retailers are driving
customer loyalty from store to web, crossing the divide with such initiatives
as outfit-building with virtual models or browsing by trend, up-selling
matching clothing or accessories, and pushing special offers such as multi-buys.
* Providing an Added Value Experience for Customers - To encourage loyalty
and brand 'buy-in' retailers are creating a point of difference in their
web content. Alongside the shopping function, some are introducing magazine
or editorial content or web and e-mail personalisation with, for example,
targeted product recommendations. With the arrival of Web 2.0 customers
can now have a hand in 'building' websites - online communities of customers
are now invited to share ideas and review products.
More and more retailers are choosing to adopt a multi-channel retail approach
and competition in the online arena has never been more fierce. With this
competition set to intensify further in 2007, it is essential that online
retailers are aware of the opportunities available to them in order to
attract and retain their customers.
Manchester-based Zendor handles a range of fulfilment services for retailers
interested in moving into the distance shopping arena. Zendor's services
include fulfilment and call centre services, multi-channel strategy and
planning and channel development and marketing. For further information
please e-mail curious@zendor.com
visit http://www.zendor.com
or call 0161 238 2050.
Covermyfurniture.Com
- Change the Look of your Home
It
is a fact that the success of recycling is of utmost importance to our
society and to make it really work, everyone needs to participate and
do their bit. With kerbside recycling schemes being rolled-out across
the UK, we are all becoming more aware of the need to partake in the three
'R's: reduce, reuse and recycle.
Mountains of waste are being dumped in landfills every year. Though we
are all pretty well educated in the processes of recycling small items
like aluminium, glass, and paper, how many of us realise just how easy
it is to recycle larger items - like a sofa or armchair.
Many of us would like to change our homes the same way we change our seasonal
wardrobes, but few of us can actually afford to. A recent survey1 carried
out to cast light on people's interior tastes revealed that 60% of people
could only afford to redecorate their homes every 2-5 years, even though
the same percentage said that their tastes actually changed from year
to year.
Luckily now, not only is there a more affordable, stylish and easy solution
to instantly change the look of your home, but there is an environmentally
friendly one too, enabling you to 'reduce, reuse and recycle'. Rather
than spending a fortune on this season's fleetingly fashionable designs,
or putting up with a shameful suite, you can give your piece of furniture
a stunning new look using a unique service: made-to-measure, furniture
covers from Covermyfurniture.com.
Says Joanna Whitworth, co-founder of Covermyfurniture.com: Interior
fashions are changing faster than ever. But big items of furniture are
too valuable to simply scrap when they go out of fashion. Whatever the
shape of your furniture we can cover it - and it makes much more sense
environmentally to revive your furniture rather than consigning that much-loved
sofa to the skip!
In the same survey, 33% of respondents used loose covers on their furniture,
yet 77% don't like the look of them. Covers from Covermyfurniture.com,
however are made to fit your furniture like a glove, making it look like
a brand new piece.
About Cover My Furniture
Covermyfurniture.com is an online, mail order, international furniture
covering service, that makes exact made-to-measure covers without even
stepping a foot through your door. You do the measuring, no consultant
comes into your home, it's a straightforward Do-It-Yourself process.
Ordering your new cover couldn't be easier. The process is simple; it
takes just 4 easy steps:
1) Log onto http://www.covermyfurniture.com
and choose the colour and type of fabric you want for your chair or sofa.
The range has colours and patterns for all the seasons - the possibilities
are endless.
2) Take a picture of the furniture you want covered using a digital camera
and send it back to Cover My Furniture. If you don't have a camera, a
disposable one can be sent.
3) Cover My Furniture will then send you a bespoke measurement chart for
you to fill in - don't be scared, it's like joining up the dots.
4) Once Cover My Furniture has received your measurement chart and a balance
payment, your new cover will be delivered directly to your home within
28 days.
Cover My Furniture customer service manager, Jackie Thompson says: We
developed this unique service because it can be very expensive, time consuming
and sometimes out of the question to constantly keep up with fashions.
The covers are great value for money, easy to order and come in a choice
of contemporary designs.
For more information, fabric samples or a free Cover My Furniture brochure
please visit the website; http://www.covermyfurniture.com
or call 01772 838 308.
|