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KBSA
Launches New Website Services For Members
The Kitchen Bathroom Bedroom Specialists Association today launches a
range of new website services designed especially to benefit its members.
The new services, available exclusively to members both retail and corporate,
include Lead Link (a streamlined consumer enquiry lead system)
and a comprehensive Mapping System.
Lead
Link, the Dotty Map and a preview of the new website product
catalogue will all be introduced by KBSA Operations Manager Lucinda Kenny,
chief executive Graham Hayden and corporate chair Barbara Leech will host
the event and Andy Harrison from Storlogic Systems, the company managing
the website, will be on hand to answer technical questions.
Lead Link is a complete service that automates the sending of website
leads to dealers or branch networks and is far more cost effective than
processing these inquiries manually.
The Mapping System has developed from the KBSAs need to see a complex
amount of geographical information in a concise form and to monitor
how this information changes over time. It could be used to show corporate
members the location of types of different dealers, for example, or to
reflect the success of advertising or promotional campaigns in specific
areas. It provides a wealth of valuable information, is always accurate
and is consistently up to date.
The new-look website product catalogue offers corporate members a stronger
brand presence and opportunities for more advertising. Already popular
with many members, the catalogue has been re-designed and will offer corporate
members some new added value benefits.
'Our website has proved invaluable both for members and consumers and
were delighted to be utilising this state of the art technology
to develop these unique web service for members,' says Graham Hayden.
'The lead link system in particular will be of great benefit to many members.
Already, they attract a huge amount of consumer leads via the website
but this system will streamline the process by which they receive key
information about their own website leads.'
The KBSA website can be accessed at www.kbsa.co.uk.
Budding
Teenager Bids for Pole Position in Motor Sport
Teenager,
James Nash is on the road to living his dream of competing in the world
of F1. James finished second at Silverstones National Circuit
in the first round of the BRDC Formula Ford Single Seat Championship.
James,
who is just 19, came second in the British National Karting Championship,
TKM Senior Extreme, probably the most competitive class of all motor
sport. In March, at Silverstone, he tightened the grip on motor sport
with setting the quickest times and began the BRDC Formula Ford Single
Seat Championship in first standing start and first qualifying, a hard
earned position in the world of motor sport.
James had a phenomenal race and came in one tenth of a second behind
the winner, and three seconds ahead of the rest of the field. James
said of his achievement, This was just a fantastic first single
seater race for me. It was such a close result that the next races will
be extremely exciting. I am so determined to reach the top of this profession,
that I am prepared to do all I can to achieve the result.
Looking for sponsorship in helping him on his way to becoming an F1
driver James continues, This is a great sport and I have achieved
a lot through the support of my father and my determination, but now
I am focused on getting to the next level and for that I need more support.
We are looking for sponsors for the year. This is a great start to the
season. The next 14 championship races over eight circuits in the UK
should be really exciting and great exposure for sponsors.
To contact James, please call; Jacqueline, JM Marketing on 01536 414555/07968
122017 or email mailto:jmmarketing@virgin.net
Double
Investment in Customer Service
Bradford-based
bath manufacturer Clearwater Collection has made a double investment
in customer service. Clearwater has created a new service team and appointed
a new service manager, Peter Armstrong, to head it up.
Peter, from Keighley near Bradford, has 23 years of experience in the
bath industry and has been involved in all aspects of production. He
moved into customer service six years ago.
Peters job is to manage the service team, which is predominantly
road based. Team members Andy Pyrah and Perry Cooper cover the whole
of the UK, solving customers problems and servicing baths while
Jackie Levi is based in the office as a point of contact for customers.
Managing director Darren Allison said: The new service team is
an important tool with which to continually improve customer service.
Having people like Perry and Andy on the road enables us to respond
quickly to a customers needs.
Peters appointment is integral to the teams success.
His wide range of experience in the industry will help us to remain
at the top of our game in customer service.
Tel: 01274 738140
Schmidt
Demonstrate Virtuosity with Aquilon
Aquilon Brilliant is the new range from France's leading kitchen manufacturer
that demonstrates their flair for 21st Century design.
Sweeping,
clean lines in a variety of gloss surface finishes create stark architectural
styles with a combination of broad low drawers and towering cupboard units.
The wood grain option is a rich brilliant Cherrywood with a horizontal
grain (vertical is possible) and trimmed with clinical aluminium to accentuate
the stylish recesses that are used as pulls and textured in Aluminium,
Black, Pear or White.
By mixing the Cherrywood units with, for instance, with tall cupboard
units in Brilliant White, Brilliant ice blue, Brilliant natural grey or
Brilliant vanilla all designed to carry an elegant stainless steel bar
handle, a striking effect can be arrived at.
Of course Schmidt's virtuosity with Aquilon Brilliant is further enhanced
with a full choice of 14 carcase interior colours, a variety of edge colours
and patterns including matching or multiplex and various special features
like glazed doors.
Fitted with their striking cooker hoods and recessed appliances the Aquilon
Brilliant Schmidt design is contemporary, versatile and aspirational.
With over 450 prestige dealers throughout Europe, Schmidt's extensive
design range is now available in a fast growing basis throughout the UK.
Schmidt Kitchens UK Ltd
01622 812123
www.schmidt-kitchens.com
Fagor Acquires
Brandt Group
The Spanish appliance manufacturer Fagor Electrodomésticos has
acquired 90% of the Brandt Group the French market leader for electrical
appliances from Elco Holland BV for 162.5 million euros. The acquisition
means that Fagor now controls the entire Brandt Group, subject to approval
from the relevant regulatory authorities.
Brandts sales in 2004 totalled 813 million euros, nearly 40% of
which came from international sales. It has a workforce of 4700 spread
across five manufacturing plants in France and one in Italy, along with
five subsidiaries. The companys main brands are Brandt, De Dietrich,
Thomson (white goods), Vedette and Sauter, and the Italian brands SanGiorgio,
Ocean and Samet, giving it a presence in almost 100 countries on all five
continents.
Fagor Electrodomésticos is the leading Spanish electrical appliance
manufacturer, with a workforce of 6230 distributed across ten production
plants on three continents and 14 subsidiaries (as at 31 December 2004),
giving it outlets in 82 countries. Its three main brands are Fagor, Edesa
and Aspes each of which is the Spanish market leader in its segment
and the leading Polish cooker brand Mastercook.
As a result of the acquisition, Fagor is now the fifth-largest European
manufacturer of electrical appliances with more than 5.8% market share,
and sales turnover is forecast to be around €1800 million in 2005
and €2000 million in 2006.Fagor UK is a subsidiary of Fagor Electrodomésticos,
a division of the Mondragón Corporación Cooperativa (MCC)
headquartered in the Basque Country in Spain. Founded in 1956, the Fagor
Group manufactures in three continents. It is the market leader for household
appliances in Spain, with a 21% share, and maintains subsidiaries across
Western and Eastern Europe. The company employs more than 6000 people.
For information on any of Fagors advanced range of built-in and
freestanding appliances, call the UK sales office on 020 7354 0044, or
email sales@fagorappliances.co.uk.
Maytag UK Launches
New Deep Cleaning Vacuum Cleaner
Maytag UK, the American appliance specialist, is launching a new deep
cleaning vacuum cleaner. Made by the inventors of the upright vacuum cleaner
and the largest and most experienced vacuum cleaner manufacturer in the
world, means it delivers excellent cleaning and retailer performance.
The
new Agility by Maytag is the first of a raft of new innovative vacuum
cleaners to emerge from Maytag UK. Mat Morrison-Clarke explains, 'Maytag
UK brings to the market a complementary addition to the market to enhance
the normal cleaning routine. For the retailer this is an opportunity to
sell an extra vacuum cleaner into the home with the additional benefit
of deep cleaning. For the consumer who really cares for their home and
welfare of their family and environment, the Agility delivers combined
with extending the life of a valuable asset within the home. Deep carpet
cleaning and care is set to become part of the consumers normal routine
and this is a fantastic opportunity for the retailer to take advantage
of this new wave of activity.'
The Agility versatile deep cleaner has been engineered and designed for
carpets, rugs and upholstery materials throughout the home, with the benefit
of lightweight design for ease of use and manoeuvrability. The ready to
use format, fast and easy set up, designed for thorough deep cleaning
performance, guarantees success.
Features of the new Agility by Maytag
Deep down heated cleaning system designed for the entire home -carpets,
rugs and upholstery.
Extracts deep down dirt and grime and removing efficiently and
effectively to promote quick drying.
Lightweight and manoeuvrable.
Low profile floor head for reaching under and around furniture
Removable and easily located side-by-side tanks
Five rotating SpinScrub brushes for powerful deep dirt cleaning
and removable for easy maintenance.
Clean Surge for concentrated treatment of particularly stained
or areas subject to heavy traffic.
On board powered hand tool for deep cleaning confined spaces, upholstery
and stairs.
Choice of cleaning solutions available for a variety of tasks.
Detachable tool caddy to make for even more lightweight cleaning
and convenience.
Folding handle for to make storage easy.
Delivered fully assembled and ready to use straight from the box
The Agility will be available from May and is expected to retail at around
£239. To take advantage of this new floorcare opportunity call your
Maytag Area Sales Manager or Maytag UK directly on 01737 231000.
http://www.maytag.co.uk
Dyson
Gives up on Revolutionary Washing Machine
James Dyson has given up on his revolutionary Contrarotator washing machine,
because the product is making a loss. The Contrarotator, which costs around
£1,000, has two counter-rotating drums which replicate the action
of handwashing. The company would not say yesterday how many of the machines,
which have only been on the market in the UK, have sold, but said that
the product 'has done well in the market'.
A
spokesman said the company was not exiting the laundry sector, and would
continue to research a product that could be sold internationally.
The Dyson machine is made in Malaysia, with the vacuum cleaners, after
the company took the decision to move its manufacturing from Malmesbury,
Wiltshire. The spokesman added that the move to Malaysia had not been
about reducing the company's cost base but reinvesting the savings in
research and development.
The Dyson machine has been on the market since the end of 2000. Which?
magazine said in 2001 that it was not good value for money, although it
was complimentary about the machine's cleaning power.
Mr Dyson replied the machine cleaned better than the one it was compared
with. He said Which? had said something similar about his vacuum cleaner
and it was later featured as its Best Buy.
Dyson engineers will now develop a next generation washing machine, which
will use innovative technology designed for a global market.
Jacuzzi Brands,
Inc. Dedicates New Engineering Center in China
Jacuzzi Brands, Inc. announce that Company officials and local dignitaries
dedicated Jacuzzi Brands' new Engineering and Sourcing Center in the city
of Zhuhai in the People's Republic of China on Tuesday, April 19, 2005.
Jacuzzi Brands President and Chief Operating Officer, Donald C. Devine,
and Wang Shun Sheng, Mayor of the Zhuhai Municipality Government, presided
over the dedication.
This new facility will identify, manage and maintain qualified contract
manufacturers in Asia for the global sourcing and supply of the Company's
products, primarily in the Bath Division. It will also showcase Jacuzzi
Brands' products geared towards the Chinese market to potential business
partners in the South of China. The facility is expected to be fully staffed
by June 2005.
Mr. Devine stated, 'We were honored by the presence of Mayor Wang Shun
Sheng at this dedication, and appreciate the support of the government
of Zhuhai. Efficient product sourcing remains a primary component of Jacuzzi
Brands' long-term growth strategy. As previously announced, we have rationalized
high cost manufacturing operations in the U.S., dedicated an expanded,
state-of-the-art stainless steel manufacturing facility in Malta, and
are implementing an increased level of automation at our Chino, California
manufacturing plant. The opening of this new facility in Zhuhai further
advances our cost-saving initiatives, as it will allow us to oversee an
increased level of raw material, component parts, and finished goods sourcing
from this region.'
The city of Zhuhai is a modern city adjacent to Macao and just across
the Pearl River Delta from Hong Kong. The Pearl River Delta is the economic
driving force in China, with numerous joint-venture manufacturing companies
based in Guangdong province. The city boasts a productive and skilled
labor force.
Mayor Wang stated, 'We welcome Jacuzzi Brands to Zhuhai, and are honored
that the Company has chosen our city to establish this new Engineering
and Sourcing Center. An important component of our market development
strategy is focused on attracting companies to the region that possess
well-known and respected brands. Jacuzzi Brands portfolio of brands, led
by the JACUZZI(R) name, clearly fits that description, as they are synonymous
with innovation, performance and value.'
Mark Prince, Vice President of Global Sourcing for Jacuzzi Brands, added,
'In fiscal 2004, the Company sourced approximately $75 million worth of
goods from China with an expectation for that number to double by the
end of fiscal 2006.'
www.jacuzzibrands.com
Complaint
About Currys Advert Not Upheld by ASA
A member of the public complained about a national press advertisement
by DSG Retail (trading as Currys) for electrical appliances, according
to published details from the Advertising Standards Authority. In the
bottom right corner text stated 'Currys Always Lowering Prices'. The complainant,
who pointed out that the advertisers had recently increased the price
of two cookers, objected that the claim 'Always Lowering Prices' was misleading.
The Complaint was not upheld: The advertisers said they intended the claim
'Always lowering prices' to refer to the products in the advertisement.
They said most of the products in the advertisement showed a significant
saving. The advertisers pointed out that the cookers the complainant referred
to were not shown in the advertisement and asserted that those cookers
had not increased in price; they believed the complainant had mistaken
a single fuel cooker for a duel fuel cooker that was more expensive.
The Authority considered that the claim 'Always lowering prices' referred
to the products in the advertisement and that it implied most of the advertisers
products which featured in the advertisement were reduced in price. It
considered, therefore, that it was not relevant whether the cooker the
complainant saw had increased in price because it did not feature in the
advertisement. Because most of the products in the advertisement were
reduced in price, the Authority concluded that the claim was acceptable.
Whirlpool
Corporation Reports 2005 Q1 Results - Higher Material Costs Mitigated
by Price Increases
Whirlpool Corporation today announced first quarter 2005 net earnings
of $86 million, or $1.26 per diluted share, compared to $101 million,
or $1.43 per diluted share, in the same period last year. The decline
was driven by significantly higher material and oil-related costs.
Net sales of $3.21 billion were a first quarter record and increased 6.7
percent from last year. Excluding currency translations, net sales increased
by approximately 4 percent.
'Our first quarter results reflect the positive benefits from our previously
announced price increases, which we initiated to mitigate the significant
increases in raw material and oil-related costs,' said Jeff M. Fettig,
Whirlpools chairman, president and chief executive officer.
'The results of pricing actions over the first three months of this year,
including product and brand mix, were in line with expectations.
Our operating results were significantly impacted by approximately $190
million in higher material and oil-related costs compared to the prior
years quarter. We were able to mitigate most of this through
global price increases, productivity improvements, cost controls and a
lower effective tax rate.'
Fettig added: Our first quarter operating margin performance improved
versus fourth quarter levels, which reinforces the actions we have been
taking to adjust to the global cost environment. These actions include
implementing global price increases, driving record levels of controllable
productivity, leveraging our global operating platform, reducing non-product
related spending and accelerating our rate of innovation to the market.
We remain confident that these actions are appropriate to address the
current operating environment. In addition to deploying these key operating
actions, we also continue to make investments that fuel continuous innovation
and improve the capabilities of our global operating platform. Although
the global cost environment remains challenging, we remain confident that
we will grow our business, improve earnings and deliver our cash flow
projection for the year.'
During the quarter, cash used in operating activities was $285 million
compared to $141 million last year. As expected, inventories for the quarter
increased in support of improved levels of product availability, rising
material costs and increased transregional shipments. Cash flow also was
negatively impacted by higher capital spending to support key innovation
projects and manufacturing investments. Free cash flow was down $176 million,
as expected, compared to last year. (See the reconciliation table below
for a comparison of cash used in operating activities to free cash flow.)
RECENT MILESTONES
* Whirlpool Corporation ranked 18th among the 100 best corporate citizens
according to Business Ethics Magazine. Whirlpool has been named to the
list every year since its inception six years ago.
* The U.S. Environmental Protection Agency and the U.S. Department of
Energy named Whirlpool Corporation an ENERGY STAR Partner of the Year
for the sixth consecutive year. Whirlpool received the award for
leadership in manufacturing and promoting appliances that reduce both
utility bills and greenhouse gas emissions.
* Black Collegian Magazine named Whirlpool Corporation one of the top
100 employers for college graduates for the second consecutive year.
* TUV Institute, the renowned German testing organization, awarded the
in-home service program of Whirlpools Bauknecht brand its highest
marks.
* German consumers selected Bauknechts print advertising campaign
as the best of the Most Liked Ads of 2004 in the white goods
category, according to the German firm Research International.
* Whirlpool Corporation received 14 patents during the quarter for proprietary
new design and technology innovation.
NEW INNOVATIONS
* Whirlpool brand introduced a new line of Whirlpool Gold built-in cooking
products (ovens, combo-microwaves, and electric and gas cook-tops) that
feature European design and advanced technologies that help speed cooking.
* The KitchenAid brand introduced a new seven-cup food processor and launched
a new countertop oven with built-in oven features, such as bake, broil,
toast and warm functions. Both products expand the brands
portfolio of innovative countertop appliances.
* KitchenAid extended its brand presence with the introduction of a new
line of professional-style cutlery.
* The launch of the new Kenmore HE4t front loading washer and dryer pair,
featuring bold new colors, generated strong consumer interest during the
quarter.
* Whirlpool Europe launched its new "Origami" range of innovative
cooktops. The new line is manufactured in different sizes and finishes
and includes a variety of accessories, such as a cooking stone and a grill
plate.
* In Brazil, Whirlpools Consul brand launched two new refrigeratorsone
featuring in-door water dispensing and the other offering frost-free performance
in a space-saving design.
FIRST QUARTER REGION REVIEW
Whirlpool North America operations delivered record first quarter revenue.
Sales of $1.98 billion increased 4.5 percent from the prior-year period,
as price increases ranging from 5-to-10 percent across product lines were
implemented. For the quarter, industry shipments for major
appliances (T7) are estimated to have declined by approximately 2 percent,
due primarily to fewer shipping days in the current period and trade inventory
reductions. Price increases, productivity improvements, and strong
cost controls helped mitigate higher costs. Operating results declined
14 percent to $182 million year-over-year, due primarily to significantly
higher material and oil-related costs.
Based on current economic conditions, the company continues to expect
full-year industry unit shipments in 2005 to increase approximately 2
percent.
Whirlpool Europe sales of $729 million increased 7.3 percent from the
prior-year period, representing a record first quarter in units and sales.
Excluding currency translations, sales increased approximately 2 percent.
Price increases of 3-to-5 percent were implemented across all products
and markets during the first quarter. Despite flat industry growth during
the quarter, Whirlpool Europe volume improved on the continued strength
of the built-in segment and performance of the Whirlpool brand.
Price increases, productivity improvements, strong product mix and favorable
currency offset higher material costs and increased operating profit by
7.6 percent to $33 million.
Based on current economic conditions, the company continues to expect
full-year industry unit shipments in 2005 to increase approximately 1
percent.
Whirlpool Latin Americas sales of $442 million increased 15.9 percent
from the prior-year period, driven by price increases and improved product
mix. Price increases on appliances and compressors were implemented during
the first quarter. Excluding currency translations, sales increased approximately
8 percent. Industry unit shipments of appliances were up modestly during
the quarter. Price increases, productivity improvements, and aggressive
cost reduction actions offset significantly higher raw material costs,
heightened freight costs associated with product exports from Brazil,
and unfavorable currency. Despite the challenging cost environment, operating
profit advanced 12.9 percent to $25 million.
The region is currently implementing its previously announced additional
6-percent price increase to mitigate higher costs.
The company expects macro-economic conditions to remain positive and consumer
interest rates in Brazil to begin easing during the second half of the
year. As a result, the company continues to anticipate a 4-to-5 percent
increase in industry unit shipments in 2005.
Whirlpool Asia sales of $94 million advanced 7.6 percent from the prior-year
period. Excluding currency translations, sales increased approximately
5 percent. Operating profit improved 44 percent over last years
levels, led by improvement in India and China. The improvement was driven
by strong industry growth, market share gains, regional price increases
and new product introductions. The prior-year quarter also included costs
associated with the Companys trade management strategy in India.
Based on current economic conditions, the company continues to expect
full-year industry unit shipments to increase 3-to-5 percent.
'The challenging cost environment we are experiencing is evolving as expected,'
said Fettig. 'Material and oil-related costs are expected to increase
between $500-to-$550 million during the current year. We continue
to execute global price increases, and are aggressively implementing plans
to drive higher levels of controllable productivity, reduce non-product
related spending and accelerate the introduction of new products.
We will continue to focus on these four priorities in all markets around
the world. Based on our assessment of the current environment, we continue
to expect full-year earnings-per-share of $5.90-to-$6.10, and free cash
flow to be in the $250-to-$300 million range.'
Whirlpool
Corporation Elects Five Directors to Board
At Whirlpool Corporations annual shareholders meeting, held
today in Chicago, five individuals were re-elected to the companys
board of directors.
Herman Cain, Jeff M. Fettig, Miles L. Marsh and Paul G. Stern were returned
to the board for three-year terms, expiring in 2008. Michael D.
White was returned to the board for a two-year term, expiring in 2007.
Cain is the chief executive officer and president of T.H.E. New Voice,
Inc.; Fettig is the chairman, president and chief executive officer of
Whirlpool; Marsh is the former chairman and chief executive officer of
the Fort James Corporation; and Stern is a partner in Thayer Capital Partners
LLP and Arlington Capital Partners LLP, private investment companies.
White is chairman and chief executive officer of PepsiCo International.
Whirlpool Corporation is the worlds leading manufacturer and marketer
of major home appliances, with annual sales of over $13 billion, 68,000
employees, and nearly 50 manufacturing and technology research centers
around the globe. The company markets Whirlpool, KitchenAid, Brastemp,
Bauknecht, Consul and other major brand names to consumers in more than
170 countries.
Omega Microban®
Worktops Provide Peace Of Mind
The Kota Gloss design from Bushboards Omega Microban® collection
is a realistic natural granite design available as a Worktop, Splashback
and Upstand. Making a real design statement in the kitchen, the stylish
design incorporates Microban® antibacterial protection, ensuring it
also provides exceptional peace of mind for consumers.
Microban®
antibacterial protection helps to inhibit the growth of bacteria, and
is therefore particularly relevant to the kitchen area. Significantly,
Microban® now has almost 60% consumer awareness which is growing rapidly
in the UK through a wide range of household products, from soaps to dishcloths,
kitchenware and even fridge linings.
Available on Bushboards Omega and Odyssey ranges Microban® antibacterial
technology lasts the lifetime of the worktop and cannot be washed or worn
out. Whilst it is not a substitute for a good cleaning routine, Microban®
antibacterial technology is essential to protect busy households. Bushboard
effectively combines the practical attributes of Microban® antibacterial
protection with a wide selection of stylish, contemporary designs to suit
any kitchen.
Omega Microban® Worktops from Bushboard are available in generous
4.1 metre lengths and its 28 best selling decors can now be combined with
the 3 metre Odyssey worktops to save money and reduce waste. A complementary
range of Omega Splashbacks and Upstands are available in a range of natural
stone finishes to complete the kitchen look.
For further information on Bushboard call 01933 232 242 or visit www.bushboard.co.uk
For further information on Microban® visit www.bushboard.co.uk/microban
Plumbworld
Prefers Aqualux
Aqualux, the UK's leading bath screen and shower surround manufacturer,
has scooped a significant contract with multi-million pound online bathroom
retailer Plumbworld.
The Wednesbury-based company has won preferred partner status and will
be supplying a wide selection of products across its entire range including
the economically priced Euro bath screens through to its luxury Energy
Steam Cabins.
Mike Jones, Sales and Marketing Director, said: 'We are delighted to have
struck up such a strong partnership with Plumbworld. We pride ourselves
on being competitive and cost-effective as well as providing an excellent
customer service, a business ethos that closely matches our new partners.
We are looking forward to a long and successful relationship.'
Plumbworld has enjoyed considerable growth since it was established in
1999 and is now the largest independent online retailer of bathroom, heating
and plumbing supplies.
Selecting preferred partners is part of Plumbworld's strategy to enable
the company to achieve continued revenue and profit growth.
Julian Smith, Trading Director at Plumbworld said: 'Aqualux were selected
because they couldnt be beaten when it came to cost effectiveness,
quality and service. I was very impressed with all aspects of the company,
especially their product range, which is now an exciting extension of
our already strong portfolio.'
Aqualux
Products Limited is the UK's leading supplier of shower screens and enclosures.
The company holds 40 per cent of the UK shower screen market and 18.5
per cent of the enclosure market. It offers an extensive range of shower
enclosures and bath screens in its collection: Energy, Aquarius, Elite,
Euro, Steam Cabins and Walk-in. It supplies the independent, DIY multiples
and export markets. It is based in Wednesbury, West Midlands where it
employs 275 people.
For
further information please call: 0870 241 6131 or visit www.aqualux.co.uk
Merlyn is Climbing
the Property Ladder!
Merlyn Shower Enclosures is coming to a small screen near you.
Property Ladder, the Channel 4 flagship home improvement programme sees
Merlyn products featured twice during the 5th series of this successful
show.
The screenings of the 'Merlyn' episodes are scheduled for April and later
on in the series.
Over five million viewers are expected to tune in to the 5th series, presented
by Property Developer Sarah Beeny who takes a serious and in-depth look
at amateur property developing, Wellingborough retailer, Plumbco are working
with Thomas Alcindor and Jane Hodgkinson for an episode that features
the Merlyn 7 series Quad and covers the renovation of a 3-bedroom terraced
property in the town.
Wineglass designer Martin Sutherland has also fallen in love with the
Merlyn range and is using two shower walls in his luxury refurb of a 4-bedroomed
maisonette in Fulham. Martins project is very exciting with lots
of LED lighting and 'wow' effects.
The stories will also be featured on the Channel 4 website, www.channel4.com
which is concurrently running a Merlyn competition.
www.merlynbathrooms.com
Tel 00353 56 7724770
Hot News from
Siemens! Free Pan Set with Induction Hobs
Induction hobs are hot news in the kitchen as they heat food up 25% faster
than gas hobs, are safe to operate, energy efficient and easy to clean.
Whats more, they look extremely sleek and stylish on any kitchen
worktop!
Due
to the direct transfer of heat via a magnetic field underneath the hob,
only pans made of ferrous metal are suitable for use with induction hobs.
This often means the costly purchase of a completely new set of saucepans
by the customer before the new hob can actually be used for cooking.
Leading manufacturer Siemens is solving the problem this spring by offering
a brand new 4-piece set of stainless steel saucepans free with every induction
hob sold from the current range between now and the end of the year. All
four shiny stainless steel saucepans are attractive, robust and durable.
Siemens induction hobs boast a plethora of special features that make
them stand out from the crowd; like sleek touch controls, automatic safety
cut out and LED electronic digital displays. All models are designed to
co-ordinate with other stainless steel cooking appliances in Siemens
built in range.
The free pan offer also includes three non-induction hobs from the companys
new s-line cooking collection, namely ER77160GB 5-burner gas
hob plus the two Piezo ceramic hobs, models ET73P501E and
EH77P501E.
Special leaflets promoting this offer are available at point of sale from
Siemens stockists nationwide. Pan sets will be provided direct to
the trade in advance to ensure that customers receive them when purchasing
the hob, rather than having to send off a claim form and wait for the
pans to arrive.
Comments Siemens Brand Manager, Jane Massey:
'This promotion highlights the many benefits of investing in a Siemens
induction hob. In addition to heating up and cooling down faster than
any other hobs in the range, the free pan sets are valued at over £100
so theres never been a better time to buy Siemens built in cooking
appliances!'
Hoffmann
Sponsors Intriguing Exhibition
World
leaders in dovetail key joining technology for wooden components recently
conducted a dual sponsorship of a unique art exhibition in Hoffmann Germany's
home town of Bruchsal.
The Natural Worlds exhibition exhibited paintings from local
artist Jürgen Spaske (sponsored by Hoffmann Germany) and Lancashire
woodturning expert John Grimshaw - a past Axminster award winner - who
displayed intriguing nature-related concepts of seascapes and fossils
mainly turned from characteristic burrs. He was sponsored by Hoffmann
UK and resides in Hoffmann UK's managing director John Galvin's home town
of Bentham.

The
whole exhibition was a truly collaborative effort and John Galvin's long
association with Hoffmann Germany, his knowledge of the locality and the
long standing contacts and friendships he's made there led to the exhibition
being held in the prestigious surrounds of the fabulous baroque Schloss
Bruchsal following the involvement of Willi Heist, a local landscape expert
and friend of John Galvin's.
Held over three weeks and culminating over the Easter weekend the exhibition
was hailed a great success with many fascinated and appreciative visitors.
The Hoffmann product - because of its many technical attributes and great
versatility, has been involved in many artistic applications apart from
its normal commercial uses. From picture frame construction through to
three-dimensional murals, and many other imaginative schemes where wooden
components need to be joined in a variety of angles and patterns.
Tel: 015242 62500
Email: mailto:info@hoffmann-uk.com
Web: http://www.hoffmann-uk.com
Electrolux
AGM Re-elects Board and Proposes Dividend
The Annual General Meeting of AB Electrolux was held on Wednesday, April
20, in Stockholm.
Peggy Bruzelius, Aina Nilsson Ström, Hans Stråberg, Barbara
R. Thoralfsson, Michael Treschow and Karel Vuursteen were re-elected to
the Board. Tom Johnstone, Caroline Sundewall, Marcus Wallenberg and Louis
R. Hughes were elected as new Board members. Louis R. Hughes thus returned
to the Board after leaving it in September 2004, when he was appointed
Chief of Staff for a group of advisors to the Afghanistan government.
The number of Board members elected by the AGM has thus increased to 10,
as against in January-September 2004, and seven since October 2004.
The proposed dividend of SEK 7.00 per share was adopted. The record date
was set as April 25, 2005, and dividends are expected to be paid by VPC
(Securities Register Center) on April 28, 2005.
The parent company's and the Group's Income Statements and Balance Sheets
were adopted. The Board of Directors and President were discharged from
liability for the fiscal year 2004.
The AGM elected Michael Treschow as Chairman of the Board. At the statutory
Board meeting Peggy Bruzelius was re-elected Deputy Chairman.
Performance-based long-term share program
In accordance with the previously announced proposal by the Board of Directors,
the AGM adopted a performance-based long-term share program for 2005 that
is substantially identical to the program resolved for 2004.
The program covers less than 200 senior managers and key employees, and
is based on value-creation targets for the Group that are established
by the Board of Directors. The program provides for allocation of shares
if these targets have been reached or exceeded after a three-year period.
Allocation is maximized to a specific level which may not be exceeded
regardless of value created. A minimum level must be exceeded to enable
allocation.
The program comprises B-shares. Participants are permitted to sell some
allocated shares to cover personal income tax, but the remaining shares
must be held for two years
The program is in line with the Electrolux principles for remuneration
based on performance, and is an integral part of the total compensation
for the Group's senior managers and key employees. The Board of Directors
considers that the program will benefit the company's shareholders and
also facilitate recruitment and retention of competent employees.
If value created is at the "stretch" level, i.e. the maximum
level, the cost of the program is estimated at approximately SEK 267m,
including employer contributions and the financing cost for repurchase
of own shares. If value created is at 'target' level, the cost is estimated
at a maximum of approximately SEK 165m. The cost of the program is comparable
with previous share and stock-option programs. The program is expected
to result in a maximum increase in the number of shares of approximately
0.51%. Repurchase and transfer of own shares
The Annual General Meeting approved, as in previous years, a new program
for repurchase of A- and/or B-shares during the period prior to the Annual
General Meeting in 2006.
The purpose of the repurchase program is to continuously enable adaptation
of the Group's capital structure, thus contributing to increased shareholder
value. Electrolux should also be able to use repurchased shares in connection
with financing of potential acquisitions and the option programs for 2000-2003,
the 2004 share program, and the 2005 share program.
The company may repurchase shares in an amount such that, following each
repurchase, the company holds a maximum of 10% of the total number of
shares in the company. Purchases may be made only through transactions
on the Stockholm Stock Exchange at a price per share within the prevailing
registered price interval.
As of April 20, 2005, Electrolux held 17,733,300 B-shares, corresponding
to5.7% of the total number of outstanding shares. With reference to the
current holding of own shares, a maximum of 13,158,730 shares may be repurchased.
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