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Vitra
Presents Hot News at Cool Venue
At
its annual briefing for trade media, international bathroom brand, VitrA
told journalists assembled at the Absolut Ice Bar of its plans to become
a top three brand in the UK.
The
company has - under the 14 year leadership of outgoing Managing Director
Levent Giray - risen to a top five player in the UK. In his outgoing address
Levent said that when he joined VitrA back in 1992 it was an obscure manufacturer
with a very limited range of sanitaryware, serving a narrow segment of
the market and with a turnover in the region of £200,000.
Levent Giray continued: Today VitrA is a major force in the UK market
with an extensive contemporary product range covering baths, furniture,
brassware and accessories, as well as ceramic sanitaryware. From a turnover
perspective, we will do over £18m this year, and despite two difficult
years in this industry, VitrA UK has achieved growth in both 2005 and
2006.
Levent, who is leaving the UK operation to head VitrA's US operation in
Atlanta, said that strong foundations were now in place for VitrA to build
on its position and that Erol Donmez (pictured, right, at yesterday's
presentation), his successor who joins from the pharmaceutical division
of VitrA's holding company, Eczacibasi was the man for the job.
Erol Donmez has a background in sales and marketing and is credited with
establishing the NIVEA and Avon brands as number one in his native Turkey.
His fmcg background and brand building experience will bring a new dimension
to VitrA and indeed the bathroom industry.
Commenting on his plans for building the VitrA brand in the UK Erol said:
We have the product offer, the distribution network and the team
in place, my job now is to build the VitrA brand.

Your
humble scribes, hard at work in the Icebar yesterday
Erol
Donmez said that VitrA already had plans in place to take it there.
The Istanbul collection designed by Ross Lovegrove for VitrA has
already put VitrA firmly on the map in the design world, winning awards
from the design community, and we will continue to leverage this success
to build our brand with both consumers and contract customers.
He said that the Istanbul collection had already been specified for a
number of high profile developments including the UK's first women only
powder room - WC1 - due to open in early December and the soon to be opened
St Alban Restaurant, the latest venture from Chris Corbin and Jeremy King,
the team behind The Ivy and The Wolseley.
VitrA's collaboration with Ross Lovegrove will continue into 2007, the
designer is working on a more mass market range that addresses such issues
as water conservation, the concepts for which are due to be shown at ISH
in March.
The company announced that it is extending its collaboration with the
design cognoscenti. Italian designer, Matteo Thun, creative director for
Swatch between 1990-93 and winner of several design awards within the
hotel sector, is designing a new collection specifically for the hotel
and hospitality sector.
Erol said that growth will also come from VitrA's tiles and brassware
businesses, which to date had been viewed as 'accessory' products. He
said that VitrA now had the depth of product range and capabilities to
be a significant player in both of these markets.
From its tile manufacturing plant in Eire, VitrA is to supply its retail
Showrooms of Excellence with a dedicated range of tiles in 2007.
The company's success is not just being driven by the retail side of the
business. Phil Baker, VitrA's Contracts & Specifications Manager said
that a number of high profile contract wins in the last 12 months, including
the supply of sanitaryware to T5, had put VitrA firmly on the map of the
UK's top architects.
Phil Baker said it was VitrA's ability to be 'flexible not fixed' that
was winning contracts. He said the T5 win came about because unlike
several manufacturers who were called in, VitrA was prepared to listen
to what the design manager wanted to achieve at T5, and perhaps more unusually
in this industry, was prepared to work with the design team to design
and manufacture a bespoke product.
The
result of this collaboration is, what is believed to be the world's first
fully compliant DDA toilet - a product that is opening up other new opportunities,
most recently with McDonalds restaurants and the Welcome Break group.
For both of these specifications accessibility and water conservation
were high priorities.
Next year VitrA plans to capitalise on its special needs range by extending
into the retirement homes sector - where it feels it has a range that
reflects all current standards whilst not compromising on style.
In the housebuilding sector, VitrA has strengthened its team with the
appointment of Ross Rigby who will focus on working closely with the UK's
leading developers. The company continues to work with Wimpey Homes nationally
and has recently won contracts from Bloor Homes.
Amongst its more high profile wins in the housebuilding sector are further
projects with Urban Splash, including the CHIPS development in Manchester
and the Langworthy 'Chimney Pots Park' project in Salford. Both of these
projects involve off-site pod manufacture - an area that VitrA is becoming
increasingly involved in.
Being 'involved' is also VitrA's approach to winning specifications for
the 2012 Olympics. Rather than stand back and wait, Phil Baker explained
that VitrA was actively talking to water companies, local authorities
and the ODA. He said that the company's presence at Expo 2007 would focus
on its contract offer Expo will be the shop window for those
specifying washrooms for the 2012 Olympics and our focus will be on showing
our capabilities.
Phil Baker wrapped up the briefing with a toast to Levent Giray and a
welcome to Erol Donmez. He concluded that 2007 signalled the start of
a new and exciting era for VitrA.
Aqualux
is the Best of the Best
Aqualux
has proved only the best will do as the company celebrates scooping 'Business
of the Year' at the prestigious 'Best of the Black Country Awards'.
The UK manufacturer of shower surrounds and bath screens was named as
the winner of the highly respected award at the black tie ceremony hosted
by the UK's biggest regional newspaper, the Express and Star.
Over 100 companies from across the region initially entered the Business
of the Year category and Aqualux was amongst three finalists which were
short listed to attend the glittering awards ceremony held at Dunstall
Park racecourse. As the winner, Aqualux won £1000 and a stylish
glass trophy that will join the Best Bathroom Product award the company
won at the House Beautiful Awards this year.

Managing
Director James Cadman (centre) celebrates with staff at the awards ceremony.
The
managing director, James Cadman, is exceptionally pleased that Aqualux
has been recognised as the best business in the Black Country. He said:
Aqualux is not just about bringing innovative new products to the
marketplace, we address every aspect of our business. We are extremely
committed to making sure our staff have the best training available so
they can provide excellent service - which all plays a huge part in making
Aqualux as successful as it is.
The Wednesbury-based company unquestionably proved to a panel of judges
that its business strategy, which includes expanding into new markets
and innovative product developments, significantly impacts on the economic
success of the region.
Aqualux was also able to successfully demonstrate its long-term commitment
to the area and the importance it places on staff training and development.
More than 500 movers and shakers from leading businesses attended the
event where the Governor of the Bank of England, Mervyn King, entertained
the audience with stories about his memories of the region during his
childhood.
Stoves
Ovens and Hobs on Set for the New UKTV Food Series
Four
Stoves built-in electric ovens and built-in gas hobs have been placed
on set for the new series of UKTV Food's Local Food Heroes 2006, which
began on Monday 20th November 2006.
Presented by Gary Rhodes, Rosemary Shrager and Oliver Roe, the show searches
for the nation's local food heroes, from cafes serving freshly cooked
regional dishes to butchers selling meat from nearby farms, with a series
of regional heats to discover the overall winner for 2006.
Showing weekdays at 8pm on UKTV Food from 20th November, the four Stoves
ovens and hobs will be in use throughout the series, helping the shortlisted
contenders compete against each other to win the coveted Local Food Hero
Award.
The 600EF single electric fanned double ovens have a whole host of practical
features to make cooking under the studio lights less stressful. With
a high performance variable grill and LED clock/automatic programmer function,
the 600EF also has twin side lights and a handy door arrest position whilst
the 700GE 70cm gas hob has five variable burners, powerful central wok
burner and twin enamelled pan supports. Suitable for the serious chef,
the ovens also feature wide mirrored viewing windows so it's easy to keep
an eye on how things are cooking.
With Stoves Pristine® enamel, which is up to three times easier to
clean than standard enamels, and removable control knobs, shelf supports
and inner glass, these ovens are guaranteed to make the whole cooking
process more hassle free for each contestant.
What
a Waste of Water, says BMA
The
60 million people in the UK use a staggering nine thousand six hundred
million litres of drinking water each day for domestic use. As the climate
changes and we enjoy drier winters and hotter summers, supplies will become
scarcer and there simply wont be enough water in parts of the country
to sustain current levels of supply. This topic is here to stay so the
Bathroom Industry needs to listen and take appropriate action.
Recent reports from retailers, however, claim some consumers remain apathetic
towards water efficient bathrooms and instead they want bigger, better
and more powerful products. However, whilst its the Industrys
duty to deliver the experience consumers want, with water conservation
such an important issue wheres the common ground?
Most
stakeholders would no doubt agree that there has to be a collective effort,
and this was certainly a message delivered throughout the BMAs Inaugural
Conference Precious Water Water Pressures held in October.
What would make consumers favour water efficient products? Would increased
availability of more water efficient products encourage consumers to buy
them? Perhaps mandatory water metering is the way forward. How about increased
usage of grey water for the garden and flushing, which would reduce the
burden on treated drinkable water? Repairing leakages would save water.
Each of this has potential, but only if we educate first.
The Water Saving Group believes metering will save water and this week
the Government has taken some decisive action to tackle the issue. On
20 November Environment Minister Ian Pearson, who also chairs the group,
announced a consultation on metering for areas affected by serious water
stress, which will be identified by the Environment Agency.
Water metering in the UK stands at around 28 per cent, and is growing
by two per cent a year on a voluntary basis. Defra statistics show that
water savings made from metering are around 10 per cent for a typical
household.
Pearson said the consultation will take place next year and aims to make
water companies in seriously affected areas consider mandatory metering,
but it would not propose compulsory metering on a national basis and nor
did he see metering as an alternative to a tough approach on reducing
leakage.
'Of course, metering is not a solution in itself, and in areas where water
is in short supply water companies need to use the full range of measures
including tackling leakage, encouraging water efficiency, and bringing
on new supplies, and we must take into account any impacts on customers
bills,' says Pearson.
After consultation, each water company will decide whether to include
a programme for introducing compulsory water metering in its final 25-year
plan. However, if the case for metering isnt strong enough Ministers
may direct the removal of metering proposals from the final plan, so there
are no guarantees, but its a step forward in a lengthy process.
Other European governments are taking a different approach. The Irish
Government believes dual flush toilets are the solution. From 2008, they
will become compulsory in all new builds and existing buildings where
WCs are being replaced. The initiative will save water companies an estimated
€700,000 per annum.
Irelands Department of the Environment, Heritage and Local Government
believes dual flush toilets will reduce treated water consumption by approximately
27 per cent, or at least 700 million litres of drinking water every year.
Could this idea take off in the UK?
With the introduction of the Home Information Packs on 1 June 2007, energy
and water conservation is a pressing issue, which will also feature high
on political parties agendas at the next General Elections.
Various ideas are already floating around such as incentives making it
easy for home owners to release equity to make their properties more energy
efficient and a reduction of VAT on home improvement products. The reduction
already applies to 17 European countries and the Isle of Man until 2010.
Lord Brooke President of the National Home Improvement Council (NHIC)
said at the Councils Annual Awards on 23 November that the UK must
embrace an additional range of housing priorities that are crucial for
our planets survival, because homes produce a third of the national
carbon dioxide emissions.
'Despite the NHICs endeavours and those of like-minded organisations,
the Governments approach to the private sector problem has so far
been limited with measures only targeted at the most vulnerable
households,' says Brooke.
Theres no doubt that the market for water efficient bathrooms could
certainly be a lucrative one, but we have to begin creating demand through
effective education and we must champion the cause. We need to start at
the beginning of the supply chain with designers and manufacturers and
filter it down to distributors, retailers and installers.
For those stakeholders who feel energy and water conservation is not an
important topic the BMA strongly urges you to look at its WaterHog website
at www.bathroom-association.org designed to aid in the educating process
and help identify bathroom products that use water efficiently to bring
optimum results.
WaterHog is cram-packed with hints, tips and educational fact sheets for
all ages, together with a product selector and useful links.
For further information please email karen.myles@bathroom-association.org.uk
or telephone 01782 747123 .
Indesit
Q3 Includes 'Excellent Performance' from UK
The
board of directors of Indesit Company, chaired by Vittorio Merloni, met
on 26th October to approve the consolidated figures for the 3rd quarter,
which closed with sales of €871m, up 5%. Net profits rose to €23m
(up 127% on 2005). Ebitda amounted to €80m (up 24% on the same period
in 2005).
The net financial position improved by €120m, moving to €614m
(€734m in 3rd quarter 2005) partly due to a reduction of around 27%
in net working capital to €218m (€298m at 30th September 2005).
The restructuring charge for 3rd quarter 2006, in line with the Group's
three-year industrial plan presented last year, was €7m (€11m
in the same period of 2005) and for the first nine months of 2006 was
€27m (€21m in 2005).
Today's results follow on from a series of positive quarterly results,
commented chairman Vittorio Merloni. This gives us even more confidence
about the challenges facing us in the international competitive arena.
We are on track with the three-year plan announced last October,
which remains our point of reference, said Indesit Company's CEO
Marco Milani. In all the regions where the Group operates we've
seen increased sales and market share. In terms of profitability, there
was excellent performance in the UK. In short, 2006 has built on the turnaround
we achieved in the second half of 2005.
Streamlining and internationalisation of the new management structure,
tight control of general expenses, improved production efficiency and
successful new product launches over the year are enabling Indesit Company
to sharpen its competitive edge and provide an increasingly effective
response to different needs in different countries.
In this context, Indesit Company has started building two new washing
product plants in Poland. Production is scheduled to start up in the first
half of 2008.
The results of these processes are reflected in both the 1st half results
and the quarter just closed.
The Board also approved the half year report.
Main results in 3rd quarter 2006 (3rd quarter 2005 figures in brackets)
Sales amounted to €871m (up 5%, €829m).
Ebitda before restructuring costs was €87m (up 14%, €76m). The
impact on sales was 10%.
Ebitda was €80m (up 24%, €65m). The impact on sales was 9.2%.
Ebit before restructuring costs was €52m (up 31%, €40m).
Ebit was €45m (up 59%, €28m). The impact on sales was 5.2%.
Profit before tax amounted to €38m (up 79%, €21m).
Net profits amounted to €23m (up 127%, €10m).
The net financial position improved, moving down to €614m, against
(€734m).
Net working capital stands at €218m (€298m at 30th September
2005).
Results for 1st half 2006 (1st half 2005 figures in brackets)
Sales amounted to €1,461m (up 5%, €1,394m).
Ebitda before restructuring costs was €145m (up 9%, €132m).
The impact on sales was 9.9%.
Ebitda was €124m (up 1%, €122m). The impact on sales was 8.4%.
Ebit before restructuring costs was €73m (up 16%, €63m). The
impact on sales was 5%.
Ebit was €52m (-1%, €53m). The impact on sales was 3.6%.
Net profits amounted to €19m (€19).
In-toto
Announces Best Sales Figures to Date
Independent
fitted kitchen retailer, In-toto Kitchens, has reported a bumper year
to date for retail sales, despite industry fears of a downturn.
The company, which is part of the German kitchen manufacturer, Alno/Wellmann
Group, saw an increase in sales of more than 20% for the first three quarters
of 2006 compared to the same period last year, reflecting the continued
growth of the nationwide network of In-toto franchised showrooms as well
as the popularity of the stylish, contemporary product range.
Commented Graham Russell, National Franchise Manager at In-toto Kitchens,
The high quality of our German manufactured product range, combined
with imaginative design and a professional end-to-end service, is proving
a winning combination. Essentially, In-toto is able to provide the look
and feel of a designer kitchen but at considerably less than designer
kitchen prices!
This year, In-toto Kitchens has opened new showrooms in Amersham, Ealing,
Northwood Hills, Portsmouth and Swindon with Norwich, Derby and Cardiff
opening early next year.
Graham Russell concludes, We will shortly be introducing the exciting
new styles and colours from Germany into our showrooms. They look fantastic,
our franchisees love them and we anticipate strong response from our customers
- so watch this space for better than ever sales figures for 2007!
Stellar
Performances from New Acquisitions
The
latest stars in Aga's blue skies are Stellar, with its boilerless steamers,
and Eloma, with its combi-ovens, both of whom have begun to earn significant
new sales volumes in several North American markets. Indeed, according
to Mitch Cohen, VP of Cooking System Sales for Stellar, Eloma and Infinity
fryers, growth for AFE's 'hot side' companies in the high-volume
retail food and several non-commercial sectors has surpassed all 2006
sales projections.
Stellar's boilerless steamers are proving particularly popular in the
healthcare and senior care markets whilst Eloma's combi-ovens, having
only entered the North American market earlier this year, have seen strong
sales activity, including a growing relationship with a national big-box
retailer that will include the installation of the company's combi ovens
in more than 70 stores.
As Mitch Cohen explains: There are several reasons why Stellar and
Eloma products are beginning to take market share away from longer-established
competitors. Our first advantage is better build quality, which we support
with exclusive two-year standard parts and labour warranties. End users
are also recognising that they can save more energy, water, time and money
with Stellar and Eloma equipment thanks to their boilerless designs, patented
heat exchangers and ability to prepare foods just as fast as conventional
models while consuming less electricity or gas.
Glen
Dimplex Acquires Metal Fab Industries
The
Glen Dimplex Group has acquired a 65% shareholding in Metalfab from its
founding shareholders, Colin Mitten and Brendon Massey. Metalfab is based
in Auckland, New Zealand and has an Australian subsidiary Metal Fab Pty
Limited based in Melbourne.
Metalfab manufactures and distributes gas and wood burning fireplaces
and stoves which are sold under the Masport and Logaire brand names.
It has a turnover of NZ$30 million (Euro 15 million) and employs 120 people.
Colin Mitten and Brendon Massey remain with the business in their current
roles as Chief Executive Officer and Finance Director respectively.
Glen Dimplex Chief Executive, Sean O'Driscoll said we are delighted
to have invested in Metalfab and in its Masport and Logaire brands. We
see a significant opportunity in increasing sales of the Glen Dimplex
Groups patented Optiflame (r) and Electraflame (r), and electric
fires in New Zealand and Australia through the Metalfab distribution system.
We look forward to working with our new colleagues to further grow and
develop the Metalfab business.
The Glen Dimplex Group is the Worlds no. 1 in electric heating and electric
fires. It also holds significant worldwide market positions in gas and
electric cooking appliances, small domestic appliances and sustainable,
renewable energy appliances.
Group turnover exceeds NZ$3 billion (Euro 1.5 billion) with 8,500 employees
worldwide. Included in the Groups business portfolio are brands such as
Dimplex, Morphy Richards, Stoves, Belling, Nobo and Noirot.
Top
Level Talks between Ideal Bathrooms and Ideal Standard
Newly
appointed Ideal Standard European President - John Rietveldt (pictured)
- visited the UK recently to take an in-depth look at the UK market and
product trends.
In
order to ascertain exactly what is happening in the UK market and how
it differs from other parts of Europe, he paid a visit to Ideal Bathrooms
at the companys Milton Keynes headquarters to hold in-depth discussions
with Martin Carroll and his team.
John wanted an impartial view of the UK bathroom industry as a whole,
so he came exclusively to the country's leading bathroom distributor.
It was an excellent meeting and we had a long and productive discussion
on all aspects of the market says Ideal Bathrooms' Managing Director,
Martin Carroll. As Ideal Standards leading distributor in
the UK, we are in the unique position of being able to provide a highly
detailed analysis of sales and trends, so it was no surprise that John
took time during his trip to visit us.
In addition to covering industry trends, Martin Carroll was also able
to advise on potential new product development areas. The discussion also
included the background to the successful business growth between the
two companies over the years and ideas for further improvements in both
business and communication programmes.
The meeting was highly encouraging, adds Martin Carroll. We
were reassured of our important role in Ideal Standards marketing
and sales plans and were advised of new developments under consideration
to assist our own planning. John Rietveldt assured us that our businesses
would go from strength to strength with each others support.
Ideal Bathrooms is also due to be visited by Ideal Standards European
President of Wellness - Lucio Colussi - in the next few weeks, again with
a view to receiving Ideal Bathrooms knowledge and wisdom on the
UK marketplace.
What next? A New York presence for Ideal Bathrooms at Ideal Standard world
headquarters...
Electrical
Inspection and Testing, Part P of the Building Regulations
The
Faraday Centre is a specialist high and low voltage electrical safety
training provider and will be conducting an evening seminar (Free of charge)
covering the requirements for inspection and testing of domestic and commercial
equipment and installations. The seminar is intended to provide businesses,
electricians, electrical contractors, bathroom/kitchen fitters, etc information
and advice relating to the requirements 'Part P' of the building regulations
in the inspection of electrical systems, testing and completing of documentation
(Test Forms).
The seminar will be held on the evenings (6-9pm) of 25th Jan 07 in Middlesbrough,
15th Feb 07 in Newcastle and 1st March 07 in Leeds.
To book your Free place, please contact The Faraday Centre.
Faraday UK seminars (Free):.
* Electrical Inspection and Testing.
25th Jan 07, 6-9pm, Thistle Hotel Middlesbrough.
15th Feb 07, 6-9pm, Thistle Hotel Newcastle.
1st Mar 07, 6-9pm, Weetwood Hall Leeds.
Faraday Cyprus seminars:.
* Electrical Safety in Offices, Hotels, Homes.
30th Jan 07, 9am-1pm.
* Electrical Troubleshooting Techniques.
31st Jan 07, 9am-1pm.
* Use of Electrical Equipment in Hazardous Area.
1st Feb 07, 9am-1pm.
To book your place, please visit http://www.faradaycentre.co.uk.
KBSA
Corporate Forum Embraces Change
The
Kitchen Bathroom Bedroom Specialists Association corporate forum was well
attended by more than 60 corporate members, publishers and journalists
who participated in a lively debate about the future of the corporate
members of the association at Ansty Hall in Coventry on November 16th.
KBSA National Chair, Tony Nicholas, led the debate after a number of presentations
from a series of guest speakers. Hannah Wooldridge from the Environment
Agency spoke about the impact of the proposed new WEEE directive on manufacturers
and dealers. Renee Mascari, CEO of the KBB NTG, introduced the new NTG
training calendar and Carol Downing from CDC, the KBSA's PR agency, presented
a review of the past year's PR and marketing activities.
KBSA
Corporate Chair, Barbara Leech and Tony Nicholas, also spoke of the need
for the KBSA to evolve into an industry wide association embracing the
changes that may be required. Barbara presented a potential new umbrella
structure that would encompass the three channels represented in the industry
- the KBSA, who fulfil the needs of all current retail members, the NTG
and the creation of KMA a home for potential new members who are currently
not served by the KBSA.
Support for the KBSA is strong with over 107 major brands and distributors
currently enjoying corporate membership benefits such as the membership
directory, The Specialist magazine, the KBSA website and the Design Innovation
and Excellence Awards, said Lucinda Kenny, KBSA Operations Director.
However, we are being made increasingly aware that we may need to
add additional benefits to the corporate membership package in response
to changing needs. A list of key areas has been established by the KMA
working group led by Martin Gill of Poggenpohl. The KBSA has responded
to this by illustrating that several of these needs can already be met
by current KBSA activities and that others could be provided with the
extra investment from members.
Tony proposed a number of options for the future direction of the KBSA
and asked those corporate members present to indicate their preferred
choice. The majority of those present indicated that they supported a
move towards a new enhanced industry association with the option of additional
benefits for corporate members that would in turn enhance the consumer
branding of the KBSA.
Barbara said: Our industry is facing many challenges and the KBSA
is ready and able to respond to these as well as the changing needs of
our members. We have also been involved in the discussions that have been
generated by the embryonic group the KMA, offering them proposals on how
we could all work together to develop a new industry wide association
that is a true and strong 'voice of the industry. We are fully supportive
of the KMA's objective to provide the industry with a more effective voice,
however we believe a splinter group will weaken rather than strengthen
the objective. The current Association can evolve to encompass all the
identified requirements, which is why we offered the use of our facilities
for the group to meet prior to our corporate forum, and why we will continue
to work with the KMA to fulfil the known objectives.
I am delighted that the initial response from members is that we
should continue to explore the option of a new 'super industry association'
which we will progress with the NTG, KMA and other interested parties.
Lucinda Kenny concluded by saying that a consultation period would follow
so that members' views could be discussed more fully. This is not
something that will happen overnight, KBSA strategic policy does not advocate
a quick fix and we will pay solid attention to the needs of our members.
Web: http://www.kbsa.co.uk
Bristan
Expands Successful Online Shower Training Academy
Following
the successful launch of the Online Shower Training Academy last year,
Bristan is already expanding the reach of its training. A new module,
Ceiling Fed Showers, is the latest addition to the academy which is designed
to help installers become familiar with the principles of specifying showers.
The
free of charge training programme is designed for both installers and
trade counter staff and the latest module on ceiling fed showers gives
technical features and benefits of the products as well as offering installation
advice. One of the most attractive benefits of ceiling fed showers for
example is that they provide an easy solution to fixing a shower to a
solid wall. They can be fitted directly onto existing tiled surfaces and
rise up into the ceiling without the need for chasing out walls for pipework.
For installers and trade counter staff wanting to be able to buy, sell
or fit ceiling fed showers, the addition to the Online Shower Training
Academy will be invaluable.
Divided into three parts, the module covers the three styles of Bristan
ceiling fed showers including Twinline and Dual Control. To gain a certificate,
users can browse the module at their convenience to gain an in-depth understanding
of the subject, and then correctly answer a series of multiple-choice
questions.
Rather than taking time out to attend a day course, an installer can tailor
this course around other work duties, simply logging on at any time of
the day or night and working at a pace that suits them. The new Ceiling
Fed Showers subject can be taken separately from the original six module
Bristan Shower Specialist which covers aspects of plumbing systems, WRAS
approval and accreditation, shower pumps and specification of different
shower types.
The training site will also act as a vital information resource for notifying
installers about upcoming legislation changes and give troubleshooting
advice and installation tips.
Judith Gibbons, Head of Marketing for the Bristan Group says: We
have been delighted with the response to our Online Shower Training Academy
and we have been inundated with both novice and seasoned installers and
trade counter staff logging on to learn, refresh and update themselves
on key issues within the industry. We identified ceiling fed showers as
another strand for the academy and feel sure that this module will be
as well-received as the others. Installers have been particularly impressed
with the flexibility of the system and the ability to fit it into their
busy schedules. The speed with which new legislation and information can
be accessed is another major benefit and we will continue to update this
section to include anything of relevance.
Web: http://www.bristanshoweracademy.co.uk
Dynamic
Growth at AFG, although Miele Slow
AFG
Arbonia-Forster-Holding AG, a leading European supplier to the construction
industry, recorded net revenues of CHF 553.6 million or a 9.7% increase
in the first six months of 2006 (compared to CHF 504.8 million for the
same period last year). Adjusted for acquisitions, this represents a first-semester
growth of 6.3%. Above average increases were recorded for all key income
figures. EBITDA increased by 25.3% to CHF 55.9 million (CHF 44.6 million
last year). EBIT rose by 50.1% to CHF 33.0 million (CHF 22.0 million last
year), reaching 6.0% of net revenues, a level never attained before in
the first semester. Corporate after-tax profits increased by 95.7% to
CHF 22.2 million, almost double the amount recorded last year (CHF 11.4
million).
Due to favourable economic developments, especially in the domestic markets
of Switzerland and Germany, all four Divisions made clear-cut progress
in various areas. The strikingly better numbers are a function of
the high quality of our products and services as well as of the structural
and organisational measures that were taken last year to improve cost
structures and sales, said Edgar Oehler, Chairman of the Board of
Directors and CEO of AFG Arbonia-Forster-Holding AG, about the encouraging
developments of the first semester of 2006. This is the Group's first
semester report in accordance with International Financial Reporting Standards
(IFRS).
Outstanding growth in Heating Technology and Sanitary Equipment Division
During the first six months of 2006, the Heating Technology and Sanitary
Equipment Division benefited from the Europe-wide recovery of the construction
industry with its correspondent investment increase. Sales trends varied
in all other markets. Further sales increases were achieved in most countries
during the first semester, with parallel increases in market share.
Overall the Division recorded net revenues of CHF 266.3 million (compared
to CHF 248.2 million last year), which represents an organic growth of
7.3%. Thanks to the increase in revenues, cost savings and lower cost
of materials, the Division's EBIT was disproportionately high, climbing
to CHF 21.8 million (compared to CHF 10.3 million last year).
Kitchens: success in Switzerland and export markets - problems in Germany
The Kitchens and Refrigeration Division increased its net revenues by
19% to CHF 123.5 million (compared to CHF 103.8 million last year) during
the first six months of 2006. Adjusted for the acquisition of Miele Kitchens,
the growth is 3.2%. The below-average increase is due to the investments
that were made in the development and expansion of international markets
following the acquisition last fall of Miele Kitchens and its international
distribution network. These investments were higher than originally planned.
They are investments of strategic importance, explains Oehler,
as we announced last spring and will have a positive impact on the
globalisation of AFG's kitchen business in the mid-term. Both Bruno
Piatti AG and Forster Kitchens showed remarkable improvement, however,
proving that the continued consistent implementation of the integration
strategy for both brands is increasingly paying off.
On the other hand, sales of Miele kitchens were still unsatisfactory,
especially in Germany. Higher international expansion costs and sales
problems in Germany resulted in an EBIT for the Division of CHF 0.4 million,
a drop from last year's CHF 3.0 million. The corrective measures that
have been taken in the organisation and management of Miele Kitchens should
begin to produce noticeable improvements in the second semester of 2006.
Optimistic outlook
Although a rise in demand may lead to an increase for the cost of materials,
energy and salaries during the second half of the year, the Board of Directors
and Corporate Management anticipate a continuation of the clearly better
business climate that contributed to the encouraging developments at AFG
during the past semester. A clear-cut year-over-year increase in the number
of orders on hand supports this expectation.
Küchen
Holding GmbH Acquires Shares of ALNO AG
On
17th October the board of ALNO AG, Pfullendorf, was informed by GermanCapital
GmbH, Munich, as representative of the main shareholders in Küchen
Holding GmbH, Munich, that Küchen Holding GmbH had acquired 20.6%
of the shares in ALNO AG from Commerzbank AG subject to the agreement
of the monopolies commission.
It was also announced that Küchen Holding GmbH was to present the
remainder of the shareholders in ALNO AG with a voluntary public takeover
bid. The offered price would be 7.20 euro, and according to information
from GermanCapital GmbH included a premium of 13% on the average price
of the past six months. ALNO AG will submit its recommendation after presentation
of the offer document.
GermanCapital has declared that the involvement in ALNO AG was by agreement
with the current major shareholders, IRE Beteiligungs GmbH, Schorndorf,
a subsidiary of Whirlpool Greater China Inc., Benton Harbor, Michigan/USA
and the Hellwig family and its affiliated shareholders. The aim is to
achieve a combination of solid continuity and strategic durability on
a mutual platform under the umbrella of Küchen Holding GmbH that
would lead the company into the future.
Küchen Holding is a constructively supporting shareholder that provides
strong, competent frameworks for corporate-based group policies. The corporate-political
aim expressed by GermanCapital is to provide the optimum support for the
current board of ALNO AG in its continued realignment of the ALNO group
in line with its strategy programme FUTURA III.
By continuing the company's development of recent years, FUTURA III is
aimed at enhancing the value of the ALNO group by increasing the company's
profitability through relative growth and performance efficiency.
Above all, the focus is on optimising the added-value, process and management
structures of the national organisation and the development of foreign
business, including the construction of international production sites.
In addition to the operational strategies, in view of the high level of
indebtedness and the need for growth in further developed structures,
capital management also plays an important part in FUTURA III. Here too,
the involvement of a long-term, strategically orientated financial investor
will be of benefit. GermanCapital has stated its intent to provide its
core competence as part of its investment for the benefit of the ALNO
group.
At this year's general meeting, ALNO AG stated the profile of requirements
for a major investor to be:
* content and financial support for the strategy programme FUTURA III
* long-term orientation
* guarantee of strong, calculable and competent environment structures
The board of ALNO AG believed that this would provide a highly significant
base for the future of the group.
The board, or company, will thoroughly check the documentation for the
voluntary public takeover bid to shareholders of ALNO AG. In the event
of a positive result, the perspectives given to shareholders at this year's
general meeting with regard to the acquisition of a suitable investor
in the above sense will have been realised successfully ahead of schedule.
Blum
- Innovative Products Produce Further Growth
Thanks
to product innovations and consistent commitment to international markets,
Julius Blum GmbH has again accomplished a successful operating result
for the 2005/2006 business year ending June 30th. Gerhard E. Blum, managing
director and co-owner of the manufacturer of fittings, reported to representatives
of the business press in Hoechst, Austria, that the provisional turnover
of the Group amounted to 962.3 million euros (in comparison to 821.1 in
the previous year). Key factors have been new products and applications
to perfect the opening and closing action of furniture doors, drawers
and wall cabinets.
Positive development of markets
The economy has fared well in large economic areas, which has contributed
greatly towards the company's increase in turnover. All in all, European
markets have prospered, and business has even improved in Germany.
Blum has also benefited from the upward trend in America which has persisted
for some years now. The same can be said of Asian markets.
Innovative products to support latest trends
The worldwide trend towards enhanced comfort in kitchens and consequently
high-quality fittings systems continued in the 2005/2006 financial year.
Blum has actively supported this trend with product solutions such as
BLUMOTION for doors and pull-outs, and AVENTOS, the company's latest generation
of lift systems. Everyday kitchen chores should be made to be as enjoyable
as possible, and Blum provides just the right products. The company's
latest developments by the name of SERVO-DRIVE and TIP-ON give customers
the possibility to combine the latest design trends such as handle-free
kitchens with top-quality motion. Design and function go hand in hand.
Extended package of services
The provision of a wide range of services is an important part of Blum's
overall performance. The company's marketing support in the form of 'DYNAMIC
SPACE' has already produced successful results in many markets. It helps
end users plan kitchens to suit their needs. Many customers also make
the most of Blum's logistics services to optimise their inventories. These
services simultaneously give them a high degree of delivery reliability.
New and interesting services have also been offered via the internet.
Material prices continue to soar
In the last financial year, there was a great deal of uncertainty as far
as raw materials were concerned. The uncertainty will continue this year.
During the 2005/2006 business year, the price of zinc alloys almost tripled.
The price of aluminium and high-grade steel is on a continuous upward
trend. And there is no sign of steel prices easing. Further price increases
are in the offing in the coming business year. The high price of oil is
an additional cost factor. It has an impact on both the procurement of
plastics and the cost of shipping.
High investment
Investments were high throughout 2005/2006. The investments of the Blum
Group totalled 108.7 million euros in the last business year.
At Blum's production site in Vorarlberg, the 11th building phase of Works
4 (Bregenz) was put into operation in September 2005. The extension has
increased the company's production capacities for drawer and pull-out
systems. A new builsding with a high bay warehouse for Injection Moulding
was completed on schedule at Works 5 (Fussach). The entire department
will move from Works 4 to its new site during the 2006 vacation shutdown.
May 2006 saw the start of construction work on the new building at Works
6 in Gaissau. The extension is designed to further optimise production
processes and increase production capacities for pull-out systems. In
addition to extensions to buildings, investments were also made in tools,
machinery and production systems to increase capacities and rationalise
processes at all plants.
A production building and automated high bay warehouse were added to our
works in America. They were built for the new TANDEM production plant
in the USA. A fully automated assembly plant for 120-degree hinges was
also put into operation during the last business year.
The long winter slowed down work on the logistics and packaging centre
in Poland. However, it was still completed on schedule in June.
Projects will be carried out to expand sales organisations in various
countries this business year. The extension to the warehouse in Canada
should be completed by this autumn. The new building for Blum Russia is
making good progress, and the new offices and warehouse should be completed
at the end of this year. In addition, a project to add more warehouse
space to Blum Sweden has also been started. Further expansions will be
carried out in Australia and China this financial year.
Organisational development of the company
The first step was taken towards a two-level management structure with
the introduction of an executive board and a corporate management group
in 2004. This has created a sound basis for the further development of
our company. The next step in the organisational development of Blum is
to enlarge the corporate management group.
The new members will take up already existing and newly created fields
of responsibility. Furthermore, the production field has also been streamlined.
Comprehensive measures are continuously being taken in the field of further
education and ongoing training throughout the company. They are now being
internationalised step by step.
Looking ahead to the 2006/2007 business year
The executive board has based its planning on a further positive development
in the 2006/2007 business year because executive board members believe
that most markets will continue to flourish. Elements of uncertainty are,
for example, the development of the euro and raw material prices.
Blum has sales organisations all over the world and hard-working employees
whose commitment has contributed greatly towards the company's success.
That is why Blum believes it is well-equipped for the future.
Emerson
Sales Top $20 Billion in 2006; Earnings Per Share of $4.48
Emerson
(parent company of InSinkErator) announced on November 7th record net
sales for fiscal 2006 of $20.1 billion, an increase of 16 percent from
the prior year. Sales for the fourth quarter ended September 30th, 2006
were $5.5 billion, an increase of 19 percent over the $4.6 billion reported
in the same period last year. The Company achieved underlying sales growth
in the quarter of 11 percent, which excludes increases of 6 percent for
acquisitions and 2 percent for favourable exchange rates.
Highlights:
Quarterly dividend increased 18 percent to $0.525 per share, 2-for-1 stock
split declared
Fourth Quarter Sales up 19 percent to $5.5 billion
Fourth Quarter Earnings per Share of $1.29, up 28 percent
Operating Cash Flow for 2006 of $2.5 billion, up 15 percent
Return on Total Capital of 18.4 percent, up 290 basis points from
fiscal 2005
The sales performance for both the year and the fourth quarter was
exceptional, said Emerson Chairman, Chief Executive Officer and
President David N. Farr. Customer adoption of our technologies has
been strong all year, and our global platforms enabled Emerson to capture
accelerating growth outside the United States during the fourth quarter.
Earnings per share in the fourth quarter of $1.29 represented an increase
of 28 percent over the $1.01 achieved in the fourth quarter of 2005. The
earnings increase was driven primarily by leverage on higher sales volumes
and benefits from prior cost reduction activities. Results in the fourth
quarter of 2006 included a pretax gain of $31 million, or $0.05 per share,
related to the sale during the quarter of the Buehler materials testing
business. This business had been part of the Industrial Automation segment.
For fiscal 2006 earnings per share rose 32 percent to $4.48 from the $3.40
reported in 2005. In 2005, the Company recognised a tax expense of $63
million, or $0.15 per share, related to repatriation of foreign earnings
under the American Jobs Creation Act. Excluding this expense, 2006 earnings
per share increased 26 percent over 2005.
Emerson had a great year in 2006 and achieved some significant milestones,
Farr said. Our long-term focus on growth platforms has paid off
as revenue exceeded the $20 billion mark for the first time. This year
also marked the 50th consecutive year of dividend increases for the Company.
We are proud of these accomplishments and the value creation they have
generated for our shareholders over many years.
Balance Sheet / Cash Flow
Operating cash flow was $2.5 billion in 2006, a 15 percent increase from
2005. Of this record operating cash flow, 63 percent was returned to shareholders
during the year in the form of dividends and share repurchases. Managing
increasing working capital needs as our business expands is an important
element of cash management. Emerson saw continued improvement in working
capital efficiency as the average days-in-the-cash-cycle improved from
71 days in fiscal 2005 to 65 days in fiscal 2006. Return on total capital,
a key measure of earnings and balance sheet performance, increased by
290 basis points to 18.4 percent in 2006.
Emerson maintains a sharp focus on having a strong and flexible
balance sheet. Generating significant amounts of cash and putting that
cash to the proper use is at the heart of how we create value for our
shareholders, Farr said.
Fiscal 2006 Operating Highlights
Process Management's strong performance continued in 2006 as sales increased
16 percent to $4.9 billion. Underlying sales growth was 13 percent, led
by 15 percent growth in the United States and Asia and 20 percent growth
in Latin America. Reported sales included a 3 percent positive impact
from acquisitions. Emerson Process Management continued to be recognised
as the industry technology leader in 2006 as it was again named the best
supplier of process management technologies in the CONTROL magazine's
Readers' Choice Awards and was recognised by Frost & Sullivan as the
Industrial Automation and Process Control Company of the Year. Margins
for this business expanded by 200 basis points to 18.0 percent, driven
primarily by leverage on sales volume increases.
Industrial Automation experienced another strong year as global capital
spending remained favorable for these businesses. Total sales were $3.8
billion, an increase of 16 percent versus the prior year. Underlying sales
growth was 11 percent, with balanced growth from the United States (12
percent), Europe (10 percent) and Asia (13 percent). Reported sales growth
included a positive acquisition impact of 6 percent and an unfavourable
currency impact of 1 percent. The margin for this segment was 15.1 percent,
an increase of 80 basis points from 2005. The margin improvement reflects
primarily leverage on higher sales and benefits from prior cost reduction
activities.
Network Power sales were $4.4 billion in 2006, an increase of 31 percent
versus the prior year. Underlying sales growth was 21 percent with the
strongest growth coming from Asia (37 percent) and the United States (22
percent). Reported sales growth included a positive acquisition impact
of 10 percent. End markets were strong across this segment with particular
strength in the computing and data-center markets, which led to strong
growth in the AC power system and precision cooling businesses. The margin
for this segment was 11.1 percent, a 10 basis point decline versus the
prior year. The margin decrease was primarily the result of dilution from
acquisitions.
Climate Technologies sales for the year increased 13 percent to $3.4 billion.
Underlying sales growth was 13 percent with the strongest growth coming
from the United States (14 percent) and Europe (20 percent). The Copeland
Scroll(tm) compressor was a main driver of growth for this segment as
it continued to provide energy efficiency benefits to customers in heating,
ventilation and air-conditioning applications around the world. The 2006
margin for this segment was 15.3 percent, a 40 basis point improvement
from 2005. Sales volume leverage and cost reduction activity were able
to offset the unfavourable impact of commodity and other inflation.
Appliance and Tools achieved sales of $4.3 billion, an increase of 8 percent
which included underlying sales growth of 6 percent. The growth was led
by strength in the tools and storage businesses and modest growth from
the motors and appliance component businesses. Reported sales included
a favourable impact of 2 percent from acquisitions. The margin for this
segment was 12.8 percent, a decrease of 50 basis points as significant
material costs and other inflation could not be offset by price increases
and cost reductions.
HOMAG
Group AG on Course for Further Growth
The
successful performance of the HOMAG Group in 2006 has continued into the
third quarter of the year. This positive performance has also been reflected
in the business figures of the manufacturer of machinery and equipment
for the woodworking industry in the first nine months of 2006, with the
order intake expanding by 26% to EUR 499 million between January and September
(previous year: EUR 395 million) and orders on hand increasing by 29%
to EUR 214 million (previous year: EUR 166 million). Corporate turnover
rose by 19% to EUR 521 million (previous year: EUR 436 million). With
this positive growth, lying well above both the market and industry average,
the HOMAG Group was able to further expand its market share in the first
nine months of 2006. All figures should be regarded in the light of the
retroactive deconsolidation of IMA Klessmann GmbH of 1st January 2005
- the previous year's figures have been adjusted accordingly.
After the profit situation in the last few years failed to meet the expectations
of the Board of Directors, Board spokesman Dr Joachim Brenk appears satisfied
with the company's current performance: Various optimisation measures
have allowed us to lower our cost of capital and overheads, and our nine-month
figures are on target. However, we can still see even more potential,
and intend to improve the situation even further in future. Overall,
Brenk envisages an increase in turnover of a good 10% in 2006. After
the boom at the beginning of the year, our order intake has now normalised
and lies within our ambitious targets, Brenk continues. According
to the Board spokesman, the current order backlog is sufficient to take
the company into 2007 and it is thus expecting a good start to the new
business year as well.
At 30th September 2006, the HOMAG Group had a staff of 4,635, as compared
to 4,472 after the first nine months of 2005. The third quarter alone
saw the creation of over 100 new positions - predominantly at the domestic
sites. The new build completed at the end of September at our headquarters
in Schopfloch, which provides 8,000 square metres of additional production
space, is a testament to our commitment to doing business in Germany,
says Board spokesman Joachim Brenk.
The individual regions around the world have experienced a continuation
in the trends seen in the first half of 2006. Thus, the North American
markets continued to develop surprisingly well according to company data.
The HOMAG Group is also very satisfied with performance in the CIS states
and Eastern Europe, while the Asian market cooled, leading to weaker demand
in that region. Brenk characterises the market development in Germany,
Austria and Switzerland as very tidy; however, the remaining
western European markets are stagnating at a high level.
As already announced, in the weeks to come there will be some changes
in the shareholder structure of the HOMAG Group: the publicly traded Deutsche
Beteiligungs AG - which has had a share in HOMAG ever since 1997 - and
private equity funds administered by it have concluded agreements with
other shareholders for the purchase of a further 43.0% of HOMAG's shares.
The purchase agreements are still conditional upon, among other things,
approval from the cartel authorities. After completion of the transaction,
Deutsche Beteiligungs AG will control 64.4% of the company's shares. The
remaining 35.6% will be retained by the existing family shareholders.
This reorganisation of the company's shareholder structure will create
the conditions needed in order for the long-standing successful development
of the HOMAG Group to continue
Homag UK
Tel: 01332 856500
Email: info@homag-uk.co.uk
Whirlpool
Extends Sponsorship of Sony Ericsson WTA Tour
Whirlpool
Europe and the Sony Ericsson WTA Tour announced recently the extension
of their sponsorship agreement for an additional three years, through
2009. The extension marks an incredibly successful and innovative partnership
that was launched in April 2004, and that has been highlighted by increased
brand awareness, consumer engagement and community outreach for Whirlpool.
The deal also signals the increasingly global popularity of women's professional
tennis, the world's leading sport for women.
Whirlpool
will continue its relationship with the Sony Ericsson WTA Tour to help
leverage its integrated marketing campaign to raise awareness of the Whirlpool
6th sense technology and engage with consumers across Europe. The Tour,
which comprises the world's leading women's tennis players will continue
to provide the perfect brand match for Whirlpool. The core characteristics
of Whirlpool 6th sense technology - intelligence, precision and performance
- closely replicate the skills required to compete and succeed at the
top of women's tennis, providing an ideal platform to showcase Whirlpool
products.
We are extremely excited to be continuing our partnership with the
Sony Ericsson WTA Tour, said Giuseppe Perucchetti, Vice President,
Brand Marketing, Whirlpool Europe. The Tour offers us an ideal opportunity
to connect with our consumers and showcase our technology across Europe.
We are also delighted by the amount of money raised for Habitat for Humanity
from the Aces for Homes initiative and would like to thank the players
on the Tour for scoring so many aces!
Whirlpool has done a great job leveraging the power, glamour and
appeal of our players and matching it with their core brand strengths
said Larry Scott, CEO of the Sony Ericsson WTA Tour. We are thrilled
that our partnership with such an innovative world-class brand such as
Whirlpool will be continuing into the future.
This sponsorship has been incredibly successful because of the integration
of television, new media and community outreach to engage consumers. Our
players and tournaments have truly engaged with Whirlpool and we look
forward to building on the success to date over the next three years.
Whirlpool has become a great partner of women's tennis and I'm really
excited that this partnership has been extended, said Elena Dementieva.
It's a great brand and players really support the community outreach
and charitable initiatives, which have made this sponsorship unique in
many ways.
Whirlpool's sponsorship of the Tour has been marked by a series of innovative
elements. Activities include broadcast sponsorship of women's tennis on
Eurosport and significant on-court signage presence at tournaments throughout
Europe, including the Sony Ericsson Championships, highlighted by a new
and consistent look for the player bench and umpire's chair area. Further
activities include print advertisements utilising Tour stars to promote
Whirlpool's 6th sense technology, sponsorship of the Tour's TV News Service
in Europe, the Aces for Homes charity programme in partnership
with Habitat for Humanity, Whirlpool Fantasy Tennis, which enables fans
to select teams of real players and chart their progress throughout the
season and finally, the 6th Sense Player of the Year award. Whirlpool
will continue to benefit from and build upon these elements under the
new deal.
In addition to the renewal, Whirlpool and the Tour announced that €163,000
has been raised through the joint initiative 'Aces for Homes', which aimed
to raise money for Habitat for Humanity, the official social cause of
Whirlpool and the Sony Ericsson WTA Tour in Europe. In June 2005, €10
was pledged for every ace scored on the Tour. Since then, a staggering
total of 16,300 aces have helped raise the funds, which will go towards
rebuilding 45 homes in the community of Nochikuppam, a village in Chennai
region, South East India that was decimated by the tsunami.
Don Haszczyn, Area Vice President, Europe and Central Asia, Habitat for
Humanity said The exemplary support and advocacy of Whirlpool and
the Sony Ericsson WTA Tour over the initial three years has helped many
families out of slum housing and into simple, decent homes. Their continued
partnership will give hope to many more families in need and a big boost
to getting the issue of inadequate shelter onto the public agenda across
Europe and beyond. A huge thanks to Whirlpool and the Tour from all at
Habitat for Humanity and from those families whose lives they have touched.
In addition to Aces for Homes activity, Whirlpool will continue to have
access to some of the top seeded women players to carry out projects and
raise the profile of Habitat for Humanity. Top players Amelie Mauresmo,
Nadia Petrova and Mary Pierce have all served as official ambassadors
for the programme and participated in various activities to support Habitat
for Humanity. Initiatives involving Tour players in Habitat for Humanity
builds across Europe and the Whirlpool 'Love Food' cookbook, a unique
collection of favorite recipes from the players, endeavor to raise awareness
and further funds for the charity.
Whirlpool will also utilise its sponsorship to provide unique opportunities
for consumers to watch live action tennis and personally meet some of
the world's leading players.
The partnership extension with Whirlpool represents the continuation of
another premium brand among the Sony Ericsson WTA Tour's growing list
of market leading partners, which includes Sony Ericsson, Dubai Duty Free,
Porsche, Travelex, Wilson, Bed Bath & Beyond, Gatorade, USANA, Luxilon,
Waterford and Saddlebrook Resort, among other Tour partners.
Whirlpool Europe
With 14,000 employees, a sales presence in over 30 European countries
and manufacturing sites in seven countries, Whirlpool Europe is a wholly
owned subsidiary of Whirlpool Corporation. A world's leading manufacturer
and marketer of major home appliances Whirlpool Corporation has annual
sales of more than $19 billion, more than 80,000 employees, and more than
60 manufacturing and technology research centers 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.
Whirlpool's European Operations' Centre is located in Comerio (VA), Italy.
For further information on the company, please visit the Web Site http://www.whirlpool.eu.com
About the Sony Ericsson WTA Tour
The Sony Ericsson WTA Tour is the world's largest premier professional
sport for women with more than 1,300 players representing 75 nations competing
for $60 million in prize money at the Tour's 63 events in 35 countries.
More than 4.5 million people attended women's tennis events in 2005 with
millions more watching events on television networks around the world.
The Sony Ericsson WTA Tour season concluded with the Sony Ericsson Championships
at Madrid Arena in Madrid, Spain, November 7-12, 2006. Further information
on the Tour can be found on the Internet at http://www.sonyericssonwtatour.com.
About Whirlpool/Habitat for Humanity Relationship
Whirlpool is the largest global partner of Habitat for Humanity International,
an International housing charity. The company has supported the charity
since 1999 and recently introduced this partnership to the Sony Ericsson
WTA Tour. Habitat for Humanity International is seeking to eliminate poverty
housing from the world by inviting people of all backgrounds, races and
religions to build houses together in partnership with families in need.
Whirlpool has supported the charity in many different ways over a number
of years, both through conventional and unconventional means. Support
has ranged from product donations through to Whirlpool employees actively
helping in building projects.
Through product donations, Whirlpool Europe donates 3 products to every
Habitat Home built in Europe and Central Asia. Worldwide, Whirlpool Corporation
has donated more than 50,000 appliances at discount to Habitat for Humanity
affiliates and families.
Almost 3,500 Whirlpool employees have helped to build Habitat Homes in
Whirlpool locations and further Habitat houses in North America, Europe
and South Africa. The partnership in now active in 18 countries worldwide
and Whirlpool has more recently been involved in rebuilding communities
throughout SE Asia who have been effected by the Tsunami. The charity
is close to the hearts of all Whirlpool employees and goes far beyond
financial donations.
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