Locked content Miele to invest €50 mln in new plant near Łódź

Household appliance producer Miele is set to invest over €50 million in a new washing machine manufacturing plant near Łódź, central Poland. The German manufacturer plans to employ 350 people in the first phase of the project. During the 2016-2017 fiscal year, ending on June 30, 2017, the company ge...

Locked content Appliances Market in Poland may rise in value by 6-7% in 2017

The household appliances may increase in volume terms by about 5 percent, and in value terms by 6-7 percent in 2017, Wojciech Konecki, the CEO of CECED Poland predicted on Tuesday. “Dynamic growth in the appliance industry in 2017 should remain at least at the same level as in 2016. If we do n...

Locked content Electrolux to invest and hire in Poland

Swedish household appliance producer, Elektrolux has earmarked some PLN 65 million for investments in Poland, Puls Biznesu daily reported. “Our Polish production plants are increasing their capacity. Last year, they manufactured 4,1 million units, this year we are planning to reach 4,75 millio...

Locked content Max Electro to open 100 stores this year

Max Elektro, offering television, radio and domestic electrical appliances wants to expand its chain to 400 stores by the end of the year, currently it has 300 locations.  The company is aiming to build a group purchasing organization, based on co-ownership by the owners of the stores. “We wan...

Locked content Bosch to abandon Fagor Mastercook?

Receiver of bankrupt Fagor Mastercook has to approve its acquisition by German BSH, the owner of Bosch within one week, otherwise BSH will withdraw the offer, Wyborcza.biz web portal reported. Receiver, Teresa Kalisz does not agree to sell the plant for PLN 90 million, due to “a conspicuously ...

Locked content BSH may buy FagorMastercook

Household appliances production group BSH (Bosch und Siemens Hausgeräte) will acquire bankrupt FagorMastercook, Gazeta Wyborcza reported. The deal value is PLN 90 million. The offer submitted by BSH was approved on Monday by the creditors of FagorMastercook. BSH has vowed to invest PLN 120 million i...

Locked content Amica CEO sells minority stake to fund

Jacek Rutkowski, CEO of home appliances producer Amica Wronki, has sold 400,000 shares in the company to a Polish investment fund, the firm said in a statement on Thursday. The shares stand for 5.1 percent in Amica’s equity and 3.8 percent in voting power. “I am happy to see high interest in Amica f...