Whirlpool prepares shake-up for Polar and possible purchase of Wrozamet
Today, Whirlpool will present the company's strategy concerning Polar, a
household equipment producer from Wroclaw. Polar, which was recently taken
over by the American concern, is on the verge of bankruptcy, although at the
beginning of the 1990s Polar controlled 90% of the household goods market.
Whirlpool will probably cease producing Polar's washing machines, as the
sales of these continue to fall. The production of refrigerators is likely
to continue due to their popularity. Polar's fridges constitute 19% of the
market, followed by Amica with 17%. Whirlpool occupies the third position
with less than 13%. American capital may improve the position of Polar,
although Whirlpool plans to sell the company's real estate in the center of
Wroclaw and to move production outside the city altogether. To strengthen
its market position, Whirlpool may decide to take over another Wroclaw-based
company, Wrozamet, which manufacturers cookers and ovens under the
Mastercook brand name. (Puls Biznesu, p. 11) K.Z.