Electrolux Invest $500M in US Mfg; Consolidates Production

The Electrolux Group said today it is planning total investments of approximately USD 500 millionin its U.S. manufacturing operations, stepping up a strategic initiative to drive profitable growth in North America with new lines of innovative Frigidaire kitchen products. The company also said it will consolidate freezer production into its Anderson, South Carolina refrigeration facility. Today’s announcement entails modernizing and…

Consolidation Rules Home Appliances Market

El Segundo, Calif. — Home appliance manufacturers are looking to increase their market share through acquisitions, new territories and new market segments to take advantage of strong growth in the market, according to a new report from IHS Technology (NYSE: IHS). Worldwide shipments of home appliances are forecast to reach 611 million units by the end of 2014,…