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Category: Appliance Industry

Appliance Industry / Manufacturing

Whirlpool sells Brazilian compressor manufacturer

BENTON HARBOR—Officials at Whirlpool Corp. (NYSE: WHR) announced the completion of its Embraco business unit to Kyoto, Japan-based Nidec Corp. for $1.08 billion in cash. Embraco is a Brazil-based manufacturer …

Appliance Industry / Earnings

Tax benefits, lower restructuring costs boost Whirlpool profit

BENTON HARBOR—A sharp reduction in restructuring costs and an income tax refund vs. a payment last year boosted net income for Benton Harbor-based appliance giant Whirlpool Corp. (NYSE:WHRL). Net income …

Appliance Industry / Manufacturing

Whirlpool chairman Fettig to retire

BENTON HARBOR — Whirlpool Corp. (NYSE: WHR) board chair Jeff M. Fettig today announced that he will retire from the company on Dec. 13. Whirlpool’s board of directors has elected …

Appliance Industry / Earnings

Whirlpool sales, profits fall

BENTON HARBOR — Whirlpool Corp. (NYSE: WHR), the world’s largest appliance maker, reported net income of $210 mllion or $3.22 a share in the third quarter of 2018, down from …

Appliance Industry / Construction & Design / Manufacturing

Whirlpool launches new website for building industry

BENTON HARBOR – Whirlpool Corp., the world’s largest manufacturer of home appliances, has launched a new website for building industry professionals, www.whirlpoolpro.com. The Benton Harbor-based company said the new website …

Appliance Industry / Earnings

Whirlpool shares fall, rise after earnings miss, worse-than-expected outlook

BENTON HARBOR — Shares of Whirlpool Corp. rebounded 5.4 percent Tuesday after falling 3 percent Monday on an earnings miss. The world’s largest appliance maker posted net income of $94 …

Appliance Industry / Earnings

Tax bite causes Whirlpool loss

BENTON HARBOR — Whirlpool Corp. (NYSE: WHR), the world’s largest appliance maker, reported a loss of $272 million or $3.69 a share in the fourth quarter, compared to net income …

Appliance Industry / International Trade

Whirlpool rallies after U.S. tariff decision

BENTON HARBOR — Stock in Whirlpool Corp. (NYSE: WHR), the world’s largest appliance maker based in Benton Harbor, jumped 2.5 percent Tuesday after a decision by the Trump administration to …

Appliance Industry / Green Technology / LEED Certifications / Manufacturing

Whirlpool Wins Gold, Silver LEED Green Building Certifications

BENTON HARBOR — Whirlpool Corp., the world’s No. 1 appliance maker, has been awarded LEED (Leadership in Energy and Environmental Design) certifications for two of its recent building projects, both …

Appliance Industry / Manufacturing / Trade Laws

Whirlpool Files Dumping Complaint Against LG, Samsung

BENTON HARBOR — Whirlpool Corp., the Benton Harbor-based appliance manufacturer, announced it had filed a “safeguard petition” with the United States International Trade Commission.

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