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Sony sees profit in the third dimension

Business | Home appliance
2009-11-20

SONY aims to be profitable in gaming and flat-panel TVs by the fiscal year ending March 2011, pushing 3D technology as a way to showcase its strength in entertainment and surface from deep losses, it said yesterday. ...

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Xinfei sale eyed

Business | Home appliance
2009-11-19

HONG Leong Group, owned by Singapore billionaire Kwek Leng Beng, may sell its 90-percent stake in Xinfei, China's No. 3 refrigerator maker by market share, in a deal that could fetch more than US$700 million, a source...

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Appliance maker has plans for 'cool' sale

Business | Home appliance
2009-11-11

HOME appliance giant Sichuan Changhong is looking to sell two air-conditioner units for 400 million yuan (US$58.58 million), the company said yesterday. Analysts said Heifei Meiling Co, a white goods maker Changhong...

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Suning's net up

Business | Home appliance
2009-11-2

CHINESE home appliance giant Suning Appliance Co said over the weekend its net profit rose 15.38 percent year on year in the third quarter of this year thanks to the government's policies to boost domestic demand...

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Electrolux profit rises on price increases

Business | Home appliance
2009-10-27

SWEDISH appliance maker Electrolux AB yesterday reported a 93 percent rise in third-quarter profit as cost cuts and increased prices on its products helped it defy weak market demand. The group, which makes refrigerators...

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Corning sees pickup in demand as profit slides

Business | Home appliance
2009-10-27

CORNING Inc said yesterday that demand is rebounding for its flat-screen television glass but the firm's third-quarter profit fell from a year ago as overall sales slipped. Both Corning's profit per share and...

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Cost cuts help but net still falls

Business | Home appliance
2009-10-24

THE world's biggest home appliance maker continued to cut costs in the third quarter, but Whirlpool Corp's profit tumbled 47 percent as shoppers are still holding off on big-ticket purchases during the recession. ...

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Midea to get shares in stake exchange

Business | Home appliance
2009-10-22

GUANGDONG Midea Holding Co yesterday said it plans to swap a 69.47-percent stake in a washing machine unit in exchange for shares in Wuxi Little Swan. White goods giant Midea's consolidation of Little Swan has...

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LG Display JV to build US$4b plant

Business | Home appliance
2009-10-15

SOUTH Korea's LG Display said yesterday that it would set up a joint venture for a proposed US$4 billion LCD plant on China's mainland, as Asian panel makers rush to increase their presence in the mainland's fast-growing...

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Construction starts on last phase of LCD mega-factory

Business | Home appliance
2009-9-16

TCL Corp, a Chinese electrical manufacturer, announced yesterday it started the construction of the last phase of its biggest liquid crystal display manufacturing base. The finished facility, which will cost 2.6...

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Haier starts marketing arm

Business | Home appliance
2009-9-16

HAIER Electronics Group Co, an arm of China's biggest home appliance maker, said yesterday that it plans to set up a wholly owned subsidiary to carry out marketing and logistics services in the third and fourth tier...

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Samsung takes bigger bite of TV market

Business | Home appliance
2009-9-11

SAMSUNG Electronics Co, South Korea's largest electronics manufacturer, has been expanding its share in China's display and TV market, according to market reports yesterday. According to global market researcher...

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Toshiba's Areva bid banks on power generation for growth

Business | Home appliance
2009-9-5

JAPAN'S Toshiba Corp plans to bid for French nuclear group Areva's power transmission and distribution unit, four sources with direct knowledge of the situation said, in a deal that could top US$5 billion. Toshiba,...

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Bosch seeks 2nd spot with store move

Business | Home appliance
2009-9-4

BOSCH Group's home appliance division said it plans to open 500 outlets across the country as it seeks to become the No. 2 foreign player in the market before 2015. By the end of the year, 150 outlets will be opened...

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Sales decline but profits climb

Business | Home appliance
2009-8-28

TWO white goods companies yesterday reported that although their first-half sales fell due to weaker demand amid the economic recession, their profits jumped on plunging raw material prices and higher margins. "The...