logo
Plus   Neg
Share
Email

Whirlpool Confirms EUR 250 Mln Investment In Italy

Whirlpool (WHR), in an update on the 2019-2021 Industrial Plan, confirmed that it will invest 250 million euros for the 3-year period 2019-2021 in innovation, products and processes and research & development in its industrial sites in Italy. Over 80 million euros have so far been allocated to these sites in 2019.

The company also confirmed the reshoring from Poland of built-in washing machines and washer/dryers in Comunanza - AP. So, the site will benefit from an increase in volumes that will bring the total production to over 800 thousand units.

Whirlpool EMEA plans to proceed with the reconversion of Naples site and to sell the business to a third party capable of guaranteeing industrial continuity and maximum employment levels.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Online-video streaming giant Netflix Inc. (NFLX), Tuesday reported a fourth-quarter profit that trounced Wall Street estimates, as revenues surged 31% driven by strong subscriber growth. Netflix added 8.76 million subscribers globally in the quarter, above its forecast of 7.60 million, to end the... Fast food chain Krystal Company has filed for bankruptcy, according to reports. The Atlanta-based Krystal filed for Chapter 11 on Sunday in the U.S. Bankruptcy Court in Atlanta. In the filing, the company reportedly disclosed assets between $10 million and $50 million, and liabilities between $50 million and $100 million. The chief executive officer of Google's parent company Alphabet called for artificial intelligence or AI to be regulated, noting that there are real concerns about the potential negative consequences of the technology. According to Alphabet CEO Sundar Pichai, there are real concerns about the negative consequences of AI, from deepfakes to nefarious uses of facial recognition.
Follow RTT
>