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Whirlpool Corporation is an American multinational manufacturer and marketer of home appliances headquartered in Benton Charter Township, Michigan, United States. [2] In 2023, the Fortune 500 company had an annual revenue of approximately $19 billion in sales, around 59,000 employees, and more than 55 manufacturing and technology research centers globally.
In 1998, Galanz became the world's largest microwave oven manufacturer with 40% global market share. In 1999, Galanz's production and sales exceeded 6 million units. In 2000, Galanz entered the air conditioning and refrigeration industry. In 2001, Galanz's global production and sales soared to 12 million units.
The Gulf of Corryvreckan whirlpool in Scotland is the third-largest whirlpool in the world. A whirlpool is a body of rotating water produced by opposing currents or a current running into an obstacle. [1] [clarification needed] Small whirlpools form when a bath or a sink is draining.
The deal included Whirlpool's sales operations in Kazakhstan and selected countries in the Commonwealth of Independent States. [10] In January 2023, Arcelik and Whirpool agreed to combine their European business with Arcelik owning a 75% share. The new entity will own rights to the Hotpoint brand in Europe. [11]
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Arçelik acquired Whirlpool’s Turkish manufacturing plants for €78.3M. These plants have an annual production capacity of 1.3 million freezers and 1.4 million washing machines. [22] Arçelik acquired Whirlpool’s operations in Russia and several other Commonwealth of Independent States (CIS) countries on the wake of Russian invasion of ...
The appliance maker Whirlpool’s experience is cautionary. One of Trump’s first trade actions was to impose steep tariffs on imported large residential washing machines.
Mr. Trump has claimed that foreign countries pay the duties. As part of his campaign, he vowed that tariffs would help raise "trillions and trillions of dollars" from foreign governments.