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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.
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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. More powerful ones formed in seas or oceans may be called maelstroms ( / ˈ m eɪ l s t r ɒ m , - r ə m / MAYL -strom, -strəm ).
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 ...
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A report by the Federal Reserve Bank of Dallas researchers say that economic growth, low taxes and big cities all can keep residents in their home states.