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In June 2017, a Hotpoint FF175BP fridge freezer was found to have triggered the Grenfell Tower fire in London that killed 72 people. [14] [15] A total of 64,000 units of the same model were manufactured between 2006 and 2009 by Indesit under the Hotpoint brand before moving over to Whirlpool. [16]
In 2014, Whirlpool Corporation agreed to pay 758 million euros to buy a 60% stake in Indesit and its owner Hotpoint, which was a market leader in Italy, the United Kingdom and Russia, from the Merloni family to further expand outside its U.S. home market. [9] Following the buyout, Indesit was delisted from Borsa Italiana on 3 December of that year.
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 2020, the company launched website and app in Ethiopia. In June 2021, Jiji has acquired an automotive company Cars45 in Nigeria, Kenya, and Ghana. [13] [14] In February 2022, Jiji acquired its competitor Tonaton in Ghana [citation needed] and launched websites in Senegal and Côte d'Ivoire.
Commercial refrigerator and freezer units were in use for almost 40 years prior to the common home models. The freezer-over-refrigerator style had been the basic style since the 1940s, until modern, side-by-side refrigerators broke the trend. A vapor compression cycle is used in most household refrigerators, refrigerator–freezers and freezers.
The Ethiopia Commodity Exchange (ECX) is a commodities exchange established April 2008 in Ethiopia. In Proclamation 2007-550, which created the ECX, its stated objective was "to ensure the development of an efficient modern trading system" that would "protect the rights and benefits of sellers, buyers, intermediaries, and the general public."
Its products include white goods (such as refrigerators, freezers, washing machines, dishwashers) and small home appliances (such as vacuum cleaners, coffee makers and blenders). Arçelik A.Ş. is active in more than 100 countries, including China and the United States through its 13 international subsidiaries and over 4,500 branches in Turkey .
Gross domestic product (GDP) is the market value of all final goods and services from a nation in a given year. Countries in Africa are sorted according to data from the International Monetary Fund. [1]
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