Indesit Company

From Wikipedia, the free encyclopedia
  (Redirected from Indesit)
Jump to: navigation, search
Indesit Company S.p.A.
Type Public
Founded 1975
Headquarters Fabriano, Italy
Key people Vittorio Merloni, Founder
Marco Milani, President and CEO
Products Home appliances
Revenue Increase€2.9 billion (2012)
Employees 16,000 (2012)
Website www.indesitcompany.com
Indesit Headquarters in Fabriano, Province of Ancona

Indesit Company (/ˈɪndɪsɪt/;[1] Italian pronunciation: [ˈindezit]) is an American-owned multinational company based in Fabriano, Ancona province, Italy.

History[edit]

Founded in 1975 as Merloni Elettrodomestici SpA by Vittorio Merloni, as a spin-off from Industrie Merloni. It was renamed Indesit Company S.p.A in 2005 after a company it acquired in 1987.[2][3][4]

In the 1980s, with the release of other Italian companies to foreign groups of appliances, Merloni Household became the first domestic producer in the industry. Since 1981 the company was going through a crisis period, which ended in 1984, when Vittorio Merloni, having concluded his presidency of Confindustria, returned to managing Indesit. Profits and revenues of the company grew, and this led the Merloni family to decide in 1986 in favor of the company's entry into the stock market.

In 1987, Merloni Elettrodomestici, already listed on the stock exchange, acquired Indesit, its great rival on the Italian market but also having a certain international presence, and the 33% of Philco Italy.

In 1988, Merloni, under the Ariston and Indesit brands, had a turnover of 1.059 billion dollars, becoming the fourth European manufacturer of home appliances. The following year, acquired and absorbed the French company Scholtès.

In 1990, Merloni capital entered Marcegaglia, its supplier of steel tubes, which detected 7% of the shares. In the same year the Company had approximately 6,000 employees in various establishments including France, Portugal and Russia.

In 1994, Merloni had a turnover of 1,920 billion lire with a market share of 10% in Europe. The following year took over one third of the capital of Star S.p.A. (Società Trevigiana Apparecchi Riscaldamento), an Italian company of Conegliano Veneto producer of kitchen hoods, which will be fully acquired in 2002 and merged with the Company in 2003.

In 1999, through Fineldo, the holding of Merloni family, acquired Panini, the stickers manufacturer.

In 2000, took over the entire capital of Philco and acquired Stinol, the first Russian producer of household appliances.

The Company of Fabriano in 2002 entered the consumer electronics industry with the purchase of Sinudyne.

In February 2005, Merloni Elettrodomestici was renamed Indesit Company: Indesit is the best known of the Group’s brands outside Italy.

At the beginning of 2007, Indesit Company launched the Group’s new brand architecture: Hotpoint brand is combined with Ariston to form the Hotpoint-Ariston brand.

On 31 July 2009 the Indesit closed its plant at Kinmel Park, Bodelwyddan Denbighshire, Wales, UK. The factory employed 305 workers. The company blamed "continuing decline" in the market.[5]

Andrea Merloni from 2010 succeeded his father Vittorio to lead the Company as the new Chairman.

On 9 June 2010, the Company announced an investment of 120 million over the 3-year period 2010-2012 to consolidate its presence in Italy and simultaneously the closure of the two plants Brembate (Bergamo) and Refrontolo (Treviso).

In May 2011, the company signed sponsorship deals with Arsenal Football Club, of London.

In October 2012, Indesit signed a supply agreement with Waterlogic for advanced water purification devices.[6] The agreement is valid until 2015.

In 2012 Indesit Company announced its entry into the Small Domestic Appliances market.

In 2013, with reference to the year 2012, the maximum A+ application level was reached in the Sustainability Report.

In May 2013 Marco Milani was appointed Chairman of the group, maintaining simultaneously the role of CEO.

In July 2014, Whirlpool Corporation has agreed to pay 758 million euros ($1 billion) to buy a 60 percent stake in smaller Italian rival Indesit to further expand beyond its U.S. home market.[7]

The figures[edit]

Indesit posted sales of €2.9 billion in 2012. Indesit Company has eight production sites, of which three are in Italy (Fabriano, Comunanza and Caserta), and five are abroad (two in Poland, one in the UK, one in Russia and one in Turkey) counting 16 thousand employees.

Brands[edit]

  • Indesit
  • Hotpoint-Ariston
  • Scholtès
  • Stinol
  • Elco
  • Termogamma

See also[edit]

References[edit]

External links[edit]