In a further step toward fulfilling its corporate social
) has initiated the use of a more environment friendly and energy
efficient technology in U.S. manufactured refrigerators and
This largest global home-appliances manufacturer has recently
Honeywell International Inc.
) to transform the currently used 245fa foam blowing agent
technology at its U.S. manufacturing plants with the latter's
Solstice® Liquid Blowing Agent (LBA). The conversion is expected
to be completed by the end of this year.
The new blowing agent technology has the capability of
reducing global warming potential (GWP) by 99.9% in comparison to
245fa technology. Once the technological conversion is completed,
its impact on the global warming will be equivalent to 400,000
lesser cars on the road.
Honeywell's liquid blowing agent technology does not harm the
ozone layer and has GWP of 1 equivalent to carbon dioxide. These
specific features enable customers to reduce their carbon
footprint without compromising with the product's
In a separate news development, as reported by the
Wall Street Journal
, Whirlpool has decided to shut down its microwave-oven plant in
Norrkoping, Sweden, to minimize costs. The production of
microwave-ovens will now take place in the company's plants in
Cassinetta, Italy, and Cleveland in Tennessee. The Swedish plant
closure will result in 323 job losses, while the Cleveland plant
is expected to employ 30 more people.
Over the last 102 years, Whirlpool has emerged the leading
manufacturer and supplier of major home appliances due to its
sustained focus on launching innovative products and
incorporating technological advancements. It is considered the
largest home appliance manufacturer in the world, ahead of
), LG, Samsung,
General Electric Co.
) and Haier Electronics Group Co. Ltd. Moreover, the company is
placed among the major home appliance makers in India and
However, we remain slightly cautious over the company's
near-term outlook based on sluggish economic recovery and
fluctuating raw material prices. Moreover, limited clientele is
another factor that can limit its growth in the future.
Currently, Whirlpool has a Zacks Rank #4 (Sell).
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