) climbed 2% since the company announced its plan to invest $40
million in its Greenville, Ohio Plant, in order to double its
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This expansion, which is awaiting the approval of local and state
assistance, is expected to employ 400 new people by 2018, taking
the total workforce of the facility to 1,400. It was planned
bearing in mind the rising demand for small appliances,
particularly the stand mixer of the company's KitchenAid brand.
The expansion also reflects the company's faith in its Greenville
employees and its solid partnership with the state of Ohio.
Over the past 5 years, the total production of small appliances
has doubled at the Greenville plant, which is one of the 5
Whirlpool Ohio plants, manufacturing blenders, mixers and other
kitchen appliances of the KitchenAid brand and producing nearly
16,000 units a day.
With the changing consumer preferences towards premium products
and the company's latest additions to its KitchenAid brand, in
different regions, Whirlpool is confident about its growth across
Apart from this, Whirlpool is making other moves to augment
growth. The company recently initiated the use of a more
environment friendly and energy efficient technology in U.S.
manufactured refrigerators and freezers, thereby taking a step
towards fulfilling its corporate social responsibility.
This largest global home-appliances manufacturer partnered with
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 2014.
Over the last 102 years, Whirlpool has emerged as 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, and
General Electric Co.
). Moreover, the company is placed among major home appliance
makers in India and Europe.
Currently, Whirlpool has a Zacks Rank #3 (Hold).