Search Results for "Home appliance"

Samsung to debut eco-friendly customized home appliances at KBIS 2023 in the US

Samsung will introduce a new range of eco-friendly, customized home appliances that will focus on sustainability at the KBIS 2023 (The Kitchen & Bath Industry Show 2023) event held in Las Vegas, USA. The event will start will be held between January 31 and February 2. The KBIS is the largest kitchen and bathroom-related exhibition […]

By Sagar Naresh
1 year ago

After phones, Samsung now cuts production of TVs and home appliances

The global economic downturn has led to a fall in demand for products across most industries. Companies like Samsung are having to adapt. There have already been reports that the company is significantly cutting smartphone production. It's now facing similar pressures in other parts of the business. According to a new report, Samsung is also […]

By Adnan Farooqui
2 years ago

Here’s what Samsung is calling its newly-merged mobile and home appliance division

Samsung recently announced that it has merged its IT & Mobile Communications and Consumer Electronics divisions into a single business unit. Now, the company has revealed that its newly-merged business arm is called Samsung DX (Device eXperience), which is a commitment to creating new and meaningful experiences for consumers. The South Korean firm's new business […]

By Asif Iqbal Shaik
2 years ago

Samsung’s home appliance factory in Vietnam is facing production issues

Samsung Electronics faces production difficulties at its home appliance manufacturing facility in Ho Chi Minh City, Vietnam. Samsung is one of the many companies that operate manufacturing plants in the city, and it's not alone in its decision to suspend operations due to the recent wave of new COVID-19 cases recorded in Vietnam. Samsung's operating rate […]

By Mihai Matei
3 years ago

COVID-19 infected worker reported at Samsung’s home appliance factory in Poland

Samsung revealed earlier today that one of the workers at its home appliances factory in Poland was found to be infected with COVID-19. However, the South Korean consumer electronics giant said that the production at its facility hasn't been affected due to the detection of the infected worker. The worker at Samsung's factory in Wronki, […]

By Asif Iqbal Shaik
4 years ago

Samsung starts commercial production at its first US home appliance plant

Samsung was thinking about setting up a new home appliance manufacturing plant in the United States last year. The move appeared to be in response to growing protectionism in the country following the ascension of President Donald Trump to the highest office. Samsung confirmed in June 2017 that it would invest $380 million in the […]

By Adnan Farooqui
6 years ago

Samsung retains top spot in US home appliance market

Samsung has been the undisputed king of the US home appliance market for some time now and it's a similar story in the first quarter of 2017. Market research firm TraQline found that Samsung had clinched the top spot from Whirlpool the US home appliance market. TraQline is out with a new report today which […]

By Adnan Farooqui
7 years ago

Samsung may set up a plant to manufacture home appliances in the US

According to a report from Reuters, Samsung Electronics may build a new plant in the US to manufacture home appliances. The new U.S. President Donald Trump and his administration have threatened to impose an additional import tax on products manufactured abroad for US consumers, creating panic among many brands. Samsung's plan might be a response […]

By Asif Iqbal Shaik
7 years ago

Samsung claims the top spot in the American home appliances market for 2016, unveils new devices

Samsung has announced a range of new home appliances at the 2017 International Air Conditioning, Heating, Refrigerating Exposition in Las Vegas. The majority of the devices on display fit into the firm's Max Heat Series, which is essentially a multi-part heating system designed specifically for cold regions, with the main exception being its unveiling of the […]

By Josh L.
7 years ago

Samsung to make homes in Britain more energy efficient with SmartThings Energy

Samsung has announced in an official blog that it is teaming up with British Gas to help customers make their homes more energy-efficient across Britain. Samsung will integrate its SmartThings Energy with British Gas' PeakSave incentive program. This will provide British customers with easier control over their energy usage in their daily lives. Chanwoo Park, […]

By Sagar Naresh
3 months ago

Samsung’s profits jump in Q1 2021, thanks to strong smartphone, TV, and appliance sales

Samsung has announced its earnings for Q1 2021, reporting a jump in revenue and operating profit. The company's business boomed during the ongoing COVID-19 pandemic, thanks to strong demand for home appliances, smartphones, and TVs. However, the company also warned that its business could see a negative impact due to chip shortage. The company's revenue […]

By Asif Iqbal Shaik
3 years ago

Samsung confirms $380 million appliance plant in South Carolina

It was first reported earlier this year that Samsung was considering setting up a plant in the United States to manufacture appliances. It was the company's expected response to growing protectionism in the country following Donald Trump's election to the office of the president. The president had long claimed on the campaign trail that he […]

By Adnan Farooqui
7 years ago

Samsung’s first US appliance plant might be based in Alabama or South Carolina

It has been reported multiple times over the past couple of weeks that Samsung Electronics is thinking about setting up a new plant in the United States for manufacturing home appliances. As protectionism rises in the United States, it's possible that the company feels it will be better to manufacture appliances inside the country even […]

By Adnan Farooqui
7 years ago

Samsung might establish a factory to manufacture TVs and appliances in the United States

Like many companies, Samsung manufactures its TVs and home appliances at a factory in Mexico and then ships them to the United States under the regional free-trade agreement. Incoming US President Donald Trump has said time and again that he's going to tweak the North American Free Trade Agreement (NAFTA) to charge hefty tax on […]

By Adnan Farooqui
7 years ago

Samsung profit jumps 933% to $4.8 billion in Q1 2024, beating estimates

Samsung has revealed its financial results for the first quarter of this year, a few weeks after revealing revenue estimates. The company revealed that its revenue rose 13% compared to Q1 2023, while its profit skyrocketed nearly 10x (933%) compared to the year earlier. Samsung's profit jumps nearly 10x in Q1 2024, thanks to strong […]

By Asif Iqbal Shaik
3 days ago

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