(ELUX) The evaluation of a plant in the US, mentioned earlier today in
the Group’s nine-month report, refers to the refrigerator factory in
Greenville, MI. The plant has weak financial performance and other
production sources are being considered, including a move to Mexico.
The plant has approximately 2,700 employees. A potential closure of the
plant would incur a total cost of approximately SEK 1,200m. Discussions
have been initiated with representatives of the unions.
The Electrolux Group is the world’s largest producer of powered
appliances for kitchen, cleaning and outdoor use, such as refrigerators, washing machines, cookers, vacuum cleaners, chainsaws, lawn mowers, and
garden tractors. Every year, customers in more than 150 countries buy
more than 55 million Electrolux Group products for both consumer and
professional use sold under famous brands such as AEG, Electrolux, Zanussi, Frigidaire, Eureka and Husqvarna. In 2002, Electrolux had sales
of SEK 133.2 billion and 82,000 employees.
For further information, please contact Investor Relations at +46 8 738
60 03. Electrolux Press Hotline is available at +46 8 657 65 07.