Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Qatar - Whirlpool ties up with Tadmur for home appliance distribution  Join our daily free Newsletter

MENAFN - The Peninsula - 30/01/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - The Peninsula) Whirlpool, a global player in the home appliance industry, aims to achieve leadership position in Qatar's home appliance market in five years. The US headquartered company, on Tuesday, announced partnership with Tadmur Trading for distribution of its home appliance in Qatar.



Whirlpool, which is currently present in 170 countries, has charted a strategy to gradually expand its presence in Qatar by increasing its market share to 35 percent in five years.



"In one year we expect to achieve 10 percent market share in home appliance category," said Lorenzo Milani, general manager MEA (Middle East- Africa) region, Whirlpool.



"We expect to become either a number one or a number two player in next five years," he said



Qatar's home appliance is estimated to be around 220m and a company needs to acquire at least 35 percent market share to become market leader



"We are confident that the combination of our extensive infrastructure, unmatched logistics capabilities and the strength of our sales force will enable us to extend the current distribution network of Whirlpool Home Appliances Portfolio," said Raed Halawa, general manager, Tadmur Trading



Whirlpool in association with its exclusive distributer Tadmur Trading on Tuesday launched a full range of its home appliance. Whirlpool products include built in kitchen appliances, washing machines, dryers, refrigerators, freezers, ice makers, dishwashers, cookers, microwaves, air conditioners and water purifiers.



"The partnership equips Whirlpool with broader distribution of its products and services throughout Qatar by leveraging Tadmur Trading's supply chain expertise, extensive infrastructure and unique commitment to meet the ever changing needs of its customers," said Milani.



"The partnership with Tadmur Trading in Qatar will create a new set of opportunities to better serve our consumers, while providing easier access to our innovative home solutions; exploring the limits of technology and taking an innovative approach to bring to the market the most intuitive and intelligent appliances possible," he said


 


The Peninsula




  MENA News Headlines
 Nov 24 2014 - Oman Oil subsidiaries sign USD44.15m deals with SMEsMENAFN
(MENAFN) Oman Oil Company's (OOC) said that its subsidiaries and affiliates have signed 35 contracts with local Small and Medium Enterprises (SMEs), with an estimated worth of USD44.15 million, Times ...

 Nov 24 2014 - Kuwait's exports of crude oil to China hit 27.8 percent growth in OctMENAFN
(MENAFN) Kuwait's crude oil exports to China grew 27.8 percent in October from a year earlier to 986,000 tons, equivalent to around 233,000 barrels per day (bpd), data showed, QNA reported.Kuwait's ...

 Nov 24 2014 - GCC petrochemical revenue hits USD89.4b In 2013MENAFN
(MENAFN) According to the Gulf Petrochemicals & Chemicals Association (GPCA), GCC's petrochemical industry posted USD89.4 billion in revenue in 2013, increasing by USD6 billion compared with 2012's ...

 Nov 24 2014 - Oman considers spending cuts, raising taxMENAFN
(MENAFN) Oman's government is reportedly considering spending cuts and raising taxes, including the tax on liquefied natural gas exports, as the Gulf country attempts to deal with the drop in its ...

 Nov 24 2014 - Qatar's Rolls Royce sales up 37 percent in Q3MENAFN
According to Rolls Royce, Qatar has become the fastest growing market for the car manufacturer in the Middle East, after it has registered an increase by 37 percent in sales during the July-September ...

 Nov 24 2014 - Saudi quarry production to reach 327m in 2014MENAFN
(MENAFN) The GCC construction sector has been steadily growing for the last two decades led by the United Arab Emirates (UAE) and Saudi Arabia, which resulted in Saudi deciding to increase its quarry ...

 Nov 24 2014 - Kuwait- Govt eyes hi-tech approach to resolve traffic problemsArab Times
(MENAFN - Arab Times) KUWAIT CITY Nov 23 (KUNA): Assistant Undersecretary for Traffic Affairs Major General Abdullah Mhanna said Sunday that the Ministry is keen on using the most sophisticated means ...

 Nov 24 2014 - Kuwait- Social Affairs undersecretaries meeting successful and fruitfulArab Times
(MENAFN - Arab Times) KUWAIT CITY Nov 23 (KUNA): A senior Kuwaiti official has lauded the justconcluded meeting of undersecretaries of the GCC ministries of social affairs and labor as 'successful ...

 Nov 24 2014 - UAE- Telangana CM identifies 40 spots for skyscrapersKhaleej Times
(MENAFN - Khaleej Times) World's tallest tower planned around picturesque Hussain Sagar in Hyderabad. Chief Minister K. Chandrasekhar Rao. Hyderabad: The Telengana government is all set to forge ...

 Nov 24 2014 - Grammers daughter is Miss Golden GlobeKhaleej Times
(MENAFN - Khaleej Times) Kelsey Grammers daughter Greer is the new Miss Golden Globe. Hollywood Foreign Press Association President Theo Kingma made the announcement last Thursday night at a party ...

more...


 






Google

Click to Apply

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help