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The company, in a regulatory filing, said the report has caused "embarrassment, apart from concerns including by the shareholders/investors"

Tata-owned home appliance manufacturer, Voltas, plans to manufacture air-conditioner compressors in India with a partner from either Japan or Korea, after a previous proposal with China's Highly International was rejected by the government. The company has lined up investments of over Rs 1,300 crore for manufacturing, including expanding capacity and manufacturing newer home appliances.

A delegation from the Thailand Board of Investment (BOI), led by Ms. Sonklin Ploymee, Deputy Secretary General, visited Beko Thai Co., Ltd. on 9 February 2022. Beko Thai is a subsidiary of Arcelik Group, the top electrical appliances producer of Turkey. Both parties took part in a workshop aimed at jointly developing an Upskill & Reskill Course to improve worker skills in areas such as automation and robotics, IoT, AI, advanced materials, and others. Academics from Burapha University and representatives from the Thai-German Institute, the Manufacturing Automation and Robotics Academy (MAR...

Singer opens washing machine plant Star Business Report Star Business Report Singer Bangladesh has commenced manufacturing washing machines at its Savar plant that has a capacity to produce 420,000 units per year. Singer will produce automatic front and top loading and semi-automatic washing machines at the manufacturing facility that was built under direct supervision of the company's European parent Arcelik. "Being the market leader in the washing machine category, we realised that with the significantly increasing concern among consumers about th...