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As of November 2020, the industry was estimated to be worth ৳ 26700 crore (US$2.2 billion), with a yearly growth rate of 11%. [1] As of 2024, locally manufactured and assembled televisions had a 90% market share, 70% to 75% air conditioners (AC) were manufactured locally and 80% domestic demands of refrigerators were met by local manufacturers.
Whirlpool Corporation is an American multinational manufacturer and marketer of home appliances headquartered in Benton Charter Township, Michigan, United States. [2] In 2023, the Fortune 500 company had an annual revenue of approximately $19 billion in sales, around 59,000 employees, and more than 55 manufacturing and technology research centers globally.
Rockwell International acquired the company in 1973, selling the appliance operations to Magic Chef, which was later sold to Maytag; in turn, Maytag was later acquired by Whirlpool. [5] [6] [7] The Milwaukee Admirals hockey team derives its name from Admiral appliances. In 1971, when the team was sold by its original owner to a group of ...
Domestic refrigerators and freezers for food storage are made in a range of sizes. Among the smallest is a 4-litre (0.14 cu ft) Peltier refrigerator advertised as being able to hold 6 cans of beer. A large domestic refrigerator stands as tall as a person and may be about 1 metre (3.3 ft) wide with a capacity of 600 litres (21 cu ft).
A wraparound mortgage, more commonly known as a "wrap", is a form of secondary financing for the purchase of real property. [1] [2] The seller extends to the buyer a junior mortgage which wraps around and exists in addition to any superior mortgages already secured by the property.
White-Westinghouse is an American home appliance brand used under license by trademark owner Westinghouse Licensing Corporation. [1] It was created in 1975 when White Consolidated Industries bought the Westinghouse Electric Corporation's major appliance business.