DeLonghi
Encyclopedia
Small appliance
Small appliance refers to a class of home appliances that are portable or semi-portable or which are used on tabletops, countertops, or other platforms in the United States of America...
manufacturer based in Treviso
Treviso
Treviso is a city and comune in Veneto, northern Italy. It is the capital of the province of Treviso and the municipality has 82,854 inhabitants : some 3,000 live within the Venetian walls or in the historical and monumental center, some 80,000 live in the urban center proper, while the city...
, Italy
Italy
Italy , officially the Italian Republic languages]] under the European Charter for Regional or Minority Languages. In each of these, Italy's official name is as follows:;;;;;;;;), is a unitary parliamentary republic in South-Central Europe. To the north it borders France, Switzerland, Austria and...
.
History and trading
The company was founded by the De'Longhi family in 1902 as a small industrial parts manufacturing workshop. The company incorporated in 1950. Historically a major producer of portable heaters and air conditioners, the company has expanded to include nearly every category of small domestic appliances in the food preparation and cooking, as well as household cleaning and ironing, segments. De'Longhi is especially well known for the Artista Series espresso machines and Pinguino portable air conditioner.De'Longhi is renowned for their design, which they describe as drawing from the rich heritage of Italian design. Their Esclusivo line of kitchen appliances won the prestigious Red Dot design award in 2007. Additionally, Home Furnishing News recognized De'Longhi Design Director Giocomo Borin as one of the 50 most influential designers in the world in 2006.
De'Longhi's 2001 acquisition of the struggling British appliance maker Kenwood Limited
Kenwood Limited
The Kenwood Manufacturing Co. Ltd. was founded by Kenneth Maynard Wood as the Dickson & Wood company in 1936 selling, installing and repairing radios and televisions. The company is famous for the food processor Kenwood Chef which was launched in 1950....
gave De'Longhi access to Kenwood's Chinese factory. As a result, many of De'Longhi's products are now made in China
People's Republic of China
China , officially the People's Republic of China , is the most populous country in the world, with over 1.3 billion citizens. Located in East Asia, the country covers approximately 9.6 million square kilometres...
, while design and engineering remains in Italy.
In all, De'Longhi operates thirteen production facilities and thirty international subsidiaries supporting sales to seventy five countries worldwide. International sales account for nearly 75 percent of the group's total revenues, which topped EUR 1.63 billion in 2010.
Traded in Milan's stock exchange
Borsa Italiana
The Borsa Italiana S.p.A., based in Milan, is Italy's main stock exchange. It was privatised in 1997 and is a part of the London Stock Exchange Group plc since 2007. In 2005, the companies listed on the Borsa were worth US$890 billion...
(BIT: DLG), the company has over 7,000 employees worldwide.