Indesit
Encyclopedia
Company
A company is a form of business organization. It is an association or collection of individual real persons and/or other companies, who each provide some form of capital. This group has a common purpose or focus and an aim of gaining profits. This collection, group or association of persons can be...
based in Fabriano
Fabriano
Fabriano is a town and comune of Ancona province in the Italian region of the Marche, at 325 m above sea-level. It lies in the Esino valley 44 km upstream and SW of Jesi; and 15 km ENE of Fossato di Vico and 36 km east of Gubbio...
, Ancona province
Province of Ancona
The Province of Ancona is a province in the Marche region of central Italy. Its capital is the city of Ancona. The province has an area of 1940 km² and a 2006 population of 465,906 in 49 comuni , see Comunes of the Province of Ancona....
, 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...
, a leading appliance manufacturer in Europe.
History
The company was founded in 1975 after the spin-off from Merloni, it is called Merloni Elettrodomestici SpA and led by Vittorio MerloniVittorio Merloni
Vittorio Merloni is an Italian entrepreneur and industrialist. Son of Aristide Merloni He is the Honorary Chairman of Indesit Company whose Chairman is the son Andrea), and Fineldo the family holding company that controls Indesit Company and other Group interests.-Biography:Vittorio Merloni has a...
.
In the 1980s, with the release of other Italian companies to foreign groups of appliances, Merloni Household became the first domestic producer in the industry. Since 1981 the Company was going through a crisis period, which ended in 1984, when Vittorio Merloni
Vittorio Merloni
Vittorio Merloni is an Italian entrepreneur and industrialist. Son of Aristide Merloni He is the Honorary Chairman of Indesit Company whose Chairman is the son Andrea), and Fineldo the family holding company that controls Indesit Company and other Group interests.-Biography:Vittorio Merloni has a...
, having concluded its president of Confindustria, returning to driving. Profits and revenues from the Company grew, and this led the Merloni family in 1986 to decide his entry into the stock market.
In 1987, Merloni Elettrodomestici, already listed on the stock exchange
Stock exchange
A stock exchange is an entity that provides services for stock brokers and traders to trade stocks, bonds, and other securities. Stock exchanges also provide facilities for issue and redemption of securities and other financial instruments, and capital events including the payment of income and...
, acquired Indesit, its great rival on the Italian market but also having a certain international presence, and the 33% of Philco Italy.
In 1988, Merloni, under the Ariston and Indesit brands, had a turnover of 1.059 billion dollars, becoming the fourth European manufacturer of home appliances. The following year, acquired and absorbed the French company Scholtès.
In 1990, Merloni capital entered Marcegaglia, its supplier of steel tubes, which detected 7% of the shares. In the same year the Company had approximately 6,000 employees in various establishments including France, Portugal and Russia.
In 1994, Merloni had a turnover of 1,920 billion lire with a market share of 10% in Europe. The following year took over one third of the capital of Star S.p.A. (Società Trevigiana Apparecchi Riscaldamento), an Italian company of Conegliano Veneto producer of kitchen hoods, which will be fully acquired in 2002 and merged with the Company in 2003.
In 1999, through Fineldo, the holding of Merloni family, acquired Panini, the stickers
manufacturer.
In 2000, took over the entire capital of Philco and acquired Stinol, the first Russian producer of household appliances.
The Company of Fabriano in 2002 entered the consumer electronics industry with the purchase of Sinudyne.
In February 2005, Merloni Elettrodomestici was renamed Indesit Company: Indesit is the best known of the Group’s brands outside Italy.
At the beginning of 2007, Indesit Company launched the Group’s new brand architecture: Hotpoint brand is combined with Ariston to form the Hotpoint-Ariston brand.
Andrea Merloni from 2010 succeeded his father Vittorio to lead the Company as the new Chairman.
On the 9th of June the Company announced an investment of 120 million over the 3-year period 2010-2012 to consolidate its presence in Italy and simultaneously the closure of the two plants Brembate (Bergamo) and Refrontolo (Treviso).
In May 2011, the company signed sponsorship deals with Arsenal Football Club, of London.
The figures
Indesit posted sales of €2.6 billion in 2009.Indesit Company has 16 production facilities, 8 in Italy (Fabriano – Albacina and Melano-, Brembate, Carinaro, Comunanza, None, Refrontolo and Teverola), and 8 abroad (Poland, the UK, Russia, Turkey.)