Electric Cooker

Phillips Buys Povos

Analyst Report ) announced its intention to buy Shanghai-based Povos Electric Appliance Company, in order to further expand its household and consumer appliances business in Asia. The deal is expected to be completed by the fourth quarter of 2011. However, the financial terms were not disclosed.

Earlier in 2011, Phillips established its appliances headquarters in Shanghai. It also completed a strategic acquisition of an Indian kitchen appliances company Preethi, underscoring its intention to be a leading player in the global kitchen appliances market.

Povos primarily sells rice cookers, electric pressure cookers and kettles, all of which are commonly used in Chinese kitchens. Based in Shanghai, the firm has about 1,800 employees. According to a report by Global Times, in the first five months of 2011, Povos' domestic sales of home appliances totaled 400 million yuan, which was up 39% from 280 million yuan in the same period of 2010. Also, Povos is the third largest rice cooker producer in China with a 7.5% market share, according to 2011 January-April data from Beijing-based consulting firm China Market Monitor Co.

Therefore, the acquisition of Povos is a very strategic decision by the Dutch company as rice cookers are one of the most commonly used kitchen appliances in Asia. This deal, if not immediately accretive to earnings will definitely be in the near future.

However, traditional markets are not doing so good. In the recently concluded quarter, Phillips reported weak earnings and also issued a profit warning due to weak consumer demand in Europe.

Headquartered in Amsterdam, The Netherlands, Koninklijke Philips Electronics N.V. is one of the world’s largest electronics companies and the biggest in Europe, with sales of €23.2 billion in the full year 2009 and €25.4 billion for 2010. The appliances category comes under the company’s Consumer Lifestyle segment which generates about 35% of its total sales and is also the largest contributor among the other four segments.

It primarily competes with Siemens AG ( SI Zacks Investment Research is one of the most highly regarded firms in the investment industry. The guiding principle behind our work is that there must be a good reason for brokerage firms to spend billions of dollars a year on stock research.

Electric Cooker - News


Phillips Buys Povos

Povos primarily sells rice cookers, electric pressure cookers and kettles, all of which are commonly used in Chinese kitchens. Based in Shanghai, the firm has about 1800 employees. According to a report by Global Times, in the first five months of 2011



Keeping the home fires burning

The restaurant uses wood for its pork shoulders, but added an electric cooker for chicken and turkey. The electric cooker cost $6000, and Debbie Bridges-Webb says her electric bill only increased about $100 a month. At the Skylight, the Jones family



Local design team wins IDEA gold award
Local design team wins IDEA gold award

With its packaging design for the “Tatung Electric Cooker: 50th Anniversary Limited Version,” the Gixia team won the gold award for the IDEA packaging category. With two other major international design awards already under its belt,



Philips induction cooker cooks delicious and nutritious meals faster

The Philips Induction Cooker heats food faster to better seal in the nutrients and moisture by using the entire surface of the cooking utensil to sufficiently transfer heat. So unlike conventional gas or electric cookers, the induction cooker greatly



Pipe Leak Leaves More Than 500 Without Hot Water, Gas

Resident Adelina Lopez said she has learned to improvise and uses an electric turbo broiler and an electric rice cooker to cook food for her family. Lopez also has a small portable electric stove top that she uses to heat up other food and the water




Using Kitchen Appliances – Electric Stove, Kitchen, Small ...

Cooker Cooker is made of electromagnetic induction heating principle of the new stoves, it is different from the gas stove, microwave, stove and other traditional stoves, work without fire, without raising the ambient temperature, do not consume oxygen, do not produce carbon dioxide and other harmful gases, no harmful microwave radiation without gas stoves are often the leak, explosion, burns, and dangerous.

Use and maintenance of: 1. Induction with the use of ferromagnetic material to produce cookware such as pots, enamel pot, stainless steel pot, and required a certain level of the bottom area; 2. When using the appliance can not let the water flow to the heater surface, it could cause a short circuit; 3. Clean cooker surface with a soft damp cloth is best, if the furnace surface stains are difficult to clean, you can just switch off the appliance using a damp cloth to clean it repeatedly.

Nutrition egg device Traditional egg method will lay eggs cooked on the line, without considering the nutritional status of eggs as well as old or young taste, and cook eggs using egg device can be provided for the different stages of the targeted children eat.

Use and maintenance of: 1. Use the egg are placed in places where the basic level, dosage cup Shing Sheung Shui, measuring cup on the figure represents the degree cooked eggs, divided into “old”, “medium,” “tender” three types, according to taste cooking water; 2. Add the water and put egg rack, in order to prevent the eggs burst, apply egg needle poke in the egg part of a round hole, poke holes into the egg part of facing up to egg rack, covered with a transparent cover; 3. Do not egg during the open end to prevent steam wounding, and the effect of steam leakages affect egg.

Soymilk Soymilk is the practicality of the modern kitchen, small appliances, simple and fast, can automatically within minutes of soaking beans, preheating, grinding, filtering, cooking, boiling delay, automatic alarm process, made easy cooked fresh milk, is a good helper of family life.

Use and maintenance of: 1. Cup water or low water level in vivo, the machine is self-protection or alarm condition, the electrical and heating pipes do not work, not the failure of water placed near the water line to be better; 2. Very few areas of drinking water can cause brain tofu, soy milk condensed into a similar situation, mainly due to the water contained in the ion too much, you can use cold water solution; 3. Washing, only use water, cleaning brush head lower half of adhesion of washed milk, not to head into the water or bubble washing machine with water half of the head, upper head and into the water outlet part is strictly prohibited.


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