Whirlpool confirms EUR250M investement in Italy for 2019-2021
A meeting was held in Rome between representatives of Italian trade unions and the management of Whirlpool EMEA to present updates on the 2019-2021 Italy Industrial Plan, including some important new developments on its implementation. Whirlpool confirmed its commitment to Italy as a strategic industrial and market base for the EMEA Region, as well as the strategic guidelines of the Italy Industrial Plan signed on 25 October 2018 at the Ministry of Economic Development and in particular investments of EUR250M for the 3-year period 2019-2021 in innovation, products and processes and research & development in its industrial sites in Italy. Over EUR80M have so far been allocated to these sites in 2019. The specialization of the plants, together with the production volumes and the employment levels included in the IIP signed in October 2018 have been reconfirmed for the industrial sites of Cassinetta di Biandronno - VA, Melano - AN, and Siena. The reshoring from Poland of built-in washing machines and washer/dryers in Comunanza - AP is confirmed. As a result, the site will benefit from an increase in volumes that will bring the total production to over 800K units. Regarding the Naples plant, Whirlpool EMEA intends to proceed with the reconversion of the site and to sell the business to a third party capable of guaranteeing industrial continuity and maximum employment levels, in order to create the conditions of a sustainable future for Naples. In the coming days, Whirlpool will be working with the unions, national and local institutions to define all the details and timeframes of the conversion project, which will be announced as soon as possible.