Samsung's Home Appliances Business Wants To Become Tops In The Industry

LAS VEGAS (Reuters) - South Korea's Samsung Electronics Co said it is on course to achieve its goal of becoming the world's top home appliances maker by 2015, with sales growing an estimated 50 percent by then.

Samsung Electronics, which makes more chips, flat-screens, handsets and TVs than any of its competitors - including the world's best-selling smartphone - is aiming to boost its home appliance segment and narrow the gap with companies including Whirlpool Corp and Electrolux AB.

"I'm confident of Samsung becoming the world's top appliances maker by 2015 with $18 billion sales, as we set up a very well structured framework for key products and moving step by step to the goal, first starting with fridges," Yoon Boo-keun, president of the division, told Reuters in an interview at the Consumer Electronics Show in Las Vegas on Monday.

Analysts estimate Samsung Electronics earned around 13 trillion won ($12 billion) last year from home appliances, part of the firm's consumer electronics arm.

Samsung Electronics would ditch unprofitable product lines and boost research into consumer tastes across different markets, Yoon said.

"It's a business that can ensure steady cash flow with little earnings fluctuation, once you have a proper system in place," Yoon said. "It's not dull at all and has great potential to become Samsung's next earnings driver."

MR TV AIMS FOR GROWTH

Yoon, who was head of Samsung's TV business until 2011, was put in charge of the thin-margin home appliance division a year ago with a mission to match the TV outfit's success.

Known as Mr. TV, he had a pivotal role in ending Japan's more than three decades of leadership in the global TV industry in 2006.

"We see lots of opportunities in the appliances segment but we didn't strongly grow the business - simply, it didn't get proper treatment," Yoon said after unveiling a new four-door Internet-connected fridge at the electronics show.

His remarks come only hours after Samsung Electronics said it likely earned a record quarterly operating profit of $8.3 billion, aided by roaring sales of smartphones.

Samsung's CE division is estimated to have earned around 13 trillion won ($12.22 billion) of revenue in the fourth quarter, or roughly a quarter of its total revenue.

TV sales generally account for around 70 percent of CE performance, and the rest comes from selling appliances such as fridges, ovens and laundry, according to analysts. I love carrying out study for something. For this weblog, I like researching about property appliance and property improvement. I found these articles from many different news site and I want to share them with my blog readers. I hope you uncover these articles as helpful as I did.Samsung does not provide breakdowns.

It's been a low-margin business compared with smartphones, which generate around 25 percent of margin, and the division's operating profit contribution is estimated at around 4 percent.

Yoon also said Samsung, the world's top maker of TVs, was aiming to sell 55 million flat-screen TVs this year, up from 51 million last year, even as the industry is set to remain stagnant due to the weak global economy.

Betting large TVs with over 65-inch screen sizes will lead the growth, Samsung Electronics unveiled three models of ultra high-definition (HD) TVs that boast four times better picture quality than full HD models.

ACQUISITIONS IN MEDICAL SECTOR

Yoon also heads Samsung's corporate design centre and oversees the medical equipment business, which was added to the consumer electronics division this year.

Samsung Electronics acquired a controlling stake in Korean ultrasound equipment firm Medison in 2010 and its affiliate later for around $300 million in total, its biggest ever acquisition in the healthcare industry.

Yoon expected sales from its medical devices would reach $500 million this year, up from $300 million last year, and will grow with the acquisition of companies that make MRI scanners and computed tomography machines.

Samsung Electronics has said it plans to spend 1.2 trillion won in the medical equipment business by 2020 to make it a $10 billion operation by then.

In the long run, Samsung Electronics aims to become a global healthcare leader, taking on GE, Philips, Hitachi, Toshiba and Siemens. ($1 = 1064.0000 Korean won)

(Reporting by Miyoung Kim; Editing by Stephen Coates and Ryan Woo)

Find The Plumber That Does The Job Right

There are a lot of problems that can go wrong with plumbing. Some plumbing problems require only a simple fix; however, while others can become quite a bit more difficult. It doesn't matter how skilled you are, it remains important that you know some plumbing basics so you can deal with issues as they arise.

To prevent pipes from freezing, insulate all exterior pipes and be sure to keep your interior house temperature above freezing, even if the house is vacant. Your pipes can freeze if temperatures around it is below freezing.It could take time to thaw so that you can have running water. However, frozen pipes often burst, which will cause an enormous mess and repair bill.

If you discover a frozen water pipe, be sure to turn on the faucet that is closes to the pipe to give the water an exit as the pipe thaws. This will relive some of the pressure, and can keep them from bursting.

You should have your septic tank every five years! Although having a septic tank pumped costs money, it is nothing compared to what you will have to spend on cleaning up a backup of sewage or repairing or replacing your septic system.

Do not pay anything until they finish the problem is fixed. You might have to give them a deposit, but never pay the total cost until you know the job has been completed correctly. You will feel better paying the plumber did what he promised before he is reimbursed for the entire amount.

Knowing what tools are what and how to use them can help greatly in your plumbing experience. Before attempting any repairs, you should have a plan; otherwise, a mistake could make repairs even more costly.

Never use your hands to try fixing your garbage disposal. Even an un-powered garbage disposal is turned off they can be dangerous.You can look online to get schematics or troubleshooting advice for your garbage disposal.

You can prevent annoying odors and promote smooth operation by setting up a regular cleaning routine with lemon rinds, lemon peels, and even cherry pits.

Ensure your overflow holes are clear. Clear the overflow holes periodically when doing periodic checks for other problems and plumbing issues that need to be repaired.

Installing efficient shower heads could save you tons of money on your energy bill. Most of the hot water in the home is used while showering. When you invest in energy-efficient shower heads, you will save around 100 dollars or more per shower.

Clean your dryer's lint filter. This will ensure that your dryer to work better and may also prevent fires. Be sure to check the trap for tears and rips, which can cause clogs and issues.

As was stated in the beginning of this article, there are many different problems that can go wrong with your plumbing, from something so small to something big. By using the above hints, you'll see that these problems can be solved without stressing you out.

Vince Bradley is a kitchen appliance technician. He is specializing in stove and refrigerator repair. He likes to write and give advise about how to maintain kitchen appliance in good condition and also how to repair a broken home appliance. He is works for a ABCAuthorizedRepair in Studio City, CA. Check out this website for more information.