Whirlpool Corporation - Wikipedia PDF
Whirlpool Corporation - Wikipedia PDF
Whirlpool Corporation - Wikipedia PDF
Corporation
Type Public
Traded as NYSE: WHR
S&P 500 Component
Website www.whirlpoolcorp.com
Showroom in Hong Kong
History
Before they founded the Upton Machine
Company on November 11, 1911, Louis
Upton (Lou) worked as an insurance
salesman and his uncle, Emory Upton,
owned a machine shop. Following a failed
business venture, Lou acquired a patent to
a manual clothes washer and he
approached Emory to see if he could add
an electric motor to the design. With the
aid of a $5,000 investment from retailing
executive Lowell Bassford, they began to
produce electric motor-driven wringer
washers.[7][8] Soon after its founding, Lou's
younger brother Fred joined the company.
Their first customer, the Federal Electric
division of Commonwealth Edison,
ordered 100 machines, but a fault in the
gear transmission led the customer to
threaten their return.[9] After the machines
were recalled and repaired, Federal Electric
doubled the order.[10] They remained a
customer for three years, when they began
to produce their own washers. The loss of
Federal Electric forced Upton to diversify
temporarily until, in 1916, they landed
Sears, Roebuck & Co. as a customer. Sears
began selling two types of Upton wringer
washers under the "Allen" brand,[7] one for
$54.75 and a deluxe model for $95. Sales
grew quickly and in 1921, Sears appointed
Upton as their sole supplier of
washers.[7][11] To avoid becoming over-
reliant on Sears, Upton began marketing a
washer under their own brand name.[7]
Diversity
Whirlpool Corporation has seven
employee-run diversity networks that are
involved with business, employee, and
community projects to address the needs
of the groups they represent. These
diversity networks are The Women's
Network (WWN), the Veteran's Network
(WVA), the Whirlpool African American
Network (WAAN), The Pride Network
(PRIDE), the Whirlpool Asian Network
(WAN), the Whirlpool Hispanic Network
(WHN), and the Young Professionals
Network (YP).[51]
LGBT commitment
Charity work
Whirlpool Corporation is a principal
supporter of Habitat for Humanity, a
nonprofit organization dedicated to
building low-cost, affordable housing. The
company's commitment to Habitat for
Humanity has exceeded $34 million and it
has donated more than 73,000 appliances
for Habitat homes. The company plans to
support every Habitat home built globally
by 2011, either through product donations,
cash, or home sponsorship.[55]
Major brands
Acros
Admiral
Amana
Ariston
Bauknecht
Brastemp
Consul
Crosley*
Diqua (China)
Estate
Gladiator GarageWorks
Hotpoint (Europe)
Indesit Company
IKEA*
Inglis
Jenn-Air
KitchenAid
Maytag
Polar
Privileg
Roper
Royalstar (China)
Sanyo (China)[27]
Stinol
Whirlpool
*Whirlpool manufactures certain
appliances under the Kenmore label,
(manufactured for Sears Holdings
Corporation) and Crosley top load
washers. Whirlpool has expanded the
marketing of Inglis appliances which are
sold in the United States at Best Buy
stores. Whirlpool also manufactures
IKEA brand appliances for IKEA, Top
Load laundry for Crosley and Admiral
appliances for Home Depot.
References
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Inc.
General
Wisconsin Historical Archives FAQ
External links
Official website
Business data for Whirlpool
Corporation: Google Finance •
SEC filings
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