APPLIANCES Manufacturers are in a whirlpool of rising material costs

Aug 01, 2007 | 10:04 AM |

While demand for appliances has been slow and business has been impacted by high-priced material, the chief executive of the world's largest consumer appliance maker said an improvement is coming.

Jeff Fettig, chairman and chief executive officer of Whirlpool Corp., Benton Harbor, Mich., said the cost of the material his company uses to make consumer goods like washing machines and refrigerators is expected to increase between $450 million and $500 million from last year. And that number could rise even more, he said during a presentation in June at the J.P. Morgan Basics and Industrials conference in New York.....

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