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A new TGD product: Total Look 2019

A new TGD product: Total Look 2019

Travaco’ Siccomario (Pv), 26 September 2018
The latest evolution of the TGD Total Look door will be presented at the next Chillventa trade fair (Nuremberg, October 16 - 18).
The doors have fully transparent mullions and allow the best product visibility from any angle.
This component perfectly complies with the needs of retail shops with long fresh-food corridors, where the customer has an extremely angled overview of the shelving split up by the large number of mullions either of the frames surrounding the doors, or of the doors themselves.
Total Look is designed for all kind of normal temperature multi-deck appliances with extraordinary points of technological strength in addition to its great aesthetics.
- The life cycle guaranteed by rigorous tests operated by an internationally well-known and independent laboratory specializing in research and certification processes
- Low emissivity glass layers, without toning down colours
- The availability of two different self-closing devices, one of which is “Soft Closing”, tuneable speed and closing force, 500,000 operating cycles guaranteed
- Anti-reflective glass available on demand
This is a component of great design and reliability, adding enormous value to all our partner products.

Zyklus: the integration process has been started

Zyklus: the integration process has been started

Jacksonville, 24 September 2018
The process of integrating and revitalizing Zyklus Heat Transfer Inc. (Jacksonville, Cherokee County, Texas), the historic brand acquired by LU-VE last June, has now been successfully started.
Zyklus specializes in manufacturing heat exchangers for commercial refrigeration, refrigerated transport and air conditioning.
It has inherited a long tradition in this sector and is deeply-rooted in its territory, with a client base of prime importance.
The LU-VE Group sales team has already included the typical American coil geometries produced by Zyklus in its catalogue and has started to promote them through all of our partners worldwide:

China: Tianmen political delegation visits Italin LU-VE Group production sites

China: Tianmen political delegation visits Italin LU-VE Group production sites

Uboldo (Va), 3 September 2018
On 3 September, a representational delegation of the Communist Chinese Party of the Hubey province visited all the Italian LU-VE Group plants (LU-VE, TGD and SEST).
The delegation was led by the Deputy General Secretary of the National Party Mr. Xiaoming Li, who kindly accepted our Group President’s invitation, promoted to thank local authorities for the great support for our brand new Tianmen industrial site project development.
We have already started to move the existing Jiangsu plant to this area.
The new production facility will be called LU-VE Tianmen. The total structural surface area will increase from the present 7,000 to over 19,000 m2. 15,000 m2 of this area will be dedicated to production, while a two-story building (2,000 m2) will house the offices; another 2,000 m2 will be reserved for dormitories and the company restaurant. The development plans also provide for a further possible expansion of 10,000 m2 from 2021.
The new LU-VE Tianmen plant (which will employ over 70% of the current workforce in the Changshu factory) will be able to start production in autumn, reaching full operation in 2019.
The Province of Hubei (with its nearly 60 million inhabitants) falls within the “Belt & Road Initiative” and is a political, cultural and economic hub for central China, as is the city of Tianmen (literally “sky gate”).

LU-VE GROUP: RECORD SALES AND EBITDA (H1)

LU-VE GROUP: RECORD SALES AND EBITDA (H1)

Uboldo, 25 September 2018
At the closing of the Board of Directors meeting, held today, LU-VE Group announced 2018 first half financial results:
- Consolidated sales: €152.8 m (+14.9% vs. H1 17)
- Order book: €42.5 m (+17.4%)
- EBITDA: €18.1 m (+ 27.4%)
- Net income: €6.6 m (+231.3%).
Iginio Liberali, President of LU-VE Group declared: “We recorded an excellent first half of 2018: an important growth with positive results. This sets the stage for an equally good result at the end of the year.
In the medium term, the acquisition of Zyklus in the U.S. provides new prospects for further growth and development, both in terms of geographical areas and markets”.

Spirotech: a wonderful sales result

Spirotech: a wonderful sales result

This is a moment of extraordinary success for Spirotech, the most recent acquisition of LU-VE Group (2016).
The company is based in New Delhi, India, and is a veritable jewel in the crown, capable of exporting over 85% of its production to Europe and the USA, 100% of which is heat exchangers for the household appliance sector.
The reference customers are all the best-known brands in the white goods sector, refrigerators and driers.
Spirotech has just now concluded an agreement with one of the best-known German brands, famous for its reliability and quality, to supply goods worth the exceptional amount of 9 million euros per year.
Hearty congratulations to our colleagues in India who, with this fine result, have demonstrated truly outstanding performance.