DRONE VOLT: New historic orders in sight

Villepinte, September 25, 2020

DRONE VOLT, expert in on-board artificial intelligence and manufacturer of professional civilian drones, announces the signing of a letter of intent with a European distributor customer for the supply of a minimum of 275 HERCULES 20 SPRAY * drones over the next 3 years.

DRONE VOLT is taking a major step in its history with the signing of this agreement which, based on the list price of the solution, would represent an amount of invoices exceeding 5 million euros.

This letter of intent concludes an exclusive partnership which has enabled the client to develop a unique spraying system for viticulture based on HERCULES 20 SPRAY *. Thus, thanks to a dedicated digital application and the use of specific electronic nozzles, chemical product volumes are reduced by 50%, water consumption by 90% and intervention time by half compared to existing applications.

« This agreement is the result of a two-year collaboration which resulted in the mass production of a single machine and the signing of a very ambitious distribution agreement. Says Olivier GUALDONI, CEO of DRONE VOLT. “The group continues to be part of an environmental protection approach with innovative” zero emission “solutions that would limit the exposure of populations to highly toxic products”.

* The HERCULES 20, a drone developed and produced by DRONE VOLT equipped with 8 electric motors, can carry at least 15 kg of payload.

Next press release: turnover for 3th quarter 2020, October 14, 2020

All DRONE VOLT press releases are available on www.dronevolt.com / Investors

To receive all press releases free of charge, subscribe to Actusnews

To receive the company newsletter, write to: finance@dronevolt.com

About DRONE VOLT

Created in 2011, DRONE VOLT is an aeronautical manufacturer specializing in professional civilian drones and artificial intelligence. DRONE VOLT is located in France, Benelux, Canada, Denmark, the United States, Switzerland and Indonesia. Global partner, DRONE VOLT offers its customers “turnkey” business solutions including various services and drone pilot training.

The DRONE VOLT Group, a member of GICAT, achieved a turnover of 7.1 million euros in 2019 (unaudited data).

DRONE VOLT supplies in particular administrations and manufacturers such as the French Army, the Ministry of the Armed Forces, Engie, Total, Bouygues ES, ADP, the Gendarmerie des Transports Aériens (GTA), international government agencies …

DRONE VOLT is qualified as an “Innovative Company” by Bpifrance.

DRONE VOLT is listed on the Euronext Growth market in Paris:

Action : Mnémo : ALDRV.PA – Code ISIN : FR0013088606 – Eligible : PEA, PEA-PME

BSA : Mnémo : DRVBS – code ISIN : FR001286054

More information on www.dronevolt.com


Contacts :

FINANCE media relations
ACTUS finance & communication

Manon Clairet – T : +33 1 53 67 36 73
dronevolt@actus.fr
GENERAL PUBLIC AND BUSINESS media relations
DRONE VOLT

Céline Vergely – T: +33 6 08 42 75 84
celine@dronevolt.com


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.

Wall Street manages to end the week on a high note thanks to tech

The New York Stock Exchange, which had started the hesitant session, managed to end the week in the green for the first time in three weeks on Friday, driven by a return of the big names in tech.

The Dow Jones Industrial Average (DJIA) gained 1.34% to 27,173.96 points. The Nasdaq, with strong technological coloring, advanced 2.26% to 10,913.56 points and the broader S&P 500 index gained 1.60% to 3,298.48 points.

The day before, Wall Street had timidly ended up. The DJIA had advanced 0.20% and the Nasdaq 0.37%.

“The market which had been under pressure for some time was buoyed by the search for bargains on Friday,” said Art Hogan of National Holding Corporation.

The stocks ended “higher, supported by the technology sector which has tempered recent headwinds,” said analysts at Wells Fargo. “But concerns about the resurgence of coronavirus cases”, especially in Europe, “still cloud the market,” they continued.

In addition, the prospects for an agreement between Democrats and Republicans in the United States for a new fiscal stimulus “remain weak”, they warned.

Despite these concerns, the move on Wall Street, confirmed in the second part of the session, also reflected the fact that almost “the whole month of September was down, wiping out many of the excesses” accumulated since the rebound started in March, claimed Adam Sarhan of 50 Park Investment. This analyst believes that the market should continue its positive momentum as it approaches the end of the quarter.

The increase in titles Apple (+ 3.75%), Amazon (+ 2.49%), FaceBook (+ 2.12%), Microsoft (+ 2.28%) and Tesla (+ 5.04%) allowed Nasdaq to end the week with solid gains.

The shares of companies that are on the rise with social distancing have also jumped such as Zoom (teleconference), by 6.78%, or the manufacturer of connected exercise bikes, Peloton (+ 10.35%).

Boeing was boosted (+ 6.85% to 156.05 dollars) by the news of a possible return to service in Europe “by the end of the year” of the Boeing 737 MAX, grounded since March 2019 after two fatal accidents.

The titles of cruise passengers, under water since the onset of the epidemic, raised their heads, helped by recommendations from analysts. Carnival gained 9.7%, Norwegian Cruise Line 13.7% and Royal Caribbean 7.7%.

On the bond market, the 10-year rate on US debt fell to 0.6544%, from 0.6659% Thursday night.

vmt / day / bh

.

The values ​​to follow in Paris and in Europe: Lagardère, Suez, Total …


(Photo credits: Flickr – L. Grassin)

(Updated with addition of Veolia, addition of Total, Electrolux, Latécoère)

* Change in futures on the CAC 40 0 ​​# FCE index:

* Change in futures on the Stoxx 600 0 # FXXP index:

* Securities which are treated ex-dividend .EX.PA

* Update on the European markets .EUFR

PARIS, September 25 (Reuters) – Stocks to watch on Friday on the Paris Stock Exchange and in Europe:

* LAGARDÈRE LAGA.PA – Bernard Arnault has acquired a direct stake of more than 5% in the Lagardère group and has finalized its entry into the capital of Arnaud Lagardère’s personal holding company, up to 27%, the two families announced Thursday.

* SUEZ SEVI.PA , VEOLIA VIE.PA – The Autorité des marchés financiers (AMF) on Thursday rejected the interpretation given by Suez to Veolia’s two-step approach to buy out its competitor and considered that it was not a pre- offer. Suez announced that he was going to appeal to the Paris Court of Appeal. For his part, the CEO of Veolia said Friday that he did not plan to sell his Water France business to buy Suez.

* TOTAL TOTF.PA has set itself the long-term ambition of being one of the world’s five largest producers of renewable energies in the face of the anticipated decline in oil consumption, says its CEO Patrick Pouyanné in an interview posted on the Parisien website https: / /www.leparisien.fr/economie/total-al-ambition-d-etre-dans-le-top-5-mondial-des-producteurs-d-energies-renouvelables-24-09-2020-8391030.php.

The group also announced on Friday that it had reached an agreement with Spain’s Ignis to develop 3.3 gigawatts (GW) of solar projects located near Madrid and Andalusia.

* IPSEN IPN.PA announced on Friday the appointment of Philippe Lopes-Fernandes as executive vice-president and chief business officer, effective October 1, 2020.

* JULIUS BAER BAER.S – Switzerland’s highest court ordered Julius Baer to pay a total of around 150 million Swiss francs (136.6 million euros) following a complaint by the German agency who oversaw the privatization of East German state assets. The banking group indicated that this fine was fully covered by a provision made in December 2009.

* UNICREDIT CRDI.MI is ready to abandon its life insurance partnership with British insurer Aviva AV.L, Italian media reported on Friday.

* ELECTROLUX ELUXb.ST announced on Friday that it will propose to reintroduce a dividend as its results and cash flow improved in the third quarter.

* LATECOERE LAEP.PA asked Euronext to suspend its listing from September 25 before the publication of a press release.

THE 7-DAY FRANCE & INTERNATIONAL AGENDA:

THE LATEST on the recommendation changes in Paris:

.

MARKET POINT-Red in sight in Europe with Wall Street and doubts about growth (updated)

 (Actualisé avec futures sur le CAC 40, commentaires Fed, clôture de Tokyo,
marché obligataire en Europe)
    * Les indices européens attendus en baisse de plus de 1%
    * Wall Street a chuté, les "techs" ont encore souffert
    * Le dollar toujours au plus haut depuis fin juillet

    par Blandine Henault
    PARIS, 24 septembre (Reuters) - Les principales Bourses européennes sont
attendues en nette baisse jeudi à l'ouverture, pénalisées par la rechute des
valeurs technologiques à Wall Street et les craintes sur la reprise économique
alors que les mesures de restriction pour faire face à une nouvelle vague
épidémique de coronavirus se multiplient en Europe.
    Les contrats à terme signalent un repli de 1,17% pour le CAC 40 parisien
 .FCHI , de 1,25% pour le Dax à Francfort  .GDAXI  et de 1,29% pour le FTSE à
Londres  .FTSE .   
    Si les Bourses européennes ont fini dans le vert mercredi, ce n'est pas le
cas de Wall Street qui a clôturé en nette baisse sous le coup d'indicateurs
économiques décevants et d'une nouvelle correction sur les grandes valeurs
technologiques. 
    Plusieurs responsables de la Réserve fédérale ont en outre appelé à de
nouvelles mesures de soutien budgétaire à l'économie américaine, qui reste selon
eux déprimée.  
   Les indices d'activité PMI parus mercredi en Europe et aux Etats-Unis ont
montré que la récente reprise économique avait calé en septembre, notamment dans
les services.   
    Les nouvelles mesures de restriction prises pour tenter d'endiguer la
pandémie de coronavirus dans plusieurs pays européens, comme le Royaume-Uni et
la France, expliquent ce coup d'arrêt.  
    Les investisseurs suivront donc avec attention la publication dans la
matinée des indices du climat des affaires en France (6h45 GMT) et en Allemagne
(8h00 GMT), ainsi que les chiffres des inscriptions hebdomadaires au chômage aux
Etats-Unis (12h30 GMT).
    
    A WALL STREET 
    La Bourse de New York a fini en forte baisse mercredi, pénalisée par un
regain d'inquiétude sur l'état de l'économie américaine et par l'absence
d'avancées au Congrès sur le renforcement du soutien à l'activité.
    L'indice Dow Jones  .DJI  a cédé 1,92% à 26.763,13 points et le S&P-500
 .SPX  a perdu 2,37%, à 3.236,92 points. 
    De son côté, le Nasdaq Composite  .IXIC  a chuté de 3,02% à 10.632,99.
points alors que les poids lourds des hautes technologies et des services en
ligne étaient de nouveau pris dans un fort mouvement de vente. 
    Apple  AAPL.O  (-4,19%), Salesforce  CRM.N  (-4,76%), Amazon  AMZN.O 
(-4,13%), Alphabet  GOOGL.O  (-3,48%) ou Netflix  NFLX.O  (-4,19%) ont une
nouvelle fois accusé des baisses spectaculaires, confirmant la correction
observée ces dernières semaines.
    
    EN ASIE 
    Dans la foulée de Wall Street, la Bourse de Tokyo  .N225  a reculé de 1,11%.
    Même tendance négative en Chine, où l'indice composite de la Bourse de
Shanghai  .SSEC  abandonne 1,41%, pénalisé par le repli des valeurs
technologiques et de l'énergie. 
    
    CHANGES/TAUX
    Le dollar se maintient à un plus haut de deux mois face aux autres grandes
devises de référence, soutenu par son statut d'actif refuge sur fond de craintes
sur la reprise économique mondiale.  .DXY 
    La dégradation de la situation économique et sanitaire en Europe pénalise en
outre l'euro, qui reste sur un plus bas depuis la fin juillet face au dollar,
autour de 1,165.  EUR= 
    Sur le marché obligataire, le rendement des Treasuries à dix ans  US10YT=RR 
recule de près d'un point de base, à 0,6692% et celui de son équivalent allemand
 DE10YT=RR  perd près de deux points de base, à -0,518%.  

    PÉTROLE 
    Les cours du brut baissent, pénalisés par les inquiétudes pour la demande et
le renchérissement du dollar.
    Le baril de Brent  LCOc1  recule de 0,7% à 41,48 dollars et celui du brut
léger américain (WTI)  CLc1  perd 0,9% à 39,59 dollars. 

    LES VALEURS A SUIVRE :  

    PRINCIPAUX INDICATEURS ÉCONOMIQUES À L'AGENDA DU 24 SEPTEMBRE:
 PAYS    GMT    INDICATEUR                     PÉRIODE     CONSENSUS     PRÉCÉDENT
 FR      06h45  Indicateur Insee du climat     septembre   95            93
                des affaires dans l'industrie                            
                Indicateur Insee du climat                 n.d.          91
                des affaires                                             
 DE      08h00  Indice Ifo du climat des       septembre   93,8          92,6
                affaires                                                 
 USA     12h30  Inscriptions au chômage        sem. au     843.000       860.000
                                               19/9                      
 
    LA SITUATION SUR LES MARCHÉS:
    (Certaines données peuvent accuser un léger décalage)
    
    
  BOURSES                                                           
 ASIATIQUES                                                
 Indices       Dernier    Var.       Var. %     YTD                 
                          points                           
 Nikkei-225    23087,82   -258,67    -1,11%     -2,40%              
  .N225                                                    
 Topix         1626,44    -17,81     -1,08%     -5,51%              
  .TOPX                                                    
 Hong Kong     23297,30   -445,21    -1,88%     -17,36%             
  .HSI                                                     
 Taiwan        12264,38   -319,50    -2,54%     +2,23%              
  .TWII                                                    
 Séoul         2272,70    -60,54     -2,59%     +3,41%              
  .KS11                                                    
 Singapour     2452,62    -28,52     -1,15%     -23,90%             
  .STI                                                     
 Shanghaï      3232,28    -47,43     -1,45%     +5,97%              
  .SSEC                                                    
 Sydney        5875,90    -48,00     -0,81%     -12,09%             
  .AXJO                                                    
 La clôture à Tokyo :                                               
  .TFR                                                     
                                                                    
  WALL STREET                                                       
  La clôture précédente                                             
 :                                                         
 Indices       Dernier    Var.       Var. %     YTD                 
                          points                           
 Dow Jones     26763,13   -525,05    -1,92%     -6,22%              
  .DJI                                                     
 S&P-500       3236,92    -78,65     -2,37%     +0,19%              
  .SPX                                                     
 Nasdaq        10632,99   -330,65    -3,02%     +18,51%             
  .IXIC                                                    
 Nasdaq 100    10833,33   -353,04    -3,16%     +24,05%             
  .NDX                                                     
                                                                    
  Détail de la séance à Wall Street                                 
 :  .NFR                                                   
 "The Day Ahead" - Le point sur la prochaine                        
 séance à Wall Street  DAY/US                              
                                                                    
  MARCHES                                                           
 EUROPEENS                                                 
 Les futures sur le CAC 40  0#FCE:  et sur                          
 l'EuroStoxx50  0#STXE:                                    
                                                                    
  Les valeurs à suivre à Paris et                                   
 en Europe :  WATCH/LFR                                    
  La séance précédente :                                            
 Indices       Clôture    Var.       Var. %     YTD                 
                          points                           
 Eurofirst     1396,09    +7,60      +0,55%     -14,03%             
 300  .FTEU3                                               
 Eurostoxx 50  3180,11    +15,98     +0,51%     -15,09%             
  .STOXX50E                                                
 CAC 40        4802,26    +29,42     +0,62%     -19,67%             
  .FCHI                                                    
 Dax 30        12642,97   +48,58     +0,39%     -4,57%              
  .GDAXI                                                   
 FTSE  .FTSE   5899,26    +69,80     +1,20%     -21,79%             
 SMI  .SSMI    10330,06   -25,51     -0,25%     -2,70%              
                                                                    
  CHANGES                                                           
               Cours      Veille     Var. %     YTD                 
 Euro/Dlr      1,1649     1,1659     -0,09%     +3,92%              
  EUR=                                                     
 Dlr/Yen       105,31     105,37     -0,06%     -3,26%              
  JPY=                                                     
 Euro/Yen      122,69     122,83     -0,11%     +0,61%              
  EURJPY=                                                  
 Dlr/CHF       0,9238     0,9238     +0,00%     -4,55%              
  CHF=                                                     
 Euro/CHF      1,0762     1,0774     -0,11%     -0,83%              
  EURCHF=                                                  
 Stg/Dlr       1,2692     1,2722     -0,24%     -4,28%              
  GBP=                                                     
 Indice $      94,4290    94,3890    +0,04%     -1,81%              
  .DXY                                                     
                                                                    
  TAUX                                                              
                          Dernier    Var.       Spread/Bund
                                                    (pts)
                                                                    
 Bund 10 ans  DE10YT=RR   -0,5200    -0,0180                        
 Bund 2 ans               -0,7090    -0,0070                        
  DE2YT=RR                                                 
 OAT 10 ans               -0,2543    -0,0120    +26,57              
  FR10YT=RR                                                
 Treasury 10 ans          0,6675     -0,0080                        
  US10YT=RR                                                
 Treasury 2 ans           0,1367     -0,0020                        
  US2YT=RR                                                 
                                                                    
                                                                    
  PETROLE                                                           
 (en dollars)  Cours      Précédent  Var        Var.%      YTD
 Brut léger    39,60      39,93      -0,33      -0,83%     -35,30%
 US  CLc1                                                  
 Brent         41,50      41,77      -0,27      -0,65%     -37,15%
  LCOc1                                                    
                                                                    
 

 (Édité par Patrick Vignal)
 
 

.

Ryanair will open a base in Beauvais

It is the company’s fourth base in France after Marseille, Bordeaux and Toulouse.

By Le Figaro with AFP

Ryanair planes at London Stansted Airport, September 18, 2020.
Ryanair planes at London Stansted Airport, September 18, 2020. ADRIAN DENNIS / AFP

Irish airline Ryanair announced on Wednesday that it plans to open a new French base in Beauvais, in the Oise, from December, despite the novel coronavirus pandemic and the drop in traffic.

«We are delighted to announce an investment of $ 200 million for Ryanair’s fourth French base at Paris-Beauvais airport. This development will create more than 2,300 direct and indirect jobs», Assures Jason McGuinness, commercial director of Ryanair. Ryanair already has bases in Marseille, Bordeaux and Toulouse.

Jason McGuinness adds that Paris-Beauvais airport continues to offer “competitive airport charges, which is a way to increase traffic and open new lines for Ryanair’s fourth French base“. The new base will allow Ryanair to connect the Paris region to 13 European countries.

Reduction of thefts

The company “low cost»Announced last week to further reduce its flights for October, the month during which it will run at 40% of its capacity because of the impact on demand of travel restrictions decided by governments to stem the pandemic.

Travel restrictions often criticized by the boss of the group Michael O’Leary, like the quarantine required in the United Kingdom on return from several countries, and which threaten to worsen as the epidemic spreads.

Faced with this context, Ryanair announced a restructuring plan which involves the elimination of 3,000 jobs. The Ryanair group, which also includes the companies Buzz, Lauda and Malta Air, claimed 149 million passengers a year before the pandemic and some 17,000 employees.

SEE ALSO – Airbus unveils three aircraft concepts to fly on hydrogen in 2035

.

The Paris Bourse up 1.24%


The control room of Euronext, a company that manages the Paris Stock Exchange (AFP / ERIC PIERMONT)

The Paris Bourse was clearly green at the start of Wednesday’s session, gaining 1.24% in the wake of the rebound in US markets.

At 9:30 a.m., the CAC 40 index rose 59.28 points to 4,832.12 points. On Tuesday, it had failed to bounce back, losing 0.40%, its fifth consecutive decline.

Wall Street managed to restart on Tuesday thanks to technology stocks, the Nasdaq taking up 1.71%.

In addition, the American House of Representatives approved a budget agreement with the White House and the Republicans to avoid the “shutdown”, that is to say the drying up of government funding, on September 30.

“There is no great enthusiasm” at the idea of ​​wiping out the majority of losses conceded on Monday, where the ACC had fallen by 3.74%, points out however Tangi Le Liboux, analyst of the broker Aurel BGC.

All the more so as the barometers of private sector activity fell again in September in France. The composite flash index of aggregate activity fell to 48.5 points from 51.6 points in August, with a figure below 50 indicating a contraction in activity.

This is the sign of “new disturbances relating to the Covid-19 pandemic”, specifies the IHS Markit firm which calculates this barometer, so far on a series of four consecutive increases.

European countries have for several days been forced to take measures to try to stem or limit the comeback of the Covid-19 epidemic, which continues to weigh on the markets.

Local and partial lockdowns have started in areas in Spain or the UK, and English Prime Minister Boris Johnson presented restrictive measures on Tuesday. Pubs and restaurants must close at 10 p.m., and teleworking is again encouraged.

Faced with this, “the growing perception of the market is that central banks have already done their utmost and that in the event of a more acute health crisis, it is difficult to see what lever could be used to support economic activity” worry the economists from Saxo Bank.

– Tech takes color –

The standoff continued between Suez (+ 2.07% to 15.25 euros) and Veolia (+ 0.63% to 18.40 euros) on the attempted buyout of the first by the second. Suez denounced “the social destruction” that the operation would represent from his point of view, leading to the dismissal of 10,000 people around the world. Veolia disputed these figures, saying it was also ready to discuss its offer with Engie, including the price.

As in the United States, technology stocks stood out, like STMicroelectronics (+ 3.04% to 26.06 euros) and Atos (+ 1.91% to 69.46 euros).

The French number two in the retirement homes and private clinics sector Orpea climbed 3.01% to 97.96 euros after the publication of its results and the announcement of the acquisition of 50% of the fourth national operator of nursing homes. retirement in Ireland, Brindley Healthcare.

The Societe Generale group, which advanced slightly by 0.15% to 11.67 euros, announced in the morning that it was considering merging its Crédit du Nord and Société Générale networks.

Euronext CAC40

fs/vac/nth

.

New energy companies start from October 1

With two special acts that They will be held next Tuesday, September 29 in Barranquilla and Cartagena, President Ivan Duque will lead the launch of the companies that will assume the commercialization and distribution of the energy service in the Caribbean Coast: Afinia (Caribe Mar) and Aire (Caribe Sol).

The companies they begin to operate from October 1 in the region, in a fact that marks a new stage in the history of the electricity service of the Coast serving about 10 million people.

Afinia, de Public Companies of Medellín (EPM), will serve the Bolívar, Sucre, Córdoba and Cesar markets with 1.51 million clients.

Air, which is in the hands of Caribbean Energy Consortium (Enerpereira and Latin American Corp), will be in charge of the Atlántico, Magdalena and La Guajira markets with 1.21 million clients.

After the award of the two companies, which was made through an auction process in March this year, the joint began, which for the most part had to develop virtually in the middle of the quarantine.

Although it was thought that due to the pandemic and the impact of the Electricaribe indicators Delays could occur, the new operators, Electricaribe and Superservicios, managed to advance in the last month in such a way that the schedule that had been set was met. This is how this week the contracts will be closed with the signature of the company representatives.

The investment commitments of the two startups in the next 5 years add up to $ 5.7 trillion, of which $ 3.2 billion correspond to the Caribe Mar market and $ 2.6 billion to Caribe Sol.

Additionally, the 10-year projection is $ 5 trillion for Caribbean Sea and $ 3.7 billion for Caribbean Sun, for a total of $ 8.7 billion.

It should be remembered that Electricaribe will not disappear immediately, as it is in the liquidation process.

It is not the first time the energy market of the Caribbean Coast is served by two companiesSince Electricaribe and Electrocosta operated in the 2000s, but under the control of Gas Natural Fenosa (GNF), today Naturgy, which later joined due to operational issues.

.

Genfit: drops below 3.3E, new low at 3.26E

This analysis was prepared by Cercle Finance and disseminated by BOURSORAMA on 09/22/2020 at 5:48:00 PM.

Acting exclusively as a distribution channel, BOURSORAMA did not participate in any way in its development nor exercised any discretionary power as to its selection. The information contained in this analysis has been transcribed “as is”, without any representation or warranty of any kind. The opinions or estimates expressed therein are those of its authors and do not reflect the point of view of BOURSORAMA. Subject to applicable laws, neither the information contained nor the analyzes expressed therein can engage BOURSORAMA’s responsibility. The content of the analysis made available by BOURSORAMA is provided for information only and has no contractual value. It thus constitutes a simple decision aid over which the user retains absolute control.

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It is reminded that the entities of the Societe Generale group, to which BOURSORAMA belongs, may carry out transactions on the financial instruments mentioned in this analysis, hold stakes in the companies issuing these financial instruments, act as market maker, advise , broker, or banker of these instruments, or be represented on the board of directors of these companies. These circumstances can in no way affect the objectivity of the analyzes disseminated by BOURSORAMA.

.

With US $ 2.3 million, Samsung expands the production of refrigerators in Cañuelas | Business Opening

The South Korean company Samsung announced this Tuesday, with the presence of President Alberto Fernández, that will expand the production of refrigerators in the plant that its Argentine partner Visuar has in the Cañuelas Industrial Park, Buenos Aires province.

With a US $ 2.3 million investment, the company plans to add a new line of refrigerators to expand its production by 22%, 70,000 to 85,000 or 90,000 units per year, and to incorporate new models with inverter technology of lower capacity and more accessible in price. To do this, Visuar will gradually incorporate 100 employees.

“At the plant we only produce Inverter refrigerators, which allow more than 30% energy savings versus traditional cyclicals. We make models from 320 to 380 liters, but now we are going to incorporate one of 300 liters, also Inverter and with Twin Cooling, by which freezer and refrigerator work independently. Still cyclicals capture 70% of the market. We aim to launch a more accessible model, to be competitive in price and so that more consumers can purchase an Inverter model”, Diego Puhl, Samsung Home Line director, explained, a The chronicler. In the remaining 30% of the market, 70% are Inverter and 30%, No Frost. The model will cost between $ 60,000 and $ 65,000, compared to 45,000 for a traditional cyclical, but between 15% and 20% lower than other higher-liter inverters.

At that plant, Visuar also manufactures next-generation washing machines, microwaves and vacuum cleaners for Samsung.

So far this year, the sale of refrigerators decreased by 14% in units until August, compared to 2019, being a category less affected than others by the pandemic, according to sector data. In fact, the demand for household appliances in general fell by around 24% in the same period. Last year, the sale of white goods (refrigerators, washing machines and kitchens) had decreased by 6.5%, compared to a general decrease of 24% in the total sector.

“Our sales evolve in a similar way to the market. After having shortages since May, due to the factories being closed for two months, since August there is a certain recovery in demand of refrigerators. A month ago, we estimated a drop of 9% to 10% for all of 2020; the quarantine did not affect the seasonality of the refrigerator, because more are sold in summer. By 2021, we had projected that the market would grow from 3% to 5%, but the measures announced today could boost consumption more and the improvement could be greater, ”explained Puhl.

After touring the plant, Alberto Fernández announced a line of credit to acquire domestic appliances and another for productive investment; lThe former aim to encourage the purchase of national products from eight categories, including refrigerators, at prices agreed with manufacturers, financed by Banco Nación for 36 months and a fixed rate of 15%. Among the products, there are 35 models of refrigerators, 22 of washing machines, nine of kitchens, nine of hot water tanks, seven of water heaters, four of electric hot water tanks, one of dishwashers and 144 of fans.

In addition to that new line of credit, These products also participate in the Now 12 and 18 programs. Thus, it is expected to reactivate the demand for refrigerators and other household appliances that have a high national share in their production.

“Financing helps a lot to purchase refrigerators, with which we estimate a positive impact on the market, more with 36-month loans”Puhl commented. In addition to the national model of 300 liters Inverter, Samsung will launch, at the end of the year, the high-end model Family Hub, imported from Mexico, with Side by Side doors, with touch screen and Internet connectivity, than cost less than $ 300,000 to the public. “With the quarantine, we spend a lot of time in the kitchen; they changed the uses and customs. The refrigerator transforms the kitchen into an entertainment center, with touch screen, Spotify and speaker to listen to music or send it from the cell phone; interior camera to know, from the smartphone, what is missing in the refrigerator when shopping, among other characteristics ”, said Puhl.

Also, Samsung plans to add more models of washing machines in the plant that Visuar has on the same property in Cañuelas, where it makes front and top loading Inverter and non-Inverter models. “We are also going to expand production with models that are more accessible in price and we also plan to bring others with greater kilage and connectivity,” he anticipated.

The manager also highlighted the importance of productive credits announced for companies, that contemplate fixed installments at a rate of 24% or 22%, for 36 months, with Banco Nación. “It is important that there are these types of facilities, because companies have not received this impulse to invest for a long time; it is very difficult to expand with own investment “, he warned.

Visuar began in September 2017 to manufacture refrigerators for Samsung in Cañuelas, the year in which it allocated $ 1 billion at that time to install a new 30,000 m2 plant of Inverter refrigerators. In 2012, Visuar had started to manufacture, in another plant of the same property, washing machines, to which he later incorporated vacuum cleaners and microwaves.

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Airbus: plunges back to 61.5E, support to be preserved

(CercleFinance.com) – Airbus plunges back to 61.5E and threatens the crucial support of 61.8E from June 26 and July 27 to 31.

In case of depression, the title would seek support in the 55E zone then the 50E in the medium term (pendulum rule).

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