In 2000, Indesit took over the entire capital of Philco and acquired Stinol, the first Russian producer of household appliances. In 1999, through Fineldo, the holding of Merloni family, acquired Panini, manufacturer of collectible stickers. (Società Trevigiana Apparecchi Riscaldamento), an Italian company of Conegliano Veneto producer of kitchen hoods, which will be fully acquired in 2002 and merged with the Company in 2003. The following year took over one third of the capital of Star S.p.A. In 1994, Merloni had a turnover of 1,920 billion lire with a market share of 10% in Europe. In the same year the company had approximately 6,000 employees in various establishments including France, Portugal and Russia. In 1990, Merloni capital entered Marcegaglia, its supplier of steel tubes, which detected 7% of the shares. The following year, it acquired and absorbed the French company Scholtès. In 1988, Merloni, under the Ariston and Indesit brands, had a turnover of USD1.059 billion, becoming the fourth largest European manufacturer of home appliances. In 2005, Merloni Elettrodomestici was renamed Indesit Company S.p.A. In 1987, Merloni Elettrodomestici, already listed on the stock exchange, acquired Indesit (founded in Torino as Industria Elettrodomestici Spirea Italia SpA, a subsidiary of Spirea srl, by Armando Campioni, Adelchi Candellero and Filippo Gatta in 1953), its biggest rival on the Italian market which also had a certain international presence, as well as 33% of Philco Italy. Profits and revenues of the company grew, and this led the Merloni family to decide in 1986 in favor of the company's entry into the stock market. From 1981 the company went through a period of crisis, which ended in 1984, when Vittorio Merloni, having concluded his presidency of Confindustria, returned to managing Indesit. In the 1980s, with other Italian companies having been taken over by foreign appliance manufacturers, Merloni became the premier domestic producer in the industry. The company was founded in 1975 as Merloni Elettrodomestici SpA by Vittorio Merloni as a spin-off from Industrie Merloni. It has eight industrial areas in Italy, Poland, the UK, Russia and Turkey, and 16,000 employees. Founded in 1975 and listed on the Milan stock exchange since 1987, the group posted sales of €2.7 billion in 2013. It claims to be the undisputed leader in major markets such as Italy, the UK and Russia. It was one of the leading European manufacturers and distributors of major domestic appliances (washing machines, dryers, dishwashers, fridges, freezers, cookers, hoods, ovens and hobs). Indesit Company ( / ˈ ɪ n d ɪ s ɪ t/ Italian pronunciation: ) was an Italian company based in Fabriano, Ancona. Today (2006) the site is home to Morrisons and B & Q.Hotpoint Since 2001 & Whirlpool Corporation Since 2014. Parnalls factory still stands on Station Road but is now owned by Indesit (2006) and makes tumble dryers. In their heyday in the 1960s the factories employed over 1,500 people each. Many of the shops along Station Road served the needs of Parnalls workers, including Mick Lane’s bakery and his famous lardy cake. The canteens were a great meeting place and provided varied entertainment. Parnalls and Newmans provided many social events for their workers. Meanwhile, Newmans continued producing electric engines and motors. Parnalls (and later Jacksons on the same site) produced electrical household appliances after 1945. With both factories mass-producing war material, Yate became a target during the Bristol Blitz! In February and again in March 1941, a German plane bombed Parnalls and 53 workers died. Newmans became a major employer in Yate and a rival to Parnalls making shell cases and super-strong chains. The World War Two Bombing of Newman's killed 53 workersĭuring World War II Parnalls made air frames and hydraulic gun turrets. In 1932, Newmans of Bristol set up a electric motor repair factory on Station Road which also produced engineering tools. The railway could transport workers and goods to Yate and the village already had an aerodrome! The inter-war years were not always profitable but Parnalls continued to come up with ingenious new planes. Yate had a number of attractions for aircraft production. In 1925, Parnalls moved into the empty Aircraft Repair Depot, next to the railway station. An Aircraft Repair Depot, RFC camp and Concrete Slab factory all helped to change the feel of the place. World War I brought modern industry to Yate. Modern Yate had arrived! The Factory Age Begins The success of the Parnalls and Newmans companies during and after World War II helped lure a new community into the area. The large industrial sites on Station Road re-shaped the old farming landscape. The building of new factories during World War I had a lasting impact on Yate.
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