Elica

{{Short description|Italian manufacturing company}}

{{about|the Italian manufacturing company|the genus and species of insects|Elica latipennis}}

{{distinguish|text=Elita}}

{{Update|Economic data|date=April 2020}}

{{Infobox company

| name = Elica S.p.A.

| logo = Elica logo.png

| type = Joint-stock company

| foundation = Fabriano, Italy, {{start date and age|1970}}

| founders = Ermanno Casoli

| location_city = Fabriano

| location_country = Italy

| key_people = Francesco Casoli

| area_served = Worldwide

| industry = Kitchen appliances

| products =

| parent =

| subsid = Airforce, Fime

| homepage = {{URL|http://www.elica.com/}}

}}

Elica S.p.A. is an Italian company established in 1970 that designs and manufactures kitchen hoods, induction hobs, and boilers.

Elica is chaired by Francesco Casoli and led by CEO Antonio Recinella, it has been listed since 2006 at the Borsa Italiana.

History

Elica was founded by Ermanno Casoli in Fabriano in 1970. After Ermanno died of a heart attack in 1978, leadership passed first to his wife, and then to his son, Francesco.{{Citation needed|date=October 2022}}

Over the years, the company grew to operate seven factories in Italy, Poland, Mexico, India and China with a production of over 21 million hoods.{{Cite news|url=https://economictimes.indiatimes.com/industry/cons-products/durables/worlds-biggest-chimney-brand-enters-india/articleshow/6135676.cms?from=mdr|title=World's biggest chimney brand enters India|last=Sharma|first=Amit|date=2010-07-06|work=The Economic Times|access-date=2019-05-05}}{{Cite web|url=https://www.hafactory.it/2015/06/09/elica-strengthens-its-presence-abroad/|title=Elica strengthens its presence abroad|date=2015-06-09|website=HA Factory|access-date=2019-05-05}}{{Cite web|url=https://mexico-now.com/index.php/article/4119-italian-appliances-manufacturer-grupo-elica-expands-output-capacity-by-25-in-queretaro|title=Italian appliances manufacturer Grupo Elica expands output capacity by 25% in Queretaro|website=mexico-now.com|access-date=2019-05-05}}

In June 2018, the company sold 33% of Elica India to Whirlpool of India.{{Cite news|url=https://economictimes.indiatimes.com/industry/cons-products/durables/whirlpool-plans-to-acquire-49-in-elica-pb/articleshow/64425720.cms?from=mdr|title=Whirlpool plans to acquire 49% in Elica PB|last=Mukherjee|first=Writankar|date=2018-06-02|work=The Economic Times|access-date=2019-05-05}}

Economic data

As of 31 December 2013, the Elica group had a consolidated turnover of around 391.8 million and a consolidated net profit of around €1.4 million.{{citation needed|date=August 2019}}

In 2017, revenues reached €479.3 million, an increase of 9.1% compared to the previous year. Elica group consists of approximately 4,800 employees.{{Cite web|url=https://finance.yahoo.com/quote/ELC.MI/financials/|title=ELICA (ELC.MI) Income Statement|website=finance.yahoo.com|language=en-US|access-date=2019-05-05}}

See also

{{Portal|Italy|Companies}}

References

{{Reflist}}