Showing posts with label increase. Show all posts
Showing posts with label increase. Show all posts

Monday, 4 April 2011

FG EUROFRED is looking to increase direct sales of Fujitsu air conditioning


FG EUROFRED is looking to increase direct sales of Fujitsu air conditioning equipment in the UK, according to new sales director Tony Gittings.

The former LG general manager is driving sales for new firm FG Eurofred, formed following the merger of Fujitsu General UK and Eurofred UK to bring together Fujitsu General UK's distribution network with Eurofred UK's direct selling operation.

Explaining the new company's philosophy, Tony Gittings said "No major air conditioning brand can operate successfully in the UK without a direct sales operation. All the major manufacturers have gone, or will soon be going, in that direction. Leading consultants and larger end users with branches all over the country want to deal directly with a manufacturer.

"However, unlike other manufacturers, we are firm believers in the continued role of a strong distributor network, so we have decided to take the bold decision to develop both routes to market equally. There is room for both."

Addressing concerns voiced by FG Eurofred's distributors, he said "We don't want to compete for existing business. We will be targeting companies who don't currently purchase Fujitsu. But we must adapt to address changes in the marketplace."

The UK is the third largest ac market in Europe. In a market now dominated by direct sales of VRF, FG Eurofred have much to do since only 10% of Fujitsu sales are currently direct.

VRF accounts for nearly one third of total UK ac sales, 80% of which is through direct sales.

Tony Gittings said "Currently sales through our distributors are almost exclusively splits. So, by increasing our direct VRF sales through consultants and larger end users, we will hit our sales targets without damaging our distributors."

To support its distributor network, FGE is to make available to its distributors a figure equal to 1% of that distributor's Fujitsu sales for marketing purposes.

Saturday, 19 February 2011

LG Air Conditioning saw worldwide sales increase by 50.5% in the last quarter of 2010

LG Air Conditioning saw worldwide sales increase by 50.5% in the last quarter of 2010, compared to the same period in 2009. Full year sales reached $4.2bn, 12.2% higher than 2009.

Significant growth was experienced in Middle East, Africa, Central and South America and stronger overseas commercial ac sales.

The Korean manufacturer also confirmed that it would not be making a bid for US air conditioner manufacturer Goodman Global despite being approached by San-Francisco-based private equity firm Hellman & Friedman. Japanese manufacturer Daikin is still considering making a bid.