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Electrolux
Sweden
Electrolux is a leading producer of home and professional appliances for kitchen and cleaning. Electrolux produces some of the most water-efficient washing machines and dishwashers in the world and has dominated appliance energy efficiency awards in Europe. Water use in the company's household appliances comes close to the lower limit of what is technologically feasible, and the company expects water re-use systems to be the next innovative design step. Electrolux is going beyond legislative requirements in the elimination of hazardous substances from its products; it has a full line of PVC-free products, while also working on the significant challenge of minimizing the use of flame retardants. The company is supportive of progressive legislation, such as the European Union's REACH (Registration, Evaluation and Authorization of Chemicals). Electrolux's "Green Range" of products account for a higher proportion of gross profit than they represent in units sold. The company is moving its facilities and suppliers to low cost regions of the world; Portfolio 21 has requested additional information regarding this strategy and its impact on the company as global energy demands and transport costs increase.
To the best of our knowledge the above information is accurate and was obtained from sources we believe to be reliable. Neither the information presented above nor any opinion expressed shall be construed as an offer to sell or a solicitation to buy the security. The views expressed are those of portfolio management as of 9/30/09 and may not reflect current opinions or subsequent events.