(Yicai Global) Dec. 25 -- Shenzhen H&T Intelligent Control has landed a deal to supply intelligent components for washing machines made by BSH Home Appliances, Europe's biggest white goods manufacturer.
The pair penned a four-year original design manufacturer contract, H&T said in a statement yesterday. The parts will make their way into seven BSH factories in Europe and the Asia-Pacific region and wind up in its low-load drum washing machines.
Shares in the supplier [SHE:002402] gained on the news, rising 4.7 percent to CNY13.16 (USD1.88) as of 1.55 p.m.
H&T is one of the appliance industry's leading intelligent parts makers, with partners including Electrolux, Whirlpool, General Electric, Panasonic and Techtronic Industries. BSH is a joint venture between Siemens and Robert Bosch with 42 production bases around the globe.
Editor: James Boynton