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Microwave ovens likely to clock 25 pc growth in sales
The surprise winner in the durables market last year, the microwave ovens (MWO) category, is looking at a 25 per cent increase in sales this year. The category, which is still at a nascent stage, saw a growth of 26.5 per cent in the financial year 2003 at an estimated size of 2,15,000 units over 2002, with the Korean companies LG and Samsung cornering a major chunk of the market.