Whirlpool, Hisense form JV
29 April 2008
Whirlpool and Chinese conglomerate Hisense announced that they have formed a joint venture in China, AFP reported. The 50-50 joint venture between Whirlpool and electronics and information industry unit Hisense-Kelon Electrical Holdings was formed to deliver home appliances to China's consumer market, the two companies said in a statement. Refrigerators and washing machines will be among the home appliances produced by the joint venture. Whirlpool and Hisense will share research, technology, procurement and development resources, according to the report. Hisense is the main investor in Hisense-Kelon Electrical Holdings.
Bookmark and Share:
Other Categories
Other news from 29 April 2008
Related Articles
To receive the best China business news that the market has to offer,
subscribe to the China Economic Review.
subscribe to the China Economic Review.