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Hisense to set up unit in Ljubljana, split Gorenje manufacturing ops from administration

Hisense to set up unit in Ljubljana, split Gorenje manufacturing ops from administration Source: gorenjegroup.com

LJUBLJANA (Slovenia), November 1 (SeeNews) –China's Hisense Group, a majority shareholder in Slovenian white goods manufacturer Gorenje, will establish a unit in Ljubljana to provide corporate support services for all Hisense companies in Europe, as part of the group’s strategy to integrate activities with Gorenje, the Slovenian company said.

The final steps of the integration include separation of Gorenje's manufacturing part from the administrative part of the company, establishment of shared regional service centres, and merging of international sales units, Gorenje said in a press release earlier this week.

“In the process of Gorenje Group's reshaping, we shall separate Gorenje's manufacturing part from the administrative part by transferring all corporate support functions for the entire European part of the Hisense Group to the company Hisense Europe that will be headquartered in Ljubljana,” Gorenje said, adding that Hisense will make Slovenia the headquarters for managing all of its European operations, while the company Gorenje d.o.o. will only include production in Velenje and its subsidiaries.

In October 2018, Hisense Luxembourg Home Appliance Holding, a member of China's Hisense Group, acquired 998,417 Gorenje shares at a price of 12 euro per share and now holds a 95.42% stake in Gorenje.

In July, Gorenje said it turned to a consolidated net loss of 29.5 million euro ($32.9 million) in the first half of the year, from a profit of 0.4 million euro in the same period last year.

($ = 0.8963 euro)

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