Chinese group Haier, one of the largest manufacturers of household appliances in the world, will invest over EUR 50 million in a refrigerator factory in the town of Ariceştii Rahtivani in Prahova county, north of Bucharest, Ziarul Financiar reported.

This production unit will create over 500 jobs and will have a maximum production capacity of 600,000 refrigerators per year.

By comparison, the Arctic factory in Găeşti, Dâmboviţa, owned by Turkish group Arcelik, has a capacity of 2.6 million units per year, being the largest refrigerator factory in Continental Europe.

According to own estimates dating 2016 (latest data available), Haier held a global market share of 10% on the household appliances markets.

The group has over 65,000 employees, 24 factories and five research centers. Its business was EUR 35 billion last year, 10% higher than in 2018.

In January 2019, Haier completed the takeover of Italian appliance manufacturer Candy.

(Photo: Haier Group Facebook Page)

editor@romania-insider.com