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Business

Whirlpool takeover

Published: 14 Aug 2013 - 12:24 am | Last Updated: 30 Jan 2022 - 12:30 pm

Employees assemble washing machines on the production line inside a factory of Hefei Rongshida Sanyo Electric in Hefei, Anhui province, yesterday. Whirlpool Corporation’s China unit has agreed to buy a 51 percent stake in Chinese maker of refrigerators and washing machines - Hefei Rongshida Sanyo Electric - as the US home-appliance manufacturer steps up presence in fast growing Chinese market.