Fagor


Fagor Electrodomesticos is a large domestic and commercial appliance manufacturer based in the Basque Country, Spain and run by the Mondragon Corporation. Fagor is Spain's largest consumer appliance company and the fifth largest electrical appliance company in Europe, manufacturing a wide range of domestic appliances, including washing machines, refrigerators and ovens.
On November 6, 2013, Fagor Brandt, the French subsidiary of the Spanish appliance manufacturing group, which employed 1,920 people, announced its bankruptcy and was placed under receivership in early 2014, before being divested and taken over by the Algerian conglomerate Cevital Group.
Later Fagor Electrodomesticos officially announced its bankruptcy as well and has been taken over by Spanish appliance manufacturer CATA Electrodomesticos (CNA Group) in autumn 2014, adding 155 new jobs.
Mondragon Corporation comprises, 122 industrial companies, 6 financial organizations, 14 retailers, 4 research centers, 1 university, 14 insurance companies, and international trade services. It has a assets of 24.72b Euro (2014), a revenue of 12.1b Euro (2015), and a workforce of 69,000.
The corporation is divided into three main divisions: finance, retail, and industrial.
Major international expansion has increased Fagor's workforce to 6,074. It has factories in Europe, America, and Africa. It also has 13 worldwide subsidiaries and sales networks in 80 countries in 5 continents. The purchase of the Brandt Group in 2005 made Fagor one of the largest appliance manufacturers in Europe. This also included the brand names, Ocean, SanGiorgio, and De Dietrich.