Fagor

Fagor is a large domestic and commercial appliance manufacturer based in the Basque Country, Spain. It is run by the Mondragon Corporation and is one of the fastest growing businesses in European Union. Fagor is Europe's fifth largest domestic appliances manufacturer.^[1]

History

The co-operative group was formed in 1956 in a small workshop in Mondragon.

Global Business

Mondragon Corporation brings together 122 industrial companies, 6 financial organisations, 14 retailers, 4 research centres, 1 university and 14 insurance companies and international trade services. It has a turnover of more than 14,700 million pounds and a workforce of over 69,000 people.

The group is divided up into three main divisions: the finance division, the retail division and the industrial division.

A program of major international expansion has seen Fagor achieve a workforce of 6,074 people and factories located in three continents: Europe, America and Africa with 13 subsidiaries throughout the world as well as a major sales network present in 80 countries in 5 continents.

Fagor America makes major appliances, small appliances and cookware. The major appliances are quickly gaining market share and compete against Bosch, GE Monogram, Kitchen Aid, Jenn Air, Miele, Electrolux and Asko.

Currently, 44% of Fagor's sales are international, 70% percent of which take place in France, Portugal, Germany, Great Britain, Morocco and the Czech Republic. Fagor markets its products under seven different brand names:

• Fagor
• Edesa
• Aspes
• Mastercook
• Brandt
• De Dietrich
• Fagor Commercial

The purchase of the Brandt Group in 2005 ensured that Fagor became one of the largest appliance manufacturers in Europe. This also included the brand names of Ocean, SanGiorgio and De Dietrich.

References

External links

• Official global website.
• Fagor America
• Fagor United Kingdom
• Fagor BG
• FagorMastercook Poland