Fagor Entering Insolvency Could Mean Expansion into Europe for Haier

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With Spanish Appliance manufacturer Fagor entering insolvency, Lorenza Della Santa, Consumer Appliances Industry Analyst at Euromonitor, explores what this means for the industry. This news comes just one month after Fagor announced its joint venture with Haier to establish a new refrigerator plant in Poland. The partnership appeared to be a good opportunity for both companies. Does this latest development mean that Haier could now buy Fagor?

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