April 30, 2008 -- Whirlpool, the world's leading home appliance maker, and Chinese conglomerate Hisense have formed a joint venture for global consumers. The 50-50 joint venture will invest $129 million to produce high-end washing machines and refrigerators under the Hisense and Whirlpool brands, they announced in statement on Monday. The planned production capability is two million washing machines and one million refrigerators annually.
Abstracted from Asia Pulse
