NORD transfers refrigerator production facilities to China

NORD refrigerator producer that halted operations at the facilities of Donetsk refrigerator plant has transferred refrigerator production to China, to the platform of the Midea multi-industrial corporation manufacturing household appliances, PJSC Nord has said on its website.

According to the report, NORD had been produced at the facilities of Donetsk refrigerator plant for over 50 years and since the mothball of the plant in 2014 the company analyzed dozens of leading global production platforms searching for the best production facility for the company's refrigerators in the past two years.

"Trying to retain and transfer the accumulated experience in design works and taking into account practice of most European and global brands (Siemens, Whirlpool, Samsung) it was decided to select the Chinese production facility of global leader Midea," the company's press service said.

According to Nord, Midea founded in 1968, is a large household appliances manufacturer and exporter in China.

The new range of refrigerators and freezers under the NORD trademark are optimal size with various sections, the Full No Frost system and drop cooling, different colors, additional useful options and energy efficiency.

"Meet new models of NORD this spring in shops of your cities," the press service said.

As reported, Nord, the largest refrigerator producer in Ukraine, currently registered in Kramatorsk (Donetsk region), from August 1, 2016 halted its operations in Donetsk.

Andriy Landyk heads the company's supervisory board. He holds some 19.7% of shares in Nord and around 80% of the company's shares belong to his father and Nord President Valentyn Landyk.

In September 2016 it was announced that Valentyn Landyk sold its stake to the Russian partner of Nord – Diorit-Technis LLC (Rostov region), which is the exclusive distributor of NORD appliances in Russia.

PJSC Nord is the head company of the Nord Group.