Fagor
| Fagor
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|---|---|
 |
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| legal form | cooperative |
| founding | 1956 |
| resolution | 2013 |
| Seat | Mondragón , Spain |
| Number of employees | 5600 (2013) |
| sales | 1,167 million euros (2012) |
| Branch | domestic appliances |
| Website | fagorcnagroup.com |
Fagor has been a household appliance brand from the Spanish manufacturer CNA Group since 2014 ; previously was Fagor Electrodomésticos, S. Coop. an independent, cooperative household appliance manufacturer based in Mondragón (Spain), which filed for bankruptcy in November 2013. He was part of the Mondragón Corporación Cooperativa , the largest cooperative in the world.
The enterprise
Fagor came into being in October 1956 when five former students from the vocational school in Mondragón, Basque, Luis Usatorre, Jesús Larrañaga, Alfonso Gorroñogoitia, José María Ormaetxea and Javier Ortubay bought the Otalora workshop in Vitoria and obtained a license to build household appliances. They called the company Talleres Ulgor ("Ulgor-Werk"), where Ulgor was composed of the initials of their surnames. Based on the thoughts of José María Arizmendiarrieta, the founder of the vocational school, they converted the company into a cooperative in 1959. The workshop moved from Vitoria to Mondragón; In 1959, Fagor was registered as a trademark. Fagor was considered a model company and was the core of the later Mondragón Corporación Cooperativa .
In 2005, Fagor acquired the French competitor Brandt for 162.5 million euros, which from then on operated under the name of Fagor Brandt as part of the Fagor Group - with this purchase, Fagor's sales increased by approx. 900 million euros international dimension.
With a turnover of 1.2 billion euros in 2012 and a market share of 5.1%, the Fagor Group was most recently the fifth largest manufacturer of large electrical appliances in Europe and the market leader in France (market share: 14.2%) and Spain (market share: 16, 3%) and the second best-selling brand in Poland (market share: 7.2%). In the top loading washing machine product group , Fagor was the largest manufacturer in the world and produced top loading machines for well-known brands across Europe. In Europe, the company was the market leader for top-loading washing machines and tumble dryers (700,000 devices in 2011) as well as pyrolysis ovens and induction hobs.
The Fagor Group was represented in 130 countries and in 2013 employed 5700 people worldwide. The company was active in seven business areas. In addition to large electrical appliances, small electrical appliances, kitchen furniture, hot water storage tanks and air conditioning units were also produced and marketed. Every year Fagor produced six million large electrical appliances, which were manufactured in 13 production facilities in five countries - mainly Spain, France and Poland. Of these, eleven production facilities were located in Europe. In France, Fagor had five plants with a total of 1,870 employees (cooking products in Orléans and Vendôme, refrigeration technology in Verolanuova, washing machines and microwaves in Lyon and La Roche-sur-Yon / Aizenay). Another important plant was in Poland ( Wrocław ).
Fagor had been represented on the German market since 2002 with Fagor Hausgeräte GmbH, based in Dreieich, where it sold the Fagor brand.
Brands of the Fagor Group
Fagor markets its products mainly under the brand names Fagor, Brandt, Mastercook and De Dietrich; In addition, the brands Edesa, Asber, Thomson, San Giorgio, Vedette, Sauter, Samet and Ocean were sold in some product groups. In France, the Fagor Group was the market leader with the “Fagor Brandt” brand and in Spain with the “Fagor” brand. The “Mastercook” brand was in second place in the sales ranking in Poland.
Bankruptcy and Sale
With debts of around EUR 800 million, the company had to file for so-called preliminary bankruptcy on October 17, 2013 ( preconcurso under Spanish law); At the beginning of November, the subsidiaries in Poland (Fagor Mastercook) and France (Fagor Brandt) as well as the parent company in Spain declared bankruptcy on November 13th.
A large part of the French activities, by far the largest part of the former Fagor Group with around 1200 employees and the Brandt brand, was taken over by Cevital , an Algerian conglomerate , in April 2014 . The locations in Spain with around 700 employees were taken over by the Spanish household goods manufacturer CNA Group in July 2014 . The location of the former Polish subsidiary Fagor Mastercook in Wrocław was taken over in December 2014 by the German household goods manufacturer BSH , which announced that it would employ up to 500 people here.
Web links
- Website of the CNA Group (English)
Individual evidence
- ↑ Annual Report 2012 Mondragon Corporation
- ↑ Usine Nouvelle: Fagor rachète Brandt , April 13, 2005 (French)
- ↑ welt.de November 13, 2013
- ↑ Homepage
- ↑ Fagor Electrodomésticos presenta preconcurso para ganar tiempo. Press article in Cinco Dias. October 17, 2013, accessed October 17, 2013 (Spanish).
- ↑ Electrical appliance manufacturer Fagor files for bankruptcy. focus.de, November 13, 2013, accessed on November 14, 2013 .
- ↑ La justicia francesa valida la oferta de Cevital por Fagor Brandt. (No longer available online.) Expansion April 22, 2014, archived from the original April 26, 2014 ; Retrieved May 20, 2014 (Spanish).
- ↑ Catalog se hace con Fagor Electrodomésticos, que reabrirá sus puertas en octubre. La Vanguardia, July 29, 2014, accessed January 21, 2015 (Spanish).
- ↑ BSH invests in Fagor Mastercook. Announcement on the Wrocław city portal. www.wroclaw.pl, December 22, 2014, accessed on January 21, 2015 .