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Post: Media: Chinese manufacturer Haier will close its factory in Russia

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Washing machine. Archive photo

Kommersant: Confectionery equipment factory in Russia will be closed due to low profits

MOSCOW. September 25 – RIA Novosti. Chinese home appliance manufacturer Haier, which owns the Russian legal entity of the Italian brand Candy, announced that it has decided to close the factory in Kirov. “Kommersant” With reference to sources.

“The decision was made because the income of the Sugar factory began to decrease since February 2022,” the material says.

The reason for the decrease in profits was competition from cheaper Chinese and Russian brands.

The company may go bankrupt or be sold for real estate prices.

Factory LLC “Kandy SNG” is located in Kirov. Italian brand Candy ranks eighth in refrigerator sales and fourth among washing machines in Russia.

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Source: Ria

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