Fagor is a large domestic and commercial appliance manufacturer based in the Basque Country, Spain. It is run by the Mondragon Corporation. Fagor is Europe’s fifth-largest domestic appliances manufacturer.
The co-operative group was formed in 1956 in a small workshop in Mondragon.
On the 16th of October 2013, Fagor filed for bankruptcy under Spanish law in order to renegotiate €1,1 billion of debt, after suffering heavy losses during the eurocrisis.
Mondragon Corporation brings together 122 industrial companies, 6 financial organisations, 14 retailers, 4 research centres, 1 university, and 14 insurance companies and international trade services. It has a turnover of more than 14,700 million pounds, and a workforce of over 69,000 people.
The group is divided into three main divisions: the finance division, the retail division, and the industrial division.
A program of major international expansion has seen Fagor achieve a workforce of 6,074 people and factories located in three continents: Europe, America, and Africa with 13 subsidiaries throughout the world as well as a major sales network present in 80 countries in 5 continents.
Currently, 44% of Fagor's sales are international, 70% percent of which take place in France, Portugal, Germany, the UK, Morocco, Poland and the Czech Republic. Fagor markets its products under seven different brand names:
The purchase of the Brandt Group in 2005 ensured that Fagor became one of the largest appliance manufacturers in Europe. This also included the brand names of Ocean, SanGiorgio, and De Dietrich.
- About, UK: Fagor.
- Spanish white goods company Fagor seeks protection from creditors (October 2013)
- Thousands of Fagor employees demand in Mondragon to keep their jobs (October 2013)
- White-goods giant Fagor goes into administration (October 2013)
- Official global website.
- Fagor - официальный сайт бытовой техники в Беларуси
- Fagor America
- Fagor United Kingdom
- Fagor BG
- FagorMastercook Poland