Lipetsk Special Economic Zone Development
Exports from the Lipetsk
region in 2006, million US
Dollars
Country
2006
Germany
310,5
Italy
421,2
USA
746,5
Turkey
852,3
Other
129,0
countries
Source www.invest.region48.ru - Lipetsk region
2.The acquisition of the refrigerator factory Stinol by Merloni
Elettrodomestici spa (now Indesit Company) in 2000 and the
building of two more plants for the production of washing
machines in 2004 and 2005
Merloni Elettrodomestici decided to take over 100% of Stinol in 2000 for an amount
of 119,3 million US Dollars, thus acquiring the most important company in Russia
for the production of refrigerators. This decision was taken on the 25th anniversary of
the multinational company Merloni, which was created in 1975 from the company
producing household appliances belonging to the Merloni Industries set up in
Fabriano (Ancona) in 1930.
According to its chairman Vittorio Merloni, Merloni Elettrodomestici is a "pocket-
sized multinational company whose headquarter is a plane and whose strategy is
focusing on foreign markets". In a period of 25 years this company has ranked third
in Europe thanks to its cooperation with a hundred suppliers. In 2003, Indesit
Company with two main brands Indesit and Ariston and three regional brands,
employed 21,000 people, produced 12 millions of pieces corresponding to a turnover
of 3 billion Euros, covering 14% of the European market. The turnover, divided into
geographic areas, amounted to 71% in the solid markets of Western Europe and 29%View entire presentation