Gorenje planning another facility in Valjevo – Preparations for construction of new TV factory in Velenje in progress as well

Pursuant to the resolution adopted at the Shareholders Assembly, Gorenje will be transformed from a joint stock company into a limited liability company. The transformation marks the completion of the takeover process that has left the company Hisense as the only remaining shareholder. It introduces a simpler, one-tier corporate governance system without a separate Supervisory and Management Board.

Simplified management also makes it easier to reap synergies with Hisense, and to focus more closely on development, design, and sale of products. With its locations in Europe, Gorenje is becoming an important development and manufacturing centre within the Hisense Group.

In Velenje, activities are already under way to start the construction of a new TV set factory, and the company also intends to expand the production of refrigerators in Valjevo with an additional factory.

– By transforming Gorenje into a limited liability company, we are completing a successful process of searching for a strategic owner. Gorenje's ownership has been consolidated, and with Hisense as the new owner and simplified corporate governance, we are laying solid foundations for the development of the Gorenje Group, its brands, and thereby the future of over 11,000 employees – said the Chairman of the Committee of Directors, Franjo Bobinac.

Gorenje d.d. Velenje

Gorenje d.o.o Valjevo

Hisense Co., Ltd.

Gorenje d.o.o. Beograd

Gorenje

Hisense

Franjo Bobinac

Velenje TV factory

Gorenje factory Valjevo

new Gorenje facility in Valjevo

expansion of Gorenje in Valjevo