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Electrolux May Buy into Russian-Belarussian JV
Feb 4, 2004
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Swedish appliance maker Electrolux may be interested in buying shares in Brest Gas Appliance Plant, a Russian-Belarussian joint venture that produces cooking appliances.

A delegation from Electrolux visited the joint venture at the beginning of the year and has made proposals about exchanging production, with an interest in buying shares, according to the Brest Gas Appliance Plant.

However, the joint venture's marketing department is worried that it will face difficulties selling more expensive products under the Electrolux brand name. At the moment, the plant has a stable position on domestic and foreign markets and is not having sales problems, a spokesman said.

Brest Gas Appliance Plant produces gas and electric stoves and ovens under the trademark Gefest. (Interfax-West)

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