Whirlpool, Hisense Open Chinese Factory

BENTON HARBOR, Mich. (AP) -- Whirlpool Corp. and China-based home appliance company Hisense-Kelon Electrical Holdings Co. said Wednesday they have opened a factory as part of an existing joint venture.

The two companies will start making refrigerators and washing machines. They first formed a joint venture last year in the ZheJiang province of China. The partnership was created to make appliances for the Chinese market and exports.

Benton Harbor, Mich.-based Whirlpool said the two companies have equal investment and management responsibilities.

Whirlpool shares rose $1.98, or 4.2 percent, to $49.35 in morning trading.

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