Hisense will receive state subsidies for the Velenje TVs set factory

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Slovenian Minister of Economic Development and Technology, Zdravko Počivalšek with the Managing Director of the Hisense Europe Electronics factory Chao Liu

Hisense signed an agreement on state subsidies for Hisense’s investment in the Velenje television set factory. The Managing Director of the Hisense Europe Electronics factory Chao Liu met the Minister of Economic Development and Technology, Zdravko Počivalšek to sign the document that worth almost one million euros, 25 percent of the value of the investment, which is planned for the period until the end of 2023. Hisense Europe Electronics factory was launched at the beginning of this year, and today it employs more than 750 employees. With the help of the investment, the company will increase the production capacity of the factory, in which 2.5 million Hisense TV sets for the European market will be produced in the first year.

«The received incentive – said Hisense Europe Group Executive Vice-President Hanson Han – will certainly have a positive financial effect on the operations of Hisense Europe Electronics, and even more important will be the message of the Republic of Slovenia, which showed that the environment is favorable to foreign investors. In this way, the Republic of Slovenia gives a clear signal that foreign direct investment is an important factor in economic growth and that it brings many beneficial effects to the domestic economy, while Hisense further strengthens its belief that the decision was the right choice for Slovenia.»

The Hisense Europe Electronics factory is located within the existing Gorenje production site in Velenje, and production takes place in three shifts on four automatic production lines and an additional manual line intended for the production of 70- and 75-inch TV sets. The factory produces between 6,000 and 7,000 TV sets per day, which in the first year will mean 2.5 million devices made for European markets. Hisense intend to increase the production capacity to almost 4 million TV sets per year in the next two years, taking into account the demand from the markets.

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