If a few days ago Alimarket Electro published the dissolution of the subsidiary Chigo Europe, managing the distribution of the air conditioning business ‘Chigo’ in Iberia, we now report that the Chinese group Guangdong Chigo Air Conditioning Co., Ltd., specialized in air conditioning and appliances, commissioned at the end of May the exclusive distribution of ‘Chigo’ air conditioning equipment in Spain and Portugal to the Yonhoo Iberia Group. Grupo Yonhoo intends to continue the business promoted by Chigo Europe since 2016, when it settled in Spain, by signing alliances with purchasing groups, wholesalers and independent installers. To date, Grupo Yonhoo has signed agreements in Spain with some platforms of the Sinersis plant, such as Codeco and Cevasa, and has advanced negotiations with Segesa-Redder. Operations in Portugal will be managed through local distributors.
Yonhoo Iberia is made up of five specialist societies with influence in Spain and Portugal: Yonhoo Europa, S.L .; Yonhoo Electrónico, S.L .; Yonhoo, S.L .; Yonhoo Madrid, S.L., and Yonhoo Barcelona, S.L., which operate various business lines. The Yonhoo catalog covers the aforementioned Air conditioning (splits, ducts, cassettes and VRF under the signature ‘Chigo’ and small horizontal and vertical heaters, wall heaters, mica radiators and oil radiators, with ‘Tosgo’); Small Electronic Device (rice cookers, electric pots and pans, portable gas stoves, electric heaters and radiators, vertical steam irons, utensils for shops, containers prepared for the storage and preservation of food for businesses or individuals and under the signature ‘Estanterania’ ); Security equipment (video surveillance, access control and home automation under the ‘Avitom’); Commercial equipment (shelves); Hospitality machinery (meat slicers, meat grinders, industrial fryers, automatic orange juicers, chocolate fountains, refrigerated tables, food display cabinets, freezer cabinets, bunkers, among others), under the signature ‘Hedeco’; and Export of food products, such as extra virgin olive oil, orange juices, wines (red, white and pink), Iberian (sausages) or assorted snacks.
Yonhoo Group Infrastructure
The infrastructure in Spain includes a logistics center in Numancia de la Sagra (Toledo), a headquarters in Getafe (Madrid) and five store-stores in the P.I. ‘Cobo Calleja’ of Fuenlabrada (Madrid), Badalona (Barcelona), Manises (Valencia), Llanera (Asturias) and Basauri (Vizcaya). The aggregate turnover of Grupo Yonhoo could be approximately € 9 million.
This article belongs to Alimarket, the main generator of sector economic information in Spain.