Complex sentence: The company manufactures a range of high value electronics and home appliances and has been contracted by different parties to set up local manufacturing units producing air-conditioners, refrigerators and washing machines.
Split into simpler sentences: The company manufactures a range of high value electronics and home appliances. Beside its business of manufacturing consumer goods, it has been contracted by different parties to set up local manufacturing units producing air-conditioners, refrigerators and washing machines.