Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

Haier to Invest $160 Million In New Chinese Fridge/Freezer Plants
Apr 5, 2011
 Printable format
 Email this Article
 Search

Qingdao Haier intends to spend 1.04 billion yuan (approx. US$160 million) to construct new appliance plants in China's Guangdong and Liaoning provinces, according to company filings reported by capitalvue.com via The Information Times.

The reports show that Qingdao Haier - one of the publicly traded business units of appliance OEM Haier Group Company – intends to establish the Foshan Haier Electric Freezer subsidiary and construct a factory to manufacture up to two million high-efficiency freezers annually. The freezer plant will cost about $63 million and reportedly could be up and running by the beginning of 2012. Foshan Haier, the report said, will be sold within China, elsewhere in Asia, and in Africa, Europe, the Americas, and Australia.

The report said Haier will also establish the Shenyang Haier Refrigerator subsidiary, whose new factory will also have annual capacity of two million units. Plant construction is scheduled to be complete in January. The reports said the market for the plant's refrigerators will be Chinese provinces of Jilin, Heilongjiang, and Liaoning provinces.

Back to Daily News

 

Daily News

...........................................................

Oct 23, 2014: Whirlpool Corporation to Showcase Resource-Efficient Technologies at Greenbuild

Oct 23, 2014: CWIEME Chicago exhibition had record attendees

Oct 22, 2014: Middleby to add U-Line to residential appliance business

Oct 22, 2014: iRobot's 3Q exceeds expectations, driven by Home Robots growth

Oct 22, 2014: Whirlpool Canada named 2014 Energy Star Manufacturer of the Year

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

September 2014: Appliance Industry Focus: HVAC
June 2014: Appliance Magazine Market Insight: April 2014
May 2014: Appliance Magazine Market Insight: March 2014
April 2014: Appliance Magazine Market Insight: February 2014




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Plastics Today | Powder Bulk Solids | Canon Trade Shows