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

New Shanghai Rinnai Plant Will Double Water Heater, Gas Stove Production
Jan 17, 2014
 Printable format
 Email this Article
 Search

Rinnai Corp.'s Chinese subsidiary¬¬¬ will build a new factory in the Fengxian District of Shanghai, China, in anticipation of future expansion of the Chinese market.

Shanghai Rinnai has achieved steady growth manufacturing and selling gas hot-water units, gas boilers, gas stoves, and other appliances. Demand for gas appliances in China is predicted to keep rising, bolstered by rising worker incomes, the expansion of infrastructure, on overall economic growth.

Shanghai Rinnai’s main production base will move from Pudong to the new facility in Fengxian. The new plant will double Shanghai Rinnai’s production capacity, giving it the capable to manufacture one million hot-water units and 500,000 stoves annually.

Construction on the 67,901-square-meter facility is expected to wrap up in August 2015, with operations scheduled to start in August 2015.

Rinnai Corp. (Nagoya, Japan) owns 50% of Shanghai Rinnai Co. Ltd. Shanghai Gas (Group) Co. Ltd. owns 45%, and Saisan Co. Ltd. owns 5%.

Shanghai Rinnai had annual sales of 1,118 million Chinese yuan (approx. 14.2 billion Japanese yen or USD $140 million) in its fiscal year 2013, which ended March 31, 2013. The company had 704 employees as of December 2012.

The company had unit sales of about 500,000 hot water units and boilers in fiscal 2013, and expects that number to climb to roughly 550,000 in fiscal 2014. Unit sales of stoves were roughly 220,000 in fiscal 2013, expected to be over 250,000 in fiscal 2014.

Back to Daily News

 

Daily News

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

Oct 30, 2014: Statistical Portrait of the European Appliance Industry Released by Appliance Magazine

Oct 30, 2014: New Whirlpool acquisition Indesit reports profit for year so far

Oct 30, 2014: Consumer Confidence Index rebounds in October

Oct 29, 2014: New home sales up slightly in September 2014

Oct 29, 2014: Restaurant customers are using technology more frequently

More Daily News>>

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

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

November 2014: U.S. Appliance Industry: Market Value, Life Expectancy & Replacement Picture 2014
October 2014: Portrait of the European Appliance Industry
September 2014: Appliance Industry Focus: HVAC
June 2014: Appliance Magazine Market Insight: April 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