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

China's TCL and Italy's Visy Electric in Refrigerator JV
Nov 10, 2004
 Printable format
 Email this Article
 Search

TCL Corp said its home appliance unit has invested 100 million yuan (approx. U.S. $12.1 million) in a joint venture refrigerator production base in the eastern Chinese city of Qingdao.

TCL will team up with Visy Electric (Qingdao) Co. Ltd., an Italian electric appliance joint venture.

In the first phase of the cooperation, the two companies will build a factory with an annual production capacity of 500,000 units, the company said in a statement. Some of the new venture's products will be exported, it added.

No financial details of Visy's investment were revealed.

Many of TCL's home appliances, which are mainly marketed under its own name, no longer meet the challenges of a rapidly developing and consolidating industry, TCL said. As a result, the company will enhance competitiveness by teaming up with leading international brands, said Shi Biguang, head of TCL's white goods operations. Last week, the company announced a joint venture with Toshiba.

TCL is aiming to rank among the top three home-appliances makers in China within 2 to 3 years, the company said. (AFX)

Back to Daily News

 

Daily News

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

Apr 16, 2014: Home Builder Confidence Steady in April

Apr 16, 2014: Little Swan Sees China Becoming a Front-Loader Washing Machine Market

Apr 16, 2014: Hisense Poised for Continued Growth in Africa

Apr 16, 2014: Sensor Hubs Seeing Big Gains

Apr 10, 2014: AGA Rangemaster Names Kathryn M. Ireland To Be North American Brand Ambassador

More Daily News>>

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

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

March 2014: Market Research - 62nd Annual U.S. Appliance Industry Forecast
February 2014: Appliance Magazine Market Insight: December 2013
January 2014: Market Research - Appliance Historical Statistical Review: 1954-2012
January 2014: Appliance Magazine Market Insight: November 2013




 
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 | Pharmalive | Plastics Today | Powder Bulk Solids | Canon Trade Shows