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Daily News

Haier Builds R&D Centers and A/C Plant
Aug 19, 2005
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Bloomberg reports that Chinese appliance maker Qingdao Haier Co., will spend about 160 million yuan (U.S. $19.8 million) to establish R&D centers in Europe and the U.S.

Another 150 million yuan (U.S. $18.5 million) will be spent by Haier to build an air-conditioner plant in Chongqing, a city in southwest China.

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