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 Localize U.S. & European Appliances
Sep 23, 2005
 Printable format
 Email this Article
 Search

Qingdao Haier Refrigerator Co. Ltd. said this morning that it will spend 810 million yuan (approx. U.S. $100 million) on new projects, according to a report from Reuters. The company is a business unit of Chinese home appliance company Haier Group. Haier shareholders approved several initiatives, according to financial newspaper reports.

Reports say one of the initiatives will be a 160 million yuan (U.S. $19.8 million) investment to establish centers charged with localizing Haier appliances for markets in the U.S. and Europe.

Other new projects, according to the reports:

  • 150 million yuan (U.S. $18.6 million) will be invested in product re-engineering to meet Europe's WEEE standard
  • 150 million yuan will fund an air-conditioner project in Chongqing, China.
  • 130 million yuan (U.S. $16.1 million) will fund digital appliance development efforts
  • 130 million yuan will go toward the development of commercial refrigeration products
  • 90 million yuan (U.S. $11.1 million) will help upgrade Haier refrigeration technology

    Back to Daily News

  •  

    Daily News

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

    Apr 23, 2014: Bosch Home Appliances Garners EPA Energy Star Partner of the Year - Sustained Excellence Award

    Apr 23, 2014: AO Smith Develops Ultra-Low NOx, Compact Commercial Water Heater for California

    Apr 23, 2014: Dacor Launches First North American Cooktop with Touch Control

    Apr 23, 2014: Existing-Home Sales Show Slight March Decrease

    Apr 23, 2014: CEA: Consumer Sentiment Down in April

    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