Chinese appliance maker Haier Group Co. plans to bolster its overseas manufacturing presence in the next few years — building a second factory in the U.S. state of South Carolina and looking to make acquisitions — in a push to better satisfy demands of consumers abroad.
As companies continue to pour billions of dollars of foreign direct investment into China each year, Haier — which in 2005 lost out in a race to buy U.S. appliance maker Maytag Corp.
Qingdao Haier Co., the air- conditioner and refrigerator unit of China’s biggest appliance maker, rose to a record on the Shanghai stock exchange after the company posted a 37 percent increase in first-half profit. The company’s shares gained 6.4 percent to 22.35 yuan as of the midday break, head…
According to the 2004 Chinese Inverter-controlled Refrigerator Market Data Analysis Report published, the market share of inverter-controlled refrigerators continues to increase, marking the coming of an inverter-controlled era. Haier, a leader in the domestic electrical household appliances indu…
It seems that the days of the old gas refrigerator may be numbered as companies appear to be moving towards thermoelectric technologies with no moving parts and, it’s picking up some steam this week.