Category: Haier

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…

It seems that the Haier press machine is working very well, even if the other machines don’t as all over the news is the PR story of the new WasH20 detergent free washing machine, again. We’ve said it before and we will repeat it again, we simply do not believe that this can actually work in prac…

Haier, the Chinese appliance manufacturer, has launched its first refrigerator manufacturing, research & development facility in India to expand operations in the region. The new manufacturing facility, spread over 40 acres, is located at Ranjangoan in Pune, Maharashtra

Strangely enough this idea is being mooted around yet again that we can have a detergent free washing machine. And, once again, it’s Haier that are telling us that this is possible. We’ve seen these things before, many times and to date not one has ever lived up to the expectations enough to be a…

Sanyo Universal Electric has sold a major stake in its refrigerator factory in Prachin Buri’s Kabin Buri district to the Haier Group, China’s leading maker of electrical appliances. The move follows Sanyo’s decision to fix its focus on higher-margin products, including information-technology (IT)…

Today it has been reported that Sanyo Electric Co. Ltd. is in talks with Haier Group to sell its flagship refrigerator plant in Thailand and procure the products from the appliance maker in China on an original equipment manufacturing (OEM) basis. Details such as the expected sale price of the pl…

Haier Appliances India Pvt Ltd, the fully-owned subsidiary of the $12.9 billion Chinese multinational Haier group, is planning to set up a manufacturing facility in India, three years after it began operations in the country. This is in line with the company’s plans for a greater share of the Rs …

One century ago, 90% of China’s population used leaves to wash their clothes. Soap, called “foreign alkali,” was not common in daily life. Soap was unpopular due to its high price and people’s unfamiliarity with the product. Now, soap and detergent is a mainstay in China’s consumer industry. Bu…

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.

Although Haier Groups electric refrigerator and air-conditioning units held the largest mainland Chinese market share in 2005, earnings made public on April 28th showed a 35% year-on-year decline in profits from 2004 to 2005.