Category: Haier

Haier Electronics Group said Thursday it is considering buying assets from its parent, Haier Group Corp, which is intended to turn the Hong Kong company into the Chinese white-goods giant’s main listed company.

Haier Group’s overseas profitability has not yet reached the point where the company can be considered an international brand, the president of China’s largest home appliance maker said on Monday. Haier’s overseas sales hit $4 billion in 2005, Yang Mianmian said, but profits from overseas sales f…

KUALA LUMPUR, Feb 22 (Bernama) — Haier Electrical Appliances (Malaysia) Sdn Bhd (HEAM), distributor of Haier electrical products, hopes to rake in RM100 million in sales for the financial year ending Dec 31, 2006, compared with RM60 million previously.

Chinese home appliance manufacturer Haier Group Co says it is aiming to become one of the top three electronics companies in South Korea within five years. “By providing high-quality products that meet the needs of South Korean consumers, Haier aims to become one of the top three consumer electro…

Qingdao-based Haier Group has turned its washing machines into a market leader from a technical pursuer in a short period of 10 years, becoming a sign of progress for the world’s washing machine technology. As the first world famous brand name in China’s washing machine sector, the machines have …

CCT Telecom, a Hong Kong-listed cordless phone maker, will dispose of its stake in Haier Electronics Group at a premium of nearly 3 percent, sources said.

Zhang Ruimin, CEO of Chinese white goods maker Haier Group, has just been awarded as one of the 50 most respected business leaders in the world. Financial Times, one of the authoritative British financial news media, released the rankings on Monday, with Microsoft CEO Bill Gates topping the list.

The Shanghai-listed arm of top Chinese appliance maker Haier disappointed with a 17 percent slide in second-quarter earnings on Thursday, as it fended off fierce competition while keeping a lid on rising costs. And Qingdao Haier Refrigerator Co. Ltd.’s 2005 profit is expected to drop by about a f…

China’s Haier Group dropped out of the three-way bidding contest for Maytag Corp., leaving Whirlpool Corp. and Ripplewood Holdings LLC to contend for the No. 3 U.S. appliance maker. Maytag said in a statement today that Haier, along with Bain Capital LLC and Blackstone Group LP, indicated in a le…

China’s largest appliance maker, Haier, is likely to decide this week whether to top Whirlpool Corp’s $1.3 billion bid for Maytag, but industry experts question whether it can bankroll such a bid. A consortium that includes the Chinese state giant, which domestic media say takes in more than twic…