Category: Haier

Haier, the world’s second largest home appliances brand unveiled a technological marvel- India’s 1st detergent free washing machine (Model XQSB60-JN) today. The company has a world patent for the pathbreaking technology used in manufacturing this detergent free washing machine.

Haier, China’s number one white goods manufacturer, is projecting an eight per cent increase of its market share in the Middle East region this year. The company, which has recorded 300 per cent growth in its UAE sales last year compared to 2002, is also planning to invest $1 million in logistics…

Haier Appliances (India), a subsidiary of the $9.2 billion Haier group, the world’s second largest home appliances company, is planning to set up a manufacturing facility in the country. Pranay Dhabhai, director Haier India, said it was only a matter of time before Haier set up a manufacturing fa…

Haier Appliances (India) Pvt Ltd, a wholly owned subsidiary of Chinese white goods major Haier Technology, is planning to enter the Indian market in a big way by launching models across various product categories.

Qingdao Haier Co. (600690.SH), a major refrigerator and air conditioner maker in China, said Wednesday that its first-quarter net profit was unchanged on the previous year at 88.1 million yuan ($1=CNY8.28).

Haier-CCT Holdings Ltd. (1169.HK) said Friday its full-year loss widened mainly due to a HK$732.2 million impairment of goodwill charge. The Hong Kong-based telecom equipment maker had a net loss of HK$856.4 million in the 12 months ended Dec. 31, compared with HK$66.3 million in the previous year

China’s Haier, the world’s fifth-biggest white goods maker, hopes to own up to 15 percent of India’s booming consumer-goods market and boost its fortunes in the face cutthroat competition at home.

Haier Group, China’s largest home appliances maker, has proposed injecting the washing machine business into mobile handset maker Haier-CCT for 1.1 billion yuan (HK$1.04 billion) in a back-door listing.

Shares of Haier-CCT Holdings, a joint venture between Haier, the mainland’s largest whitegoods manufacturer, and Hong Kong’s CCT Telecom, are likely to remain suspended today.

THE China-based $9.2-billion consumer durables and electronics major, Haier Group, has taken control of 100 per cent stake in Haier Appliances (India) Pvt Ltd by buying out the initial Indian promoters. With this, the Indian outfit becomes the wholly-owned subsidiary of the Chinese company.