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Gree Enters Strategic Alliance with Baosteel – Baosteel attempts to control upstream resources
Recently, China’s biggest AC enterprise, Zhuhai Gree Electric, signed a strategic cooperative agreement with China’s biggest iron and steel enterprise, Shanghai Baosteel Group Corporation in Zhuhai, to establish a strategic alliance between them. It is learned that this is another act of Gree to att...
Kelon Acquires Weili
On October 28, Kelon Electrical made a public announcement that Guangdong Kelon Electrical Holdings Co., Ltd. (Kelon Electrical for short) and its wholly-funded subsidiary Kelon Development Co., Ltd. signed the contract for the joint venture ofGuangdong Kelon Weili Electric Appliance Co., Ltd. in Zh...
Haier Continues to Hold the Title of “The World’s Most Respected Enterprise”
It has been learned from Haier Group that “The Financial Times” has recently published the list of the world’s most respected enterprises through public appraisal. Among the Chinese enterprises, Haier continues to sit on the throne of “the most respected enterprise in the world.” Lenovo and Baoshan ...
Midea Acquires Hualing
On November 19, Midea Group and Hualing Group jointly announced that Midea Group acquired 42.36% in shares of the Hualing Group whose shares are totally held by the Guangzhou International Group, thus becoming the big controlling shareholder of the Hualing Group. According to the report of “Nanfang ...
Markus Scherer Joins Cognis’ Synlubes Team
Mr. Markus Scherer has been appointed Global Technology Manager Synlubes at Cognis Functional Products Technology. The expertise that he has accumulated in his many years of high-level experience in this field will be reflected in the new products and strategies he develops, benefiting both Cognis a...
Kulthorn and Tecumseh End License Agreement
Kulthorn Kirby Public Company Limited (KKC), the top producer of hermetic compressors in Thailand, has been a licensee of Tecumseh Products Company, Michigan, U.S.A. since 1979. For almost twenty five years, KKC has produced over 20 million of AE, AZ and AW ranges of reciprocating compressors to ser...
Matsushita Breaks Ground at New Industrial Park in China
Matsushita Electric Industrial Co., Ltd., best known for its Panasonic brand products, recently announced it will build a new 270,000 m2 industrial park in the Hangzhou Economic Technological Development Area (Xia Sha), Zhejiang Province. The groundbreaking ceremony for the Matsushita Hangzhou Indu...
5th International Automotive AC Technical Seminar 2005
According to the introduction, CRAA Working Committee for automobile air conditioners, SAE- China Technical Committee for automobile air conditioners and the automobile working group for ozone layer protection of SEPA Foreign Economic Cooperation Office plan to hold the 5th International Automotive ...
Shanghai Provides Subsidy To Gas-fired AC Users
Recently, the Shanghai Municipal Government passed its work plan for “promotion of the development of gasfired ACs and distributed energy supply systems.” According to this plan, in the next three years, the city will increase the use of gas-fired ACs to alleviate the electricity shortages. The gove...
Ice Thermal Storage Acs Settle in Suzhou Industrial Park
The first set of the ice thermal storage AC project for office buildings in Jiangsu Province will be installed on the Real Estate Building of Suzhou Industrial Park. At that time this 21- storey (two stories underground) building with a height of 88 m and a construction area of 63,000 m2 can save el...
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