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Gree’s RMB 1.15 Billion Capital-Raising Plan Approved
Gree Appliances recently announced that China Securities Regulatory Commission (CSRC) had approved its additional share issue plan, which would raise about RMB1.15 billion (US$150 million) through a public issuance of up to 50 million shares.Gree Appliances once planned to raise RMB1 billion (US$130...
Johnson Controls Set up Asia’s Largest Chiller Performance Test Facilities in Wuxi
On December 12, 2007, Asia’s largest performance test facility for chiller units, with a testing capacity of 14,000kW (4,000RT), was set up at Johnson Controls’ Wuxi production base. Mr. Lin Jian, VP-Manufacture Technology of Johnson Controls Asia, said as one of the earliest chiller brands in the ...
Hisense Kelon Side-by-Side Refrigerator Begins Production
Hisense Kelon began its production of energy-saving side-by-side refrigerator recently in Shunde, Guangdong province. The daily capacity is 300 units.About 70% of China’s side-by-side refrigerator market is currently taken by JV brands. Hisense only offered BCD-580W series of side-by-side refrigerat...
Melco Opens its AC Experience Center in Zhongshan
On November 21, Mitsubishi Electric Corp. (Melco) opened its AC experience center in Zhongshan city, Guangdong province. Mr. Hideaki Nagatomo, General Manager of Melco Shanghai, and dozens of distributors from Guangdong, Guangxi, Hainan provinces attended the opening ceremony.According to the chief ...
Midea Commercial AC Holds Distributor Conference
With ‘New opportunities, new development’ as the theme, the Midea Commercial Air Conditioning Company held its 2007 Distributor Conference in southwest China in Lijiang, Yunnan province from October 23 to 25. The general manager of Midea Commercial AC, general manager of the domestic sales company, ...
Midea Awards Outstanding Personnel
Midea Group awarded RMB 7.5 million (about US$ 1.03 million) to the outstanding scientific and technical personnel of the company at the end of 2007.In order to strengthen the RD capacity of the company, Midea Group has held such activities for 12 consecutive years since 1996. GD Midea Air-Condition...
Chigo Holds ’08 Distributor Conference in Foshan
On December 6, 2007, Chigo Group held the annual distributor conference in Foshan, a city in Guangdong province. Mr. Osamu Iwabuchi, General Manager of Mitsubishi Electric (Guangzhou) Compressor Co., Ltd., Mr. Zhang Shenghao, Representative of Hyundai Corporation (Korea) in China, representatives fr...
2007 World Air Conditioner Market
The growth of the global economy remained solid in 2007, which represented certainly a very significant expansion of the global economy. Heat waves swept across almost the whole northern hemisphere in this summer. The hot AC market in Europe, the continuous growth of the Chinese AC companies all co...
ICL/Broad wins world’s largest district cooling CHP project in India
International Coil Ltd (ICL), the New Delhi based EPC company, an associate concern of Coil Company Pvt. Ltd. has recently secured a US $28 million (Rs.110 crore ) contract from DLF for engineering, procurement and commissioning 36,000 tons of Broad absorption chillers along with dual fuel gas turbi...
Organised retail vs. small traditional stores
After the storm comes the calm. And so also after the violent protests by traders who felt threatened by organised retail forced Reliance Fresh to close down their new retail stores in UP, Orissa, West Bengal and Kerala, there is talk of conciliation between some state governments, the traders and t...
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