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Gree’s Revenue 13.8 Billion RMB in 2004
Gree’s sales income and net profit in 2004 was 13.83 billion RMB yuan (about US$1.67 billion) and 420 million RMB yuan (about US$50.79 million), a 37.74% and 22.74% increase compared with that of 2003, according to the 2004 annual report by Gree.Huang Fanghua, spokesman of Gree, said that the acquis...
SHEC Merges and Acquires SLEC
Highly Group announced on Mar. 4 that Shanghai Hitachi Electrical Appliances (SHEC), 75% of whose shares are held by the company, merged and acquired (M A) Shanghai Senlin Electrical Appliances Co., Ltd. (SLEC), 75% of whose shares are also held by the company.After the merger, SLEC will be closed ...
TICA Sees Success in Hebei
After 8 years of hard work, TICA Air-conditioning has set up a solid sales network in Hebei province and its screw chiller is one of the best sellers there.TICA finished a lot of influential sample projects in Hebei province. Among them are the Juran Market, a 30,000 m2 mall selling home decorations...
Chigo Listed on the “List”
Chigo Air Conditioning Co. Ltd was listed on the 2005-2006 annual “List of the Best Brands of Export Commodities to Be Given Special Support” released by the Ministry of Commerce (MOFCOM), which passed the examination by Evaluation Committee composed of major intermediaries, Chambers of Commerce, ke...
The 3rd Asian Conference on Refrigeration and Air-Conditioning (ACRA 2006)
ACRA is a forum for experts, scholars and technicians in the HVACR fields to discuss and exchange scientific and industrial knowledge. The purpose of the conference is to advance the development of Asian HVACR technology and its applications. The conference is held every two years, and the 1st confe...
CW2005 Photo Report II (Russian HVAC&R Exhibition)
The international specialized exhibition, Climate World 2005 (CW2005) was held in Moscow from Feb 28th -March 3rd for the first time and ended successfully. The number of exhibitors exceeded 200 companies with 18 participating countries. Visitors must have felt that they were among some of the more ...
One million workers in IT industry. All need air conditioning.
The IT and software industry is now India’s No. 1 exporter and during 2004-’05 exports are slated to touch $16 billion recording a 30% growth rate. This accounts for 20% of the country’s total exports and 3.5 percent of its GDP. The number of people employed in the software services and ITeS sectors...
Some good & some bad news for AC prices
The annual Central Government budget announced by the Finance Minister on February 28, 2005 has helped to cheer up the industry because of a reduction in the maximum customs duty from 20% to 15% as well as a reduction in excise duty on air conditioners from 24% to 16%.The combined effect of these tw...
Vestel, A Leading Electric & Electronic Manufacturer in Turkey
Vestel Group, headquartered in Turkey, is comprised of seventeen companies operating in manufacturing, technology development, marketing, and distribution fields in white goods, consumer electronics and digital technologies. Vestel entered the white goods business in 1997, with the aim of diversifyi...
Sharp RAC Features Two-Split Air Stream Control
Sharp unveiled 5 models of XC series RACs for 2005 with a degerming ion discharging function.The new series has adopted a newly developed air stream control system which splits air stream into two by a louver. One side of the cool split air stream is sent up to the ceiling to create a zone where the...
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