China
Price of Inverter Compressors Increase by 10–20%
In early September, China’s domestic air conditioning enterprises have received the price increase notice for inverter compressors from many compressor manufacturers. As disclosed by compressor manufa...
Opportunity and Risk with RMB Appreciation
The appreciation of RMB is favorable for asset acquisition, but for the Chinese air conditioning industry, suppliers will suffer from currency exchange loss when they export products and components abroad. Currencies from other developing countries are depreciating against the U.S. dollar, while the RMB is appreciating. Therefore, the cost advantages of overseas assembly plants will be weakened co...
Xi’an City Announces Building Energy-saving Plan
On October 13, the Xi’an Urban and Rural Construction Commission announced the Xi’an City Building Energy-saving Plan during the 12th Five-year plan. By the end of 2015, Xi’an will complete the heating measurement reconstruction project in all existing buildings with centralized heating system. By 2015, the implementation rate of energy-saving designs in new buildings will reach 100%; the area of ...
Strategic Alliance Established in Shandong
Inaugural conference of Shangdong technology innovation strategic alliance for geothermal energy utilization and waste heat recovery (WHR) industryOn September 17, the inaugural meeting of the Strat...
Broad-Ocean Motor to Secure the Rare Earth for High-perfoman
Broad-Ocean Motor announced the plans to invest RMB 102 million (US$ 16 million) in Ningbo Co-Star Materials Hi-Tech on September 24. Though this additional capital investment and acquisition of other shareholders’ stock, Broad-Ocean Motor will hold 51% of the shares of Ningbo Co-Star.This vertical integration of Broad- Ocean Motor will strengthen its leading position in the industry. Ningbo Co-St...
Xinjiang Starts Construction of Cold Chain Distribution Cent
The Xinjiang Haihong first food cold chain distribution center in the Economic and Technology Development Zone of Urumqi City started construction on September 29. This center integrates food processi...
Wuxi to Promote Household Heat Pump Water Heater Market
The air-source heat pump water heater has been included in the purchasing list of energy-saving and environmentally- friendly products from the Wuxi City Government. According to industry experts, the household market should be the main promotional target of this product since water heaters are a necessary home appliance. Only after the household market is well developed it could be said that air-...
Shanghai Society of Refrigeration Holds 30th Annual Seminar
To celebrate the 30th anniversary of the Shanghai Society of Refrigeration (SSR), SSR held an academic seminar at Shanghai Science Mall on October 16. About 200 participants attended the seminar, incl...
Qingdao Eco Town to Receive Strong National Support
According to sources, experts organized by the Ministry of Housing and Urban-Rural Development and the Ministry of Finance recently completed an audit of the consumption-based heating fee mechanism practiced by the Qingdao International Eco- Intelligent Town. The Eco-Intelligent Town also passed the first-level review of the national large-scale application demonstration project of renewable energ...
Severe Inventory Problem Puts High Pressure on Domestic AC I
In 2010, all domestic air conditioner manufacturers were actively expanding their production capacities. However, sales have not taken off in the 2011 refrigeration year. Industry observers warned that the inventory level was at a 10 year high. Data from All View Consulting released on October 10 indicates that the current inventory level of the air conditioner industry was 32.2% higher than that ...
