China
Mitsubishi Electric Establishes Power Module JV in China
Mitsubishi Electric announced that it established a joint-venture company in China with GEM Electronics (Shanghai), a licensed manufacturer of Mitsubishi Electric power modules, to assemble and test t...
Midea New Product Promotional Tour Launches in Shenzhen
On October 10, Midea Commercial Air Conditioning’s new product promotional seminar was held in Shenzhen. Many new commercial air conditioning products debuted, drawing attention from the industry. &nb...
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...
