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Haier was founded as Qingdao Refrigerator Co. in 1984. With China opening up to world markets, foreign corporations began searching for partnerships in China. One of these, Germany's refrigerator company Liebherr, entered into a joint-venture contract with Qingdao Refrigerator Co., offering technology and equipment to its Chinese counterpart.
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Zhang Ruimin was born on January 5, 1949, to a working class family in Qingdao, Shandong; his parents were employed in a local garment factory. [5] As a youth, Zhang joined the Red Guards, visited Mao's birthplace, and attended rallies in Beijing since all schools had been closed, and when the movement was finally disbanded, he was able to avoid being sent down to the countryside.
In 2005, Haier sought to expand its share of foreign markets by acquiring rival white-goods OEMs and by expanding overseas production capacity. With backing from two large U.S. private equity funds, Haier made a bid to acquire U.S. appliance maker Maytag for $1.28 billion. The bid failed and Maytag was bought by Whirlpool for $1.7 billion. [23]
Haier Pakistan was founded in 2001 as a joint venture between Ruba Group (now known as JW-SEZ Group) and Haier with an initial investment of US$500 million. [1] [2]In 2004, Haier began manufacturing home appliances in Pakistan, including microwave ovens.
The general manager of a Haier plant in Camden, South Carolina Bernie Tymkiw has been quoted saying, “We just don't have the brainstorming ability because of language.” [20] The cultural disconnect can prove to be a significant barrier with global companies. Supply chains are more agile using local suppliers. There is a greater control over ...
Richard J. Haier is an American psychologist who has researched a neural basis for human intelligence, psychometrics, general intelligence, and sex and intelligence. Haier is a professor emeritus in the Pediatric Neurology Division of the School of Medicine at University of California, Irvine .
KitchenAid stand mixers have been stocked at Australian department store MYER. Egmont Arens was hired in the 1930s to design a low-cost series of mixers. This resulted in the production of the KitchenAid Model "K" which featured a streamlined profile for the first time, and the KitchenAid standard design has remained relatively unchanged since ...