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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.
It became known as the Edison General Electric Co. in 1931. Most Hotpoint production moved to GE's mammoth Appliance Park manufacturing complex in Louisville, Kentucky in the beginning of the 1950s. To this day, many Hotpoint appliances are made at Louisville, and as of 2013 [update] was the largest appliance plant in the world.
It sells products domestically under its own name, while the majority of its export business is as an OEM and ODM for many well-known global brands. In recent years, Midea has begun launching its own brand in a growing number of foreign markets, such as Brazil, Argentina, Chile, India, Egypt, and most countries in Southeast Asia. [21] [22] [23 ...
On June 6, 2016, Qingdao Haier (now Haier Smart Home Company) acquired GE Appliances for $5.6 billion. Under the terms of the sale, Haier has the right to use the GE brand name until 2056. GE Appliances launched a refreshed tagline ("good things, for life") in 2017, [ 14 ] [ 15 ] [ 16 ] a nod to its history with General Electric, which used the ...
The company had a manufacturing base in Australia for almost 20 years and nearly 70 years in New Zealand, but stated it can no longer compete with low cost labour countries and had to close them. [7] [8] In 2012, Haier purchased over 90% of Fisher & Paykel Appliance shares. No changes in manufacturing or board of directors were made. [9]
The company is the country's third largest manufacturer of washing machines on Asian-type platforms (i.e., vertical axle), which Candy European-type models have been added to. Early in 2007, the acquisition of Doruk with the brand Süsler in Turkey gave the Group an industrial site for cookers, hobs, ovens, both built-in and free-standing.
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.
He is best known as the CEO of Haier Pakistan and owner of MG Motors Pakistan. Afridi is also the owner of the cricket franchise Peshawar Zalmi in Pakistan Super League (PSL) and also co-founder/CEO of JoChaho. [5] Javed Afridi is a Pakistani entrepreneur and philanthropist.