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In 1991, the company changed its name to "Qingdao Haier Group" and acquired Qingdao Air Conditioner Plant and Qingdao Freezer. [8] The company's name was simplified to its current name "Haier" in 1992. [8] In 1995, the company took over Qingdao Red Star Electronics Co., a washing machine manufacturer, along with five of its subsidiaries. [12]
In 2004, Haier began manufacturing home appliances in Pakistan, including microwave ovens. [1] In 2015, Haier invested $5 million to establish a mobile phone assembly plant in Lahore, which would annually manufacture over 1.5 million cellphones for the Pakistani market. [3] In 2017, Haier established a plant to assemble laptops in Pakistan. [4]
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 ...
Fisher & Paykel Appliances Holdings Limited (/ ˈ p aɪ k əl /) is a major appliance manufacturer founded in 1934. [3] It is a subsidiary of Chinese multinational home appliances company Haier [3] and is based in East Tāmaki, New Zealand.
However, Trump has also promised to reduce what he has called unnecessary regulations upon housing development, which could take as much as $90,000 off the price of a new home.
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WASHINGTON (Reuters) -President-elect Donald Trump said on Saturday the U.S. should not be involved in the conflict in Syria, where rebel forces are threatening the government of President Bashar ...
In the mid-1990s, Dawlance began manufacturing air conditioners, microwave ovens, washing machines and water dispensers in Pakistan. [5] In 2015, Dawlance had a revenue of $220.6 million selling product's in Pakistan and Middle East. Similarly, its EBITDA earnings amounted to $45 million.