BOE Technology, Wuhan Government to Invest USD6.9 Billion in TFT-LCD Display Factory

Electronic display giant BOE Technology Group Co. has signed an agreement with the municipal government of Wuhan, in China’s central Hubei province, to invest CNY46 billion (USD6.9 billion) to build a factory for 65-inch LCD TFT-LCD display modules and related projects in the city, BOE said in a...

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Xiuqiang Glasswork Plans to Raise up to USD148.8 Million, Invest in Smart Glass Business

Jiangsu Xiuqiang Glasswork Co. plans to raise USD148.8 million (CNY1 billion) in funding through a private share placement. The firm will issue shares to five previously selected investors. he proceeds will be used to build a new smart glass production line as well as fund two children' education...

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Yaskawa Electric Ramps Up Efforts to Expand Presence in China's Robotics Market

World-leading robot maker Yaskawa Electric Corp. is pushing to expand its presence in its biggest overseas market, China, Nishikawa Seigo, managing director of Yaskawa Electric China Co., told Yicai Global. Yaskawa's sales in the country leapt to JPY26.9 billion (USD242 billion) in the first...

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China’s Midea Group to invest Rs 800 crore for Pune plant for making appliances

Placing India high in its scheme of things, Chinese appliance maker Midea on Friday announced a Rs 800 crore investment to set up a manufacturing facility in Pune. The unit will have a production line for appliances such as refrigerators, washing machines and water appliance products. Spread over 43...

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Haier Now Holds 51 % Stake in Greenonetec

On 18 May 2017, Chinese-based Haier ​Group, one of the largest manufacturers of household appliances in the world, bought a 51 % stake in Austrian collector manufacturer Greenonetec, based in St Veit in southern Austria, from its sole shareholder, Robert Kanduth. Both parties share 50:50 voting...

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