China
RACs in China Accelerate the Shift to Alternative Refrigeran
After rapid growth during an earlier period, growth of China’s room air conditioner (RAC) industry slowed over the past two years. Meanwhile, the product mix is rapidly changing to comply with e...
Snowman Invests in Cold Chain in Xinjiang
On October 22, 2020, Snowman signed a cooperation agreement with the management committee of Horgos Economic Development Zone in Xinjiang and 468 Company, to utilize the resources and advantages of al...
Seven-Eleven Opens Its First Convenience Store in Henan Prov
Seven-Eleven opened its first convenience store covering an area of 101 m2 in Henan Province on October 23. Located in Zhengzhou, the capital city of Henan Province, the store achieved total sales of over RMB 650,000 (US$ 98,000) on the opening day, which was a record high among sales of all new Seven-Eleven stores on opening days worldwide. In December 2019, Seven-Eleven (China) Investment, a ...
Midea Enters Elevator Business Targeting Smart Buildings
Midea officially announced its entry into the elevator business. On December 11, 2020, Midea HVAC & Building Technologies Devision (Midea HBT) formally acquired Winone Elevator and held a merger a...
CAC Sales in China Show Ups and Downs by Segment in 1st Half
In the first half of 2020, the Chinese economy has gradually overcame the negative impact of the COVID-19 pandemic, and presented gradual growth. However, domestic economic recovery is still under pre...
Gree Gathers Talents for HVAC Industry
12/19/2020 On December 16, the Award Ceremony of the 4th “Golden Impeller” HVAC Design Competition was grandly held in Haikou City. “Golden Impeller” HVAC Design ...
Camfil’s state-of-the-art new facility in China meets the gr
Stockholm, Sweden, 15th December 2020 - Camfil Group is expanding its operations globally and a new state-of-the-art facility in China is in construction. This advanced facility will be one of the lar...
Rail Transport Becomes a Hot Segment in China’s CAC Market
Driven by new construction projects, rail transport has become a hot segment in the commercial air conditioner market. The contract value of metro line projects in Shenzhen alone exceeded RMB 400 mill...
Danfoss Power Solutions enters deep electrification cooperat
December 9, 2020 Electrification cooperation with major OEMs in China At bauma China 2020 on November 24-27, Danfoss Power Solutions launched its full lines of electrification products and n...
Gree Starts Operation of Commercial AC Plant in Nanjing
On September 29, the first air conditioner within the company’s intelligent manufacturing project rolled off Gree’s production line located at Nanjing Jiangning High-Tech Development Zone,...
