China
TCL Vietnam Breaks Ground of New AC Plant
On February 23, TCL Vietnam broke ground on its new production base in the Vietnam Singapore Industry Park in Binh Duong Province, Vietnam. This integrated production base will deliver more superior p...
China Promotes Construction of Cold Chain Facilities for Agr
Ten state departments including the Ministry of Commerce, Ministry of Education, and Ministry of Transport have jointly released the ‘multiple channel implementation plan for expanding the sales channels of agricultural products in poverty areas’, offering a guideline to foster a long-term, stable relationship between production and sales to promote agricultural development in high-pov...
Hisense Launches Hi-Mod E Modular Chiller
At the beginning of 2019, Hisense launched Hi-Mod E series modular air-cooled chiller, which can be widely used in urban facilities such as schools, hospitals, hotels, supermarkets, and shopping malls...
TICA Announces Acquisition of Smardt
On February 22, 2019, TICA held a global strategy press conference in Nanjing to announce the acquisition of Smardt for nearly 700 distinguished guests. Smardt has been leading the magnetic-bearing...
PACs Grow by Over 15% in 2018
According to aircon.com, packaged air conditioner (PAC) had the second largest market scale in China’s commercial air conditioner market in 2018, following variable refrigerant flow (VRF) systems. PACs enjoyed a market share of over 20% in 2018, indicating over 15% year-on-year growth, thanks to installations by owners of small engineering projects, restaurants, entertainment facilities, and...
China’s RAC Market Competition Intensifies Amid Gloomy Perfo
In January 2019, room air conditioner (RAC) sales in China continued their gloomy performance from the second half of 2018. Retail sales of RACs in the month recorded more than 1.9 million units on a volume basis, falling by 11.4% year on year while recording more than RMB 7.4 billion (US$ 1.1 billion) on a value basis, dropping by 10.1% year on year. In the context of decelerated sales, price ...
Chemours Receives Industry Award and Launches New Nafion™ Me
WILMINGTON, Del., April 2, 2019 /PRNewswire/ -- The Chemours Company ("Chemours") (NYSE: CC), a global chemistry company with leading market positions in fluoroproducts, titanium technologie...
Hisense Holds VRF Customer Conference in Poland
Looking back at 2018, Hisense’s variable refrigerant flow (VRF) business grew rapidly in Eastern Europe. Hisense has established cooperative relations with local channels in markets in Poland, S...
TICA Achieves Sales Revenue of RMB 3.38 Billion in 2018
Despite facing a challenging eco-nomic environment, TICA achieved business growth with a sales revenue of RMB 3.38 billion (US$ 505 million) in 2018 and 22.2% year-on-year growth. Of these, TICA Therm...
Replace Demand for Healthy ACs Increasing
On January 29, the Chinese National Development and Reform Commission and the Ministry of Industry and Information Technology jointly issued the ‘2019 implementation plan for further optimizing ...
