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May 22, 2015 6:53 AM ET

Industrial Conglomerates

Company Overview of Haier Group Corporation

Company Overview

Haier Group Corporation, through its subsidiaries, provides technology research, product development and manufacturing, trade, and financial services. The company manufactures white goods home appliances, such as refrigerators, household and commercial air conditioners, washing machines, freezers, vacuum cleaners, water heaters, kitchen wares, dishwashers, and microwave ovens, as well as audio and video products, such as televisions and DVD players. It also offers communication and information products, including smartphones, mobile phones, computers, and digital information products; medical raw materials, tablets, capsules, granules, oral liquids, medicine powders for injection, lyophilize...

NO.1 Haier Road

Hi-tech Zone

Qingdao,  266101

China

Founded in 1984

Phone:

86 53 2889 39999

Fax:

86 53 2889 38666

Key Executives for Haier Group Corporation

Chairman and Chief Executive Officer
Age: 65
Executive Vice President and Executive Director
Age: 48
Vice President and Executive Director
Age: 56
Vice President, Sales Director of Pegasus Qingdao, Deputy General Manager of Pegasus Qingdao and Executive Director
Age: 47
Executive Director
Age: 44
Compensation as of Fiscal Year 2014.

Haier Group Corporation Key Developments

Haier Group Seeks Acquisitions

Haier Group Corporation is looking for acquisition opportunities. Haier Group is putting big overseas acquisitions in the deep freeze, to focus on innovation and connectivity. Zhang Ruimin, Chief Executive Officer of Haier Group, said global over-capacity and a shift to advanced manufacturing in a wireless age has put off talk of large acquisitions.

Haier Group Mulls Acquisitions

Haier Group Corporation is seeking acquisitions. Li Pan , Vice President of Haier Group vice-president of, said, “Haier is exploring a possible merger and acquisition deal in India, but declined to disclose details.”

Haier Group Unveils New 3D Printed Air Conditioner

Haier Group has unveiled a new 3D printed fully functional air conditioner in Shanghai, China. Building the object layer by layer, 3D printing allows unprecedented user customization. Every user can parametrically adjust their own model, depending on his/her taste and requirements. Each model is a unique piece. Users can also customize the LCD screen used for displaying the temperature and status. The Chinese firm said new units in the future will come with 3D printed computer boards features, enabling users to further customize accordingly. The move by the Chinese company may prove the potential use of 3D printing technology for a wide range of industries.

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
January 14, 2015
Haier Group Corporation, Activity For Reverse-Osmosis Water Purification Devices
Private Placement
August 28, 2014
Haier Group Finance Co., Ltd.
 

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