May 25, 2017 10:36 PM ET

Household Durables

Company Overview of Haier Group Corporation

Company Overview

Haier Group Corporation, through its subsidiaries, manufactures home appliances. The company manufactures home appliances, such as refrigerators to washers, freezers, and color TV sets; and consumer electric appliances and integrated kitchenware, including cabinets for drinks, air conditioners, washing machines, water heaters, electric kitchenware (exhaust fans, cooking utensils, sterilizing cabinets, baking ovens, steamers, microwave ovens and dishwashers, etc.), small scale electrical household appliances (coffee machines, toasters, blenders/juicers/hand-mixers, cup warmers and electric water heaters, etc.), televisions and integrated kitchen cabinets, etc. It also offers advertising, incl...

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: 67
Executive Vice President and Executive Director
Age: 50
Vice President and Executive Director
Age: 58
VP, Sales Director of Pegasus Qingdao, Deputy GM of Pegasus Qingdao and Executive Director
Age: 49
Executive Director
Age: 46
Compensation as of Fiscal Year 2016.

Haier Group Corporation Key Developments

Haier Launches Magnetic Bearing Centrifugal Chiller Unit with 4200RT

Haier Central Air-Conditioning(Haier CAC), a business unit of Haier Group Corporation, debuted its magnetic bearing centrifugal chiller unit with 4200RT, at the 28th China Refrigeration Exhibition held in Shanghai New International Expo Center on April 12. One unit can cool a 100,000-square-meter, a feat unmatched to date, while the Integrated Part Load Value (IPLV), the indicator of efficiency at full load conditions, measures 13.18. The new unit brings the application of magnetic levitation technology in the refrigeration sector to an entirely new level. At variance with traditional central air-conditioning, the maglev unit is oil and friction free, consumes 50% less energy and has a 30-year-long service life, twice as long as traditional units. As a result of these advances, magnetic bearing centrifugal chiller is taking the front seat in terms of becoming one of the key development directions for the central air conditioning industry. In terms of intelligence technology, the unit is equipped with the self-cleaning Driverless maglev system, a system that is fully automated to the point of requiring no human intervention for upkeep and maintenance during the entire life cycle, and requires half the power consumption of traditional units when in operation.

GE Appliances Mulls Sale Of Home Appliance Service; Haier Reportedly Potential Suitor

GE Appliances Inc. may sell some assets. According to the media report, GE hopes to sell home appliance service as soon as possible, staring off first round of bidding invitation, luring investors like Haier Group Corporation, making offers higher than $3.3 billion made by Electrolux AB (OM:ELUX B), earlier. GE’s Executive President, Jeffrey Immelt indicated that bidders included makers and financial institutions and the bidding will be completed in early 2016. According to the news report, GE spokesperson and Haier representative both declined to make comments.

Investors Reportedly Mulls Acquisitions Of Stake In Fisher & Paykel

Archer Capital Pty Ltd. and Maui Capital Limited have reportedly joined forces and are preparing to table a final bid to acquire stakes in Fisher & Paykel Finance Limited, as per Street Talk. UBS Group AG (SWX:UBSN) is advising the consortium. FlexiGroup Limited (ASX:FXL), advised by Citigroup Inc. (NYSE:C)., had been regarded as the frontrunner to take out Fisher & Paykel. Fisher & Paykel's owner Haier Group Corporation is calling for final bids next month, with the asset expected to fetch up to NZD 300 million. Credit Suisse affiliate First NZ Capital is running the sale.

Recent Private Companies Transactions

Type
Date
Target
Private Placement
August 11, 2016
Foshan Kachagou Information Technology Co., Ltd.
 

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