Qingdao Haier Net Worth is4.3 $Billion
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Company Name: Haier Group
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Haier Group (simplified Chinese: aeu?a??; traditional Chinese: aeu?c? 3/4 ; pinyin: HC?i'A?r) (SEHK: 1169, SSE: 600690) is a Chinese multinational consumer electronics and home appliances company headquartered in Qingdao, Shandong, People's Republic of China. Its products include air conditioners, mobile phones, computers, microwave ovens, washing machines, refrigerators, and televisions. In 2011 the Haier brand had the world's largest market share in white goods, with 7.8 per cent.
The origins of Haier date back long before the actual founding of the company. In the 1920s, a refrigerator factory was built in Qingdao to supply the Chinese market. After the 1949 establishment of the People's Republic of China, this factory was then taken over and turned into a state-owned enterprise.
By the 1980s, the factory had debt of over CNY A?1.4 million and suffered from dilapidated infrastructure, poor management, and lack of quality controls, resulting from the planned economic system and relevant policies. Production had slowed to a trickle, rarely surpassing 80 refrigerators a month, and the factory was close to bankruptcy. In desperation, the Qingdao government turned to a young assistant city-manager, Zhang Ruimin, responsible for a number of city owned appliance companies. Zhang was appointed the managing director of the factory in 1984.
Zhang was an avid reader of Western and Japanese business practices and management techniques. When he arrived in 1984, Zhang realized that the poor condition of the factory's quality controls was endangering its continued survival.
In 1985, a customer brought a faulty refrigerator back to the factory and showed it to Zhang. Zhang and the customer then went through his entire inventory of 400 refrigerators looking for a replacement. In the process he discovered that there was a 20 percent failure rate in his merchandise. To emphasize the importance of product quality, Zhang had the 76 dud refrigerators lined up on the factor

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Pei Hua Wang, 57 Chairman-Supervisory Board Qingdao Haier Co. Ltd. Hai Shan Liang, 49 Chairman & General Manager A-Share Co., Ltd., Beijing Haier Logistics Co., Ltd., Qingdao Haier Investment & Development Holdings Ltd. /VG/, Chongqing Haier Drum Washing ...
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HollySys Automation Technologies' (HOLI) CEO Baiqing Shao on Q2 2017 Results - Earnings Call Transcript

We are currently running testing products -- projects for some renowned domestic enterprises, including an automation-and-intelligence boosting project for Haier's Tianjin-based and Qingdao-based wash machine factories, and another product -- project for ...
Posted: August 14, 2017, 6:00 am

Qingdao Haier : Buys Haier Group Subsidiary Abroad

06/29 QINGDAO HAIER: GE Appliances Announces New Leadership Appointments 06/22 QINGDAO HAIER: GE Appliances Announces New Leadership Appointments 06/21 DJ GENERAL ELECTRIC: Correction to GE Appliances CEO Blankenship Leaving Post Arti.. 06/21 DJ QINGDAO ...
Posted: June 21, 2017, 3:22 am
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