Midea: Ready for new energy saving standards

• Published 06 May 2010

A significant proportion of Midea's air conditioner models meet new efficiency standards making it eligible for hefty subsidies.

Background:GD Midea Holding Co (000527:SZ), is a major Chinese white goods manufacturer specialising in air conditioners, for which it holds the biggest market share after the market leader Gree (000651:SZ). It also makes refrigerators, freezers and washing machines. The company has five production units across China, 8,000 distribution points and three overseas sales centres. Exports made up almost 30% of sales last year.

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