Nanjing, Jiangsu – China’s Skyworth Group set foot in white goods in 2010, and on 18 November, 2014 opened its first white goods park in Nanjing, Jiangsu province with 3m unit/year refrigerator capacity and 0.5m unit/year freezer capacity.
The park has 200,000m² total area and has received RMB1bn ($163m) investment, with equipment imported from Germany, Italy and Japan, according to the group’s website.
Skyworth is best known in China for its moulds, TVs, mobile phones, and security products and is late to the domestic refrigeration market. The group plans to use its existing sales network with 16,000 outlets and expects white goods to bring in RMB10bn annual revenue by 2020.
XE Currency Conversion: 9 December, 2014