Retail in Asia

In Trends

Midea invests CNY400 million to expand base in China

Chinese home appliances manufacturer Midea has signed an agreement with the government of Jingzhou and will invest an additional CNY400 million to expand its refrigerator production base in the city.

Under the agreement, over the next three years Midea will add an area of 500mu (333,300sqm) to its facilities for the production of refrigerators and freezers, as well as expanding its warehouse capacity. On the completion of this expansion, the production capacity of its Jingzhou refrigerator base will be increased by five million units per year.