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Article: MIDEA CUTS IN MICROWAVE OVEN MARKET
- Article from:
- AsiaInfo Services
- Article date:
- July 27, 2007
CopyrightProvided by ProQuest LLC. (Hide copyright information)
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AsiaInfo Services
07-27-2007
Midea Cuts in Microwave Oven Market
BEIJING, Jul 27, 2007 (SinoCast via COMTEX) -- Midea Group, one of the largest home appliance manufacturers in China, which committed itself to the production of air-conditioners before, launched new microwave oven products successively.
Therefore, Midea was forecasted to be a menace to Galanz Group Co., Ltd. of Guangdong, one of the most outstanding home appliance makers in China, which once dominated the domestic microwave oven market for a long time.
The popularization rate of microwave oven in China's first-tier cities has already exceeded 80%. Although Galanz is ranked the first all over the world by sales, Midea ...