Article: CANDY GROUP ENTERS CHINESE WASHING MACHINE MARKET


AsiaInfo Services
12-17-2007
Candy Group Enters Chinese Washing Machine Market

GUANGZHOU, Dec 17, 2007 (SinoCast via COMTEX) -- Italy-based Candy Group, announced its debut in the Chinese washing machine market on December 13, 2007 as its joint venture in the country launched new products on the same day.

Last year, Candy Group acquired 75% of Guangzhou-based Jinling Electrical Co., Ltd. that is engaged in manufacturing washing machine. The two sides agreed that Jinling would keep its own brand - Jinling. The Chinese company and Candy Group will focus on supplying different products in the market, said the general manager of the Guangzhou company.

In addition, Candy Group previously said ...

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