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Haier
Haier Group Corporation () is a Chinese multinational home appliances and consumer electronics company headquartered in Qingdao, Shandong. It designs, develops, manufactures and sells products including refrigerators, air conditioners, washing machines, dryers, microwave ovens, mobile phones, computers, and televisions. The home appliances business, namely Haier Smart Home, has seven global brands – Haier, Casarte, Leader, GE Appliances, Fisher & Paykel, Aqua and Candy. According to data released by Euromonitor, Haier was the number one brand globally in major appliances for 10 consecutive years from 2009 to 2018. The Haier brand was also recognized by BrandZ in 2019 as the most valuable IoT ecosystem brand in the world with a brand value of $16.3 billion. In 2019, Haier Smart Home ranked 448 on Fortune's Global 500 list with a revenue of $27.7 billion. Haier Group also consisted of two listed subsidiaries in three exchanges: Haier Smart Home (; ex-Qingdao Haier Co., Ltd. ...
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Zhang Ruimin
Zhang Ruimin (; born 5 January 1949) is the founder of Haier Group. He is currently the chairman of the board and chief executive officer of Haier Group. Zhang was appointed the director of Qingdao Refrigerator Factory, predecessor of Haier Group, in December 1984. In 1988, under his leadership, Haier won the first national gold medal for quality in China's refrigerator industry history. Zhang Ruimin transformed Haier from a small, failing collective factory, to an Internet of Things (IoT) ecosystem brand. In 1998, Zhang Ruimin spoke at Harvard University, becoming the first Chinese business leader to appear on the Harvard podium. He has received management attention and praise at home and abroad for his continuous management model innovations. He created the Rendanheyi model – which encompasses management thinking and models with Chinese characteristics for universal application. Gary Hamel described him as "a CEO representative of the Internet era". Early life Zhang Ruim ...
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GE Appliances
GE Appliances is an American home appliance manufacturer based in Louisville, Kentucky. It has been majority owned by Chinese multinational home appliances company Haier since 2016. It is one of the largest appliance companies in the United States and manufactures appliances under several brands, including GE, GE Profile, Café, Monogram, Haier and Hotpoint (Americas only, European rights held by Whirlpool Corporation). The company also owns FirstBuild, a co-creation community and micro-factory on the University of Louisville's campus in Louisville, Kentucky. Another FirstBuild location is in South Korea, and a FirstBuild location in India opened its doors in 2019. The company was owned by General Electric until 2016, and it was previously known as GE Appliances & Lighting and GE Consumer & Industrial. Haier has the right to use the GE brand name until 2056. History GE Appliances was originally a part of General Electric, a company which began marketing a full roster of heating ...
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Hotpoint
Hotpoint is a British brand of domestic appliances. Ownership of the brand is split between American company Whirlpool, which has the rights in Europe, and Chinese company Haier, which has the rights in the Americas through its purchase of GE Appliances in 2016. History Pacific Electric Heating Company The company name Hotpoint comes from the ''hot point'' of the innovative first electric iron. Invented by American, Earl Richardson (''1871–1934'') in 1905, he subsequently formed his 'Pacific Electric Heating Company' in Ontario, California, in 1906. The device became known as the ''Hotpoint'' iron, with its hottest point at the front and not the center Hotpoint Hotpoint was founded in 1911 by Earl Richardson. Hotpoint Electric Heating Company In 1912, the company began making electric irons, and in 1919, electric cookers in the United States. Earl Richardson also invented the first iron that switched off automatically when a maximum temperature was reached. It is c ...
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Fisher & Paykel
Fisher & Paykel Appliances Holdings Ltd () is a major appliance manufacturer which is a subsidiary of Chinese multinational home appliance manufacturer Haier. It is a multinational corporation based in East Tāmaki, New Zealand. Originally an importer of domestic refrigerators, Fisher & Paykel now holds over 420 patents and bases its identity on innovative design, particularly in the areas of usability and environmental awareness. The company's trademarked appliances include Active Smart refrigerators, AeroTech ovens, DishDrawer dishwashers, Smart Drive washing machines and Smartload top loading dryers. The company also manufactures gas and electric cooktops. In 2004, Fisher & Paykel Appliances purchased the United States-based cookware manufacturer Dynamic Cooking Systems, and Italian cookware company Elba in 2006. Fisher & Paykel had grown into a global company operating in 50 countries and manufacturing in Thailand, China, Italy and Mexico. The company had a manufactur ...
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Candy (company)
Candy is an Italian domestic appliance maker and is a subsidiary of Chinese multinational home appliances company Haier. It is based in Brugherio, near Milan. Candy's appliances are better known through their continued marketing of the Hoover and Kelvinator brands. Over 80% of sales are outside Italy. Early history Back in 1945, the Eden Fumagalli Mechanical Workshop in Monza, manufacturers of precision machine instruments, designed the ''Model 50'', the first all-Italian washing machine, which was launched officially at the Milan Trade Fair in 1946. In that same year, the Candy company was established. The venture into household appliances began when Enzo, one of the three Fumagalli brothers, mailed from the United States, where he was a prisoner of war, rough drawings of a washing machine. His brother Niso, who had started the appliance operations with their father Eden, engineered the switch to the development and production of washing machines. Peppino, the younger brother, ...
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The Hoover Company
The Hoover Company is a home appliance company founded in Ohio, United States. It also established a major base in the United Kingdom; and, mostly in the 20th century, it dominated the electric vacuum cleaner industry, to the point where the Hoover brand name became synonymous with vacuum cleaners and vacuuming in the United Kingdom and Ireland. Hoover North America was once part of Maytag, but was sold by Maytag's new owners Whirlpool Corporation in 2007 to Hong Kong multinational manufacturing company Techtronic Industries for $107 million. Hoover International had already split from Hoover North America in 1993, and was acquired by Candy in 1995, which was acquired by Haier in 2019. In addition to producing floorcare products, Hoover was also an iconic domestic appliance brand in Europe, particularly well known for its washing machines and tumble dryers in the UK and Ireland, and also had significant sales in many parts of Europe. Today, the Hoover Europe brand, as part o ...
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Qingdao
Qingdao (, also spelled Tsingtao; , Mandarin: ) is a major city in eastern Shandong Province. The city's name in Chinese characters literally means " azure island". Located on China's Yellow Sea coast, it is a major nodal city of the One Belt, One Road (OBOR) Initiative that connects Asia with Europe. It has the highest GDP of any city in the province. Administered at the sub-provincial level, Qingdao has jurisdiction over seven districts and three county-level cities (Jiaozhou, Pingdu, Laixi). As of the 2020 census, Qingdao built-up (or metro) area made of the 7 urban Districts (Shinan, Shibei, Huangdao, Laoshan, Licang, Chengyang and Jimo) was home to 7,172,451 inhabitants. Lying across the Shandong Peninsula and looking out to the Yellow Sea, it borders the prefecture-level cities of Yantai to the northeast, Weifang to the west and Rizhao to the southwest. Qingdao is a major seaport and naval base, as well as a commercial and financial center. It is home to electronics mu ...
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Shandong
Shandong ( , ; ; alternately romanized as Shantung) is a coastal province of the People's Republic of China and is part of the East China region. Shandong has played a major role in Chinese history since the beginning of Chinese civilization along the lower reaches of the Yellow River. It has served as a pivotal cultural and religious center for Taoism, Chinese Buddhism and Confucianism. Shandong's Mount Tai is the most revered mountain of Taoism and a site with one of the longest histories of continuous religious worship in the world. The Buddhist temples in the mountains to the south of the provincial capital of Jinan were once among the foremost Buddhist sites in China. The city of Qufu is the birthplace of Confucius and was later established as the center of Confucianism. Confucianism developed from what was later called the Hundred Schools of Thought from the teachings of the Chinese philosopher Confucius. Shandong's location at the intersection of ancient and modern n ...
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Sanyo
, stylized as SANYO, is a Japanese electronics company and formerly a member of the Fortune Global 500, ''Fortune'' Global 500 whose headquarters was located in Moriguchi, Osaka, Moriguchi, Osaka prefecture, Japan. Sanyo had over 230 subsidiaries and affiliates, and was founded by Toshio Iue in 1947. On December 21, 2009, Panasonic completed a 400 billion yen ($4.5 billion) acquisition of a 50.2% stake in Sanyo, making Sanyo a subsidiary of Panasonic. In April 2011, Sanyo became a wholly owned subsidiary of Panasonic, with its assets integrated into the latter's portfolio. History Beginnings Sanyo was founded when Toshio Iue the brother-in-law of Konosuke Matsushita and also a former Panasonic Corporation, Matsushita employee, was lent an unused Matsushita plant in 1947 and used it to make bicycle generator lamps. Sanyo was incorporated in 1949; in 1952 it made Japan's first plastic radio and in 1954 Japan's first pulsator-type washing machine. The company's name means ''thre ...
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Clothes Dryer
A clothes dryer, also known as tumble dryer or simply dryer, is a powered household appliance that is used to remove moisture from a load of clothing, bedding and other textiles, usually shortly after they are washed in a washing machine. Many dryers consist of a rotating drum called a "tumbler" through which heated air is circulated to evaporate the moisture, while the tumbler is rotated to maintain air space between the articles. Using these machines may cause clothes to shrink or become less soft (due to loss of short soft fibers). A simpler non-rotating machine called a "drying cabinet" may be used for delicate fabrics and other items not suitable for a tumble dryer. Drying at a minimum of heat for thirty minutes kills many parasites including house dust mites,Mahakittikun, V; Boitano, JJ; Ninsanit, P; Wangapai, T; Ralukruedej, K (December 2011). "Effects of high and low temperatures on development time and mortality of house dust mite eggs". Experimental & Applied Acarology. ...
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Microwave Oven
A microwave oven (commonly referred to as a microwave) is an electric oven that heats and cooks food by exposing it to electromagnetic radiation in the microwave frequency range. This induces polar molecules in the food to rotate and produce thermal energy in a process known as dielectric heating. Microwave ovens heat foods quickly and efficiently because excitation is fairly uniform in the outer of a homogeneous, high-water-content food item. The development of the cavity magnetron in the UK made possible the production of electromagnetic waves of a small enough wavelength (microwaves). American engineer Percy Spencer is generally credited with inventing the modern microwave oven after World War II from radar technology developed during the war. Named the "Radarange", it was first sold in 1946. Raytheon later licensed its patents for a home-use microwave oven that was introduced by Tappan in 1955, but it was still too large and expensive for general home use. Sharp Corpo ...
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Air Conditioners
Air conditioning, often abbreviated as A/C or AC, is the process of removing heat from an enclosed space to achieve a more comfortable interior environment (sometimes referred to as 'comfort cooling') and in some cases also strictly controlling the humidity of internal air. Air conditioning can be achieved using a mechanical 'air conditioner' or alternatively a variety of other methods, including passive cooling or ventilative cooling. Air conditioning is a member of a family of systems and techniques that provide heating, ventilation, and air conditioning (HVAC). Heat pumps are similar in many ways to air conditioners, but use a reversing valve to allow them to both heat and also cool an enclosed space. Air conditioners, which typically use vapor-compression refrigeration, range in size from small units used within vehicles or single rooms to massive units that can cool large buildings. Air source heat pumps, which can be used for heating as well as cooling, are becoming increa ...
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