Gree Electric
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| Type | State-owned enterprise |
|---|---|
| Industry | Household appliances |
| Founded | 1991 |
| Headquarters | Zhuhai, Guangdong, People's Republic of China |
| Area served | Worldwide |
| Key people | Zhu Jianghong (Chairman) Dong Mingzhu (CEO) |
| Products | Major appliances, Small appliances |
| Revenue | US$6.2 billion (2010) |
| Employees | 40,000 |
| Parent | Zhuhai Gree Corporation |
| Website | www.gree.com.cn |
Gree Electric Appliances Inc. (Chinese: 珠海格力电器股份有限公司) (SZSE: 000651) is a Chinese major appliance manufacturer headquartered in Zhuhai, Guangdong. It is the world's largest residential air-conditioner manufacturer.[1] The Company offers two types of air conditioner: household air conditioners and commercial air conditioners. The Company also provides electric fans, water dispensers, heaters, rice cookers, air purifiers, water kettles, humidifiers and induction cookers, among others. The Company distributes its products within China’s domestic market and to overseas markets under the brand name of Gree.
History
Gree was established in Zhuhai, Guangdong in 1989 with its former name of Zhuhai City Haili Cooling Engineering Company Limited. It was restructured and renamed to Gree Electric Appliances Inc, of Zhuhai in 1992. The company started as a nameless factory with 200 employees and annual production of less than 20,000 units.[1]
It was listed on the Shenzhen Stock Exchange in 1996.[2] The company grew 46% in 2008, notwithstanding the global recession, booking $23 billion in contract sales.[1] The company is a multinational enterprise with 40,000 employees and annual production of 20 million units.[1] 64% of the company is owned by the Chinese government, while 36% by other parties.[1] In April 2011, Gree announced first-quarter net income rose 46 percent from a year earlier to 934.7 million Yuan.[3]
Products
Gree makes air-conditioners of all types,[4] and small household appliances.
References
- ^ a b c d e Businessweek.com. "Businessweek.com." Guangdong Visions: Forging China's Future. Retrieved on 2009-08-11.
- ^ Gree Electric Appliances Inc, of ZhuHai
- ^ "China Stocks: Air China, Chalco, Chengde Lolo, Gree Electric - Bloomberg". bloomberg.com. 2011 [last update]. Retrieved 19 May 2011.
- ^ Brief Introduction Gree Official Site
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