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Cairo, Egypt
- Their first joint venture is based in Cairo, Egypt, under the name of Miraco Carrier.
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Their first joint venture is based in Cairo, Egypt, under the name of Miraco Carrier. The next year, Midea and Carrier continued on this course, forming a collection of closely networked joint venture companies in Brazil, Argentina and Chile, and another one separately in India.
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Established in 1968, Midea (SZ:000333) is a publicly listed and, ranked as a Forbe's Global Fortune 500 company (#278). Midea offers one of the most comprehensive ranges in the home appliance industry.
Midea Group’s business goes beyond home appliances and comprises business pillars like HVAC, robotics and automation, smart home and IoT, as well as smart logistics and components. All businesses of Midea Group are striving for one credo: #HumanizingTechnology.
Their first joint venture is based in Cairo, Egypt, under the name of Miraco Carrier. The next year, Midea and Carrier continued on this course, forming a collection of closely networked joint venture companies in Brazil, Argentina and Chile, and another one separately in India.
- A World Class Operation
- A True Global Player
- A Decade of Growth
- International Recognition
- Five Star Success Stories
Established in 1968, Midea is one of the world’s fastest growing companies– ranked number 245 by Fortune Global 500 in 2022 – and a global manufacturer with factories in twelve countries across the world.
With facilities in China, USA, Japan, Germany and Italy, Midea boasts an annual global HVAC capacity of over 52 million systems. In 2019 HVAC total global sales output reached over 40 million systems. This affirms Midea’s place as the WORLD’S No 1 MANUFACTURER of HVAC products.
Midea annual sales in the last ten years have grown from $12bn to $40bn per annum based on a simple strategy of providing innovative, affordable, robust and reliable air conditioning products. With automated production facilities in twelve countries, served by Midea owned German robotic automation, Midea provide GLOBAL manufacturing accuracy that i...
Having achieved over 40 design awards including reddot, iF, and the Good Design Awards, Midea also became the first manufacturer to receive the Eco-Friendly Blue Angel certification from the German environment agency after launching the world’s first eco-friendly air conditioner.
With an operating temperature range, from -32oC to +67oC, Midea is the perfect choice for air conditioning in some of the world’s harshest climates. This is demonstrated by a host of high profile customer success stories including the 2016 Rio de Janeiro Olympic Games, the 2018 FIFA World Cup in Russia and some of the largest VRF projects in the wo...
Midea Group became the first company in mainland China that successfully privatized the listed company and the group went public. 2016 Midea acquired 80.1 % equity of Toshiba Lifestyle Products & Services Corporation and acquired 80% equity of Clivet.
Feb 12, 2024 · The History of Midea: From Humble Beginnings to Global Success. Midea was founded in 1968 by He Xiangjian in Guangdong, China. What started as a small workshop manufacturing bottle lids has transformed into one of the world’s largest appliance manufacturers.
