Today, Haier Group Corporation (“Haier”) and the Japanese hub motor Co., Ltd. (“hub motor”) today Haier intention to order at this website in Japan, Indonesia, Malaysia, the Philippines and Vietnam, washing machines, refrigerators and other appliances business signed a memorandum (“Memorandum”). Haier acquisition involves regional hub motor in the washing machine, refrigerator R & D, manufacturing and home appliances company acquired the sales and service business, the acquisition also includes Sanyo AQUA washing machine brands and related brands. Meanwhile, the two sides “SANYO” logo use agreement. Safe in the knowledge that your new Screen Fencing will be strong and great-looking today, and for years to come. Completion of the acquisition, Haier in the Japanese market will achieve “Haier” and “AQUA” dual-brand operations; in Vietnam, Indonesia, the Philippines and Malaysia market, Haier in operation “Haier” brand, will operate simultaneously within a specified period “SANYO” brand.
“Haier’s goal is to become the world leader in white goods industry. Hub motor in the field of home appliances with superior technology accumulation and the accumulation of talent in Japan and Southeast Asia are well-run R & D, manufacturing and sales bases, the intention to purchase hub motor washing machines, refrigerators and other appliances Haier’s overall business development strategy is an important step today the signing of the memorandum marks the Haier in Japan and Southeast Asia will form two R & D centers and four manufacturing bases in six geographic localization of marketing structure will better meet the growing Southeast Asia and Japan, and changes in consumer demand and achieve future sustainable growth and we look forward to working with hub motor team effort in accomplishing this for both companies have significant landmark operation. “Haier Group Vice President Mr. Du Jingguo said.
Hub motor, vice president of the mesenchymal Corporation, said, “Haier Group, through the transfer of our washing machines and household refrigerator business, our employees involved in the transfer of protection they provide employment opportunities, and enable us to continue business development, we will continue to provide services to consumers in the regions. ”
Hale said the acquisition is completed, will maintain and enhance the hub motor strong R & D capabilities and strengths in the existing market base, increase investment, expand the product line and market share.
In addition, these matters are reached by this date the basic intention. In the future, the two sides will further consultations, the content may change, hope and knowledge.
Haier and the hub motor in the end of September 2011 is expected to sign a formal agreement. Now to complete the delivery period, the Sanyo Haier and business as usual operations, customer service will be a seamless transition.
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