Midea Kitchen Appliance Division is affiliated to Midea Group, one of the largest household appliance manufacturers in China. Founded in 1968, Midea is one of the world’s largest kitchen appliance suppliers with annual sales revenue exceeding $23 billion, the world’s No.1 major appliances manufacturer according reported by Euromonitor[i] and is the world’s No. 1 microwave oven and No. 3 dishwasher manufacturer. It operates three production bases and two R&D centers in China in addition to a production base in Belarus and R&D centers in Bologna, Italy and Louisville, Kentucky.
Established in 1968, Midea (SZ: 000333) is a publicly listed, Fortune 500 company, that offers one of the most comprehensive ranges in the home appliance industry. Midea specializes in air treatment, refrigeration, laundry, large cooking appliances, kitchen appliances, water appliances, floor care and lighting. Headquartered in Southern China, Midea is a truly global company with over 126,000 employees and operations in more than 200 countries. The company has 21 production facilities and 260 logistics centers worldwide. After nearly 50 years of continued growth, Midea now generates annual revenue of more than USD23 billion.
Other brands Midea owns
Little Swan is a well-known brand engaged in the manufacture of home appliances, particularly washing machines. It is among the 20 most valuable brands in China, with valuation estimated at 15.02 Billion RMB by R&F Business Ranking 2010. The company was established in 1958, when it stood alone as the first washing machine manufacturer in China. Little Swan was acquired by Midea in 2010.
MDV was created in 1999 under Midea’s Commercial Air-Conditioning (CAC) Division as a professional climatic solution brand for sales via specialized air-conditioning companies. MDV’s brand portfolio (range of products produced under MDV brand) consists of cutting-edge technology and commercial and industrial equipment. These include VRF (variable refrigerant flow) systems, chillers and fan-coils, compressor condensing units, light commercial air-conditioners, used in commercial segment. Focusing on the professional channel for more than 10 years, MDV brand is recognized worldwide as one “professional HVAC solutions.”
Hualing is one of China’s best known and most respected appliances brands. It was acquired by Midea in 2008. It specialises in air-conditioners and refrigerators.
Under the Welling brand, Midea Group excels in motor and driving systems. Welling products are widely applicable for use in the manufacturing of air conditioners, washing machines, refrigerators, dish-washers, small size home appliances and vehicles, and more.
As a joint venture between Midea and Toshiba-Carrier, GMCC develops compressors for the application of air-conditioning and heat pumps. This combined effort features one of the largest manufacturing operations of air-conditioning compressors in the world.