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China's Gree Becomes World's Largest Air-Conditioner Maker (9/20)

Shenzhen-listed Gree Electric Appliances Inc., has become the world's largest air-conditioner manufacturer with an annual production capacity of 10 million units, following the completion of its fifth-phase expansion project in Zhuhai recently.

The fifth phase expansion project at the company's head office include four main workshops involving a total investment of 180 million yuan (US$21.7 million), as well as an input of more than 100 million yuan in new equipment.

At present, the company's head office has five general assembly plant and 14 supporting factories with nearly 15,000 staff members.

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