A Fisher & Paykel, East Tamaki, New Zealand, strategic partnership with Chinese appliance manufacturer Haier, Qingdao, Shandong province, China, created in response to the global recession’s continued impact on market conditions in May, 2009, when Haier purchased a 20-percent stake in the New Zealand company, is expected to fully extend its global reach, say the companies, while providing cost, production, and research and development benefits.
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