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Haier was founded as Qingdao Refrigerator Co. in 1984. With China opening up to world markets, foreign corporations began searching for partnerships in China. One of these, Germany's refrigerator company Liebherr, entered into a joint-venture contract with Qingdao Refrigerator Co., offering technology and equipment to its Chinese counterpart.
On June 6, 2016, Qingdao Haier (now Haier Smart Home Company) acquired GE Appliances for $5.6 billion. Under the terms of the sale, Haier has the right to use the GE brand name until 2056. GE Appliances launched a refreshed tagline ("good things, for life") in 2017, [ 14 ] [ 15 ] [ 16 ] a nod to its history with General Electric, which used the ...
The Mitsubishi model was the first air conditioner with a cross-flow fan. [64] [65] [66] In 1969, the first mini-split air conditioner was sold in the US. [67] Multi-zone ductless systems were invented by Daikin in 1973, and variable refrigerant flow systems (which can be thought of as larger multi-split systems) were also invented by Daikin in ...
Candy is an Italian domestic appliance maker and is a subsidiary of Chinese multinational home appliances company Haier.It is based in Brugherio, near Milan.. Candy's appliances are better known through their continued marketing of the Hoover and Kelvinator brands.
packaged terminal air conditioner An air conditioner and heater combined into a single, electrically powered unit, typically installed through a wall and often found in hotels. Abbreviated PTAC. PAG Polyalkylene glycol is a synthetic oil used in A/C systems to lubricate the compressor. Most all newer model cars use PAG as the lubricant in the A ...
A group of Republicans recently introduced a bill to repeal the Impoundment Control Act. It would hand Trump more control over government spending — he could even unilaterally cut it off.