Midea Group to invest ₹800 Crore to setup manufacturing facility in Pune

·         The Manufacturing facility will come up over an acquired area of 43 acres
·         To set up R&D Center to develop products for India
·         Plant will be operational by end 2018
·         To create employment opportunities for over 500 people over 5 years

New Delhi, 29 June, 2017: Midea Group, a Fortune 500 company, today announced plans to invest ₹ 800 Crore to set up a manufacturing facility near Pune. The company will acquire 43 acres of land in Supa Parner Industrial Park II. Mr. Andy Gu, Vice President, Midea Group, made the announcement of a greenfield manufacturing facility for consumer Home Appliances and components. The products manufactured at the plant will cater to Midea Group’s operations in India as well as others. The facility will also evaluate export for Midea Group to other distribution locations.

Midea Group to invest ₹800 Crore to setup manufacturing facility in Pune

In line with Prime Minister Narendra Modi’s ‘Make in India’ vision, Midea Group has earmarked an investment of ₹ 800 Crore for the new facility which is expected to generate 500 jobs over 5 years. The state of the art, greenfield manufacturing facility will have a dedicated R&D centre which will design, develop and test products for the Indian market. The new facility is expected to commence commercial operations by end 2018 and is an exemplary showcase of Midea Group’s long-term commitment to the Indian market.

Mr. Andy Gu, Vice President, Midea Group, said “We are extremely happy to begin work for expanding our base in India. India is a key market in our global growth strategy and will be an important manufacturing hub in the future. Our investment is an example of Midea’s belief in the Indian market and reiterates our commitment to ‘Make in India’. The new home appliances manufacturing plant in India will enable us to offer “Designed in India” product solutions to our valued customers.”

“This manufacturing plant will further support our focus to accelerate our business and establish Midea as a significant player in the home appliance market in India.”

The highlights of the new facility will be:-
§  Production lines for home appliances including Refrigerators, Washing Machines and Water Appliance products.
§  The plant will have a capacity to manufacture Five Lakh refrigerators, Six Lakh washing machines and Ten Lakh Water Appliances products.
§  In addition Midea Group’s Parts & Components Divisions GMCC and Welling will also be setting up exclusive manufacturing facilities to manufacture Compressors & Motors for Appliances
§  Stringent environment and safety standards will be used to ensure that the India manufacturing facility is at par with global operating standards.

About Midea Group
Midea Group is a leading global player in consumer appliances, Heating, Ventilation and Air Conditioning (HVAC) systems, and robotics and industrial automation systems. Midea offers diversified products, comprising of consumer appliances (Kitchen Appliances, Refrigerators, Laundry Appliances, and various Small Home Appliances) and robotics and industrial automation. Midea is committed to improving lives by adhering to the principle of “Creating Value for Customers”. Midea focuses on continuous technological innovation to improve products and services, and to make life more comfortable and pleasant.
Founded in 1968 in Guangdong, China, Midea has now established a global platform of more than 200 subsidiaries, over 60 overseas branches and 10 strategic business units, as well as being the majority shareholder of Kuka (95% shareholding).
In 2016, Midea Group was listed in Fortune Global 500. The sales revenue of Midea was nearly US$ 24 Billion in 2016. Midea has hundreds of millions consumers, major customers in different areas, strategic partners worldwide and about 130,000 employees in total.