Gree Electric
Gree logo
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Gree store in Nanchang
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| Traded as | : 000651 |
| Industry | Electronics, Household appliances |
| Founded | 1989 |
| Headquarters | Zhuhai, China |
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Area served
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Worldwide |
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Key people
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Dong Mingzhu (Chairwoman & President) |
| Products | Major appliances, Small appliances |
| Owner | Gree Group (18.22%) |
| Website | www.gree.com.cn |
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Footnotes / references |
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| Gree Electric Appliances Inc. of Zhuhai | |||
| Simplified Chinese | 珠海格力电器股份有限公司 | ||
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| Traditional Chinese | 珠海格力電器股份有限公司 | ||
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| Transcriptions |
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Gree Electric Appliances Inc. of Zhuhai is a Chinese major appliance manufacturer headquartered in Zhuhai, Guangdong province. It is the world's largest residential air-conditioner manufacturer. The Company offers two types of air conditioner: household air conditioners and commercial air conditioners. The Company also provides electric fans, water dispensers, heaters, rice cookers, air purifiers, water kettles, humidifiers and induction cookers, among others. The Company distributes its products within China’s domestic market and to overseas markets under the brand name of Gree.
Gree was established in Zhuhai, Guangdong in 1989 with its former name of Zhuhai City Haili Cooling Engineering Company Limited (Chinese: 珠海市海利冷气工程股份有限公司). It was restructured and renamed to Gree Electric Appliances Inc, of Zhuhai in 1994. The company started as a nameless factory with 200 employees and annual production of less than 20,000 units.
It was listed on the in 1996. The company grew 46% in 2008, notwithstanding the global recession, booking $23 billion in contract sales. The company is a multinational enterprise with 70,000 employees and annual production of 65.5 million units. In April 2011, Gree announced first-quarter net income rose 46 percent from a year earlier to 934.7 million Yuan.
Gree makes air-conditioners of all types, and small household appliances.
Gree's Chairwoman is Dong Mingzhu--or "Sister Dong" as she is known in China. She was appointed CEO in 2009. She joined the company in 1990. Dong was the chairwoman of the largest shareholder, Gree Group until November 2016.Gree Group was a subsidiary of Zhuhai Municipal People's Government (the local government of Zhuhai).
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Wikipedia