Hefei, Anhui - On 10 October, 2014 China's TCL opened its new park for white goods and refrigerators with 1.7m unit/year refrigerator capacity. Construction of the facilities started in April 2013.
This is the first phase of a three-phase project with refrigerator capacity amounting to 4m units/year. The park has a total area of 1.3m m² with RMB7bn ($1.1bn) investment earmarked.
Phase two construction started earlier this year and is expected to be completed within 18 months. The company plans to begin phase three in 2016 and put the whole project in operation by 2018 with RMB20bn annual production value.
The new park, focusing on mid- to high- end white goods, will benefit from local industrial clusters in the appliances sector as well as accelerate its development, according to the national Ministry of Commerce's website.
XE Currency Conversion: 9 December, 2014