Hisense in talks with contract manufacturer Epack Durable to pick minority stake

Chinese investment in ASEAN expands to benefit both sides

A worker assembles Oppo smartphones at the company's factory in Banten province, Indonesia, on Nov 19. MUHAMMAD FADLI/BLOOMBERG Five years after Chinese smartphone maker Oppo debuted in its home market, the company ventured overseas in 2009 and introduced its products to Thailand. In 2024, Oppo overtook South Korea's Samsung to become the top smartphone brand in Southeast Asia with an …

Indonesia Oppo

4 days ago

Stocks to watch on March 24: RIL, Ola, Raymond, Adani Green, Mahindra & Mahindra

India Today

Stock markets will open for a new trading week on Monday after ending the previous week on a strong note. These include Reliance Industries, Mahindra & Mahindra, Ola Electric, Adani Green, Adani Enterprises, NCC, Dr. Reddy’s, Max Healthcare. Raymond The company’s board has approved an investment of up to Rs 65 crore in redeemable preference shares of Ten X Realty …

Company Mahindra Reliance Industries Crore Adani Owned Subsidiary Wholly

3 weeks, 2 days ago

Upcoming IPO: Auto component maker Belrise Industries gets SEBI nod to raise ₹2,150 crore via public issue

Live Mint

Belrise Industries IPO: Belrise Industries Limited, on Tuesday, March 4, received the green light from the Securities and Exchange Board of India to launch its initial public offering. Belrise Industries Limited is an automotive original equipment manufacturer component maker based in Pune, Maharashtra. Belrise Industries IPO Details According to the company's draft papers, the auto component maker Belrise Industries is …

Company Sebi Limited Ipo Industries Public Issue India Private

1 month, 1 week ago

After SC ruling, INSCO set to acquire Hindhustan National Glass & Industries

The Hindu

Independent Sugar Corporation, of the Uganda-based Madhvani Group said it has received a favourable order from the Supreme Court of India, clearing its path to acquire Hindusthan National Glass & Industries through the Insolvency & Bankruptcy Code process. The Supreme Court ruling has resolved a long-standing corporate dispute, allowing INSCO to establish presence in India’s container glass industry. Confirming the …

India Group Uganda Hng Insco Madhvani Glass Industries

2 months ago

Upcoming IPO: GEF Capital Partners-backed EPack Prefab Technologies files DRHP with SEBI for public issue

Live Mint

Upcoming IPO: EPack Prefab Technologies has filed its draft red herring prospectus with the market regulator Securities and Exchange Board of India for an initial public offer. Backed by GEF Capital Partners, EPack Prefab Technologies is a mix of fresh share sale worth ₹300 crore and an offer for sale of up to 10 million equity shares of face value …

Crore Ipo Eps Technologies Prefab Epack Issue Upcoming

2 months, 3 weeks ago

Surfing on wave of premiumisation, appliances industry expects 15 pc growth in 2025

Live Mint

New Delhi, Dec 31 The appliances and consumer electronics industry expects 10-15 per cent growth in 2025 on the back of premiumisation trend, which is driven by rising incomes, changing preferences towards energy-efficient, and connected products with innovative features such as AI and increasing desire for global quality products. "Looking ahead, we expect the appliances industry to grow approximately 12-15 …

Consumer Industry Electronics 2025 Pti Cent Rac

3 months, 1 week ago

Welspun to bring WTC brand to Thane; to build tallest urban distribution centre with an investment of ₹800 cr

Hindustan Times

New-age logistics and industrial real estate manager Welspun has entered into a strategic agreement with the World Trade Centers Association to bring the World Trade Center to Thane. Welspun One will build the country’s tallest grade A mixed-use urban distribution centre, investing ₹800 crore in the micro market. Welspun One will invest ₹ 800 crore in building the country’s tallest …

India Thane Centre Grade Wtc Sq Ft Welspun One

3 months, 3 weeks ago

Stocks to Watch: Reliance Power, RVNL, Epack Durable, PB Fintech, Swiggy, M&M, IEX, and more

Live Mint

Indian markets are expected to open lower on Wednesday, December 04, as Asian shares began trading cautiously, influenced by political unrest in South Korea. The following stocks are expected to be in focus during today's trading session: Defence Stocks: The Defence Acquisition Council, under the chairmanship of Defence Minister Rajnath Singh, accorded Acceptance of Necessity for 5 capital acquisition proposals …

South Korea Company Reliance Power Pb Healthcare

3 months, 3 weeks ago

Building Apple products has become a side hustle for China’s biggest EV maker

Live Mint

Apple products say on the box “assembled in China," leaving the mystery of who did the assembling. BYD, known globally as Tesla’s most formidable EV competitor, has a second business manufacturing electronics, and it has grown to assemble more than 30% of Apple’s tablets, according to industry executives and analysts. Cook said on Chinese social media that BYD was among …

China Apple Xiaomi Company Phones Chinese Wang

4 months, 1 week ago

Aegis Vopak Terminals IPO: Storage tank operator files draft papers with SEBI for ₹3,500 crore public issue

Live Mint

Aegis Vopak Terminals Limited has submitted its Draft Red Herring Prospectus to the Securities and Exchange Board of India on Monday, November 18. The company aims to raise nearly ₹3,500 crore through this initial public offering, which comprises solely a fresh issue of equity shares with a face value of ₹20 per share. Aegis Vopak Terminals also plans to fund …

Company Issue Limited Ipo Terminals Equity Shares India Sebi

5 months, 1 week ago

TCL Eyes Global Market Growth: Expanding Appliance Manufacturing Outbound

China Daily

Chinese appliance makers are intensifying efforts to make forays into overseas markets to seek new sources of revenue. They are expanding their presence in North America by boosting production capacity of big-screen TVs at their Mexico factory. They have also established photovoltaic cell and module factories in Malaysia, the Philippines and Mexico through joint ventures. TCL is setting up 46 …

Global Marketing Manufacturing Sales Las Vegas

5 months, 1 week ago

Appliance makers eye bigger global pie

China Daily

Appliance makers eye bigger global pie By FAN FEIFEI China Daily Updated: Oct 17, 2024 TCL's booth at CES 2024 in Las Vegas. Chinese home appliance makers have intensified efforts to make forays into overseas markets to seek new sources of revenue, and are upgrading and optimizing their products to make them "smarter", industry experts said. Highlighting that globalization is …

Global Market Industrial Egypt Washing Machines Mexico Chinese

5 months, 1 week ago

Hisense to Expand Global Appliance Footprint with Focus on High-End Markets

China Daily

Chinese appliance maker Hisense Group is expanding its overseas footprint and increasing its investment in technological innovation to target high-end markets abroad. The company has established 26 R&D centers, 36 industrial parks and production bases and 64 overseas branches across the globe. Hisense's revenue reached 202.2 billion yuan ($28.6 billion) in 2023, while its overseas sales stood at 85.8 billion …

Business Technology Global Manufacturing Qingdao

5 months, 1 week ago

Appliance makers chart big overseas expansion

China Daily

Dreame Technology's humanoid robots are on display during the World Robot Conference in Beijing in August 2023. HUANG YONG/FOR CHINA DAILY Chinese home appliance maker Hisense Group has accelerated steps to expand its footprint in Europe, Africa, the Americas, the Middle East, Australia and Southeast Asia and ramped up its investment in technological innovation to target high-end markets abroad. Jia …

Africa Egypt Company Jia Hisense

6 months, 3 weeks ago

Cabinet approves fifth semiconductor unit in India

Hindustan Times

The Union Cabinet on Monday approved a proposal by Kaynes Semicon to set up a semiconductor unit in Sanand, Gujarat, with an investment of ₹3,307 crore, electronics and information technology minister Ashwini Vaishnaw said. On Monday, Vaishnaw said semiconductor industry is a “foundational industry” for India’s domestic manufacturing goals. First was India’s first semiconductor fab unit in Dholera set up …

India Japan Gujarat Electronics Taiwan Semiconductor Cabinet

10 months, 1 week ago

‘Acer to base maiden home appliances subsidiary in India’

The Hindu

Acer Inc, a Taiwanese firm that produces computer hardware and electronics, has identified India as the base for its maiden subsidiary, Acerpure, which the company floated in 2020 for its appliances business. Acer on Thursday said India, the fifth largest global appliances market, is set to grow exponentially driven by electrification in villages and changing lifestyles. Andrew Hou, President, Pan-Asia …

India Taiwan Acer Acerpure Global Appliances Products Hou

1 year, 1 month ago

Epack Durable to debut today: What you need to know

Hindustan Times

Epack Durable makes its market debut today as analysts expect the stock to list at a 2-10 per cent premium over the issue price- to open between ₹235 and ₹253 against the issue price of ₹230. The company has since expanded manufacturing operations with Dehradun Unit II, Dehradun Unit III and Dehradun Unit IV, Bhiwadi Manufacturing Facility and Sri City …

India Manufacturing Company Crore Ipo Durable Epack

1 year, 6 months ago

Hisense HVAC Global Customer Conference a roaring success

China Daily

The 2023 Hisense HVAC Global Customer Conference was held in Qingdao, Shandong province, on Sept 22. The 2023 Hisense HVAC Global Customer Conference is held in Qingdao, Shandong province, on Sept 22. Data show that Hisense's HVAC business generated revenue of $4.9 billion last year, accounting for 46 percent of the group's overall revenue and 20 percent of Hisense's entire …

Revenue Group Hisense Global Customer Conference Roaring Success

1 year, 6 months ago

India's oldest surviving semicon maker CDIL to increase its capacity by 100 Million Units

Firstpost

India’s oldest surviving semiconductor maker CDIL is planning to increase its manufacturing capacity by 100 million units a year. Ltd, India’s oldest surviving semiconductor company is contemplating the possibility of establishing its own fabrication facility in India in the long term, provided the necessary supportive ecosystem emerges within the country. For the time being, CDIL is concentrating on its local …

Semiconductor Million Singh Capacity Cdil 100 Million Units Semicon Maker

1 year, 6 months ago

Foxconn backs India’s role in electronics manufacturing

Live Mint

NEW DELHI : Foxconn Technology Group chairman Young Liu has backed India as an important country for the future of manufacturing, saying that the opportunities for the development of electronics manufacturing and industrial chains were huge. I don’t think it’s perfect to speculate from history, but we feel that development of the entire ecosystem and industrial chain, and the opportunities …

India China Development Manufacturing Liu Foxconn Pli

1 year, 7 months ago

Hisense industrial park a business card of Sino-African cooperation

China Daily

The Hisense South Africa Appliance Industrial Park is an important investment and cooperation project of China in South Africa. In March 2013, Hisense Group and the China Africa Development Fund signed an investment cooperation agreement to support the construction of the Hisense South Africa Appliance Industrial Park. Employees at the Hisense South Africa Appliance Industrial Park. The Hisense South Africa …

China Africa South Africa Industrial Park Appliance Hisense

1 year, 7 months ago

Homegrown Micromax Laying Off 'Dozens Of Staff' As It Shifts Focus Towards EV Venture: Report

ABP News

Homegrown handset maker Micromax is looking to foray into the electric vehicles market, in the wake of falling smartphone sales. Once a leading smartphone brand in India, the company is now shifting its focus from handsets to mobility and it has laid off "dozens" of employees, says a report by TechCrunch. The company has witnessed the departure of several senior …

Maker Micromax Report Homegrown

2 years ago

Original Design Manufacturers for top Chinese smartphone makers see drop in shipments in 2022: Report

The Hindu

Smartphone shipments from Original Design Manufacturers/Independent Design Houses declined 5% YoY in 2022 due to economic pressures and weaker demand from China and Europe. However, the contribution of ODMs toward smartphone shipments has been increasing as was witnessed that the proportion of ODM shipments in Vivo rose rapidly in 2022 after the brand kicked off its cooperation with Huaqin and …

Smartphone Yoy 2022 Shipments Odm Huaqin Longcheer

2 years, 2 months ago

Chinese Smartphone Makers Talking To Domestic Contract Manufacturers With PLI Nod

ABP News

Chinese handset makers such as Oppo, Xiaomi and Transsion are in talks with domestic smartphone makers like Lava Internationa, Dixon Technologies and Bhagwati, among others, in a bid to leverage the Production Linked Incentive scheme approved status of the Indian manufacturers, the media has reported. Don't miss: 2022: The Year When iPhone Manufacturing In India Got A Major Push Homegrown …

India Indian Smartphone Chinese Cent Yoy Pli

2 years, 3 months ago

First Principles | How the chips fall in the battle for semiconductors

Hindustan Times

“Wrap your head around this,” says Pankaj Jain over the phone, “over 80% of chips designers are Indian.” While this good news comes from an informal conversation with the New York-based founder and managing partner of Saka Ventures, it throws up some questions as well. What makes this battle for semiconductors more compelling still is that the world’s semiconductor headquarters …

India China Battle Taiwan Semiconductors Tsmc Chang

2 years, 8 months ago

Hisense ups R&D efforts for bigger market presence

China Daily

Chinese home appliance giant Hisense Group Chinese home appliance manufacturer Hisense Group has ramped up its efforts to develop self-owned brands, increase investment in localized research and development and roll out high-end products in Australia, as the company eyes a bigger footprint in overseas markets. There were no indigenous home appliance brands in Australia and most of the products are …

Australia Chinese Zhang Appliance Hisense Overseas Markets

2 years, 11 months ago

Why some companies are buying used washing machines

Live Mint

A major industrial conglomerate has resorted to buying washing machines and tearing out the semiconductors inside for use in its own chip modules, according to the CEO of a company central to the chipmaking supply chain. That, I don’t think, is going to go away.” Even major chip equipment makers including U.S.-based Lam Research Corp. are struggling to get enough …

Semiconductor Chip

3 years, 5 months ago

On Semiconductors, India Needs to Reboot Trade Policies, Ecosystem to Build a TSMC

News 18

Talks have accelerated between India and Taiwan to build a state-of-the-art semiconductor manufacturing unit in the country. India’s effort to build an indigenous semiconductor manufacturing facility is not new with multiple attempts facilitated by the state from the early 1980s itself. Delay in the acquisition of land and the failure to streamline this process can still hamper India’s ambition to …

Technology India Support Manufacturing Taiwan Country Semiconductor

6 years, 7 months ago

Daikin Industries turns to Africa for further expansion; to go head-to-head with LG and China’s Haier

Firstpost

Daikin has struggled to compete with local rivals such as United Technologies’ Carrier and Johnson Controls’ York, which specialise in ducted air conditioning. Tokyo: Daikin Industries, the world’s largest maker of air conditioning equipment, is turning to Africa for further expansion, 10 years after a successful gamble on sharing its key technology with a Chinese company. But Yoshihiro Mineno, Daikin’s …

India China Africa Market Indian Air Japanese

6 years, 9 months ago

Two Chinese firms mull manufacturing units in India

The Hindu

At least two Chinese smartphone makers — Comio and Oppo’s online only sub brand RealMe — are planning to set up manufacturing units in India, according to top officials of the firms. “We have a strong presence in north and west,” said Sanjay Kumar Kalirona, chief executive officer and director, Comio smartphone. In the last seven months, Comio had sold …

India Realme Set Unit Comio Mull Manufacturing Kalirona

7 years, 1 month ago

Sembcorp Energy India files IPO papers with Sebi

Live Mint

Mumbai: Sembcorp Energy India Ltd, the Indian arm of Singapore-based utility group Sembcorp Industries Ltd, on Friday filed the draft red-herring prospectus for its initial public offering. Sembcorp Energy India operates thermal and renewable power assets in India and is a subsidiary of Sembcorp Industries, which is listed on the Singapore exchange. Sembcorp Industries made its first power sector investment …

India Energy Singapore Ipo Industries Sembcorp Sembcorp Industries

7 years, 3 months ago

Oppo granted environmental clearance to set up a manufacturing unit worth Rs 2,200 crore in Greater Noida

Firstpost

The Union Environment Ministry has granted the environment clearance to its Indian subsidiary Oppo Mobiles India Pvt Ltd for the proposed project. Chinese smartphone maker Oppo has been given green clearance to set up a mobile manufacturing unit in Greater Noida at a cost of Rs 2,200 crore, a senior government official said. As per the proposal, Oppo wants to …

Project Greater Noida Clearance Oppo Granted Environment

7 years, 11 months ago

Samsung, Intex and Rising Star emerge as top three OEMs in India, says CMR report

Firstpost

Samsung, Intex and Rising Star have emerged as the top original equipment manufacturers in India, according a report by CMR, with Rising Star being the largest contract manufacturer. Rising Star is the name of the manufacturing plant set up by Foxconn in Sri City industrial park in Andhra Pradesh. According to The Economic Times report, Samsung is the overall leader …

India Samsung Star Rising Brands Oem Rising Star

8 years, 7 months ago

Welspun India hires EY to probe US export lapses

Live Mint

New Delhi: Welspun India on Friday said it has appointed consultancy firm Ernst & Young to look into alleged lapses in its products supply after the US-based Target Corp. terminated contract with the textiles maker. “The company has appointed Ernst & Young LLP to review our supply chain systems and processes,” Welspun India said in a BSE filing. On Thursday, …

India Audit Target Welspun Welspun India

8 years, 9 months ago

As Sharp Corp, Japan Display Inc struggle, smaller firms thrive in OLED niche

Firstpost

A glimmer of light for Japan’s battered electronics sector: while Sharp Corp and Japan Display Inc lag South Korean rivals in making organic light emitting diode screens, some smaller Japanese equipment makers are booming in niche areas further up the OLED manufacturing process. Already, some less well-known Japanese equipment makers including Canon Tokki Corp and Dai Nippon Printing Co have …

Japan Display Samsung Equipment Japanese Sharp Corp

9 years, 10 months ago

Oppo jumps on to 'Make in India' bandwagon; to start India plant by August

Firstpost

In line with the government’s ‘Make in India’ initiative, most companies have announced their plans to build their devices here. In a press statement, Oppo’s vice president Sky Li said, “India is the top priority in our expansion plans in South Asia this year. The smartphone boom in India indicates the time is just right to focus on expansion plans …

India Oppo

10 years ago

Cisco mulls setting up manufacturing unit in India

Firstpost

Several companies, including Cisco are evaluating the various incentives offered by the government for investments in the Electronic System Design & Manufacturing sector. Networking solutions giant Cisco is planning to set up a manufacturing facility in India and evaluating various sops offered by the government to promote the Electronic System Design & Manufacturing sector, Parliament was informed today. “Several companies, …

India Manufacturing Cisco

11 years, 2 months ago

Chinese enterprises to build brands in consumer electronics[1]- Chinadaily.com.cn

China Daily

Journalists try the latest smartphone of China's Huawei during an Exhibitor Press Release of the 2014 international CES in Las Vegas, the United States, Jan 6, 2014. LAS VEGAS - Italian reporter Vittorio Manti, who is covering his 10th International Consumer Electronics Show, has witnessed growing recognition of Chinese brands for quality and price. On the first day at the …

Brand United States Xinhua Brands Hisense Ces Chinese Enterprises

11 years, 5 months ago

Chinese power firms agree to establish India base

The Hindu

China’s biggest power companies have, for the first time, agreed to set up a permanent presence in India by opening power equipment service centres to address concerns of their increasingly large customer base, according to an agreement signed by the two governments here on Wednesday. Landmark move “This is a landmark move, as it will pave the way for Chinese …

India China Indian Power Companies Equipment Countries

11 years, 6 months ago

Cabinet gives nod to setting up 2 semiconductor units

India TV News

New Delhi: The Cabinet has given in-principle approval to the proposal of setting up two semiconductor manufacturing facilities in the country. The move will give a boost to domestic production of electronics goods. Till now the country is highly dependent on imports for meeting electronic product requirement, including chips, and therefore, the fab units would assist in checking such imports.The …

Cabinet Stm Tower Semiconductor

Hisense in talks with contract manufacturer Epack Durable to pick minority stake

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