Chigo to Expand its Central AC Business

Chigo’s Chairman Li Xinghao recently said that the company established a subsidiary to expand the central air conditioning business. It is expected that the sales revenue of central air conditioning business could reach RMB 3 billion (US$ 440 million) by the end of 2013. Mr. Li also mentioned that the sales network of the group would be expanded, and the company was planning to increase its annual production capacity of air conditioners to 10 million units in two years.