Briefs: Ouke Air Conditioning Company
In January 2009, the Ouke Air Conditioning Company, Italian air conditioner manufacturer, signed a cooperation agreement with the local Huangjiang Town Government in China. According to the agreement, Ouke will invest RMB 400 million to establish an "Air Conditioner City" in the Huangjiang Industrial Park, covering an area of 70 000 m². The complex will be built in 3 phases over a 5-year period. Ouke predicts that annual production will hit 3 billion RMB/year once the site is fully operational. Hundreds of accessory enterprises are expected to set up plants within the Air Conditioner City.