Hefei Rongshida Sanyo Electric Co plans to build a motor industrial park in the Hefei New High-tech Area.
The Hefei New High-tech Area will provide 28.6 hectares of land in its Nangang Industrial Park on which Hefei Rongshida Sanyo will build its project with an investment of RMB 1.25 billion. The factory will produce washing machines and related accessories.
Trading Markets reports that Hefei Rongshida Sanyo’s production has grown rapidly and its production capacity is unable to meet the growing demand in the washing machine and microwave oven markets. This new development is the answer.
Hefei Rongshida Sanyo was established in 1994 as a home appliance R&D and manufacturing base of Sanyo. Its specialities fully automatic and semi-automatic washing machines and non-turn plate microwave ovens.