Gree Electric Appliances in 2006

Gree continued its rapid and steady growth even though 2006 was a year that still reminded intense competition and high production cost. It is reported that the total AC demand in 2006 domestic market was decreased a little when that of overseas market was growing rapidly; the fast mounting price of raw material speeded up industrial concentration.

When facing strict market atmosphere, Gree still maintain itself in a leading position by implementing masterpiece strategy and innovation strategy, as well as strict controlling to product quality, technique and other important sector. In 2006, Gree Electric Appliances obtained Symbolic Brand in China Air Conditioner Industry, China World Brand, China Quality Management Award, Exemption from Export Inspection and other honors.

With the continuous strengthen of Gree s influence, Gree grew rapidly in both domestic and overseas market.