Haier has officially entered the South African market, holding a launch ceremony on Feb. 2, Xinhua News reported Tuesday.
Within the next three years, the Chinese appliance maker plans to build an industrial park in South Africa, the report cited Li Huagang, senior vice president of Haier Group.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)