Reported 8 months ago
Emart is expanding beyond household fans by manufacturing industrial and commercial fans along with large cooling fans in China, aiming to reduce revenue fluctuations between peak and off-peak seasons. The company's chairman mentioned challenges due to the Chinese economic conditions and depreciation of Asian currencies affecting sales in both domestic and export markets, prompting the move into non-residential fans. Emart has been focusing on cost reduction through automation and outsourcing, with its new air department showing strong growth potential, contributing over 100 million RMB in revenue annually.
Source: YAHOO