Midea investing $10M in facility
LOUISVILLE, Ky. (Aug. 30, 2016) — Ground was broken today on Midea’s new $10 million research and development facility in Louisville. Midea, an electrical appliance manufacturer, will create up to 60 jobs at the Midea America Research Center (MARC) at 2701 Chestnut Station Ct.
“Louisville’s rising technology and innovation culture makes it a perfect place for the Midea America Research Center, especially with an appliance focus, where this community has a historical advantage,” said Louisville Mayor Greg Fischer. “Midea’s investment in Louisville is adding to our increasing manufacturing sector, and we look forward to working with them for their successful future in our community.”
Midea is the world’s leading manufacturer of air conditioners and one of the world’s largest appliance makers. They cited strengths in innovation, research and advanced manufacturing as reasons why they chose to invest in Louisville.
“Today marks the latest push by Midea to grow our presence here in Kentucky, and in the U.S. market,” said Jim Tomaszewski, president of Midea America. “We know our success in this market is wholly dependent on developing compelling products for the U.S. consumer. That’s why Midea invests 3 percent of global revenue in R&D every year, and why we are investing in our R&D footprint here in the US.”
Midea America Corporation is a division of Chinese-based Midea Group. The company has been serving North America with production of air conditioning, refrigeration, laundry, dishwasher, floor care and numerous small appliances for more than 10 years.
Established in 1968, Midea has grown from what was once a local workshop in China into a leading consumer appliances and air-conditioning systems manufacturer with operations around the world. The company provides high-quality products and services in both Midea-branded and private labels. Midea’s 40 years of persistent growth brought its global sales to $22.6 billion in 2014.