Midea Group was established in 1968 and since then the group has emerged into a leading consumer appliances and air conditioning systems manufacturer, with operations around the world. The group has been on a persistent growth trajectory since inception and recorded a turnover of $22 billion USD in 2011 and has presence in more than 190 countries. Midea ranks 25th in the Forbes Asia List of Top 50 Asian Public Companies 2011. Midea is world’s leading producer of consumer appliances (Euromonitor International Consumer Appliances Trade Statistics Database, 2011) with an annual production capacity of 30million ACs, 32 million Microwave ovens, 15million refrigerators, amongst a wide range of other living appliances across the globe, Midea is now available in India.
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