On May 31, workers in the workshop of Hubei M&G Electronics Co., Ltd. in the Shahe Industrial Park, Yunmeng County, were processing air-conditioning insulation parts.
The company is a manufacturer of insulation materials for air conditioners and refrigerators, and has established long-term cooperative relations with first-line well-known home appliance enterprises such as Gree, Midea and TCL.
This year, the company has invested more than RMB 10 million to introduce domestic advanced process and technology and accelerate the transformation and upgrading of the enterprise. From January to April, the company produced 3 million sets of various air-conditioning insulation parts, with sales reaching RMB 40 million. The annual sales volume is expected to reach RMB 120 million.