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Thread: maytag china

  1. #1
    Join Date
    Mar 2004
    Posts
    40
    i have heard that maytag is being bought by haier corpartion....chinese company , i concerned if that will have any effect on maytag hvac since haier also makes cental hvac.....we have been installing maytag's for over a year and simply love them ,the consumers we sell to prefer it over other brands we have sold in the past......but i am worried about this china thing ,has any one heard anything or have any thoughts

  2. #2
    Join Date
    Nov 2004
    Location
    Atlanta, Ga. burbs
    Posts
    281

    And the answer is..........

    They are in the discussion phase with a non binding offer to purchase remaining stock at $16 a share. As of Friday the stock was trading at almost $16 anyway. The Chinese company has bought a "home office" in the USA to develop their business. Products from this company are already sold at home stores etc.

    Now on a more personal note: I would not doubt it being acquired. It only makes sense for them to buy a name brand to boost USA sales. Not sure where this is going to stop. Probably will not. Rumors are China is going to introduce a car in the USA for about 10,000 dollars. I know the Chinese tractors are crap and the cars will be too at first. Wait and see though the quality will improve. The Japanese did the same thing. Now they are in the same boat we are. China is going to give us a serious run for our money and economy.

    Kind of sad.

  3. #3
    Join Date
    Jan 2004
    Location
    PA
    Posts
    68,776
    That will depend on the contract that Nordyne and Maytag signed.

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  4. #4
    Join Date
    Jun 2003
    Location
    Chicago, IL
    Posts
    4,565
    as Beenthere said, it depends upon the contract. Maytag does not make any HVAC equipment. they simply licensed the name to Nordyne. I feel that Nordyne is going to be making Maytag units for years to come. However, i think the whole China thing is really going to tarnish the Maytag name.

  5. #5
    Join Date
    Sep 2004
    Posts
    3,157
    The chineese have been sucessfull flooding the US markets with nothing but cheap crap and the HVAC market will be no different. You think youve seen bad quality now, just wait untill you have to order parts from china.
    It would cripple their economy if the us didnt buy from china----kinda like what it is doing to ours , buying their stuff


    I work with a guy that is from China . From what he tells me , the quality of the products they use over there is much better than the stuff they sell over here


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