Market Chatter: Midea Fulfills 20,000-Unit Emergency Air Conditioner Order From France

MT Newswires Live07-14 09:45

Midea (SHE:000333, HKG:0300) completed an emergency order for 20,000 portable air conditioners from a customer in France due to a prolonged heatwave across Europe, The Standard reported, citing mainland Chinese media reports.

Delivery is expected to take about 15 days, roughly half the time required by sea freight, the report said.

The company reportedly added production capacity to fulfill the French order despite its factories already operating at full capacity during the domestic peak season.

Midea did not immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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