Shanghai, China -- June 8, 2015 – Elkay is pleased to announce a new partnership with Midea, a leading manufacturer in electrical appliances and the Chinese water delivery and purification industry.
As one of the leading American manufacturers of water delivery products, including water bottle filling stations, drinking fountains & water coolers, Elkay has over 95 years in the business and has played a major role in setting industry standards. The company’s Chinese water processing operations began in 2014, when the company introduced its home water purification technology. With today’s announcement, Elkay is poised to address China’s rapidly growing commercial water purification market.
With the implementation of the Water Pollution Prevention Act and the latest round of governmental drinking water regulations, China’s commercial water purification market is well positioned for growth. Due in large part to recent serious water pollution conditions, the Chinese people are paying much more attention to drinking water and health issues. This is creating increasing demand for clean, safe water in schools, airports, hospitals, offices and many other public service areas. China’s commercial water purification market has grown accordingly, with another boost coming from the school direct drinking project.
“The Chinese water delivery and purification market is an attractive industry that Elkay is uniquely qualified to serve. As we looked for a partner to help us fast-track our market entry, Midea stood out as an ideal candidate,” stated Steve Rogers, President, Elkay International. “Midea has an excellent reputation for product quality and a well-established distribution network in the Chinese water purification market. When it comes to commercial water purification solutions and services, Midea definitely provides the most comprehensive drinking water offerings in China. We are proud to embark on this new endeavor here in China with Midea as our partner.”
As part of their plans for serving the Chinese market, Elkay expects to develop new water purification products designed specifically for China’s regional water conditions.
Family-owned since 1920, Elkay has been making innovative products and delivering excellent, domestic customer care. Headquartered in Oak Brook, Illinois, Elkay expanded its commercial offerings over four decades ago, and today delivers world-class sinks, faucets, foodservice fixtures, water coolers, drinking fountains and award-winning rapid bottle filling stations. Additionally, Elkay Wood Products is one of America’s leading cabinetmakers in the marketplace, with industry leading brands that include Medallion Cabinetry, Mastercraft Cabinetry, Design-Craft Cabinetry, Innermost Cabinetry, Yorktowne Cabinetry, Schuler Cabinetry and American Cabinetry Collection. Like your family, Elkay has values and traditions that endure; like a commitment to sustainability and to our country. For almost a century, Elkay has been American-owned and operated, providing thousands of jobs that support our families and communities.
Midea Group (SZ:000333),specializes in HVAC (Heating, Ventilation and Air-conditioning), compressors, refrigerators, washing machines and other appliances. Prior to its debut on the Shenzhen Stock Exchange (SZSE) on September 18th 2013, making it a fully public company., Midea Group was privately held, structured to have its most significant companies directly underneath it: Midea Living Appliances, Midea Components, Midea Real Estate, and most notably, SZSE-listed GD Midea Holding Co. Ltd.Since GD Midea ‘s public listing in 1993, the company has maintained a record of uninterrupted profitable operation and dividends payments every year.In 2011, GD Midea Holding Co., Ltd. was ranked 25th by Forbes on its list “Top 50 Asian Publicly Listed Companies.” That same year, the company was recognized with the “Best Major Shareholder Award of Listed Companies” during the 2011 China Listed Companies Summit.