Fedders Announces Grand Opening of Shanghai R & D Center; Facility Doubles Company's Global Engineering Capabilities
18 Julho 2005 - 12:18PM
PR Newswire (US)
Fedders Announces Grand Opening of Shanghai R & D Center;
Facility Doubles Company's Global Engineering Capabilities LIBERTY
CORNER, N.J. and SHANGHAI, China, July 18 /PRNewswire-FirstCall/ --
- Fedders Corporation (NYSE:FJC), a leading global manufacturer of
air treatment products, including air conditioners, air cleaners,
dehumidifiers and humidifiers, announced that the Grand Opening of
its new Air Treatment Research and Development Center took place on
July 16, 2005. Located in the Qingpu District of Shanghai, the new
research and development center, which is now Fedders' largest,
joins nine other Fedders research, engineering and lab facilities
around the world and more than doubles the company's global
engineering capabilities. In addition to its proximity to Fedders
five Yangtze River Delta manufacturing facilities, the Center is
strategically located to enable collaboration with local
universities and research institutes on special projects and will
also enable closer collaboration with the best suppliers of
components and raw materials in the industry. Speaking at the Grand
Opening Ceremony, Fedders' President, Michael Giordano commented,
"Together with Fedders' nine other R&D facilities, our
extensive, state-of-the-art, design and testing facilities at
Qingpu will enable us to bring to market faster, new residential
and commercial air conditioning and heating products, including
room air conditioners, central ducted air conditioners and gas
heating products, as well as residential, commercial and industrial
air cleaners, dehumidifiers and humidification products. The new
R&D center will enable us to accelerate the development of next
generation products for all of the markets we serve, and represents
our commitment to bringing Fedders' global customers world-class
products and services with the latest innovations, the highest
quality and the best value." In addition to the extensive design
capabilities in Qingpu, Fedders has relocated the headquarters for
its international supply chain operations, including Quality,
Manufacturing Engineering and Global Sourcing, to the Qingpu
facility, to support the company's manufacturing facilities around
the world. (Photo:
http://www.newscom.com/cgi-bin/prnh/20050718/NYM117 ) This news
release includes forward-looking statements that are covered under
the "Safe-Harbor" clause of the Private Securities Litigation
Reform Act of 1995. Such statements are based upon current
expectations and assumptions. Actual results could differ
materially from those currently anticipated as a result of known
and unknown risks and uncertainties including, but not limited to,
weather and economic, political, market and industry conditions and
reliance on key customers. Such factors are described in Fedders'
SEC filings, including its most recently filed annual report on
Form 10-K. The company disclaims any obligation to update any
forward-looking statements to incorporate developments occurring
after release of announcement. Visit the Fedders investor
information website at http://www.fedders.com/ to access additional
information on Fedders.
http://www.newscom.com/cgi-bin/prnh/20050718/NYM117
http://photoarchive.ap.org/ DATASOURCE: Fedders Corporation
CONTACT: Robert Laurent, Jr., of Fedders Corporation,
+1-908-604-8686, Web site: http://www.fedders.com/
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