Cool idea: BSH giving refrigerators a high-end update

BSH Bosch and Siemens Home Appliances Group expanded its refrigeration production capacity by adding a new factory in Chuzhou, in Anhui province, on Thursday to tap China's lucrative high-end home appliance market.

It is the second factory in which the German company has invested to manufacture refrigeration products in Chuzhou. Phase One of the project received 90 million euros ($124.3 million) to create a high-end energy-saving refrigerator. Products including side-by-side refrigerators and multidoor refrigerators aim to meet the needs of consumers in both China and overseas.

"This will become the group's first and largest refrigeration product manufacturing base of its kind, with an annual output of 5 million refrigerators," said Roland Gerke, chairman and president of BSH Home Appliances Holding (China) Co Ltd.