Electronics giant considers factory in Europe to boost international sales

Gree Electric Appliances Inc, China's largest manufacturer of air conditioners, may establish a factory in Europe to boost its sales overseas, according to chairwoman Dong Mingzhu.

"We already sell our products in many overseas markets so it would make sense to open factories there to supply locally," Dong said in an interview during the World Economic Forum in Davos, Switzerland. "We are looking at options in Europe."

Gree, which competes against GD Midea Holding Co and Haier Group Corp in the world's most-populous nation, has looked to expand in emerging markets since 2011 and already has factories in Brazil and Pakistan.