• Home
  • News
    • Politics & Government
    • Business & Economy
    • Crime / Courts
    • Health / Medicine
  • Sports
    • High School Sports
    • Radio Iowa Poll
  • Affiliates
    • Affiliate Support Page
  • Contact Us
    • Reporters

Radio Iowa

Iowa's Radio News Network

You are here: Home / Business / China company may bid for Maytag

China company may bid for Maytag

June 16, 2005 By admin

Another bidder may make an offer for the Newton-based Maytag Corporation. China’s biggest home-appliance maker, the Haier Group, said Wednesday it may join at least two U.S. companies eyeing the purchase of Maytag. The investor group Ripplewood Holdings last month bid one-point-one-three billion for the Iowa maker of washers, dryers and other home appliances, and New York investor group Blackstone also has indicated it’s interested. The Chinese company already has an entry to US appliance markets, with its products sold at retailers including Home Depot, Costco and Wal-Mart. Last year Forbes declared the firm China’s most valuable brand name, but while buying Maytag might help offset accusations it’s dumping foreign goods in this market, it would also cost the Haier company many of the benefits it now enjoys from the low cost of producing its goods in China.

Share this:

  • Facebook
  • Twitter

Filed Under: Business

Featured Stories

Iowans 65+ now eligible in next phase of Covid vaccinations

Bill would remove transfer limits in five Iowa school districts

Former Iowa sports talk host sentenced to federal prison for ticket scams

Feenstra only member of Iowa delegation not at Biden’s inauguration

Congresswoman Axne favors Biden pandemic relief plan, Hinson not ruling out a ‘yes’

TwitterFacebook
Tweets by RadioIowa

UNI adds two nonconference games to basketball schedule

Iowa State-Kansas postponed

Iowa-Michigan State postponed

Fire damage to Riverfront Stadium electrical system will cost Waterloo thousands

Iowa State at Kansas State postponed

More Sports

eNews and Updates

Enter your email address:

Delivered by FeedBurner

Archives

Copyright © 2021 ยท Learfield News & Ag, LLC