# Haier and Highly joint venture starts compressor plant in Zhengzhou

Haier and Highly broke ground on a joint venture air-conditioner compressor production base in Zhengzhou Economic-Technological Development Zone. The project has a total investment of 2 billion yuan and plans 15 million compressors per year, with phase one due in first half of 2024.

- Type: New facility
- Announced: 2023-04-08
- Where: Zhengzhou Economic-Technological Development Zone, Henan, China
- Value: $290.0M (2.00B CNY)
- Status: under construction
- Capacity: 15 million air-conditioner compressors per year
- Products: air-conditioner compressors, variable frequency rotary compressors
- Sectors: [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md)

## Companies

- [Haier](https://endata.com/companies/5126.md) (partner)
- [Highly Group](https://endata.com/companies/9384.md) (partner)

## Sources

- [hn.cri.cn](http://hn.cri.cn/20230410/31044118-79a6-37a8-ca12-787969a4ad2e.html), 2023-04-10: "郑州空调压缩机生产基地项目总投资20亿元，整体规划年产1500万台空调压缩机"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.