European heat wave brings in cool cash for Asian air-conditioner makers as sales surge

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Asian air-conditioner manufacturers such as Samsung Electronics, Midea, and Mitsubishi Electric are seeing a surge in sales due to Europe's record-breaking heat wave. While air conditioning is common in Asia, it remains relatively uncommon in Europe, driving increased demand during the heat wave.

Seoul / Beijing Reuters —  As Europe sweats through record-breaking temperatures, Asian makers of air conditioners, like South Korea’s Samsung Electronics, China’s Midea and Japan’s Mitsubishi Electric, are enjoying a boom in sales. Air conditioning is common throughout buildings, transport and homes in major cities across Asia, but it is rare in Europe and people are … The post European heat wave brings in cool cash for Asian air-conditioner makers as sales surge appeared first on Egypt Independent.