Frestech

Frestech is a Chinese-foreign joint venture jointly invested in and established by Henan Xinfei Electric Co. Ltd., Singapore Hong Leong Corporation Ltd and Hn-sin Electric Pte Ltd in October, 1994. Currently, it is the biggest producer of non-CFC refrigerators in China with total assets of 2400 million Yuan, 6000 staff and an annual production capacity of 2.6 million units. Since the 1990s Xinfei Co. has been listed as one of the 500 biggest industrial enterprises in China, one of the 200 Strongest Light Industrial Enterprises in China, and on the list of the 10 Strongest Enterprises in the Domestic Electric Appliances Industry. It has also won the Vanguard Enterprise for Quality and Efficiency award, and the China Star Enterprise award. In the list of the Top 500 Industrial Enterprises, Comprehensive Assessment 95' announced by the state commission of Economy and Trade and the State Bureau of Statistics, Xinfei, ranked 17th, leaped to first place in the national refrigerator industry rankings.