HARMAN is pleased to announce the opening of its first flagship retail store, located in the Sinan Mansions development in Shanghai, China. This new showroom features the latest consumer electronics and high-performance AV products from legendary HARMAN brands AKG, Harman Kardon, JBL and more, and has already proven a big hit with local shoppers.
Visitors will experience the power of JBL Synthesis®, the peak in premium sound reproduction for home theater systems. Others will check out the latest display of premium AKG headphones, multimedia products to complement portable music players and computers, or the Harman Kardon line of legendary home audio systems.
We are delighted to give Chinese consumers direct access to these products, and encourage our traveling fans from around the world to visit the new HARMAN flagship store at Sinan Mansion No. 507, Fu Xing Zhong Road, Shanghai.
The opening of this new showroom in late October accompanied a recent series of events that underscore HARMAN’s commitment to the fast-growing China market. We broke ground for a new 43,000 square meter Greenfield development, engineering, and manufacturing in the northern city of Dandong to serve multiple HARMAN divisions in supporting both domestic and export sales. Part of our latest planned $100 million investment in China, this new complex will complement our existing resources in Shanghai, Shenzhen and Suzhou.
Joined by HARMAN’s executive management team and board of directors, we celebrated the successful conclusion of Shanghai World Expo 2010. HARMAN has served as an official sponsor at the Expo, and has equipped some 20 venues with our professional audio systems. We helped host more than 70 million visitors from some 200 countries over the past six months.
Wrapping up the festivities, HARMAN’s management and Board hosted nearly 300 key customers, channel partners and government officials from four continents for a gala VIP event at the Shanghai Grand Theater – itself equipped with HARMAN audio systems. The overwhelming response to this event underscores the deep respect our stakeholders in China have for HARMAN brands. We look forward to working with leading automakers, professional sound contractors, distribution partners and more as we serve the growing needs of our mutual customers in China.
With more than 1500 employees currently in China, HARMAN has an established base from which to supply consumers across this rapidly growing economy which has also become the world’s largest automotive market. In addition to the Shanghai World Expo, our landmark audio installations include the 2008 Beijing Olympics, China National Day Celebration, and numerous cinema, sporting, and entertainment venues.
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