Rinnai Corp. (Nagoya, Japan) will make a US$10 million capital investment into its North American subsidiary, Rinnai America Corp. (RAC).
The company makes a number of appliances worldwide, including heaters, tabletop cooktops, built-in ranges, dishwashers, rice cookers, ovens, and hot water appliances. In the United States the company is focused on energy efficient tankless hot water heaters.
