Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

Hitachi Eyes Matsushita's Closed AC Unit
Feb 10, 2003
 Printable format
 Email this Article
 Search

Hitachi Home & Life Solutions Inc is interested in buying Matsushita Electric’s (National Panasonic) air-conditioner manufacturing unit in India. The unit stopped production a few months ago because of big losses. Hitachi has a manufacturing subsidiary in India, Amtrex Hitachi Home Appliances.

A Hitachi team recently visited Chennai, where the plant is located, and discussed its sale, but Matsushita executives said they were drawing up a restructuring plan to resume production and a new business plan was expected soon.

Hitachi Home president and CEO Kunio Sebata said he was not aware if National wanted to sell the unit. He, however, said if Hitachi received an offer, it would be interested. "We are increasing our capacity in India from 100,000 air-conditioners to 150,000. We are studying a proposal to set up a new unit in Jammu and Kashmir. But we are open to acquisitions if they suit our pocket and long-term business plan," Mr. Sebata said. (Business Standard)

Back to Daily News

 

Daily News

...........................................................

Sep 19, 2014: Builder confidence at highest level since Nov. 2005

Sep 19, 2014: Builders Show, Kitchen/Bath Show, and 3 other events converge for 2015 Design & Construction Week

Sep 19, 2014: GE Appliances supporting Susan G. Komen

Sep 18, 2014: AHRI at White House unveils $5 billion refrigerant R&D plan

Sep 18, 2014: Solar microinverter market could break $1 billion by 2018

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

March 2014: Market Research - 62nd Annual U.S. Appliance Industry Forecast
February 2014: Appliance Magazine Market Insight: December 2013
January 2014: Market Research - Appliance Historical Statistical Review: 1954-2012
January 2014: Appliance Magazine Market Insight: November 2013




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Plastics Today | Powder Bulk Solids | Canon Trade Shows