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 and MHI to Integrate Air-Conditioning and Refrigeration Operations
Jun 18, 2004
 Printable format
 Email this Article
 Search

Japanese companies Hitachi, Ltd., Mitsubishi Heavy Industries, Ltd., and Hitachi Air Conditioning Systems Co., Ltd., a subsidiary of Hitachi, have reached a basic agreement aimed at strengthening air-conditioning and refrigeration operations. The agreement calls for MHI's Air-Conditioning & Refrigeration Systems Headquarters (excluding the automotive thermal systems business) and Hitachi Air Conditioning Systems to be integrated and run under a joint venture company owned by Hitachi and MHI.

The integration is scheduled for April 1, 2005. Hitachi and MHI will manage the joint venture as equal partners. The companies said further details of the joint venture would be decided at a later date.

MHI, Hitachi, and Hitachi Air Conditioning Systems said they reached the agreement after deciding that integration would be essential to leverage each other's strengths to achieve growth and conduct operations efficiently in response to the external operating environment in Japan and overseas. Beyond fusing each company's technology strengths, the companies say the joint venture will build a more efficient global operating structure, extending from development through manufacturing, sales, and maintenance.

The joint venture also plans to expand its business by leveraging the strengths of its two shareholders, the companies said. As a comprehensive air-conditioning and refrigeration company, the joint venture will have the ability to supply a broad range of products from commercial-use air-conditioners to large central air-conditioning systems.

Back to Daily News

 

Daily News

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

Jul 31, 2014: LG Home Appliance, LG Air Conditioning See Lower Quarterly Sales

Jul 31, 2014: AHAM Canada New Chair is Doell of Samsung Electronics Canada

Jul 29, 2014: Jarden Reports Record Net Sales in 2Q

Jul 29, 2014: LG USA Names VanderWaal to Head Marketing

Jul 29, 2014: Smart Meters May Provide An Entrance Point for Cyber Attacks on the Connected Home

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 | Pharmalive | Plastics Today | Powder Bulk Solids | Canon Trade Shows