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, Mitsubishi Scrap A/C Joint Venture
Aug 4, 2005
 Printable format
 Email this Article
 Search

Japanese electronics company Hitachi Ltd. and machinery maker Mitsubishi Heavy Industries Ltd. said they were scrapping plans to create a joint venture to combine their air-conditioning and refrigeration operations.

The companies had said in June 2004 that the integration would be completed by April 1 this year. Under the deal, Hitachi Air-Conditioning Systems, Hitachi's wholly owned unit, and Mitsubishi Heavy's air-conditioning and refrigeration systems division were to merge.

A new agreement was reached to form ties in specific areas of the air-conditioning business, such as development, procurement, and service operations, rather than seeking a full-scale integration, both sides said in a statement.

At the time of the initial agreement, the companies had said that combining technological efforts would help develop products that respond better to ecological concerns and will be critical in keeping up with expected growth in demand for air-conditioners in China.

In March, Hitachi and Mitsubishi Heavy said they would delay the establishment of the joint venture and decide on the timing for the merger later. (Forbes)

Back to Daily News

 

Daily News

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

Oct 22, 2014: Middleby to add U-Line to residential appliance business

Oct 22, 2014: iRobot's 3Q exceeds expectations, driven by Home Robots growth

Oct 22, 2014: Whirlpool Canada named 2014 Energy Star Manufacturer of the Year

Oct 22, 2014: ACCA wants the HVAC manufacturers to develop open, universal communication protocols

Oct 22, 2014: IHA launches website to connect OEMs with consumers

More Daily News>>

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

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

September 2014: Appliance Industry Focus: HVAC
June 2014: Appliance Magazine Market Insight: April 2014
May 2014: Appliance Magazine Market Insight: March 2014
April 2014: Appliance Magazine Market Insight: February 2014




 
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