ACR-News
Know what you want? Try our 'Supplier Directory' 

Toshiba Carrier and Fujitsu form joint venture

THAILAND: Japanese air conditioning manufacturers Toshiba Carrier Corporation, Fujitsu General and its manufacturing subsidiary FGA (Thailand) are to form a joint venture in Thailand to manufacture twin rotary compressors.
Under the deal, Toshiba Carrier will hold a 51% ownership share and FGA a 49% share in the business. The new company, which has tentatively been called TCFG Compressor (Thailand) is scheduled to be established in November in Chonburi Province.

The move is said to have been prompted by the rise in global demand for compressors, which has seen a 7.8% growth on 2011 with approximately 91 million units sold.

A statement on behalf of the two companies said 'The formation of the new joint venture will accelerate Toshiba Carrier's global business reorganization and will also reinforce Fujitsu General's compressor business for further expansion of its core air conditioning business. The new company aims to leverage synergy between both companies to enhance distribution and cost competitiveness, and will focus on innovation to serve the rapidly-evolving markets of compressors for air conditioning equipment across the world.'
Body

Coronavirus industry update

UPDATED 22 April: In response to the Coronavirus pandemic, manufacturers, wholesalers and distributors are issuing statements regarding their operations as the situation evolves. The most up to date information from each company is listed below and ...

  25-Mar-2020

Systemair offers Eurovent Certified Performance for hygienic AHUs

Systemair is now offering a Eurovent Certified Performance option for “Hygienic Air Handling Units” (HAHU) as a brand-new feature in all Geniox air handling units (AHUs) in addition to its VDI6022-1 certification. The Swedish multinational ...

  16-Dec-2020

Panasonic Air to Water, RAC, PAC & VRF Training from AMP now available on demand

We've added air to water training to highly popular HVAC and heat pump courses.
  14-Jan-2021
ACR News is the number one magazine in the air conditioning and refrigeration industry. Don’t miss out, subscribe today!
Subcribe to ACR News

Diary

FETA Annual Lunch
16th IIR Conference on Cryogenics
9th IIR Conference on Ammonia and CO2 Refrigeration Technologies
2nd IIR Conference on HFO Refrigerants and Blends