Oct. 20, 2014: Toshiba and United Technologies Sign New Agreement to Grow Joint Venture
Collaboration to Focus on Enhancing Global Growth in HVAC Solutions
HARTFORD, Conn. — Toshiba Corp. and United Technologies Corp. announced that they have entered into an agreement to strengthen the strategic collaboration between the two companies through their joint venture, Toshiba Carrier Corp. (TCC).
The agreement outlines the next stage of cooperation between Toshiba and United Technologies in the field of HVAC solutions through TCC. The companies have set a target to accelerate growth and double the unit’s $1.6 billion annual revenues by the next decade.