Items Tagged with 'joint venture'

The new joint venture, established on Aug. 14 and headquartered in the premises of Toshiba India Private Ltd., allows Toshiba Carrier to localize planning, development, manufacturing, and sales of its commercial air conditioning products, expanding its footprint in the country.

Ingersoll-Rand plc and Mitsubishi Electric Corp. announced that their joint venture is now operating and serving customers. 

Ingersoll-Rand and Mitsubishi Electric Corp. announced that they have entered into an agreement to establish a 50 percent-50 percent joint venture (JV) pending global antitrust review. 

The new joint venture will include marketing, sales, and distribution of ductless and VRF heating and air conditioning systems through Ingersoll Rand’s Trane and American Standard commercial and residential channels, and existing Mitsubishi Electric distributors and representatives in the United States and select countries in Latin America.

United Technologies has acquired the commercial HVAC product sales and commercial service divisions of AHI-Carrier (Australia) Pty Ltd, a UTC joint venture in Australia. The newly acquired organization will conduct business as Carrier Australia Pty Ltd.

The variable refrigerant flow (VRF) market in the U.S. just got a bit more interesting. Johnson Controls, Hitachi, Ltd., and Hitachi Appliances announced the companies have completed their global joint venture agreement and will immediately begin operations of Johnson Controls-Hitachi Air Conditioning.