MHI confirms ac split

JAPAN: Mitsubishi Heavy Industries (MHI) has confirmed an absorption-type company split agreement which will see its air conditioning and refrigeration becoming a a wholly owned subsidiary.

As revealed by the Cooling Post in February, the transfer of the business to MHI Air conditioning & Refrigeration Co Ltd is expected to be completed by October 1.

“The AC&R market is vulnerable to changes in economic trends and environmental regulations, and both domestic and overseas competition is becoming harsher each year,” MHI said in a statement. “While MHI has steadily expanded its AC&R business amid these developments, the company now seeks to strengthen its capacity to compete in this changing global market.”

By making air conditioning and refrigeration a stand-alone business, MHI seeks to to enhance its organisational responsiveness, and to put in place a structure conducive to swift decision-making.

President and CEO of the new business will be current air conditioning and refrigeration general manager Kaoru Kusumoto.

Related stories:

MHI to split air conditioning business


Latest news from the world of air conditioning and refrigeration

UK News

1st December, 2016


Stonegrove appoints Gowing

UK: Industrial refrigeration contractor Stonegrove Refrigeration has appointed Steve Gowing as design and project engineer.

1st December, 2016


Javac achieves Climate Center double

UK: Javac UK, the refrigerant recovery and vacuum pump supplier, has been named as Climate Centers’ Supplier of the Year for the second year running.

28th November, 2016


Ruskin renamed Swegon Air Management

UK: Ruskin Air Management has been renamed Swegon Air Management following its acquisition by the Swedish manufacturer Swegon.

25th November, 2016


SWEP to close Swiss plant

SWEDEN: Heat exchanger manufacturer SWEP is to close its manufacturing plant in Tentlingen, Switzerland, moving production to factories in Slovakia and Sweden.

World News

3rd December, 2016


Daikin Plzen plant is BES 6001 certified

BELGIUM: Daikin Europe’s factory in the Czech Republic has joined the group’s factory in Ostend by becoming certified to the BRE’s responsible sourcing standard.

3rd December, 2016


AHRI rises to chairman’s challenge

USA: Parker Hannifin and Daikin were the big winners in a unique competition designed to raise the level of awareness of the HVACR industry both in school and government.

3rd December, 2016


Beijer Ref merges Danish businesses

DENMARK: Refrigeration wholesaler Beijer Ref has merged two of its Danish companies to form Aircon Teknik A/S.

2nd December, 2016


Luvata HTS merged into Modine coil division

USA: The Luvata Heat Transfer Solutions business is to be amalgamated with Modine Coils into a new Modine Commercial and Industrial Solutions division.

Leave A Comment