JAPAN: Johnson Controls-Hitachi Air Conditioning has widened its southeast Asian sales network with a new joint venture in Vietnam.
The new company, a joint venture with Thang Uy Engineering Asia Pte, will commence operations on October 1 from offices in Ho Chi Minh City.
Johnson Controls-Hitachi Air Conditioning Vietnam Ltd will offer a wide variety of air conditioning solutions ranging from residential and commercial air conditioners through to large-tonnage chillers and other related services.
Southeast Asia has been undergoing dramatic economic growth, with concurrent increases in both personal consumption and capital investment. These trends have resulted in a rapidly expanding market for air conditioners. Johnson Controls-Hitachi Air Conditioning Group CEO Franz Cerwinka describes Vietnam as “one of the most dynamic markets in Southeast Asia and the world”.
The new company will be led by general director Nguyen Quang Hien, who commented, “This new company will enable us to effectively deliver air conditioning solutions that serve the particular needs of consumers and business operators in this rapidly growing market.”
The joint venture will have approximately 80 employees, almost all of whom will be hired locally in Vietnam. A service network covering 64 provinces and product training centre for training technical staff will also be established.
The company target is to achieve double-digit market share in Vietnam within five years.
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