JAPAN: Toshiba Carrier is to establish factories in Europe, India and North America within the next five years.
The announcement of the new heating, ventilating and air conditioning engineering centres and localised manufacturing is the first result of Carrier and Toshiba’s recent agreement to further strengthen their joint venture collaboration.
The Toshiba Carrier joint venture has been in existence since 1999 with Toshiba owning 60% of the volume to Carrier’s 40%. Last October Toshiba and UTC, Carrier’s parent, signed an agreement to expand their strategic collaboration, accelerate growth and double the unit’s annual revenues in the next decade. The companies say they will also continue to explore collaboration on smart cities and machine-to-machine solutions.
“I am delighted to see UTC and Toshiba proactively forwarding our strategic collaboration and shaping up plans in the hvac field,” said Hisao Tanaka, CEO and president of Toshiba Corporation. “The establishment of joint engineering centres and manufacturing will give Toshiba local product development, manufacturing and sales in key regions, which will increase our global footprint while allowing us to provide customers with greater value through localised solutions.”
Mr Tanaka also hinted that the success of the hvac joint venture might lead to collaborations in other areas: “At Toshiba, our diverse capabilities range from devices to battery and inverter technologies, and I hope to see this collaboration in hvac become an engine that drives future co-operation between Toshiba and UTC and further strengthen ties between us.”
Describing the agreement as a milestone in the long and successful relationship between United Technologies and Toshiba, Geraud Darnis, president and CEO, UTC Building & Industrial Systems, said: “Through our expanded collaboration, our joint venture is positioned to pioneer new, innovative and customised solutions for customers around the world.”