Toshiba Carrier boosts interests in China

10 August, 2004

Toshiba has acquired 20% of one of China’s leading manufacturers of air conditioning. Guangdong Midea Air Conditioning is well positioned in the residential and light-commercial sectors and had an estimated turnover of US$825 million in 2003. The company will make residential and light-commercial air conditioners, primarily under the Midea and Toshiba brands, as well as air conditioners for OEM customers. Midea will provide Carrier Corporation and TCCJ with a competitive production base to meet demand outside China, including Japan. The partnership between Midea group and TCCJ dates back to a joint venture for rotary compressors in 1999. In April this year, a new joint venture for rotary compressors was established, increasing total manufacturing capacity to seven million units.

Government must do more to tackle heat pump and electric vehicle barriers, Which? says

Which? is calling on the government to provide more support for greener home heating and cars, as new research shows cost and other barriers are putting people off making the switch.

New study reveals job stress affects 70% of construction workers

A groundbreaking study conducted by researchers from the University of Cambridge has revealed that at least 70% of people in the construction industry report feeling stressed at work, and this not only has a negative impact on job performance but also personal life. The findings highlight the urgent need for effective strategies to combat workplace stress.

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