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.

Heat network confidence outpaces progress in social housing

Baxi surveyed 100 housing associations and 102 local authorities and councils responsible for managing or operating heat networks this summer, alongside in-depth interviews with five housing associations, a heat network consultant and heat network contractor.

Signify showcases F1 lighting partnership at Brackley campus

MBS Features Editor Russell Drury was among a group of journalists from across Europe invited to visit the Mercedes-AMG PETRONAS Formula One Team’s headquarters in Brackley, where Signify showcased its partnership with the team and the shared focus on innovation and sustainability.

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