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.

BCIA welcomes tougher commercial building energy standards but calls for greater ambition across the wider sector

The Building Controls Industry Association (BCIA) has welcomed the government’s confirmation that privately rented non-domestic buildings over 1,000 square metres in England and Wales will be expected to achieve a minimum EPC B rating by 2031, describing the move as an important step forward in improving the energy performance of the UK’s commercial building stock.

GOLDBECK commits to three-year schools partnership to inspire Cardiff’s future construction talent

GOLDBECK has launched a new long-term education initiative in Cardiff, committing to support three local primary schools as part of a programme designed to introduce young children to enterprise, careers and the wider world of construction.

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