World News

Industry news and insights from Europe and around the World

UK News

Latest news and developments in the United Kingdom

Products

Keep up-to-date with the latest new products and technology

Features

General articles, applications and industry analysis

Home | World News | MHI to split air conditioning business

MHI to split air conditioning business

9th February 2016

JAPAN: Mitsubishi Heavy Industries is to split off its air conditioning and refrigeration business to a wholly-owned group company.

MHI Air Conditioning & Refrigeration will have a capitalisation of JPY150m (€1.15m) and is expected to become effective on October 1.

MHI says it needs a dynamic business management, capable of agile decision making to respond to changes in a global market vulnerable to changes in economic trends and environmental regulations.

Share this post:   Facebook Whatsapp Telegram Twitter Email

Latest News

5th February 2025

Johnson Controls appoints new CEO

IRELAND: Johnson Controls has appointed Joakim Weidemanis as CEO, following last year’s announcement that George R Oliver would be stepping down from the role. 
5th February 2025

Lennox Samsung JV ductless units launched

USA: The Samsung Lennox North American joint venture, announced last year, has unveiled its first ductless heat pump offerings – the Samsung mini-split system and Varix VRF.
4th February 2025

Broadcaster John Sergeant is IoR dinner speaker

UK: Television and radio journalist and broadcaster John Sergeant will be providing the after dinner speech at the IoR Annual Dinner this month.
4th February 2025

Panasonic now HVAC provider to FC Barcelona

SPAIN: Panasonic has signed a sponsorship deal with FC Barcelona to become the new Heating Ventilation Air Conditioning provider for the development of the football club’s Camp Nou stadium complex.
4th February 2025

Bitzer offers commissioning and health check

UK: Green Point UK, Bitzer’s compressor remanufacturing company, has launched a new commissioning and health check service for UK refrigeration contractors.
4th February 2025

Move to -15°C needs holistic approach

UK: A leading refrigeration contractor has warned that a move to -15°C for frozen food storage may not deliver the benefits expected and could even create new problems.