Toshiba Carrier to establish new manufacturing subsidiary in Europe
Topics: TOSHIBA MANUFACTURING EUROPE
The heating, ventilating and air-conditioning (HVAC) joint venture between Toshiba Corporation and Carrier Corporation will invest approximately 3.0 billion Japanese yen in this subsidiary to enhance its business foundation and presence in Europe.
The new manufacturing subsidiary is scheduled to start its operation before the end of 2020.
The new manufacturing facility will allow Toshiba Carrier to reduce product lead time by one-third, reduce product cost, and bolster its product lineup catering to particular needs in Europe.
Poland’s quality workforce, proximity to Western European nations and attractive investment incentives are the major factors for Toshiba Carrier to locate its first European manufacturing base in the country.
The establishment of the new subsidiary will boost Toshiba Carrier’s global manufacturing and engineering portfolio, which includes on-going programs such as a new global R and D center at Fuji Operations and the relocation and expansion of development and manufacturing facilities at Toshiba Carrier Air Conditioning (China) Co., Ltd., in Hangzhou, China.
With these proactive investment initiatives inside and outside Japan and its long-standing alliance with Carrier Corporation, Toshiba Carrier strives to capitalize opportunities in order to better serve customers with better solutions and further grow globally. ■