Mitsubishi Heavy Industries Thermal Systems

Mitsubishi Heavy Industries Thermal Systems Ltd. has reached an agreement for a joint venture with Turkish company Form VRF Systems to establish manufacturing, sales and service facilities in Istanbul, Turkey.

Mitsubishi Heavy Industries Thermal Systems has concluded an agreement to establish a joint venture with Form Group in Turkey, named Form MHI Klima Sistemleri, to strengthen sales of air-conditioning and refrigeration systems. The joint venture is projected to be established in April 2019.

Mitsubishi Heavy Industries Thermal Systems agreed with Form Group shareholders to establish a joint venture, Form MHI Klima Sistemleri, for sales and servicing of air-conditioning and refrigeration systems in Turkey. The JV is projected to launch in April 2019.

Mitsubishi Heavy Industries Thermal Systems has expanded production at its joint venture MACO in Thailand, including a new third factory and electrical assembly works. Total investment was approximately ¥3.0 billion, aiming to boost production to 2.7 million units by fiscal 2020.

Mitsubishi Heavy Industries Thermal Systems Ltd. formed a joint venture with the German Heifo Group, effective 1 September 2018. Heifo contributed its transport refrigeration business to Mitsubishi Heavy Industries Thermal Transport Europe GmbH to expand the European market.

Mitsubishi Heavy Industries Thermal Systems has concluded an agreement with HEIFO Rüterbories GmbH & Co. KG to establish a joint venture, Mitsubishi Heavy Industries Thermal Transport Europe GmbH, in Osnabrück, Germany, to provide sales and servicing of truck/trailer reefers in Europe. The JV will launch in September 2018 with MHI Thermal Systems holding a 60% stake and capitalized at €6 million.

Mitsubishi Heavy Industries-Haier (Qingdao) Air-Conditioners Co., Ltd. (MHAQ) opened a new head office and manufacturing plant in Qingdao's Jimo District, replacing its previous facility. The new plant has a total floor area of approximately 60,000 m².

Mitsubishi Heavy Industries Thermal Systems and Chubu Electric Power jointly developed the 'Q-ton Circulation' industrial heat pump, which uses low-GWP refrigerant R454C for the first time in Japan. It will be released from August 2018.

Mitsubishi Heavy Industries Thermal Systems completed a third factory and electrical assembly plant at its Thai joint venture MACO, with a total investment of approximately ¥3.0 billion. Production capacity is expected to increase to 2.7 million units by fiscal 2020, a 30% increase from fiscal 2015.

Mitsubishi Heavy Industries began full operation of a new factory in Bangkok, Thailand, investing 3 billion yen to build a third plant for air conditioner parts and an electronics board plant. Production target is 2.7 million units annually by fiscal 2020, a 30% increase from fiscal 2015.

Mitsubishi Heavy Industries Thermal Systems has relocated its air-conditioning and refrigeration systems operations from Takasago to Kobe, Japan. The new site, named MHI Thermal Systems Kobe Works, began operations on September 4, 2017, and includes a large chiller plant with latest testing equipment.

Mitsubishi Heavy Industries Thermal Systems (MTH) is expanding its joint venture MACO in Thailand by building a third factory for parts manufacturing and an electrical components factory. The expansion will increase production volume to 2.7 million units by fiscal 2020, with a total investment of approximately ¥3.0 billion.