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Johnson Controls-Hitachi Wanbao Compressor (Guangzhou) signed an investment agreement with Conghua District to build a scroll compressor manufacturing plant with annual capacity of 1.2 million units. The project cost about CNY 480 million, with construction to start in Q2 2025 and production in Q4 2026.
Johnson Controls-Hitachi Air Conditioning's subsidiary Johnson Controls-Hitachi Wanbao Compressor (Guangzhou) signed the main terms of an investment contract with Conghua district for a scroll compressor project planned at about 100 mu of land, with investment of RMB 480 million.
Marelli agreed an equity transfer agreement with Johnson Controls-Hitachi to acquire an equity interest in Shanghai Highly New Energy Technology, an electric compressor maker, with completion estimated in Q3 2019.
