1. Home
  2. Press release
Jan 31, 2019 11:53 JST

Source: Mitsubishi Heavy Industries, Ltd.

MHI Thermal Systems to Strengthen Sales Network for Air-Conditioning and Refrigeration Business in Turkey
Agreement Concluded to form Joint Venture with Major Local Partner Firm in Turkey

- European subsidiary MHIAE to acquire a portion of shares in a subsidiary of Form Group, and establish a joint venture in April.
- New company aims to greatly expand market share, mainly for building-use multi-air conditioning systems (VRF).

TOKYO, Jan 31, 2019 - (JCN Newswire) - Mitsubishi Heavy Industries Thermal Systems, Ltd., a Group company of Mitsubishi Heavy Industries, Ltd. (MHI), has concluded an agreement with the shareholders of Form VRF Sistemleri Sanayi ve Ticaret A.Ş., a Group company of Form Group, having manufacturing and sales and service facilities for heat pumps and air-conditioners in Istanbul, Turkey, to establish a joint venture to provide sales and servicing for air-conditioning and refrigeration systems. The aim of the joint venture is to strengthen the sales network in Turkey through close cooperation between the two corporate groups, and substantially increase their market share in the country, for MHI Thermal Systems' product of split type Residential Air Conditioners (RAC) & Packaged Air Conditioners (PAC), and VRF (Variable Refrigerant Flow) multi-air conditioning systems.
The joint venture, which will be called Form MHI Klima Sistemleri Sanayi ve Ticaret A.Ş., is projected to establish in April. Mitsubishi Heavy Industries Air-Conditioning Europe, Ltd.

 


(MHIAE), a wholly-owned subsidiary of MHI Thermal Systems that handles sales and servicing of air conditioners and heat pump water heaters in the European market, will acquire a portion of the shares in Form VRF Sistemleri Sanayi ve Ticaret A.Ş., a Form Group company and local agent for MHI Thermal Systems' air conditioners since 2011.

The joint venture will be headquartered in Turkey's largest city of Istanbul, with sales offices in the major cities of Ankara, Izmir, Bursa, Antalya, and Adana, comprising a structure covering the whole of the country. Form MHI Klima Sistemleri will integrate Form Group's advanced technical sales forces and broader customer network with the MHI Group's technical capabilities, and work to expand the business.

MHI Thermal Systems, by offering in a timely fashion high-efficiency products and products with exceptional environmental loading reduction performance utilizing the natural refrigerant CO₂ and other systems for the Turkish market, where environmental regulations are of a similar standard to Europe, will strengthen its market competitiveness while contributing to the prevention of global warming.

Contact:
Corporate Communication Department
Mitsubishi Heavy Industries, Ltd.
Email: mediacontact_global@mhi.co.jp
Tel: +81-(0)3-6716-2168
Fax: +81-(0)3-6716-5860
Source: Mitsubishi Heavy Industries, Ltd.
Sectors: Engineering

Copyright ©2024 JCN Newswire. All rights reserved. A division of Japan Corporate News Network.

Related Press Release

MHI Begins Operation of SOEC Test Module the Next-Generation High-Efficiency Hydrogen Production Technology at Takasago Hydrogen Park
April 25 2024 16:45 JST
 
Mitsubishi Heavy Industries and NGK to Jointly Develop Hydrogen Purification System from Ammonia Cracking Gas
April 18 2024 16:01 JST
 
Heidelberg Materials North America Announces Latest Milestone in Edmonton CCUS Project
April 12 2024 13:39 JST
 
MHIAEL Completes Expansion of the its Nagasaki Plant for Manufacture of Aero Engine Combustors
April 11 2024 17:08 JST
 
Mitsubishi Shipbuilding Acquires Approval in Principle (AiP) from Classification Society ClassNK for Ammonia Fuel Supply System (AFSS)
April 11 2024 16:50 JST
 
Mitsubishi Shipbuilding Receives Order for Ammonia Fuel Supply System for Ammonia-Powered Marine Engine
April 10 2024 15:55 JST
 
Mitsubishi Power Receives Order from HK Electric for Natural-gas-fired GTCC Power Generation Equipment
April 09 2024 14:04 JST
 
MHI Thermal Systems Adds New KXZ3 Series of Building-use Multi-Split Air- Conditioners Adopting R32 Refrigerant
April 09 2024 12:40 JST
 
MHI Concludes Positive Impact Finance Agreement
March 29 2024 18:20 JST
 
Mitsubishi Shipbuilding Receives Order from the University of Tokyo for "MiPoLin" Power Prediction and Lines Selection System
March 28 2024 15:45 JST
 
More Press release >>

Latest Press Release


JCB enables JCB Contactless acceptance at Taichung MRT in Taiwan
Apr 26, 2024 10:00 JST

Mazda Production and Sales Results for March 2024 and for April 2023 through March 2024
Apr 25, 2024 18:21 JST

MHI Begins Operation of SOEC Test Module the Next-Generation High-Efficiency Hydrogen Production Technology at Takasago Hydrogen Park
Apr 25, 2024 17:45 JST

GAC Honda to Begin Sales of All-new e:NP2, the Second Model of e:N Series
Apr 25, 2024 16:50 JST

Toyota Exhibiting at Beijing Motor Show 2024
Apr 25, 2024 16:25 JST

Honda Reaches Basic Agreement with Asahi Kasei on Collaboration for Production of Battery Separators for Automotive Batteries in Canada
Apr 25, 2024 11:10 JST

UNIQLO Sponsors KAWS + Warhol Exhibition Tour, Starting in Pittsburgh
Apr 25, 2024 09:00 JST

Mitsubishi Power Begins Commercial Operation of Seventh M701JAC Gas Turbine in Thailand GTCC Project; Achieves 75,000 AOH To-Date
Apr 24, 2024 17:19 JST

MC and Denka Sign J/V Agreement in Fullerene Business
Apr 24, 2024 17:02 JST

Mitsubishi Motors Posts Record Sales in the Philippines in FY2023
Apr 24, 2024 13:56 JST

NEC Develops High-speed Generative AI Large Language Models (LLM) with World-class Performance
Apr 24, 2024 13:25 JST

Fujitsu SX Survey reveals key success factors for sustainability
Apr 23, 2024 10:25 JST

Fujitsu and METRON collaborate to drive ESG success: slashing energy costs, boosting productivity with new manufacturing industry solutions
Apr 22, 2024 16:09 JST

NEC Strengthens Commitment to Space Industry with Investment in Seraphim Space Venture Fund II
Apr 22, 2024 15:09 JST

Soft Space Launches the First and Only JCB Payment Gateway in Malaysia
Apr 22, 2024 15:00 JST

TOYOTA GAZOO Racing takes a one-two in Croatian thriller
Apr 22, 2024 10:47 JST

First-ever Mazda CX-80 Crossover SUV Unveiled in Europe
Apr 19, 2024 13:50 JST

Fujitsu develops technology to convert corporate digital identity credentials, enabling participation of non-European companies in European data spaces
Apr 19, 2024 10:17 JST

Mitsubishi Heavy Industries and NGK to Jointly Develop Hydrogen Purification System from Ammonia Cracking Gas
Apr 18, 2024 17:01 JST

Toyota Launches All-New Land Cruiser "250" Series in Japan
Apr 18, 2024 13:39 JST
 More Latest Release >>