Johnson Controls, Hitachi Appliances Launch AC JV
Johnson Controls and Hitachi Appliances launched a joint venture called Johnson Control-Hitachi Air Conditioning. The JV, which will have 14,000 employees and operate in 24 global locations, will be active throughout Asia, Europe and Latin America.
It will offer air conditioning products including Hitachi’s variable refrigerant flow systems, residential air conditioning, high-efficiency chillers and rotary and scroll compressors. The company also will offer Johnson Control’s HVAC and building automation systems.
Johnson Controls holds 60 percent of the new entity and Hitachi Appliances the remainder. The JV launches with ¥350 billion – approximately $2.8 billion – in annual sales.
Johnson Controls also is active in the U.S. Yesterday, The Delaware County Daily Times reported that the Coatesville (PA) City Council voted 4-0 to approve a performance contracting between the city and Johnson Controls to cut energy use and save money. The contract covers LEDs, an HVAC retrofit to city hall, a cooling unit in the building’s computer room and non-energy related upgrades.
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