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MHI bonds with NIBE Industries AB of Sweden and enters the European market |
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Tuesday, 03 February 2009 |
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Mitsubishi
Heavy Industries, Ltd. (MHI) has decided to tie up with NIBE Industrier AB,
Sweden's
largest heating equipment manufacturer, and enter the European air-to-water
heat pump market. By combining MHI's DC inverter technology for outdoor units
established through its air-conditioner business and NIBE's technology applied
to hot-water supply, the two companies plan to introduce products that are both
highly efficient in energy saving and high in performance.
Targeting the residential
heating and hot-water supply market in western and northern Europe, MHI will
enter this market with a heat-pump type system that can achieve three times
higher energy efficiency than conventional electrical boiler type systems, and
also offers advantages in environmental aspects such as contributing to
prevention of global warming and reductions in running costs.
Along with this business expansion initiative in Europe, MHI intends to enhance
production capacity at Thai Compressor Manufacturing Co., Ltd. (THACOM), its
rotary compressor manufacturing subsidiary in Thailand. The rotary compressor is
a component of the products to be developed with NIBE.
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