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MHI Establishes subsidiary to oversee air-conditioning business in China |
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Wednesday, 12 May 2010 |
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Mitsubishi Heavy Industries, Ltd. (MHI) has newly established Mitsubishi Heavy Industries Air-conditioners (Shanghai) Co., Ltd. (MHIAS) to comprehensively oversee the company's air-conditioning and refrigeration system (AC&R) business in China.
The new company dedicated to marketing and servicing MHI's AC&R products was established by separating and making independent the AC&R operations of Mitsubishi Heavy Industries (Shanghai) Co., Ltd. (MHISH), a wholly owned MHI subsidiary.
Through this initiative MHI looks to expand its market share in China by creating a business structure able to respond dynamically to local demand, which is expected to grow further ahead. A ceremony to celebrate the establishment of MHIAS took place in Shanghai on May 8.
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