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Friday, 20 April 2018, 17:29 HKT/SGT

Source: Mitsubishi Heavy Industries, Ltd.
Mitsubishi Heavy Industries-Haier (Qingdao) Air-Conditioners Co., Ltd., Joint Venture with Haier
Commercial-use Air Conditioner Production and Sales Company in Qingdao, China, Relocated

- Operations at new head office and manufacturing plant launched April 20
- Relocated in tandem with urban redevelopment program
- Business scale steadily expanding, supported by solid demand in Chinese market

TOKYO, Apr 20, 2018 - (JCN Newswire) - Mitsubishi Heavy Industries Thermal Systems, Ltd. (MTH), a Group company of Mitsubishi Heavy Industries, Ltd. (MHI), today opened its newly relocated head office and manufacturing plant for Mitsubishi Heavy Industries-Haier (Qingdao) Air-Conditioners Co., Ltd. (MHAQ), a joint venture in China with Qingdao Haier Co., Ltd. (Haier), a leading producer of home appliances and electronics. From its home base in Qingdao, Shandong Province, MHAQ manufactures and sells commercial-use air-conditioners. Its head office and manufacturing facility were transferred to a new location in the city's Jimo District in tandem with an urban redevelopment program overseen by Qingdao's municipal administration authority.

A ceremony was held at the new site to mark the occasion. Attendees included: representing MHI, Kazuaki Kimura, Senior Executive Vice President and President & CEO of the Industry & Infrastructure domain; representing MTH, President & CEO Kaoru Kusumoto; and representing MHAQ, President Masahiko Sakamoto. Haier, the JV partner, was represented by Wang Li, President of Qingdao Haier Air Conditioning Electronic Co., Ltd.

Construction of MHAQ's new head office and manufacturing plant started in autumn 2017 in an area north of Qingdao's city center. Both facilities are housed in a 4-story steel-frame structure with a total floor area of approximately 60,000m2. MHAQ produces and sells commercial-use air conditioners for office buildings and shops, mainly in the Chinese market. It also produces residential-use multi-system air conditioners for use in condominiums, a market undergoing robust growth. In line with the special needs of the Chinese market, multiple indoor units can be operated with a single outdoor unit.

MHAQ was established in 1993, with MTH contributing a 55% equity share and Haier providing the remaining 45%. Supported by solid demand within the Chinese market, the company has posted steady growth in both production and sales volumes.

MTH is a specialist in air-conditioning and refrigeration systems offering innovative thermal solutions, and will continue to develop highly competitive products to further enrich people's lives all around the world. The company will also devote resources to optimizing production structures - including adjustments to the locations of its bases worldwide - in order to become even more competitive within the global market and to help protect the global environment.

About Mitsubishi Heavy Industries, Ltd.

Mitsubishi Heavy Industries (MHI) Group is one of the world's leading industrial firms. For more than 130 years, we have channeled big thinking into solutions that move the world forward - advancing the lives of everyone who shares our planet. We deliver innovative and integrated solutions across a wide range of industries, covering land, sea, sky and even space. MHI Group employs 80,000 people across 400 locations, operating in three business domains: "Power Systems," "Industry & Infrastructure," "Aircraft, Defense & Space." We have a consolidated revenue of around 40 billion U.S. Dollars. We aim to contribute to environmental sustainability while achieving global growth, using our leading-edge technologies. By bringing people and ideas together as one, we continue to pave the way to a future of shared success.

For more information, please visit MHI's website:
For Technology, Trends and Tangents, visit MHI's new online media SPECTRA:

Joseph Hood, PR Manager
Mitsubishi Heavy Industries, Ltd.
Email: [email protected]
Tel: +81-(0)3-6716-2168
Fax: +81-(0)3-6716-5860

Apr 20, 2018 17:29 HKT/SGT
Source: Mitsubishi Heavy Industries, Ltd.

Topic: Press release summary
Sectors: Engineering
From the Asia Corporate News Network

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