Mitsubishi Heavy Industries (MHI) split off its air conditioning and refrigeration (AC[ds_preview]&R) business to its new wholly owned group company, Mitsubishi Heavy Industries Thermal Systems, effective 1 October 2016.
The AC&R business has reputation in its wide product lineup covering centrifugal chillers, heat pumps, transportation refrigerated units, and room and commercial air conditioners, and has met customers’ needs from residential use to industrial fields through world-leading technology in cooling and heating and innovative integrated control systems with help of Internet of Things (IoT).
With the split-off the AC&R business, MHI intends to increase the speed of its business operations to keep pace with changes in the business environment. It plans to implement a structure able to quickly make decisions and execute investments in order to compete success fully in global markets.
