Toshiba Carrier Corporation is to establish a new manufacturing subsidiary in Poland to produce air conditioning and heat pumps for the European market.
The joint venture between Toshiba Corporation and Carrier Corporation will see the factory built in the city of Gniezno, with production scheduled to start later this year.
Toshiba Carrier says the new manufacturing facility will allow it to reduce product lead time by one-third, reduce product cost, and bolster its product line-up catering to particular needs in Europe.
David Dunn, TCUK’s managing director sales, said: “The announcement of our new European factory is excellent news for TCUK customers. The 3bn JPY investment reflects our continued commitment to the development of innovative and energy efficient heating, ventilating and air conditioning products. The European market is a key growth driver for Toshiba Carrier, and having a factory on our doorstep so close to our customers will mean more influence on ensuring our future offering meets and exceeds UK and European customer expectations and industry requirements.”
Europe has has experienced significant growth in demand for HVAC equipment, including a recent increase in demand for heat pumps.
The establishment of the new subsidiary will boost Toshiba Carrier’s global manufacturing and engineering portfolio, which includes on-going programs such as a new global R&D center at Fuji Operations and the relocation and expansion of development and manufacturing facilities at Toshiba Carrier Air Conditioning (China), in Hangzhou, China.