New Toshiba Carrier Corp. looks for global expansion.
Air Conditioning, Heating & Refrigeration News, September, 1998
FARMINGTON, Conn. -- Carrier Corp. has agreed to form a strategic alliance with Toshiba Corp., a Japanese manufacturer of residential and light commercial air conditioning and ventilation equipment, including compressors.
Under terms of this alliance, Toshiba will separate its air conditioning equipment division from the parent company and form a Japan-based joint venture with Carrier.
Carrier will own 40% of Toshiba Carrier Corp. and Toshiba will own 60%. Carrier's current Japanese subsidiary, Toyo Carrier, will become a part of the new joint venture company.
According to The Wall Street Journal, Toyo Carrier has about $200 million in annual sales, and Carrier also will make a cash payment of undetermined size.
Carrier had 1997...
- 5 Rules for Immediate Annuities
- Death in the Family: 12 Things to Do Now
- Dumbest Things You Do With Your Money
- 6 Online Networking Mistakes to Avoid
- 401(k) Mistakes to Avoid
- 5 Economic Scenarios to Keep You Up at Night
- The Real ‘Best Places to Retire’
- Best Credit Cards for You
- 12 Tough Questions to Ask Your Parents
- The Real ‘Best Colleges’
- Home Buyer Tax Credit: How to Cash In
- Why You Shouldn't Bash Cash
- 8 Phony 'Bargains' and Better Alternatives
- Danger: 3 Debit Card Scams to Avoid
- 6 Myths About Gas Mileage
- 29 Fees We Hate Most
- Quick and Easy Ways to Boost Returns
- Best Stocks to Buy Now
- Lower Your Taxes: 10 Moves to Make Now
- New Jobs: 8 Lessons from Real-Life Career Switchers
- The New Job Market: Who Wins and Who Loses?
- Health Care Reform's Public Option: Everything You Need to Know
- Volunteer Work When Unemployed: Should You Work for Free?
- Whose Recovery Is This?
- Long-Term-Care Insurance: 4 Biggest Risks to Avoid
Most Recent Business Articles
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- LIFO vs. FIFO: a return to the basics
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- Using object-oriented analysis and design over traditional structured analysis and design
- Design a commission plan that drives sales - Sales Commissions
