Plumbing. Heating. Conditioning. Energy Efficiency.

A joint venture between Midea and Fuji

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28 April 2012
On March 21, leading Chinese appliance manufacturer Midea announced the establishment of PT. Midea HVAC Indonesia, a joint venture between PT.Fuji Electric and Midea Singapore.

The company was established with an initial investment of US$ 5 million to develop the commercial air conditioner business in Indonesia.

The move follows the establishment of the joint venture Midea Planet Indonesia in 2010 to develop the residential air conditioner, refrigerator, and washing machine market segments.

Source: ejarn.com

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