Johnson Controls-Hitachi Air Conditioning will establish a new joint venture, Johnson Controls-Hitachi Air Conditioning Vietnam Limited Liability Company, with Thang Uy Engineering Asia Pvt. Ltd. The new company will function as Johnson Controls-Hitachi Air Conditioning’s sales company in Vietnam, providing a wide variety of air conditioning solutions ranging from residential and commercial air conditioners through to large-tonnage chillers and other related services. The group is working to strengthen sales networks in various Southeast Asian nations. A service network covering 64 provinces and a product training center for training technical staff will also be established. The company will aim to achieve double-digit market share in Vietnam within 5 years and will contribute to the provision of improved air conditioning environments through the supply of high-quality air conditioning solutions under the Hitachi brand.
The market has generally been slow be it televisions or home appliances. Dishwashers saw a spurt for a couple of months, but the boom seems to be over for that...Read More