Johnson Controls-Hitachi Air Conditioning said it will establish a new joint venture, Johnson Controls-Hitachi Air Conditioning Vietnam Limited Liability Company, with Thang Uy Engineering Asia Pte. Ltd. on October 1, 2018.
The new company will function as Johnson Controls-Hitachi Air Conditioning's sales company in Vietnam, providing air conditioning solutions ranging from residential and commercial air-conditioners through to large-tonnage chillers and other related services.
The company said the venture aims to capitalize on the recent strong economic growth in Southeast Asia.
