Toshiba Carrier to begin manufacturing in Europe

Toshiba Carrier Corporation is investing approximately Yen3bn in a new manufacturing subsidiary in Gniezno, Poland to enhance its business foundation and presence in Europe. The new manufacturing subsidiary, its first in Europe, is scheduled to start operations before the end of this year.

Europe has seen sound HVAC growth for the last three years (2016–2018) with a compound annual growth rate over 6 per cent, and is expected to enjoy sustainable growth driven by solid demand for energy-efficient HVAC products to address environmental concerns and legislation. Europe is also witnessing a recent surge in sales of heating and hot water supply equipment using heat pumps, or air to water (ATW) equipment as an alternative for heating and hot water supply equipment using gas and other conventional boilers. 

The new manufacturing facility will allow Toshiba Carrier to reduce product lead time by one-third, reduce product cost, and bolster its product lineup catering to particular needs in Europe. 

Poland’s quality workforce, proximity to western European nations and attractive investment incentivesare the major factors for Toshiba Carrier to locate its first European manufacturing base in the country. 

David Dunn, TCUK’s managing director sales, said: “The announcement of our new European factory is excellent news for TCUK customers. The Yen3bn 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.”

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