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An agreement between Ingersoll Rand and Mitsubishi Electric regarding establishment of the joint venture was reached in January 2018 [1] and the company started operation in mid-2018. [2] METUS markets, sells and distributes heating and air-conditioning systems in the United States and Latin America. [3]
Mitsubishi Electric United States, Inc. is the principal subsidiary of Mitsubishi Electric Corporation in the United States. It is headquartered in Cypress, California and was incorporated in 2002 [ 1 ] and its affiliates, have roughly 31 locations throughout North America with approximately 5,000 employees.
Mitsubishi Electric was established as a spin-off from the Mitsubishi Group's other core company Mitsubishi Heavy Industries, then Mitsubishi Shipbuilding, as the latter divested a marine electric motor factory in Kobe, Nagasaki. It has since diversified to become the major electronics company.
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For example, a Rinnai America tankless non-condensing natural gas water heater goes for roughly $1,000 at Home Depot, while a comparable condensing tank goes for about $1,800.
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