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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]
The first mini-split system was sold in 1961 by Toshiba in Japan, and the first wall-mounted mini-split air conditioner was sold in 1968 in Japan by Mitsubishi Electric, where small home sizes motivated their development. The Mitsubishi model was the first air conditioner with a cross-flow fan.
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.
In May 2011 Mitsubishi Electric announced that it would exit the 65-inch (1,700 mm) and smaller categories of consumer television products in the U.S. and forming a new company based in Irvine, California, Mitsubishi Electric Visual Solutions America Inc., to focus on large-screen visual systems. [7] In April 2013, Mitsubishi Electric Power ...
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An alternative to packaged systems is the use of separate indoor and outdoor coils in split systems. Split systems are preferred and widely used worldwide except in North America. In North America, split systems are most often seen in residential applications, but they are gaining popularity in small commercial buildings. Split systems are used ...
In October 2020, Toshiba made a decision to pull out of the system LSI business citing mounted losses while reportedly mulling on the sale of its semiconductor fabs as well. [105] [106] In April 2021, CVC Capital Partners made a takeover offer. [107] On 12 November 2021, Toshiba announced that it would split into three separate companies.
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