Toshiba Corporation, United Technologies to set up engineering centres in India

NEW DELHI: Toshiba Corporation and United Technologies Corporation have announced plans to establish engineering centres in India, North America and Europe to support global innovation for heating, ventilating and air-conditioning (HVAC) products.

"This cooperation is the first to result from the companies' recent agreement to further strengthen their strategic collaboration through their joint venture Toshiba Carrier Corporation (TCC)," Toshiba said in a statement.

The two companies also agreed on plans to localise manufacturing in the same regions in a similar time frame, it added.

Toshiba Corporation is a leading manufacturer and provider of electric and electrical products and systems, and United Technologies, of which Carrier is a part, is the world's largest provider of building technologies.

The companies will also continue to explore collaboration on smart cities and machine-to-machine solutions, the statement said.

Toshiba Corporation, a Fortune Global 500 company, was founded in Tokyo in 1875.

United Technologies is a Hartford, Connecticut based firm that provides high technology products and services to building and aerospace industries.