International. Ingersoll-Rand and Mitsubishi Electric Corporation announced that their joint venture is now operating and serving customers.
The joint venture establishes Mitsubishi Electric Trane HVAC as a supplier of ductless and VRF systems in the United States and select countries in Latin America. The systems sold by the joint venture are highly efficient, mini-split, multi-split, and VRF air conditioners and variable speed heat pumps for homes, light commercial and commercial applications.
Keijiro Hora has been appointed Chief Executive Officer and Mr. Andrew Kelso has been appointed Chief Financial Officer. Hora has been with Mitsubishi Electric since 1981, most recently as president and chief executive officer of Mitsubishi Electric US, Inc., a role he will continue to play. Kelso has been with Ingersoll Rand since 1995, most recently as the financial leader for the company's industrial products businesses.
Ingersoll Rand and Mitsubishi Electric Corporation have the same ownership of Mitsubishi Electric Trane HVAC.
