In 1998, Toshiba Corporation announced the signing of a memorandum of understanding with the intent of forming a global alliance with Carrier Corporation. This partnership will focus their complementary capabilities on the development, manufacture and sales and marketing of air-conditioning equipment and systems to cultivate the ever-growing global marketplace for air-conditioning systems. Under this alliance, Toshiba Corporation will separate its Air Conditioning Equipment Division, and establish a joint venture company in Japan called Toshiba Carrier Corporation.

The new global alliance will highlight the technology leadership and manufacturing experience of both companies and combine their complementary sales and marketing networks. This partnership allows Carrier and Toshiba Carrier Corporation to market HVAC products with both the Carrier and Toshiba trademarks worldwide.

Toshiba delivers technology and products remarkable for their innovation and artistry – contributing to a safer, more comfortable, more productive life. We bring together the spirit of innovation with our passion and conviction to shape the future and help protect the global environment – our shared heritage. We foster close relationships, rooted in trust and respect, with our customers, business partners and communities around the world.