News Article

Toshiba, UTC Plan Fuel Cell Venture

Home

TOKYO, Japan (20 September 2000) — Yesterday Toshiba announced it will establish a joint venture with United Technologies Corp. (UTC) to develop, manufacture, sell and maintain fuel cells. Toshiba’s fuel cell systems division will form the core of the new company that will be based in Tokyo and begin in April 2001. Not yet know […]

TOKYO, Japan (20 September 2000) — Yesterday Toshiba announced it will establish a joint venture with United Technologies Corp. (UTC) to develop, manufacture, sell and maintain fuel cells. Toshiba’s fuel cell systems division will form the core of the new company that will be based in Tokyo and begin in April 2001. Not yet know is the new company’s name, its president or its capitalization.
UTC is a Hartford, Connecticut-based company specializing in technology in aviation and building systems. The new venture will target Japanese and other Asian markets for residential and industrial use. The two parent companies will market products separately. (JW)

Comment on this article