Luvata completes purchase of remaining share of Thailand joint venture company
(25 March 2015) Luvata confirms it has completed the purchase of all remaining shares of its tubes-manufacturing business in Chachoengsao, Thailand from Hitachi Metals. Hitachi Metals had a 36% share in the joint venture.
“Luvata now owns 100% of Luvata Heating and Cooling Technologies Ltd. We thank Hitachi for their many years of support as we take over sole management of this business,” comments Ron Beal, President of Luvata Tubes Division.
For more information, please contact:
Senior Vice-President of Communications
Tel: +44 (0)208 380 0300
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Luvata is a world leader in metal solutions manufacturing and related engineering services. Luvata’s solutions are used in industries such as renewable energy, power generation, automotive, medicine, air-conditioning, industrial refrigeration, and consumer products. The company’s continued success is attributed to its longevity, technological excellence and strategy of building partnerships beyond metals. Employing over 6,300 staff in 18 countries, Luvata works in partnership with customers such as Siemens, Toyota, CERN and Carrier. Luvata is owned by Nordic Capital funds V and VI.