Schneider Toshiba Inverter SAS has opened operations in China and in the United States
Schneider Toshiba Inverter SAS, the joint venture between Schneider Electric and Toshiba Corporation in industrial variable speed drives has opened a subsidiary in Suhzou (China) and in Houston (United States).
In China, Schneider Suhzou Drives will manufacture variable speed drives (Altivar 28 and Altivar 58) and will supply to Schneider for the local market.
ST Inverter America, Inc. will be dedicated to Research & Development and the manufacture of new ranges of industrial variable speed drives.
Schneider Toshiba Inverter SAS, world leader in its market, with 470 employees and sales of €400 million in 2002, has a strong, well-balanced market position in Europe, Japan and the United States.
Schneider Toshiba Inverter SAS is a holding company, in which Schneider Electric holds a 60% stake and Toshiba Corporation 40%. It already controls two marketing, development, purchasing and production subsidiaries, Schneider Toshiba Inverter Europe (STIE) located in Pacy-sur-Eure (France) and Toshiba Schneider Inverter Co., located in Japan. The Management Committee comprises a Japanese Vice-Chairman, a French Marketing and Finance Vice-President and a Japanese Technical Vice-President.
Schneider Toshiba Inverter SAS has also just received the French Quality Trophy which is awarded for both management and personnel commitment, quality strategy and targets, operating results, customer satisfaction and commitment to the community.
« This award and the inauguration of our subsidiaries in China and the United States symbolize our intention to pursue a strong growth policy and respect the commitments we made when we created the company » said Elie Belbel, Chairman and CEO of Schneider Toshiba Inverter SAS.
Schneider Toshiba Inverter SAS is the fruit of a ten year cooperation between Schneider Electric and Toshiba in the industrial control and low voltage distribution sectors, which has resulted in a number of other joint ventures :
1992: joint-venture in Batam, Indonesia, to manufacture contactors,
1998: joint-venture in Japan, to develop small variable speed drives,
1999: joint-venture in Japan to sell a joint range of electrical distribution and industrial control products.
> About Toshiba Corporation
Toshiba Corporation is a world leader in information and communication systems, electronic components, consumer goods and electrical equipment. With its 170,000 employees worldwide, Toshiba Corporation generates sales of 45 billion of US dollars.
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