Schneider and Toshiba form joint venture
On March 4, Schneider SA and Toshiba signed an agreement to form a joint venture called Schneider Toshiba Inverter. The new company will engineer, develop and manufacture electronic systems for electric induction motor control.
The joint venture will pool Toshiba’s experience and skills in electronic components and induction motors and Schneider’s expertise in motor production and variable speed drive applications. The alliance should quickly propel Schneider Toshiba Inverter to global leadership in the small speed drives market.
Schneider Toshiba Inverter will be based in Nagoya, Japan, and will have around 20 employees, mainly engineers and executives from Japan and France.