Carrier and Midea to Form J.V. in China

Carrier, a unit of United Technologies, and Guangdong Midea Electric Appliances, a unit of the Midea Group, have signed an agreement to form an air-conditioning manufacturing joint venture, Foshan Midea Carrier Air-Conditioning Equipment, in Shunde, China. Mr. He XiangJian, chairman of the Midea Electric board, and Mr. Geraud Darnis, chairman and president of Carrier, cel- ebrated the contract signing in Guangzhou.