Turkey — Keystone of Global AC Industry

Recently, contrasting phenomena have occurred on the north and south sides of the Black Sea. Ukraine on the north side has been hit by a devastating war, while Turkey on the south side has been experiencing an investment boom. In the Turkish air conditioning market, Daikin and Mitsubishi Electric, the two strong players in the global air conditioning industry, announced at the end of May that they will make further investments in order to expand their local production. For full details, please see the Daikin article on page 34 and the Mitsubishi Electric article on page 32.