Rinnai Corporation: A Specialist in Gas Appliances

Founded in 1920, Rinnai Corporation with its headquarters in Nagoya, Japan, employs 3,185 people and generated sales of 172,365 billion yen (1.14 billion euros) in the fiscal year 2001/2002. The product program encompasses a broad range of gas appliances: hot-water heaters, cookers as well as cooling and heating devices. Rinnai has four production facilities, 20 branches and 86 sales offices in Japan alone. The company has a total of 14 joint ventures mostly in Asia, but also in Australia, Brazil, the United Kingdom, New Zealand and the United States.

The Japanese producer of gas appliances received the first license from Germany in 1958. In 1970 the first foreign subsidiary was established in Taiwan; the first affiliate in Europe was set up in the U.K. in 1976. Rinnai was initially quoted on the stock market in 1979.