Paloma Industries Ltd. | Introduction
Introduction
6-23 Momozono-cho, Mizuho-ku
Nagoya
467-8585
Japan
Telephone: +81 52 824 5031
Fax: +81 52 824 4366
Web site: http://www.paloma.co.jp
Private Company
Incorporated: 1911
Employees: 10,400
Sales: ¥240 billion ($2.01 billion) (2004)
NAIC: 333414 Heating Equipment (Except Electric and Warm Air Furnaces) Manufacturing
Paloma Industries Ltd. is one of the world's leading producers of gas-powered water heaters, boilers, and other appliances. Based in Nagoya, Japan, Paloma has pioneered energy-efficient water heater designs, including the "tankless" water heater, which, because it provides instantaneous hot water, does not require large water tanks. Paloma produces a variety of appliances, primarily for the domestic market, including gas cooking stoves, gas rice cookers, gas space heaters, and bath heating systems, as well as swimming pool heating systems. The company also manufactures air conditioners for the residential market and appliances for industrial and commercial use, as well as road heating systems for public works and other projects. Since the late 1980s, Paloma also has been a force on the international heating market, through its acquisition of the United States' Rheem Manufacturing Company, based in New York, and one of the global central heating and cooling leaders. Paloma also has been acquiring other members of the Rheem licensing group, including Rheem operations in Canada, Mexico, and Singapore, and, since 2002, in Australia and New Zealand. In addition to Rheem, Paloma's international operations include Raypak in the United States and Canada. Paloma Industries is a private company, controlled by the founding Kobayashi family and led by President Toshihiro Kobayashi. In 2004 the company's sales topped ¥240 billion ($2 billion).