World News
Chemours places CEO on administrative leave
USA: Chemours has placed its president and CEO Mark Newman, CFO Jonathan Lock and principal accounting officer Camela Wisel on administrative leave pending the completion of an internal review….
Seeley to boost production in US export push
AUSTRALIA: Evaporative cooling equipment manufacturer Seeley International is to upgrade and expand its manufacturing plant in Lonsdale, South Australia, to boost exports to the USA….
EPEE calls for RACHP recognition
BELGIUM: The European Partnership for Energy and the Environment (EPEE) has called for recognition of the critical role of RACHP technologies in energy efficiency and climate mitigation. …
Copeland opens controls R&D lab in Italy
USA/ITALY: Copeland has opened a new innovation lab at its Copeland Controls srl site in Belluno, Italy….
Leak detection software attracts $5m funding
USA: The refrigerant leak detection software created by San-Jose-based Axiom Cloud has attracted $5m in funding to accelerate its deployment….
Midea opens showroom in New York
USA: Chinese air conditioning and heat pump manufacturer Midea has opened its first national showroom and distribution centre in New York….
European heat pump sales down 5% in 2023
EUROPE: After a decade of increases, heat pump sales in Europe fell by around 5% in 2023 – and market analysts are expecting this downward trend to continue this year….
Modine buys Canadian AHU manufacturer
USA/CANADA: Modine has entered into a definitive agreement to acquire Canadian air handling unit manufacturer Scott Springfield Manufacturing. …
Stulz partners on immersion cooling
GERMANY/NETHERLANDS: Stulz Modular, the data centre design, build and maintenance services provider, is cooperating with Dutch immersion cooling specialist Asperitas in the field of liquid cooling….
Hoshizaki acquires 25% stake in Fogel
PANAMA: Japanese refrigeration equipment manufacturer Hoshizaki has acquired a 25% stake in Fogel Company Inc, a manufacturer of commercial refrigeration equipment based in Republic of Panama, for US$28m….