News Headlines
News Headlines Category
LG air conditioners to be manufactured in Egypt
EGYPT: LG has signed a deal with Egyptian company Raya Electric to manufacture its LG-branded residential air conditioners in the country….
Further CO2 heat pump for Aalborg seawater DH project
SWITZERLAND/DENMARK: MAN Energy Solutions is to supply a further CO2 heat pump to one of the world’s largest naturally-cooled seawater heat pump plants in Aalborg, Denmark….
Carrier sales up 12%
USA: Carrier has reported strong Q2 2024 financial results with sales up 12% to $6.7bn compared to last year….
Bosch sees leading HVAC role with JCH purchase
GERMANY: Bosch has described its €7.4bn acquisition of the Johnson Controls-Hitachi Air Conditioning (JCH) joint venture as the biggest transaction in the company’s history, doubling its Home Comfort business….
Decomposing refrigerants with industrial waste
SOUTH KOREA: Researchers from the Korea Institute of Energy Research (KIER) claim to have developed a technology to decompose R134a refrigerant using an industrial waste product….
JCI-Hitachi confirms $8.1bn JV sale to Bosch
JAPAN/USA/GERMANY: Johnson Controls and Hitachi have confirmed an agreement to sell their European air conditioning joint venture business to German manufacturer Robert Bosch in an $8.1bn deal….
Bosch leads bid for JCI-Hitachi JV
JAPAN: German company Robert Bosch is reported to be the leading candidate to acquire the Johnson Controls-Hitachi domestic air conditioning joint venture. …
Munters set to acquire Geoclima
SWEDEN/ITALY: Pioneering Italian chiller manufacturer Geoclima is set to be acquired by Swedish air treatment and climate solutions company Munters. …
European heat pump sales down 6.5% in 2023
BELGIUM: Heat pump sales were 6.5% lower in 2023, the first fall after ten years of annual growth, threatening Europe’s 2030 climate targets….
Hong Kong intercepts US-bound refrigerant shipment
HONG KONG: Customs officers have intercepted a shipment of refrigerant being smuggled from Hong Kong to the USA….