News Headlines
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Nibe seeks savings after heat pump slump
SWEDEN: Swedish manufacturer Nibe has announced plans to streamline its business after latest financial figures confirm declines in the European heat pump market….
Thermoacoustic fridge achieves greater efficiency
CHINA: Chinese scientists claim to have developed a heat-driven thermoacoustic refrigerator (HDTR) with a COP of 1.12, nearly three times higher than previously achieved….
LG explores compressor production in Saudi Arabia
SAUDI ARABIA: Korean air conditioning manufacturer LG and its Saudi Arabian distributor, the Shaker Group, are exploring the feasibility of manufacturing AC compressors in the Kingdom….
Kooltech Aberdeen to be sold to FSW
UK: The Aberdeen branch of air conditioning distributor Kooltech is to be sold to refrigeration wholesaler FSW in a deal to clear the way for Kooltech’s purchase by Wolseley UK….
Heat pumps “sidelined” in net zero strategy
BELGIUM: The European Heat Pump Association (EHPA) has accused the European Commission of sidelining heat pumps following today’s adoption of its Industrial Carbon Management Communication to reach net zero….
Carrier sales up 8% in 2023
USA: Despite flat fourth quarter sales compared to 2022, Carrier recorded sales for the year 2023 of $22.1bn, an 8% increase on 2022….
Dual-temperature reefer with CA functions
JAPAN: Transportation company Ocean Network Express (ONE) has commenced trials of what it claims is the world’s first dual-temperature refrigerated container equipped with controlled atmosphere (CA) functions….
Panasonic acquires 40% stake in Innova
JAPAN/ITALY: Panasonic has acquired a 40% stake in Italian air conditioning and heat pump manufacturer Innova, as part of a business alliance agreement….
EPA cracks down on illegal HFC imports
USA: The US Environmental Protection Agency has recently issued penalties of over $500,000 in a crack down on companies who have contravened the country’s HFC phase down regulations….
Acquisitions boost Beijer Ref sales in 2023
SWEDEN: Acquisitions boosted wholesaler Beijer Ref’s net sales in 2023 to SEK32,150m (€2,863m), a 42% increase on 2022. Organic sales grew 1.4%….