World News
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….
Poland intercepts R134a in car LPG tanks
POLAND: Customs officers in Terespol claim to have prevented seven attempts in the last month to smuggle refrigerant R134a in the LPG tanks of motor vehicles….
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….
Lu-Ve in €27m deal to supply UK nuclear plant
ITALY: Lu-Ve is to supply air coolers to the latest Hinkley Point C nuclear power plant under construction in Somerset, UK, in a €27m contract….
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. …
Panasonic adds energy efficient glass on freezer doors
JAPAN: Panasonic’s use of vacuum insulated glass (VIG) on new reach-in freezer upright display cases is said to offer energy savings of up to 33% compared to conventional units….
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. …
Bank to retrofit 62% of branches to heat pumps
CANADA: The Royal Bank of Canada (RBC) has announced a multi-million-dollar retrofit of its branches in Canada to low-carbon heating and cooling systems such as heat pumps….