World News
Heat pumps – call for action
EUROPE: The European Commission has opened its call for evidence on its proposed heat pump action plan to accelerate deployment of the…
McMillan announced as new Toromont CEO
USA: Toromont Industries has announced that Michael McMillan will succeed Scott Medhurst as president and CEO. …
Mitsubishi Electric sales up 19%
JAPAN: Mitsubishi Electric’s air conditioning and home products segment reported sales of JPY1,361.1bn ($10bn) in the year to March 31, a 19%…
Fan manufacturer moves into turbo compressors
GERMANY: Fan manufacturer EBM-Papst is trialling a new design of oil-less, high speed turbo compressor for a range of applications including air conditioning,…
Carrier sales up 13% in Q1
USA: Carrier Global Corporation has reported first quarter sales of $5.3bn, a 13% increase on Q1 2022. Organic sales grew 4% over the…
Swedish heat pump sales up 20% in Q1
SWEDEN: Sales of heat pumps in Sweden increased by 20% during the first quarter of 2023, according to the Swedish cooling and…
Viessmann to invest in refrigeration business
GERMANY: The Viessmann Group says it will reinvest the primary proceeds from the €12bn sale of its Climate Solutions business to Carrier…
Carrier confirms €12bn Viessmann purchase
USA/GERMANY: Carrier has confirmed it will acquire Viessmann Climate Solutions, the largest segment of Viessmann Group, in a cash and stock transaction…
Beijer Ref reports record first quarter sales
SWEDEN: Wholesaler Beijer Ref has reported a record first quarter with net sales reaching SEK7,378m (€652m), a 50.5% increase on 2022….
Beijer Ref to buy Bulgarian HVAC distributor
SWEDEN: Wholesaler Beijer Ref has signed an agreement to acquire 70% of the shares in Condex, a leading Bulgarian HVAC distributor….