World News
Lu-Ve returns to growth with record EBITDA
ITALY: Heat exchanger product manufacturer Lu-Ve returned to growth in 2025, with turnover up 2.8% to €605.4m and returning a record EBITDA of €88.7m….
Eva Karlsson appointed CEO of Swegon
SWEDEN: HVAC manufacturer Swegon has appointed Eva Karlsson as CEO of the group, following the departure of Andreas Örje Wellstam….
Belgium to auction 14 tonnes of seized R134a
BELGIUM: Nearly 14 tonnes of confiscated R134a refrigerant is expected to raise over €62,000 in an auction being organised by the Belgian government finance agency. …
Quinn Downes joins Syclef Group
FRANCE/IRELAND: The Dublin-based Quinn Downes Group (ODG) has become part of Syclef, the rapidly expanding network of industrial and commercial refrigeration and HVAC companies….
Carrier completes DOE challenge
USA: Carrier reports that its 15-ton rooftop heat pump unit has passed testing in the US Department of Energy’s (DOE) Commercial Building HVAC Technology Challenge….
Criminal swoop uncovers 398t of F-gas
NETHERLANDS: A 12-month worldwide operation targeting organised crime networks involved in waste and pollution crime has uncovered 398 tonnes of fluorinated greenhouse gases….
Carel’s 2025 revenues reach €629m
ITALY: Carel, the HVACR controls manufacturer, has reported consolidated revenues in 2025 of €629m, an increase of 8.7% compared to 2024….
METUS CEO Kuntz to retire
USA: Mark Kuntz, the CEO of the Mitsubishi Electric Trane HVAC US joint venture (METUS) since its formation in 2018, is set…
Commission backs electricity tax reduction
BELGIUM: The European Heat Pump Association (EHPA) has applauded the European Commission’s recommendation for member states to reduce electricity taxation. The Citizens’ Energy…
US HVAC sales down 5.9%
USA: Sales by US HVAC distributors were down 5.9% in January, compared to last year….