World News
Daikin sales up 25% in Q3
JAPAN: Daikin has recorded net sales of JPY2,301,939m ($20bn) in Q3, up 25% from the same period in 2020….
Daikin Europe boosts Ostend production
BELGIUM: Daikin Europe has boosted production at its factory in Ostend with the installation of a new robotically-fed sheet metal line and…
Carrier to acquire Toshiba Carrier HVAC business
USA/JAPAN: Carrier has confirmed that it has signed a binding agreement to acquire Toshiba’s ownership stake in the Toshiba Carrier air conditioning…
Toshiba to sell air conditioning business?
JAPAN: Toshiba is set to sell its stake in its Toshiba Carrier air conditioning business to its US joint venture partner Carrier…
US could face blackouts due to domestic AC use
USA: Household air conditioning use in the USA could exceed electric capacity in the next decade due to climate change and lead…
Panasonic backs drive to link AC and air quality
JAPAN: Panasonic is to invest JPY100bn ($867m) in its air conditioning and air quality business over the next five years, according to reports…
Thorén appointed Beijer Ref CSCO
SWEDEN: Refrigeration and air conditioning wholesaler Beijer Ref has appointed Henrik Thorén as chief supply chain officer and executive vice president. …
Lennox reports record revenues
USA: Lennox International has achieved record Q4 2021 revenue of $965m, with full year revenue up 15% to a record $4.19bn, the…
Lu-Ve makes offer for ACC business
ITALY: Lu-Ve has submitted a binding proposal for the purchase of the beleaguered compressor manufacturing company Italia Wanbao ACC srl (WACC)….
Trane reports record results
IRELAND: Trane Technologies has reported record bookings, revenue, operating margins and earnings per share, with sales reaching $16.8bn in 2021, up 29%…