World News
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%…
Systemair acquires Lu-Ve’s close control AC business
SWEDEN/ITALY: Systemair has acquired Tecnair LV, the close control air conditioning unit manufacturer and member of the Lu-Ve Group, for €16.2m….
Honeywell announces non-flammable refrigerant under 150 GWP
USA: Honeywell has announced a new non-flammable refrigerant for medium temperature commercial refrigeration applications with a GWP of less than 150….
Honeywell agrees HFO1233zd deal in India
USA/INDIA: Honeywell has agreed a deal with Indian chemical company Navin Fluorine International for the manufacture of the low GWP HFO refrigerant…
UK backs sustainable cooling in Indian hotels
INDIA: Six new cooling technologies are to be trialled at hotels in India, backed by up to $500,000 in funding from the…