UTC reaffirms UK commitment

USA: UTC, parent company of air conditioning and refrigeration manufacturer Carrier, has reaffirmed its commitment to the UK following this week’s referendum vote.

United Technologies Corp (UTC), which also owns Otis elevators and Chubb security products, operates its Carrier UK air conditioning business from Leatherhead, Surrey, Carrier Refrigeration in Oxford and its transport refrigeration interests, Carrier Transicold, from offices in Warrington.

“The process of the UK’s withdrawal from the EU will take time and we do not believe it will impact our businesses in the near term,” said UTC president and chief executive officer Gregory Hayes (right). “UTC remains committed to our businesses and their more than 8,000 employees in the UK.”

“We are hopeful that the separation process will be carried out in a manner that minimises disruption and economic impact,” Hayes said. “We believe that the current benefits of a free and open trading zone will largely remain at the conclusion of this process. As a globally diversified company, we are well equipped to manage these types of uncertainties.”