World News

Industry news and insights from Europe and around the World

UK News

Latest news and developments in the United Kingdom


Keep up-to-date with the latest new products and technology


General articles, applications and industry analysis

Daikin to take share in Taiwan agent

Taiwan-flagJAPAN: The Nikkei reports that Daikin is to take a 10% stake in its exclusive Taiwanese distributor in an effort to expand sales of commercial air conditioners.

The Japanese manufacturer is to purchase JPY1.5bn (€12m) in new shares issued by the distributor Ho Tai Development.

Ho Tai was established in 1963  and has been Daikin distributor since 1992. Until now, the company has mainly sold residential and central air conditioning units. The Nikkei says that with the investment, Ho Tai will receive technical guidance from Daikin for installing multi-split systems.

Daikin aims to increase sales in Taiwan to JPY60bn (€477m) in 2020, an increase of 50% on its 2015 target.

Latest News

29th February 2024

BESA backing for WorldSkills UK

UK:The Building Engineering Services Association (BESA) is organising the refrigeration and air conditioning (RAC) category of the WorldSkills UK competition.
29th February 2024

Beijer Ref to acquire Australian firm QAE

SWEDEN/AUSTRALIA: Beijer Ref will expand its position in the Australian market with the agreement to acquire 60% of the shares in Sydney-based Quality Air Equipment (QAE).
29th February 2024

Chemours places CEO on administrative leave

USA: Chemours has placed its president and CEO Mark Newman, CFO Jonathan Lock and principal accounting officer Camela Wisel on administrative leave pending the completion of an internal review.
28th February 2024

Seeley to boost production in US export push

AUSTRALIA: Evaporative cooling equipment manufacturer Seeley International is to upgrade and expand its manufacturing plant in Lonsdale, South Australia, to boost exports to the USA.
28th February 2024

EPEE calls for RACHP recognition

BELGIUM: The European Partnership for Energy and the Environment (EPEE) has called for recognition of the critical role of RACHP technologies in energy efficiency and climate mitigation. 
28th February 2024

PSH compressor a “game-changer” for heat pumps

USA: The new Danfoss PSH scroll compressor with vapour injection allows for a wider range of operating temperatures and could be a potential “game-changer” for heat pump adoption.