World News

Industry news and insights from Europe and around the World

UK News

Latest news and developments in the United Kingdom

Products

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

Features

General articles, applications and industry analysis

Emerson sells Russian business

USA: Emerson has agreed to sell its Russian business, including its manufacturing subsidiary Metran and sales and service company Emerson LLC, to the local management team.

Based in Chelyabinsk, Metran produces control valves and regulators, distributed control systems, pressure, temperature, level and flow measuring instruments. 

The announcement follows the company’s May statement to exit its Russian business and explore strategic options to divest Metran.

Russia is said to have represented approximately 1.5% of total Emerson sales last year. As part of the previously announced Russia exit, Emerson included a pre-tax loss of $162m in the third quarter of fiscal 2022.

Latest News

27th February 2024

European heat pump sales down 5% in 2023

EUROPE: After a decade of increases, heat pump sales in Europe fell by around 5% in 2023 – and market analysts are expecting this downward trend to continue this year.
26th February 2024

Modine buys Canadian AHU manufacturer

USA/CANADA: Modine has entered into a definitive agreement to acquire Canadian air handling unit manufacturer Scott Springfield Manufacturing. 
26th February 2024

Stulz partners on immersion cooling

GERMANY/NETHERLANDS: Stulz Modular, the data centre design, build and maintenance services provider, is cooperating with Dutch immersion cooling specialist Asperitas in the field of liquid cooling.
26th February 2024

Brian Streatfield 1936-2024

UK: Brian Streatfield, a man who was instrumental in the formation of Carrier in the UK during the 1970s, died at the weekend. He was 87.
25th February 2024

Safety is vital in global F-gas transition

UK: Institute of Refrigeration president Graeme Fox has warned of the real-world issues that the “rapid transition” to “natural” refrigerants poses for developing countries.
25th February 2024

Terrie Lamb wins lifetime achievement award

UK: Terrie Lamb of Cimetrics was recognised for 25 years of dedication to the RACHP sector in a night of awards at Thursday night’s annual Institute of Refrigeration (IoR) dinner.