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Lennox celebrates by ringing the NYSE bell

USA: Lennox celebrated the 25th Anniversary of its initial public offering, today, with CEO Alok Maskara ringing the closing bell at the New York Stock Exchange.

Since its debut on the NYSE in 1999, Lennox has evolved from a regional HVAC manufacturer to a leader in the global market, specialising in heating, cooling, and commercial refrigeration technologies. 

Over the past quarter-century, Lennox has grown financially and operationally, establishing itself as a leading brand for heating, cooling, and refrigeration needs in residential and commercial markets. 

The ringing of the NYSE bell is used to signal the opening or closing of the day’s trading.

Bells were first used at the NYSE in the 1870s with the advent of continuous trading. A Chinese gong was the original bell of choice. But in 1903, when the NYSE moved to its current building, the gong was replaced by a brass bell — electrically operated and large enough in size to resonate throughout the voluminous main trading floor. Today, each of the four trading areas of the NYSE has its own bell, operated synchronously from a single control panel.

Latest News

8th November 2024

Daikin invests in composite materials technology

JAPAN: Daikin has invested in Japanese metal matrix composite materials manufacturer Advanced Composites Corporation to advance the application of the technology to air conditioning equipment parts.
8th November 2024

Kuwait signs Kigali agreement

KUWAIT: The  the State of Kuwait, has followed its Gulf neighbours Bahrain and the United Arab Emirates, in signing up to the Kigali Amendment to the Montreal Protocol.
8th November 2024

CO2 heat pump achieves ecodesign mark

NORWAY: Oslo-based heat pump manufacturer Tequs claims to be the first to achieve Ecodesign certification for its high-temperature, water-to-water CO2 heat pumps.
8th November 2024

Has Daikin finally cracked CO2 VRF?

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7th November 2024

Enter the AI-powered propane heat pump

UK: A new manufacturer has entered the heat pump market with a propane air-source unit powered by artificial intelligence to create “significant” energy savings.
7th November 2024

Freor CEO buys out investor Livonia Partners

LITHUANIA: Rytis Bernatonis, CEO, founder and majority shareholder of commercial refrigeration equipment manufacturer Freor, has acquired the 33.34% stake in his company from private equity company Livonia Partners.