World News

JAPAN/TURKEY: Following the acquisition of 51% of its shares, the Turkish food service equipment manufacturer Öztiryakiler has now become a subsidiary of Japanese manufacturer Hoshizaki.

SWEDEN: Swedish heat pump manufacturer Qvantum has appointed Federico Rosales, a former MD of Whirlpool Poland, as global COO. 

ITALY: Customs officers at the port of Napoli report the interception and seizure of 150 tons of HFC refrigerants.

USA: Chemours claims that the members of its senior management placed on administrative leave last week violated its code of ethics and displayed a "lack of transparency" to the company’s board.

USA: Evaporative cooling and industrial refrigeration products manufacturer Evapco is to expand its Taneytown, Maryland, HQ operations with an additional 45,000ft2 (4,180m2) of office space.

USA: A San Diego man has been arrested and charged with smuggling HFC refrigerants into the US from Mexico and selling them in contravention of the AIM Act.

USA/MEXICO: Copeland is to relocate its CRi reciprocating compressor production from its plant in Reynosa, Mexico, to its existing compressor factory in Atit, India.

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).

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.

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.

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. 

USA/ITALY: Copeland has opened a new innovation lab at its Copeland Controls srl site in Belluno, Italy.

USA: The refrigerant leak detection software created by San-Jose-based Axiom Cloud has attracted $5m in funding to accelerate its deployment.

USA: Chinese air conditioning and heat pump manufacturer Midea has opened its first national showroom and distribution centre in New York.

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.

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

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.

PANAMA: Japanese refrigeration equipment manufacturer Hoshizaki has acquired a 25% stake in Fogel Company Inc, a manufacturer of commercial refrigeration equipment based in Republic of Panama, for US$28m.

SOUTH KOREA: Researchers claim to have developed a large capacity ultra-low temperature industrial chiller which, in tests, has achieved a 10kW cooling performance at -100℃.

EUROPE: The new F-gas regulation has now been published in the EU’s Official Journal, making it legally binding and entering into force in 20 days.

SAUDI ARABIA: Carrier is to build an advanced manufacturing and R&D facility in Saudi Arabia in a partnership with Alat, a new Riyadh-based public investment fund company.

SWEDEN: Swedish manufacturer Nibe has announced plans to streamline its business after latest financial figures confirm declines in the European heat pump market.

CHINA: Chinese scientists claim to have developed a heat-driven thermoacoustic refrigerator (HDTR) with a COP of 1.12, nearly three times higher than previously achieved.

SAUDI ARABIA: Korean air conditioning manufacturer LG and its Saudi Arabian distributor, the Shaker Group, are exploring the feasibility of manufacturing AC compressors in the Kingdom.

USA: The US Department of Energy (DOE) has announced the availability of a further $63m to boost US production of heat pumps.

BELGIUM: Eurovent’s Evaporative Cooling Equipment product group (PG-CT) has released its third version of Recommendation 9/11–2023: Application of Machinery Safety Regulation for cooling towers.

GERMANY: Trevor Young is to take over as CEO of the FläktGroup from March 1.