World News
9th February 2022
Europe highlights revision of EN378
EUROPE: The European Commission has pinpointed a revision of EN 378 and the risk analysis process for flammable refrigerants as a priority for this year.…
8th February 2022
Bock creates dual leadership
GERMANY: Compressor manufacturer Bock GmbH has appointed Stephan Schumann as managing director sales and marketing.
8th February 2022
Carrier reports sales up 18% to $20.6bn
USA: Carrier has reported sales of $20.6bn for 2021, up 18% on 2020 and reflecting organic sales growth of 15%. Strong demand was reported across…
7th February 2022
Daikin sales up 25% in Q3
JAPAN: Daikin has recorded net sales of JPY2,301,939m ($20bn) in Q3, up 25% from the same period in 2020. Operating income was JPY259,511m ($2.25bn) an…
7th February 2022
Daikin Europe boosts Ostend production
BELGIUM: Daikin Europe has boosted production at its factory in Ostend with the installation of a new robotically-fed sheet metal line and a fully automated…
7th February 2022
Carrier to acquire Toshiba Carrier HVAC business
USA/JAPAN: Carrier has confirmed that it has signed a binding agreement to acquire Toshiba’s ownership stake in the Toshiba Carrier air conditioning business – a…
5th February 2022
Toshiba to sell air conditioning business?
JAPAN: Toshiba is set to sell its stake in its Toshiba Carrier air conditioning business to its US joint venture partner Carrier for around $870m,…
4th February 2022
US could face blackouts due to domestic AC use
USA: Household air conditioning use in the USA could exceed electric capacity in the next decade due to climate change and lead to summer blackouts,…
2nd February 2022
Panasonic backs drive to link AC and air quality
JAPAN: Panasonic is to invest JPY100bn ($867m) in its air conditioning and air quality business over the next five years, according to reports from Japan. Speaking…
2nd February 2022
Thorén appointed Beijer Ref CSCO
SWEDEN: Refrigeration and air conditioning wholesaler Beijer Ref has appointed Henrik Thorén as chief supply chain officer and executive vice president. Prior to joining Beijer Ref,…
1st February 2022
Lennox reports record revenues
USA: Lennox International has achieved record Q4 2021 revenue of $965m, with full year revenue up 15% to a record $4.19bn, the company reports. Total…
1st February 2022
Lu-Ve makes offer for ACC business
ITALY: Lu-Ve has submitted a binding proposal for the purchase of the beleaguered compressor manufacturing company Italia Wanbao ACC srl (WACC). Established in 1968, the…
31st January 2022
Trane reports record results
IRELAND: Trane Technologies has reported record bookings, revenue, operating margins and earnings per share, with sales reaching $16.8bn in 2021, up 29% on 2020. The…
31st January 2022
Systemair acquires Lu-Ve’s close control AC business
SWEDEN/ITALY: Systemair has acquired Tecnair LV, the close control air conditioning unit manufacturer and member of the Lu-Ve Group, for €16.2m. The deal sees Systemair…
31st January 2022
Honeywell announces non-flammable refrigerant under 150 GWP
USA: Honeywell has announced a new non-flammable refrigerant for medium temperature commercial refrigeration applications with a GWP of less than 150. The arrival of R471A,…
29th January 2022
Honeywell agrees HFO1233zd deal in India
USA/INDIA: Honeywell has agreed a deal with Indian chemical company Navin Fluorine International for the manufacture of the low GWP HFO refrigerant 1233zd. Although primarily…
29th January 2022
UK backs sustainable cooling in Indian hotels
INDIA: Six new cooling technologies are to be trialled at hotels in India, backed by up to $500,000 in funding from the UK government. Six…
28th January 2022
Nominations sought for J&E Hall Gold
UK: The IoR is now accepting nominations for this year’s J&E Hall International Gold Medal, which recognises the most noteworthy contribution to the advancement of…
28th January 2022
Epta’s Orlandi elected chair of Eurovent commercial fridge group
BELGIUM: Maurizio Orlandi of Epta has been elected the chairman of Eurovent’s Commercial Refrigeration Equipment product group (PG-RDC). He will be supported by re-elected vice-chairman Jesus Beraza of Koxka.
27th January 2022
Global compressor sales rebound
UK: Global sales of air conditioning, heat pump, and refrigeration compressors bounced back from the coronavirus pandemic in 2021, reaching 486 million units and a value of $42.4bn.…
27th January 2022
Beijer Ref sales up 25% in Q4
SWEDEN: Refrigeration wholesaler Beijer Ref achieved sales of SEK4,271m (€409m) in Q4 of 2021, up 25.3% compared to the same period in 2021. Organic growth…
26th January 2022
Webinar offers new products and new insights
SWEDEN: Alfa Laval is to host a webinar to introduce a range of new heat exchanger products and provide insights into energy efficiency, clean energy,…
26th January 2022
Concerns persist over R466A compatibility
USA: New tests on R466A, Honeywell’s long-awaited non-flammable lower GWP alternative air conditioning refrigerant, are said to have shown comparable performance to R410A but have again…
25th January 2022
Munters acquires Edpac for €29m
SWEDEN: Munters, the Swedish air treatment and climate solutions business, has acquired Irish data centre cooling equipment and air handling systems manufacturer Edpac for €29m.…
25th January 2022
Shopper sues supermarket over refrigerant leak
USA: An elderly Massachusetts woman has filed a lawsuit against supermarket chain Market Basket for “permanent injuries” unstained during a refrigerant leak from one of…
25th January 2022
A-Gas breaks into Japanese refrigerant reclamation market
UK/JAPAN: British company A-Gas has broken into the Japanese refrigerant reclamation market with the acquisition of Tokyo-based FUSO Co Ltd. A-Gas says that the Japanese…
23rd January 2022
Daikin support for Olympic speed skater
NETHERLANDS: Daikin Netherlands has extended its sponsorship of Dutch speed skating with support for reigning European Allround champion and reigning world champion in the 3000m,…