Four U.S. House members, led by Congressman Peter Hoekstra (R-Mich.), have introduced H.R. 3953, the Cool and Efficient Buildings Act, to reduce the depreciation period for HVACR systems from 39 years to 15 years.
Combined U.S. factory shipments of 450,496 central air conditioners and air-source heat pumps for February were down 1 percent compared to shipments from the same month last year, according to statistics from the Air-Conditioning and Refrigeration Institute (ARI).
United Technologies Corp. announced that its Carrier subsidiary has reached a definitive agreement to acquire Linde AG's Refrigeration Division for approximately $305 million, including estimated debt on closing.
According to statistics from the Heating, Refrigeration & Air Conditioning Institute of Canada (HRAI), in Canada during the fourth quarter of 2003, unit heater shipments continued to increase by 32 percent over the fourth quarter of 2002.