Johnson Controls is buying 60 percent of that business and creating a joint venture with Hitachi Appliances retaining ownership of the remaining 40 percent. The new business is valued at around $2.8 billion.
The variable refrigerant flow (VRF) market in the U.S. just got a bit more interesting. Johnson Controls, Hitachi, Ltd., and Hitachi Appliances announced the companies have completed their global joint venture agreement and will immediately begin operations of Johnson Controls-Hitachi Air Conditioning.
We’re a society that wants communication to take place at our convenience, and, as the years go by, the number of people who want to communicate electronically with yoru business will only continue to increase. Are you prepared?
It’s the industry’s job to get the word out and harness the young talent that arrives. So check out the inaugural Top 40 Under 40 list. And, look around your office. Do you have any young folks who deserve some recognition? If so, there’s always next year.
Know the product. Don’t fumble through it or roll your eyes when talking about the technology. A few contractors did that when I was getting bids a few months back, and it made them look like they were stuck in the past.
More than a few U.S. Representatives came out against the DOE’s recently proposed 92 percent AFUE nationwide residential furnace standard. That standard might be the worst idea since subprime mortgages.
How many contractors are truly looking three to five years down the road to investigate what their company will look like and, more importantly, what their competitors will look like? Odds are the government will be moving the goal posts on you.
Put the term Internet of Things into a Google search and you will soon see 752 million results. It has become a buzzword, both inside and outside the HVAC industry. But, does everyone know what the phrase actually encompasses?