Emergence of smart technology will be a key trend for market growth
August 24, 2016
The global commercial air conditioning market is forecast to grow at a compound annual growth rate (CAGR) of 8.98 percent during the period of 2016 to 2020, according to a research report from ReportsnReports.
Chinese a/c manufacturer Midea has become the latest to target Europe, by taking an 80 percent stake in Italian firm Clivet. The current shareholders of Clivet, the Bellò family, will retain a 20 percent stake.
TRS provides HVAC products to commercial and industrial customers across the Carolinas and Georgia
April 27, 2016
LG Electronics USA announced that Thermal Resources Sales Inc. (TRS) has become the latest LG applied rep for the company’s commercial air conditioning business, to drive variable refrigerant flow (VRF) sales and support for the Southeast.
Company recognized for achievements in innovative and successful manufacturing practices
October 23, 2015
Nortek Air Solutions congratulated its team of employees behind the Temtrol® brand of custom air handlers on winning the Oklahoma Governor’s Manufacturing Leadership Award as presented by the Oklahoma Manufacturing Alliance.
After closing, it will then acquire 100 percent of the business
August 27, 2015
Mitsubishi Electric Corp. has entered into an agreement to purchase from De’Longhi Industrial S.A. shares representing approximately 74.97 percent of the share capital of DeLclima S.p.A., an Italian company in the commercial air conditioning products business.
The Companies Established Their First Joint Venture in 2008
April 27, 2015
Carrier Asia Ltd. is acquiring a minority stake in Chongqing Midea General Refrigeration Equipment Co. Ltd. (CQ Midea), an extension of its long-term strategic partnership with Midea Group Co. Ltd., China’s leading manufacturer and wholesaler of electric appliances.
Over the last few decades, rooftop units have moved ahead with numerous technological advances. Both light (3- to 25-ton units) and large commercial packaged rooftop systems (25 tons and up) have matured in style and substance, now offering cleaner air, lower operating costs, more efficient performance, and more.
It’s time again for the annual Commercial Cooling Showcase. The NEWS’ annual issues have traditionally introduced the latest air conditioning units available for the upcoming summer season. The intent is to help contractors prepare for this busy period by doing the research that will help them to distinguish between brands.
The Canadian Institute of Plumbing & Heating (CIPH) recently released a market data report that showed ductless split system shipments had increased 30 percent in the fourth quarter of 2011 over the previous year.