(Dallas, TX) announced the successful completion of the supply of 1,240 chilled water fancoil units for the Tower Project, a 55-story residential building in Dubai, United Arab Emirates.
The European Commission announced that it will not shorten its investigation of the acquisition of Honeywell International Inc. (Morris Township, NJ) by the General Electric Co. (Fairfield, CT), but will conduct a full inquiry. European approval is the last hurdle for closing the deal. Europe’s antitrust regulators are to send an official statement to GE describing objections to the merger. GE will then ask for a hearing to respond. A spokeswoman said the company believes there are no meaningful antitrust problems. A deadline of July 12 has been established to finish the inquiry and make a decision.
Lennox Industries, Inc. (Dallas, TX) has launched a new advertising campaign. The Lennox advertising team collaborated with national advertising agency GSD&M to produce new consumer television and print ads. The ads are not product-specific, but present the benefits of owning a Lennox comfort system and are designed to build awareness of the Lennox brand. The television commercials will run on A&E, CNBC, The Discovery Channel, Headline News, HGTV, The History Channel, and the Weather Channel until late spring and resume in the fall. The print ads will run in several home and living magazines during appropriate seasons.
Nortek, Inc. (Providence, RI) reports that net sales in 2000 were $2.2 billion, a 10% increase over 1999. Net earnings of $41.6 million and diluted net earnings per share of $3.70 were the second-highest in company history. At Nortek’s annual meeting, chairman and ceo Richard L. Bready and Philip L. Cohen were both reelected to new three-year terms on the board of directors.
Burnham Corp. (Lancaster, PA) has announced details on its 2001 National Jacket Promotion. This is Burnham’s 12th jacket program, and is open to plumbing and heating contractors throughout North America. During August, contractors will receive a free jacket ($75 retail value) for every Burnham boiler purchased through a Burnham distributor. All purchases of residential steel and cast iron boilers qualify for the free jacket offer. For more information, visit a participating Burnham sales representative or go to www.burnham.com (website).
Bruce Schiller has been named as vice president of operations at Lennox Hearth Products (Fullerton, CA). The company is a global manufacturer of fireplaces, fireplace inserts, and stoves. Schiller previously served as vice president of operations for York International and president of the Alliance Compressor Company. At Lennox Hearth Products, Schiller will be responsible for all manufacturing and engineering operations.
In this issue of The NEWS, we present the Residential Heating Showcase, featuring the latest heating equipment to hit residential HVAC. We also discuss developments in the tools and test instruments market.