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Samsung Targets US$ 10 Billion in Air Solutions Annual Sales by 2020
The Samsung AC Forum 2015 kicked off in South Korea on October 28 with attendance by more than 800 global partners and media representatives. “With these new offerings, our target is to reach annual sales of US$ 10 billion by 2020 and lead the future air solutions business,” said BK Yoon, preside.../images/up/News/2015112420141190581.jpg
Daikin Promotes Global Conversion to R32 ACs by Offering Free Access to 93 Equipment Patents
On September 10, Daikin started offering companies worldwide free access to 93 of its R32 equipment patents in addition to companies in emerging markets, where it has offered patent access since 2011. No patent covers the organic compound R32 itself, which is readily available from suppliers other t.../images/up/News/2015102118531287478.jpg
Mitsubishi Electric Aiming for No. 1 AC Manufacturer Title in Europe with DeLclima
On August 25, Mitsubishi Electric Corporation entered into a groundbreaking agreement to purchase from De’Longhi Industrial S.A. shares representing approximately 74.97% of the share capital of DeLclima S.p.A. De’Longhi, a leader in the Italian heating and cooling market, and Mitsubishi Electric .../images/up/News/201592123302146739.jpg
MHI Wins Order for Saudi 200,000-ton Cooling Plant
Mitsubishi Heavy Industries (MHI) has received an order for 80 units of large capacity centrifugal chillers for the district cooling plant of an urban development project in Medina, Saudi Arabia. The 80 units will provide a combined 200,000 refrigeration tons of cooling capacity to the district cool.../images/up/News/201582111514156613.jpg
When Will R290 RACs Be Available?
In the phase-out of R22 refrigerant in China, the room air conditioner (RAC) industry has chosen environmentally friendly R290 (propane) to replace R22. In recent months, JARN has reported that Chinese manufacturers are prepared to undertake batch production of R290 RACs, which has attracted a fair .../images/up/News/201571823205257161.jpg
Panasonic Aims for Sales of \700 Billion in HVAC Business in 3 Years
Panasonic has been steadily carrying out organizational reforms and revising its air conditioner strategy since it established the new Air-Conditioner Company within the Appliances Company in April. Panasonic held a press conference in Tokyo on May 27 to announce its target of \700 billion (about.../images/up/News/2015622992187142.jpg
CRH 2015: The Grand Festival of HVAC&R in Asia
With the theme of ‘Winning Partnerships for Blue Skies and a Green World,’ the 26th International Exhibition for Refrigeration, Air-conditioning, Heating and Ventilation, Frozen Food Processing, Packaging and Storage (CRH 2015) was held from April 8 to 10 at Shanghai New Inter-national Expo Centre, .../images/up/News/201552121112749089.jpg
LG Invests US$ 1.5 Billion in New Vietnam Production Base
LG Electronics officially announced on March 27 the opening of its newest production facility in Vietnam with the completion of the main building at its Haiphong Campus. At 800,000 m2, the building in LG’s Haiphong Campus will house the production lines to manufacture air conditioners, TVs, mobile p.../images/up/News/201542313162120826.jpg
Agility is Key in the Global Era
-- Panasonic Air-Conditioner Company Embarks on a New Trip Panasonic has announced changes to its organizational structure and senior management team, which will take effect April 1, in an effort to strengthen its air conditioner business. The major organizational changes are as follows. The Air-.../images/up/News/201532118581582472.jpg
Ductless and Ducted ACs on Stage
-- Report of the 2015 AHR Expo, Chicago Thanks to strong recovery in the U.S. economy, the U.S. air conditioner market posted solid growth in 2014. As a microcosm of this, the 2015 AHR Expo held from January 26 to 28 in Chicago was one for the record books, with approximately 62,000 attendees fro.../images/up/News/201522212482372389.jpg