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Midea’s Centrifugal Cuts Refrigerant 40%
Technological Milestone in Chinese Technology In March, a high energy-efficiency two-stage, full falling- film centrifugal chiller developed by Midea passed accreditation by a committee composed of members of the Chinese Academy of Sciences, members of the Chinese Academy of Engineering, and expe.../images/up/News/201352222391834346.jpg
China: Central AC Market Rebounds
Review of 2012 Central AC Market and Preview of CRH 2013 China Refrigeration 2013 (CRH 2013), the 24th International Exhibition for Refrigeration, Air-conditioning, Heating and Ventilation, Frozen Food Processing, Packaging and Storage, was held on April 8-10, 2013 at the Shanghai New Internation.../images/up/News/201342221493457131.jpg
Air Purifiers Go Global
With the arrival of pollen season in addition to aggravating air pollution in China, air purifiers are selling well. Air purifiers were developed in Japan mainly to alleviate allergies. Japanese air purifier manufacturers have continued to improve the quality of their products, and sales in Japan ha.../images/up/News/20133201130136690.jpg
AHR Expo Shows Good Sign for U.S. Economy
The 65th edition of the AHR Expo, held from January 28 to 30 in Dallas, Texas, established four new alltime records for expos held in the Southwest. More than 51,000 attendees, including 33,891 visitors, filled the aisles of the Dallas Convention Center to see the latest products and technologies on.../images/up/News/201322010242165133.jpg
Dreams between East and West -- 2013 Outlook for Global Air Conditioning Market
The global air conditioning market posted lackluster performance in 2012. Global market growth fell 3%, impacted by sharp slowdowns in emerging markets, especially China, as a result of the global economic recession. The Chinese market shrank by 8% year on year, and growth in the Indian market was j.../images/up/News/201312223255646001.jpg
Africa -- Bright Spot in Global AC Market
Amid the slow global economy, the growth of Africa’s air conditioner market serves as an inspiration and welcome good news. According to data from China Customs, the number of air conditioners manufactured by Chinese and Korean companies and exported from China to Africa reached 2.3 million units in.../images/up/News/2012122218195459079.jpg
Toshiba Carrier and Fujitsu General to Form JV for Compressor Production in Thailand
Toshiba Carrier, Fujitsu General, and Fujitsu General’s manufacturing subsidiary FGA (Thailand) recently announced an agreement to form a joint venture in Thailand to manufacture twin rotary compressors for air conditioning equipment. The tentative name of the new company is TCFG Compressor (Thailan.../images/up/News/2012112211414080541.jpg
Midea & Carrier’s New Factory in Brazil Starts Operations
In 2011, Midea and Carrier formed a joint venture for the manufacture and distribution of heating, ventilation, and air conditioning (HVAC) products in Brazil, Argentina, and Chile. Midea owns 51% of the joint venture and Carrier owns 49%. Recently, Midea took the joint venture a step further by put.../images/up/News/2012102211565488209.jpg
Daikin Acquires U.S.-based Goodman for US$ 3.7 Billion
On August 29, Daikin announced that it had reached an agreement to acquire Goodman Global Group (Goodman). Daikin, Goodman, and Goodman’s major shareholder, private equity investment firm Hellman Friedman, signed a definitive agreement regarding the acquisition. In the acquisition, Daikin will p.../images/up/News/20129221154396102.jpg
2012: Endurance and Challenges -- A Review of 2012 World AC Market
While the European debt crisis continued to threaten the global e conomy, ext reme weather that swept through Europe, China and India from February to July added more uncertainty to the economic situation. GDP growth in the second quarter fell to 1.5% in the United States. The economies of China and.../images/up/News/201282214235046063.jpg