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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
GHP Taps Market for Summertime Electricity-saving in Japan
-- Surging 30% Growth in GHP Sales Demand for gas-enginedriven heat pumps (GHPs) in Japan has increased markedly since the Great East Japan Earthquake last year. GHPs are heat pump air conditioning and heating systems that have an outdoor unit compressor driven by a gas engine. Interest in using GH.../images/up/News/201272014394011466.jpg
High Energy Efficiency Marks Future -- Report of ARBS 2012, Australia
The dust has settled on ARBS 2012, Australia’s trade exhibitionfor the air conditioning, refrigeration and building services industry, and it was certainly the best one yet. Held from May 7 to 9 at the Melbourne Convention and Exhibition Centre, the theme for ARBS 2012 was ‘connecting people, techno.../images/up/News/20126222212675090.jpg
Next Generation Refrigerants at Tipping Point
-- Report on CR Expo 2012, Beijing -- From April 11 to 13, 2012, the 23rd International Exhibition for Refrigeration, Air-conditioning, Heating and Ventilation, Frozen Food Processing, Packaging and Storage (CR Expo 2012) was held at the China International Exhibition Center (New Hall) in Beijing. .../images/up/News/201252414441764840.jpg
Hitachi Establishes New European Organization
--Pursuing Globalization through Localization On March 27, Hitachi announced that it would establish a new company in Europe to incorporate all activities for its air conditioning products, including sales, manufacturing, and service operations across the European market. The new company, called .../images/up/News/2012421155798933.jpg