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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
Gree Develops Large Centrifugal Chiller with Built-in DC Inverter
- Expanded Cooling Capacity up to 1,400 RT China-based Gree recently announced that it had developed a series of high efficiency centrifugal chillers adopting an inverter-driven DC permanent magnet synchronous motor (PMSM). According to the company, it has released a model with a cooling capacity.../images/up/News/201222310114712234.jpg
Can Spring Be Far Behind ? - A Review of 2011 Global AC Market
The year 2011 is likely to be long remembered both in the air conditioning industry and the history books. In Japan, an earthquake and tsunami of unprecedented scale struck on March11, the repercussions of which were felt around the world. The disaster crippled the Fukushima Daiichi nuclear power pl.../images/up/News/201211914544937218.jpg
Toshiba Carrier to Manufacture VRF in China
Toshiba Carrier has decided to construct a facility in China to produce VRF systems with the aim of capturing a higher share of the rapidly expanding Chinese VRF market. It plans to set up production in fiscal 2012 and begin shipping units full-scale in 2013. Masayasu Toyohara, corporate senior.../images/up/News/2011122011405949704.jpg
European Debt Crisis Hits AC Markets
Ongoing financial turmoil in Europe is echoing notes of discord throughout the air conditioner industry, and growth is suffering. There is increasing concern that the European air conditioner market in 2012 may once again fall to the low seen in 2009. Highly anticipated around the world, the late.../images/up/News/201111182385110091.jpg