Headline News Volume 186

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eJARN.com Headline News
Date: 2013 August 12, Volume 186
http://www.ejarn.com
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* Brazil
Brazil’s air conditioner market did not grow as fast as expected in 2012, due to weather patterns and somewhat slower economic growth. The 2012 air conditioner market came to nearly 3.2 million units, down 1.6% compared with the previous year. Despite the market challenges, however, with its large population, growing middle class, and low air conditioner penetration, Brazil is still an attractive market. The market in 2013 is expected to post double-digit growth.
http://www.ejarn.com/news.asp?id=24522&classid=3

1. Shale Gas Revolution and Consequences
Electricity rates for industrial customers in Europe are anywhere from 1.5 to 3 times as expensive as rates in the United States. The disparity between rates has also grown over the past 10 years, as has the disparity between prices for gas and oil. The price of shale gas can explain some of the disparity in electricity rates between the United States and Europe.
http://www.ejarn.com/news.asp?id=25283&classid=10

2. Voltas Extends its Market Share to 19.8% in May
According to GFK Retail Audit Report, Voltas reached the market share to 19.8% in May, contributed by its popular line ‘All-Weather’ air conditioners. The figure is especially meaningful because May is the most critical month in the Indian air conditioner industry, having the highest contribution to annual sales.
http://www.ejarn.com/news.asp?id=25341&classid=17

3. Hisense Kelon Targets Annual Sales of RMB 50 Billion
Hisense Kelon recently indicated that it has been selected by Guangdong Province, as well as Foshan City and Shunde District governments as one of the key enterprises for development support in 2012. The company expects to increase its annual sales to RMB 50 billion (US$ 8 billion) in five years.
http://www.ejarn.com/news.asp?id=25436&classid=17

4. Honeywell Opens ‘Ibasho’ House in Japanese Tsunami- affected Community
The Honeywell Ibasho House will be used for a variety of community programs run by volunteers from the local community. It embraces the active participation and self-sustainability of the community elders, who now have a place to share their experiences and wisdom with younger generations, and feel at home again.
http://www.ejarn.com/news.asp?id=25334&classid=10

5. AHRI Announces Updated Online Directory for Certified VRF
On July 1, the Air-Conditioning, Heating, and Refrigeration Institute (AHRI) announced several improvements in the search method to find variable refrigerant flow (VRF) multi-split air conditioning and heat pump equipment product listings in the AHRI Directory of certified product performance. The new functionality allows for searches based on manufacturer, model number, product type, or certified ratings.
http://www.ejarn.com/news.asp?id=25306&classid=18

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