Headline News Volume 648
============================
eJARN.com Headline News
Date: Oct 07, 2022, Volume 648
( http://www.ejarn.com )
============================
< Sep Regular edition>
1. Panasonic’s Czech Plant to Increase ATW HP Production to 500,000 Units by FY 2025
Panasonic announced on September 2 that it intends to invest about ¥20 billion (about US$ 143 million) in its manufacturing subsidiary Panasonic AVC Networks Czech (PAVCCZ) in Pilsen, Czech Republic, during the period until Fiscal Year (FY) 2025 ending in March 2026 to strengthen the production of ATW heat pumps. The investment will enable Panasonic’s Czech plant to start the production of outdoor units in FY 2023, in addition to indoor units already manufactured at the plant since 2018. The company aims to increase its annual production capacity to 500,000 units by FY 2025.
Sep Regular page 1
https://www.ejarn.com/detail.php?id=74805&l_id=
2. SEST, LU-VE Group, Completes Acquisition of Italia Wanbao-ACC
July 28, 2022, that the contract for the sale of the Italia Wanbao-ACC company branch to SEST, 100% controlled by LU-VE Group, was signed, following the submission by SEST on January 31, 2022, of a binding purchase offer. The production site will be converted in order to expand the production of static heat exchangers for refrigerated cabinets, air conditioning systems, chillers, and heat pumps, already manufactured by LU-VE Group in the Limana (Belluno) factory, the headquarters of its subsidiary SEST as well as in other Group plants.
Sep Regular page 4
https://www.ejarn.com/detail.php?id=74803&l_id=
3. ARBS 2022 Awards HVAC&R Industry Achievers
ARBS 2022, Australia’s only international air conditioning, refrigeration, and building services trade exhibition, has closed after a bumper three days spanning August 16 to 18 at Melbourne Convention and Exhibition Centre (MCEC), with more than 7,000 visitors flocking to the event.
Sep Regular page 14
https://www.ejarn.com/detail.php?id=74942&l_id=
https://www.ejarn.com/detail.php?id=74943&l_id=
4. U.S. Inflation Reduction Act to Boost Incentives for Clean Energy Technologies
On August 16, U.S. President Joe Biden signed the Inflation Reduction Act into law. At roughly US$ 370 billion, the law includes the largest investment the U.S. government has ever made to fight climate change and has the potential to transform clean energy industries in the United States. Much of this funding will be available in the form of tax rebates and credits offered as incentives to get U.S. households and businesses to invest in clean energy technologies. For example, the Energy-Efficient Home Improvement Credit allows households to deduct up to 30% of the cost of qualifying energy-saving upgrades, including up to US$ 8,000 for installing a heat pump for space heating and cooling as well as other incentives for updating electrical panels and adding insulation and energy-efficient windows and doors.
Sep Regular page 18
https://www.ejarn.com/detail.php?id=74944&l_id=
5. Review of the Global AC Market in the First Half of 2022 Part II - China
Domestic Sales
JARN estimates that the Chinese RAC market in the first half of 2022 has decreased by 15% year on year. Data from China Market Monitor showed that the RAC sales volume dipped markedly in all regions of China year on year. In particular, the Southern region suffered the most. In terms of municipal size, RAC sales in the urban and large city markets experienced the largest decline, while the rural and town markets were clearly resilient.
Export Sales
In terms of exports, China exported 40 million RACs in the first half of 2022, a year-on-year decrease of 2.2%, according to ChinaIOL.com. The top exporters included Midea, Gree, TCL, Hisense, Haier, and AUX.
Sep Regular page 22
https://www.ejarn.com/detail.php?id=74940&l_id=
============= Visit new eJARN now! =============
★★★Complimentary issue of JARN magazine for those who are new to JARN magazine★★★
Thinking about subscribing to JARN magazine! You're invited to receive a complimentary sample issue of JARN. To receive your free issue, please send the following information to sample@ejarn.com: Your name, company name, address (including zip code and country), e-mail address, and phone number.
eJARN offers a full range of up-to-date articles on HVAC&R news from around the world.
eJARN members can access JARN's complete archive of past articles.
For subscription to JARN and/or eJARN, contact us at ( subscribe@ejarn.com ).
JARN periodically sends the JARN newsletter to people in the HVAC&R industry as a complimentary service.
If you don't wish to receive this newsletter, please contact ( withdraw@ejarn.com ):
All questions and comments are appreciated: ( jarn@jarn.co.jp ):
JARN Headline News is published in English, Chinese, Japanese, German, Spanish and Russian.
JARN Ltd.
Yokozeki Bldg., 2-10-3 Akasaka, Minato-ku, Tokyo, 107-0052 Japan.
TEL: +81-3-3584-4704 FAX +81-3-3584-4708
------------------------------------------------------------------
Copyright c 2022 JARN Ltd. All Rights Reserved.
