China
Midea to take a stake in Carrier Latin America
8-Aug-2011 MIDEA is reported to have agreed to pay around $223m for a 51 per cent stake in Carrier’s air conditioning interests in Latin America, further extending the co-operation between the Chinese ac manufacturer and the US giant. Carrier will retain the remaining 49 per cent stake in its Latin American assets, which include Springer Carrier and Climazon Industrial in Brazil, the Argentinian ...
Trane Chiller Plant Retrofit Services Improve Efficiency and
In-depth analysis and tailored solutions reduce chiller plant operating costs by up to 20 percent Shanghai, China, Aug.3, 2011 – Facility managers trying to keep operational costs under control are wise to pay special attention to their chilled water system plants. Chilled water systems can consume up to 50 percent or more of a facility’s yearly electricity use. They also tend to become less ener...
Carrier Strengthens Sustainability Offering
Acquires a significant stake in Shandong Fuerda Air Conditioner Equipment Co., Ltd SHANDONG, China, August 3rd, 2011 --- Carrier strengthens its commitment to energy efficiency and sustainabil...
Carrier buys into Chinese heat pump market
US AIR conditioning manufacturer Carrier has acquired a controlling interest in one of China’s leading heat pump companies. The joint venture with water source and geothermal heat pump manufacturer Sh...
Chinese Consumer Appliance Purchase Intentions Down from 1Q
Jul 27, 2011 Chinese Consumers’ confidence in the strength of the economy for the next 6 months was at 55.4% in the second quarter of 2011, down from 61.4% in the first quarter of 2011, according to ProsperChina. Confidence is also lower than in 2Q 2010, when it stood at 56.5%. Consumers in 2Q 2011 were more focused on "needs" over "wants" and were making more practical purchases than in the last ...
Panasonic may sell Sanyo appliance unit to Haier
Panasonic Corp. plans to sell subsidiary Sanyo Electric Co.’s household appliance businesses to Chinese electronics maker Haier, as part of the parent company’s efforts to reorganize overlapping...
Evaporative Cooler Work Committee Established
The second managing director meeting of the sixth board of the China Refrigeration and Air-conditioning Industry Association (CRAA) was held on April 6. Major air conditioner manufacturers, such as Gree, Midea, Daikin, and Samsung participated in the meeting. At the meeting, the establishment of the Evaporative Cooler Work Committee within the CRAA was passed with a majority votes. It is hoped tha...
Air-to-Water Heat Pump Prices Drop
Air-to-water (ATW) heat pump water heaters entered the Chinese market in 2002. In less than a decade, they have been widely adopted in hotels, campuses, factories and stadiums, with features like high energy efficiency, environmentally-friendly operation and high levels of safety.Meanwhile, fierce brand competition has also promoted the development of the market. In recent years, with the competit...
New Policies to Promote Energy Savings in Public Buildings
On May 11, the Ministry of Housing and Urban-Rural Development (MOHURD) and the Ministry of Finance (MOF) jointly published ‘the Notice on Promotion of Energy Saving in Public Buildings.’ According to...
Hisense Hitachi Lays Foundation for Production Base
Hisense Hitachi held a foundation laying ceremony on May 18 for the phase II project of its production base in the Hisense Information Industrial Park in Qingdao Economic and Technological Development...
