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World News

23 Dec 2024

Systemair buys remaining shares in HSK

SWEDEN/TURKEY: Systemair has acquired the remaining shares in Turkish air handling units manufacturer HSK….

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21 Dec 2024

Hoshizaki takes 51% stake in Vietnamese company

JAPAN/VIETNAM: Hoshizaki, the Japanese manufacturer of commercial food and beverage refrigeration equipment, has acquired a majority shareholding in Vietnamese company Asia Refrigeration Industry (ARICO)….

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20 Dec 2024

Vertiv acquires centrifugal chiller technology

UK: Vertiv has invested in centrifugal chiller technology with the acquisition of certain assets of BiXin Energy Technology (Suzhou) Co (BSE)….

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Mitsubishi Electric buys Irish agent

NETHERLANDS/IRELAND: Mitsubishi Electric Europe is to acquire all the shares of its Irish agent – air conditioning installation and maintenance company Crystal Air Holdings Ltd….

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19 Dec 2024

Foodservice equipment wins F-gas exemption

EUROPE: The foodservice industry has obtained a temporary exemption to a January 1 ban on certain self-contained refrigeration equipment under the new European F-gas regulations….

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18 Dec 2024

EU could do more to support heat pumps

BELGIUM: The European Heat Pump Association (EHPA) has suggested that nearly all European countries could bring in more fiscal measures to support the uptake of heat pumps….

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17 Dec 2024

Daikin forms Indian compressor JV

INDIA: Daikin’s Indian subsidiary is to form a joint venture with Taiwanese compressor company Rechi Precision to manufacture and sell rotary inverter compressors for the Indian air conditioning market….

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High GWP refrigerant increases in the atmosphere

CANADA: Researchers in Canada have found that HFC125, a high GWP gas and a major component of air conditioning refrigerant R410A, has increased exponentially in the past 20 years….

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16 Dec 2024

Three tonnes of illegal HFCs seized in NZ

NEW ZEALAND: Authorities in New Zealand have reported the seizure of three tonnes of HFCs in an ongoing crackdown on illegal imports….

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13 Dec 2024

US plant will produce 1 million heat pump compressors per year

JAPAN/USA: Mitsubishi Electric will begin US production of variable-speed heat pump compressors in October 2027, following the $143.5m retrofit of its Kentucky-based auto parts factory….

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