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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 Shandong Fuerda Air Conditioner Equipment Co Ltd will allow Carrier China to expand its sustainability offering. With 2010 revenues over $30m, Fuerda has more than 300 employees, a manufacturing facility and 23 sales offices covering 20 provinces in China.

'This joint venture will enhance Carrier's sustainability product portfolio in China and accelerate Fuerda's growth in the marketplace by leveraging our combined strength in technology and distribution,' said Geraud Darnis, president, Carrier.

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Coronavirus industry update

UPDATED 22 April: In response to the Coronavirus pandemic, manufacturers, wholesalers and distributors are issuing statements regarding their operations as the situation evolves. The most up to date information from each company is listed below and ...

  25-Mar-2020

Designed for the future: Daiklin's new VRV 5 series

At Daikin, we continue to push the boundaries in order to create more sustainable solutions, simplify installation, enhance performance in use, and reduce our environmental footprint. In the spirit of the Paris Agreement, we aim to be CO2 neutral by ...

  18-Sep-2020

HVCA will become B&ES on 1 March

From Thursday 1 March the HVCA will become B&ES - the Building & Engineering Services Association.
  03-Sep-2020
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