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Carrier relinquishes control of its Korean operations

CARRIER has sold a controlling equity interest in its Korean air conditioning operations, CLK, to Sinokor Pipe Co, a Korean industrial manufacturing company. CLK will continue to be Carrier's distributor in Korea.
CLK designs, manufactures, and distributes a range of air conditioning products in Korea. With 2009 sales of approximately $200m and close to 500 employees, it has built a strong presence in the Korean air conditioning industry. CLK has its headquarters in Seoul and a manufacturing facility in Gwangju, Korea.

'I'm pleased that this partnership with Sinokor will strengthen CLK operations and enhance its growth potential,' said Geraud Darnis, president, Carrier Corp. 'This transaction marks another step in Carrier's business transformation to a more focused and higher margin business.'

The IOR Annual Conference – a conference on-demand

Delegates to the IOR Annual Conference taking place from 21 to 22 April will get the chance to access the event live and all sessions and recordings for up six months afterwards providing fantastic value and allowing anyone registering for the event ...

  01-Apr-2021

Panasonic’s Aquarea Loop transforms retrofit heating and cooling

Panasonic Heating & Cooling Solutions has introduced the Aquarea Loop, a new decentralised water-to-air heat pump designed for optimal energy efficiency. This system operates with a low-temperature central water loop of 20° - 30°C year-round, ...

  12-Feb-2025

RFGC - New Sanhua Thermostatic Expansion Valve ready for R290

The main body in stainless steel guarantees an increased robustness and the certainly of a lead-free material and welding is in copper. RFGC 06 series has been designed and optimized for application with propane (R290).
  03-Feb-2025
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