ACR-News
Know what you want? Try our 'Supplier Directory' 

Midea to take a stake in Carrier Latin America

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 companies Aro SA, Carrier SA and Carrier Fueguina, as well as Carrier's subsidiary in Chile.

Last year Midea bought a 32.5 per cent stake in Carrier's majority-owned Egyptian ac manufacturing business Miraco for $58m.

Collaboration between the two companies goes back to 1999 with a co-operation between Midea and Toshiba Carrier saw the first inverter VRF system being produced in China. In 2004, the co-operation was formalised when Toshiba Carrier bought 20 per cent of Midea shares.

The two companies also set up a joint venture plant in China's Guangdong Province in 2008, to produce commercial R410A inverter units.

Follow HVROnlineEditor on Twitter

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

Conex Bänninger leads the ‘press-fit’ revolution targeting apprentices at the start of their career

Conex Bänninger is promoting press-fit to a new generation of apprentices by developing relationships with colleges across the country....

  30-Jan-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
ACR News is the number one magazine in the air conditioning and refrigeration industry. Don’t miss out, subscribe today!
Subcribe to ACR News

Diary