Air handler

Mitsubishi Electric Subsidiaries Acquire French A/C Maker AIRCALO

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水曜日, 4月 3, 2024

Mitsubishi Electric Corporation (TOKYO: 6503) announced today that its wholly owned subsidiaries Mitsubishi Electric Hydronics & IT Cooling Systems S.p.A. and Mitsubishi Electric Europe B.V. wholly acquired AIRCALO, an air-conditioning company in France, on April 2.

Key Points: 
  • Mitsubishi Electric Corporation (TOKYO: 6503) announced today that its wholly owned subsidiaries Mitsubishi Electric Hydronics & IT Cooling Systems S.p.A. and Mitsubishi Electric Europe B.V. wholly acquired AIRCALO, an air-conditioning company in France, on April 2.
  • Going forward, Mitsubishi Electric expects to leverage AIRCALO’s broad product line and strong customization capabilities to expand and upgrade its hydronic HVAC systems business in the diversifying European market, including by meeting strong demand for made-to-order products and environmental awareness.
  • Robust product lines and customization capabilities are important in the hydronic HVAC systems business, where demand is high for made-to-order products at individual installation sites.
  • Having operated in France for many years, AIRCALO commands a large share of the local market for FCUs and air handling units (AHUs), leveraging its broad range of products and strong customization capabilities to meet the specific needs of each installation site.

Avnos and Deep Sky Forge Path to Gigaton-Scale Carbon Removal in Canada

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木曜日, 3月 28, 2024

Deep Sky , a Montreal-based carbon removal project developer, and Avnos , the Los Angeles-based company pioneering novel Hybrid Direct Air Capture (HDAC™) technology for carbon dioxide removal, have joined forces to deploy HDAC technology in Canada.

Key Points: 
  • Deep Sky , a Montreal-based carbon removal project developer, and Avnos , the Los Angeles-based company pioneering novel Hybrid Direct Air Capture (HDAC™) technology for carbon dioxide removal, have joined forces to deploy HDAC technology in Canada.
  • As part of its partnership with Deep Sky, Avnos will build and install a Hybrid DAC Air Handling Unit (AHU) at Deep Sky Labs in Canada, with the capacity to remove 450 tons of CO2 per year.
  • View the full release here: https://www.businesswire.com/news/home/20240328504068/en/
    Deep Sky, the world's first gigaton-scale carbon removal project developer, will operate Avnos’ AHU at Deep Sky Labs, the world’s first carbon removal innovation center.
  • “Our partnership with Deep Sky demonstrates our commitment to achieving gigaton scale carbon removal and steering the nascent CDR industry toward creating opportunity and shared benefits.”
    As a project developer, Deep Sky is actively constructing expansive carbon removal and storage infrastructure across Canada.

Electric Heat Tracing Market worth $4.34 billion by 2029 - Exclusive Report by MarketsandMarkets™

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月曜日, 3月 25, 2024

In self-regulating heat tracing systems, heating cables are designed to automatically adapt their heat output in response to changes in ambient temperature.

Key Points: 
  • In self-regulating heat tracing systems, heating cables are designed to automatically adapt their heat output in response to changes in ambient temperature.
  • As a result, the market for self-regulating heat tracing cables is poised to capture the largest market share and demonstrate the highest CAGR throughout the forecast period.
  • Oil & Gas industry is projected to have the largest market share of electric heat tracing market during forecast period.
  • In the forecasting period, the electric heat tracing market within the oil & gas industry is poised to dominate the market share.

Electric Heat Tracing Market worth $4.34 billion by 2029 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
月曜日, 3月 25, 2024

In self-regulating heat tracing systems, heating cables are designed to automatically adapt their heat output in response to changes in ambient temperature.

Key Points: 
  • In self-regulating heat tracing systems, heating cables are designed to automatically adapt their heat output in response to changes in ambient temperature.
  • As a result, the market for self-regulating heat tracing cables is poised to capture the largest market share and demonstrate the highest CAGR throughout the forecast period.
  • Oil & Gas industry is projected to have the largest market share of electric heat tracing market during forecast period.
  • In the forecasting period, the electric heat tracing market within the oil & gas industry is poised to dominate the market share.

LG RECEIVES AHRI PERFORMANCE AWARD FOR SEVENTH CONSECUTIVE YEAR

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水曜日, 3月 20, 2024

SEOUL, South Korea, March 20, 2024 /PRNewswire/ -- LG Electronics (LG) has received the Air-Conditioning, Heating & Refrigeration Institute (AHRI) Performance Award for the seventh year in a row. The award underscores the excellence of LG's heating, ventilation and air conditioning (HVAC) solutions, which continue to set the standard for performance, efficiency and reliability.

Key Points: 
  • SEOUL, South Korea, March 20, 2024 /PRNewswire/ -- LG Electronics (LG) has received the Air-Conditioning, Heating & Refrigeration Institute (AHRI) Performance Award for the seventh year in a row.
  • The award underscores the excellence of LG's heating, ventilation and air conditioning (HVAC) solutions, which continue to set the standard for performance, efficiency and reliability.
  • The product evaluations required to determine which companies will ultimately receive an AHRI Performance Award are largely carried out by Intertek, the respected third-party testing, certification and inspection organization.
  • The Multi V large-capacity outdoor unit, one of the outstanding LG solutions evaluated for the latest AHRI Performance Award, leverages the company's renowned Inverter Compressor to deliver a powerful, energy-efficient performance.

Modine Acquires Scott Springfield Manufacturing, Gaining Air Handling Unit Offering for Strategic Data Center and Indoor Air Quality Markets

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月曜日, 2月 26, 2024

RACINE, Wis., Feb. 26, 2024 /PRNewswire/ -- Modine (NYSE: MOD), a diversified global leader in innovative thermal management and ventilation solutions, announced today that it had entered into a definitive agreement to acquire Scott Springfield Manufacturing, a leading manufacturer of air handling units (AHU). With this transaction, Modine will gain immediate access to a highly complementary product portfolio and a blue-chip customer base in several strategic end markets, including hyperscale and colocation data centers, telecommunications, healthcare and aerospace.

Key Points: 
  • "We are excited to welcome the Scott Springfield team to the Modine family and continue to advance our complete suite of products in the data center area, as well as expand our indoor air quality offerings," said Neil D. Brinker, President and Chief Executive Officer of Modine.
  • Further, the addition of custom air handling unit capabilities demonstrates our continued commitment to focus on innovative, engineered solutions that help us achieve our long-term growth targets.
  • "Modine's data center and IAQ businesses deliver these world-class HVAC solutions to markets where efficient and effective thermal management and ventilation are vital.
  • Barclays served as an advisor to Modine for the transaction, and Angle Advisors served as an advisor to Scott Springfield Manufacturing.

Alat and Carrier Partner to Advance Climate and Energy Solutions in the Kingdom of Saudi Arabia

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水曜日, 2月 21, 2024

RIYADH, Saudi Arabia, Feb. 20, 2024 /PRNewswire/ -- Alat (Alat), a PIF company, and Carrier Global Corporation (NYSE: CARR), global leader in intelligent climate and energy solutions, today announced their commitment to build a cutting-edge manufacturing and R&D facility in Saudi Arabia that will deliver advanced heating, ventilation and air conditioning (HVAC) solutions. The partnership will serve customers in the Kingdom, and its visionary Giga projects, such as NEOM, as well as ensure broader regional – and even global – distribution. Alat was established on February 1, 2023, by His Royal Highness Prince Mohammed bin Salman Abdulaziz Al Saud, Crown Prince and Prime Minister, Chairman of the Board of Directors of Alat.

Key Points: 
  • RIYADH, Saudi Arabia, Feb. 20, 2024 /PRNewswire/ -- Alat (Alat), a PIF company, and Carrier Global Corporation (NYSE: CARR), global leader in intelligent climate and energy solutions, today announced their commitment to build a cutting-edge manufacturing and R&D facility in Saudi Arabia that will deliver advanced heating, ventilation and air conditioning (HVAC) solutions.
  • The agreement will leverage Alat's financial strengths and Carrier's technology and manufacturing capabilities to develop made-in-Saudi Arabia intelligent climate solutions, marking the first phase of the partnership with Alat.
  • Amit Midha, Chief Executive Officer at Alat, said: "We are proud to partner with a global leader in intelligent climate and energy solutions, and bring to the Kingdom expertise and innovation in this field.
  • "Carrier has long had a presence in Saudi Arabia and we see significant growth opportunities in the region.

Alat announces four partnerships with leading global companies to rapidly progress technology manufacturing in Saudi Arabia

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火曜日, 2月 20, 2024

RIYADH, Saudi Arabia, Feb. 20, 2024 /PRNewswire/ -- Alat, an innovative company focused on transforming global industries (electronics and industrials) and creating a world-class manufacturing hub in the Kingdom of Saudi Arabia, today announced four global partnerships with leading technology companies, Softbank Group, Carrier Corporation, Dahua Technology and Tahakom.

Key Points: 
  • RIYADH, Saudi Arabia, Feb. 20, 2024 /PRNewswire/ -- Alat, an innovative company focused on transforming global industries (electronics and industrials) and creating a world-class manufacturing hub in the Kingdom of Saudi Arabia, today announced four global partnerships with leading technology companies, Softbank Group, Carrier Corporation, Dahua Technology and Tahakom.
  • Alat, a PIF company, will deliver sustainable manufacturing to help these global companies reduce their emissions and move towards carbon zero manufacturing.
  • Alat and Dahua Technology will invest US$200M to establish a secure and compliant global business for vision-centric products, called Alat AIVisio Technology Co. Ltd., and a state-of-the-art manufacturing facility in Saudi Arabia.
  • Alat has appointed some of the world´s most experienced global industry experts to lead each of the Alat business units.

Alat announces four partnerships with leading global companies to rapidly progress technology manufacturing in Saudi Arabia

Retrieved on: 
火曜日, 2月 20, 2024

RIYADH, Saudi Arabia, Feb. 20, 2024 /PRNewswire/ -- Alat, an innovative company focused on transforming global industries (electronics and industrials) and creating a world-class manufacturing hub in the Kingdom of Saudi Arabia, today announced four global partnerships with leading technology companies, Softbank Group, Carrier Corporation, Dahua Technology and Tahakom.

Key Points: 
  • RIYADH, Saudi Arabia, Feb. 20, 2024 /PRNewswire/ -- Alat, an innovative company focused on transforming global industries (electronics and industrials) and creating a world-class manufacturing hub in the Kingdom of Saudi Arabia, today announced four global partnerships with leading technology companies, Softbank Group, Carrier Corporation, Dahua Technology and Tahakom.
  • Alat, a PIF company, will deliver sustainable manufacturing to help these global companies reduce their emissions and move towards carbon zero manufacturing.
  • The company will also empower the private sector and enhance the commercial environment through its business systems and partnerships with leading international technology manufacturers.
  • Alat has appointed some of the world´s most experienced global industry experts to lead each of the Alat business units.

Mining Automation Market worth $5.1 billion by 2029 - Exclusive Report by MarketsandMarkets™

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木曜日, 2月 8, 2024

A well-established communication infrastructure helps transport data and voice and video messages, which is critical for safe and reliable mining.

Key Points: 
  • A well-established communication infrastructure helps transport data and voice and video messages, which is critical for safe and reliable mining.
  • The surface mining technique segment is expected to hold a substantial market share during the forecast period.
  • Surface mining is a form of mining technique used to extract minerals and ores occurring closer to the earth's surface.
  • Automation is pivotal in surface mining, contributing to heightened efficiency, diminished human error, and improved safety.