India’s LPG Import Surge Leaves State Fuel Retailers with Excess Inventories India: State-run refiners Indian Oil Corp. (IOC), Bharat Petroleum Corp. (BPCL) and Hindustan Petroleum Corp. (HPCL) are facing excess LPG inventories after securing imports of up to 40,000 tonnes per day amid concerns over potential disruptions in the Persian Gulf through the Strait of Hormuz. With supply risks easing, daily import requirements have fallen to around 30,000–32,000 tonnes, while domes

Capacite Infraprojects Secures USD 56 Million Luxury Residential Construction Contract in Mumbai India: Capacite Infraprojects Limited has secured a USD 56 million (INR 4,820 million) construction contract from Twenty-Five Downtown Realty Limited for a luxury residential project in Mahalaxmi, Mumbai, strengthening its order book and enhancing revenue visibility over the next 24–36 months. The project reinforces the company's presence in the Mumbai Metropolitan Region (MMR), i

Pennsylvania Adopts 2021 ICC Codes for Industrialized Housing and Modular Buildings U.S.: Pennsylvania’s Industrialized Housing & Buildings Program adopted the 2021 ICC Codes effective June 1, 2026, requiring all industrialized (modular) homes and commercial modular buildings that begin their first stage of production on or after that date to comply with the updated standards. Industrialized homes and commercial buildings constructed and certified before June 1, 2026, but not

Hansgrohe Expands Wash Portfolio in India with Launch of Avalegra India: Hansgrohe has expanded its Wash portfolio in India with the launch of Avalegra in Mumbai, showcased at its channel partner outlet C B Xclusive, as part of its strategy to strengthen its consumer-facing retail presence and premium positioning. Avalegra introduces an integrated Washplace concept that combines the wash basin and faucet into a single solution, featuring a parabolic spray integrated into the

Sandro Bonomi Appointed President of CEIR to Strengthen European Taps and Valves Industry Europe: Sandro Bonomi has been appointed President of CEIR-Taps & Valves Europe at the CEIR Congress 2026, held in Brussels, Belgium, from 8–10 June, with a mandate to strengthen the federation’s role in the European political and industrial landscape. Bonomi, who also serves as President of AVR-Italian Association of Valve and Faucet Manufacturers, represents an industry that recorded U

Lecico Egypt Completes Merger of Three Wholly Owned Subsidiaries Egypt: Lecico Egypt has completed the merger of its three wholly owned subsidiaries, International Ceramics, European Ceramics, and Lecico for Ceramic Industries finalizing a process that began last year. Following the merger, the company's issued capital was reduced to approximately USD 4.04 million (EGP 200 million) from approximately USD 8.08 million (EGP 400 million) by halving the par value of its shares to

Elite Bathrooms Enters Voluntary Liquidation in Scotland UK: Edinburgh-based Elite Bathrooms Ltd, a bedroom and bathroom fitting specialist, has entered voluntary liquidation, with Christopher David Horne of Robson Scott Associates appointed as liquidator on July 8, followed by the formal winding-up process on July 13. The company, which had traded for nearly two decades and was registered in North Meggetland, Edinburgh, specialized in luxury bathroom installations by qualifi

Lombardy Introduces New Law to Promote Sustainable Data Center Development Italy: Italy’s Lombardy Region has introduced Regional Law No. 11 of 3 June 2026, establishing a new legislative framework for data center construction that promotes environmental sustainability, energy efficiency, and resource optimization. The law introduces bonus measures and simplified authorization procedures for projects that recover and reuse waste heat generated by server cooling systems, encou

Bongioanni Inaugurates Alpina Heat Pump Production Line in Italy Italy: Bongioanni has inaugurated its new Alpina heat pump production line at its Borgo San Dalmazzo (Cuneo), Italy plant, reinforcing its commitment to innovation, energy transition, and sustainable manufacturing. The company has introduced the Alpina range comprising 7 models from 5–15 kW in three sizes (Small, Medium and Large, including three-phase), featuring energy efficiency of up to A+++, R290 natural re

LG Electronics Reports Record Second-Quarter 2026 Revenue and Operating Profit South Korea: LG Electronics Inc. reported preliminary second-quarter 2026 consolidated revenue of approximately USD 17.3 billion (₩23.83 trillion) and operating profit of approximately USD 1.15 billion (₩1.58 trillion), marking the highest second-quarter results in the company’s history. For the first half of 2026, the company recorded revenue of approximately USD 34.5 billion (₩47.56 trillion) and

Solstice Acquires Element Solutions for USD 14.5 Billion to Expand Data Center Cooling Portfolio U.S.: Solstice has announced the acquisition of Element Solutions in a USD 14.5 billion deal, strengthening its position in the rapidly growing data center cooling market by combining its low-GWP A2L and HFO refrigerant technologies with Element Solutions’ electronics assembly materials, specialty chemicals, and packaging technologies. The acquisition aims to deliver integrated so

ITOCHU and Daikin Form Alliance to Advance Commercial Air Conditioner Recycling in Japan Japan: ITOCHU Corp. and Daikin Industries have signed a comprehensive business alliance agreement under Japan’s Act Concerning Sophistication of Recycling Business, etc. to Promote Resource Circulation (Type 1) to advance resource recycling for commercial air conditioners and expand the use of recycled materials. The partnership will integrate the entire recycling process—from collection