India to Remain Key Growth Market for LG’s Air Conditioning Business India: LG Electronics has stated that India is expected to remain its largest residential air conditioning market globally by sales volume, supported by growing demand and relatively low air conditioner penetration. According to the company, India is among its top three HVAC markets worldwide, alongside the United States and Brazil. LG also noted that the country offers further growth opportunities in the co

Waves Home Appliances Resumes Air Conditioner Production and Sales in Pakistan Pakistan: Waves Home Appliances Limited has resumed the assembly and nationwide sale of air conditioners in Pakistan after suspending the product category following import restrictions introduced in 2022. The company informed the Pakistan Stock Exchange that its first shipment of 5,000 completely knocked-down air-conditioner kits had arrived from China, enabling the restart of local assembly for T1

Uzbekistan and RAK Ceramics Discuss Investment Opportunities in Building Materials Sector Uzbekistan: Uzbekistan’s Ambassador to the United Arab Emirates, Umid Shadiev, met with Abdallah Massaad, Group Chief Executive Officer of RAK Ceramics, to discuss opportunities for cooperation in the building materials industry. The discussions focused on expanding investment collaboration, increasing the production of value-added construction materials and introducing modern technologi

Norcros Reports Higher Revenue and Profit Following Fibo Acquisition United Kingdom: Norcros reported group revenue of GBP 393.4 million (USD 532.0 million) for the 53 weeks ended 5 April 2026, up 10.6% from the previous year. Underlying operating profit increased by 7.9% to GBP 48 million (USD 64.9 million), while cash conversion rose to 116%. Diluted underlying earnings per share increased to 35.8 pence, and the full-year dividend was raised by 8.7%. The company stated that

Naphtha Shortage Begins Affecting Air Conditioner Installations in Japan Japan: A shortage of naphtha-linked materials, linked to disruption caused by the Middle East crisis, is beginning to affect air conditioner installation activity in Japan ahead of the summer season. Contractors have reported shortages of products such as pipe covers and rising costs for refrigerant pipes and electrical wiring, creating concerns about their ability to meet seasonal demand. Industry parti

WaterFurnace Promotes Two Executives to Vice President Roles USA: WaterFurnace International has announced the promotion of Ryan Johnson and Dean Grunseth to Vice President positions as part of changes to its leadership structure. Johnson has been appointed Vice President Residential, while Grunseth has been named Vice President Commercial. The company stated that the appointments are intended to support its residential and commercial operations and strengthen engagement with

UK Proposes New Energy Efficiency Rules for Heating Devices UK: The UK Government has proposed new energy efficiency regulations that could restrict the sale of certain heating devices, including some towel rails and underfloor heating systems. Under the proposals, heating products would be required to include controls that limit operation to specified periods in order to improve energy efficiency. The rules would apply to new product sales and not to existing installations.

INNOVA and Copeland Partner on Heat Pump Thermostat Integration USA: INNOVA and Copeland have announced a partnership to integrate Copeland’s Verdant VX4 thermostat with INNOVA’s inverter heat pump systems. Under the agreement, INNOVA’s products will be supplied with a customised version of the thermostat designed to support control of inverter-driven heat pump operations, occupancy-based settings and integration with the company’s control systems. The partnership covers INNO

Industry Group Calls for Review of UK Heat Pump Targets UK: The UK Government is facing calls to reconsider plans to increase heat pump targets under the Clean Heat Market Mechanism (CHMM) after concerns were raised by the Regulatory Policy Committee (RPC) regarding the evidence supporting the proposed changes. The Government plans to increase the target from 6% to 8%, but the RPC stated that the justification for tightening the scheme has not been clearly demonstrated. The E

Saudi Arabia Maintains Inflation Below 2% Despite Regional Pressures Saudi Arabia: Saudi Arabia recorded consumer price inflation of 1.7% year-on-year in April 2026, according to Kamco Invest’s Gulf Cooperation Council inflation update. The figure remained below 2% despite increasing global inflationary pressures linked to higher energy, food and transport costs following the conflict in the Middle East. The report noted that housing-related costs remained the main contributo

HVAC JAPAN: Bosch Home Comfort Group, the HVAC division of Robert Bosch GmbH, and Hitachi Group have entered into a strategic collaboration to develop intelligent building management solutions through “HMAX for Buildings.” Combining Bosch’s expertise in commercial HVAC systems with Hitachi’s advanced AI and IoT capabilities, the partnership aims to enhance the performance, efficiency, and lifecycle value of HVAC assets in mission-critical facilities such as offices, commercia

Flag GERMANY: Vaillant Deutschland, in partnership with Energienetze Bayern GmbH and Energie Südbayern GmbH (ESB), is supporting the “H2Direkt” project in Hohenwart, Upper Bavaria, where several households and a commercial facility are now being supplied with 100% hydrogen through an existing gas distribution network. Following the successful completion of the research and pilot phase, the project has entered regular operation, demonstrating the practical feasibility of suppl