Reece Gains Attention as Housing and Infrastructure Demand Support Plumbing and HVAC Growth AUSTRALIA: Reece Ltd continues to benefit from stable demand across the Australian and New Zealand plumbing and HVAC markets, supported by residential construction, infrastructure investment and recurring maintenance activity. The company reported resilient trading conditions, improved operational efficiency and stable margins as supply-chain pressures eased. Reece is investing in bran

Carysil Expands Premium Kitchen Business in India INDIA: Carysil showcased its latest kitchen and bathroom innovations at Innovaxpo 2026 while accelerating expansion in the Indian market. The company introduced advanced quartz and granite sinks, integrated stainless steel worktops, RO faucet systems and its premium CX appliance range inspired by European design. Carysil also expanded into bathroom solutions through its Carysil Blue portfolio. Growth is being driven by rising

SRS Distribution Completes Acquisition of HVAC Distributor Mingledorff’s USA: SRS Distribution Inc., a subsidiary of The Home Depot, has completed the acquisition of Mingledorff's LLC, a major HVAC distributor operating 42 locations across five southeastern US states. The acquisition adds HVAC distribution as a new business vertical for SRS and strengthens The Home Depot’s professional contractor strategy. The deal enhances access to HVAC equipment, parts and supplies for res

Johnson Controls International Reports Strong Q2 2026 Performance IRELAND: Johnson Controls International plc reported strong fiscal Q2 2026 results, supported by rising demand for HVAC, data centre and energy-efficiency solutions. Quarterly sales increased 8% to USD 6.1 billion, while organic sales grew 6%. Adjusted EPS rose to USD 1.19 from USD 0.82 a year earlier, and orders increased 30% organically. The company’s backlog reached a record USD 20 billion, up 26% year-on-ye

Johnson Controls International Expands Denmark Heat Pump Hub to Boost European Manufacturing Capacity DENMARK: Johnson Controls International plc has expanded its Holme, Aarhus facility in Denmark, adding 2,300 m² of production space and an 1,800 m² testing and customer centre to double heat pump manufacturing and validation capacity. The site, powered by 100% green energy, focuses on large-scale industrial heat pumps and chillers for district heating, healthcare, research an

Duravit AG Confirms Michael Demmer as Chief Executive Officer GERMANY: Duravit AG has officially appointed Michael Demmer as CEO and Chairman of the Management Board following his interim leadership role. The decision, approved by the Supervisory Board on 29 April 2026, reflects confidence in his strategic vision for the company’s future. Duravit plans to strengthen its position as a premium bathroom brand through sustainable value creation, operational efficiency, and global

Housing Construction Vietnam: Nishi-Nippon Railroad, also known as Nishitetsu, plans to develop around 22,000 housing units in Vietnam between 2026 and 2035 through a partnership with local developer Nam Long Group. The Japanese company has acquired a 49% stake in Nam Long ADC, a subsidiary focused on affordable and middle-income housing projects, while Nam Long will retain the remaining 51% stake. The partnership will expand existing residential developments around Ho Chi Mi

Import relaxation on air conditioner and compressor India: The Government of India has extended conditional import relaxations for selected hermetic compressors used in air conditioners, refrigerators, and heat pumps until March 31, 2027, under the amended Quality Control Order framework. The revised notification allows manufacturers to continue importing specified compressor categories for captive use, subject to limits linked to their FY2024-25 import volumes. The move is a

Cera India: Cera Sanitaryware reported a 9.6% year on year decline in net profit to INR 77.33 crore (US$8.11 million) during Q4 FY26, while revenue from operations increased by 11.4% to INR 643.8 crore (US$67.5 million). The company stated that higher operating expenses, including increased stock in trade purchases and other expenditures, affected profitability during the quarter. Operating profit margin declined to 15.2% from 18.3% in the corresponding period last year. For

Ariston Group Italy: Ariston Group reported net revenues of EUR 656.1 million in Q1 2026, marking a 1.2% year on year increase, while organic revenue remained broadly stable. The company posted an adjusted EBIT of EUR 34 million with a margin of 5.2%, supported by continued growth in renewable heating solutions, particularly heat pumps in Europe and Germany. However, weak demand in the gas boiler segment across Europe and slower water heating demand in the United States impac

Housing At a pivotal stage in the legislative calendar, American Supply Association engaged with Capitol Hill lawmakers on key industry priorities while closely monitoring policy developments. A major highlight was the advancement of the long-anticipated Farm Bill by the House Agriculture Committee, which includes provisions from the Healthy H2O Act, a measure strongly supported by ASA. The legislation enables rural households, particularly those dependent on well water, to c

Residential ServiceTitan has released its 2026 Residential State of the Trades Report, based on a survey of 1,000 residential contractors. The findings indicate that 74% of contractors see AI as a key driver of efficiency, reflecting a clear shift toward more technology-enabled operations. However, only around 25% are currently using AI, revealing a notable gap between interest and actual adoption. Among early adopters, the benefits are already evident, with 48% reporting imp