HVAC AUSTRALIA: AIIR Intelligent HVAC has entered into a strategic partnership with Copeland to enhance smart HVAC system integration and energy management capabilities. Under the collaboration, all AIIR products will be equipped with a custom-configured version of Copeland’s Verdant VX4 thermostat, creating an advanced HVAC solution aimed at simplifying installation, speeding up project approvals, and improving energy efficiency. The specially configured Verdant VX4 thermost

Bathroom Villeroy & Boch reported a satisfactory performance in the first quarter of 2026 despite operating in a difficult market environment influenced by ongoing geopolitical tensions and global economic uncertainty. The company experienced a decline in revenue, mainly due to the divestment of its northern European Gustavsberg and Vatette businesses along with unfavorable currency movements. However, underlying demand trends remained relatively stable on an adjusted basis.

DIY GERMANY: The six largest DIY retail chains in Germany recorded a combined sales decline of 0.5% in 2025, with total gross turnover reaching EUR 19.435 billion (US$22.7 billion) compared to EUR 19.533 billion (US$ 22.8 billion) in the previous year. Among the leading operators, Hornbach delivered the strongest growth at 1.9%, followed closely by Globus Baumarkt with 1.8%, while Obi posted moderate growth of 0.6%. Bauhaus achieved slight growth of 0.2% and maintained its po

Daikin Daikin Holdings Singapore announced the signing of a Memorandum of Understanding with Delta Electronics to jointly develop next-generation Coolant Distribution Unit (CDU) solutions for AI and high-performance computing (HPC) data centres across the ASEAN and Oceania regions. The collaboration combines Daikin’s long-standing expertise in facility-level cooling and thermal management with Delta’s advanced capabilities in server-side liquid cooling and CDU technologies to

Daikin Europe: Daikin Industries announced strong global group results for fiscal year 2025 ended March 31, 2026, with solid growth driven by its air conditioning and applied solutions businesses despite ongoing global economic challenges. Its subsidiary, Daikin Europe, which manages HVAC-R operations across Europe, the Middle East, and North Africa, achieved record annual turnover of EUR 5.25 billion (US$6.1 billion), surpassing the previous fiscal year’s performance. In Eur

Daikin Daikin delivered stable growth in FY2024/25, supported by continued global demand for HVAC solutions despite challenging market conditions in several regions. The company reported higher net sales and improved profitability, driven by strong performance in commercial and industrial HVAC businesses, turnkey services, and energy-efficient solutions. Growth in sectors such as data centres, healthcare, hospitality, and industrial applications helped offset weaker residenti

HVAC UK: Daikin Rental Solutions has expanded its UK rental fleet with the addition of high-capacity cooling systems, low-carbon heating technologies, process cooling equipment, and UK-manufactured air handling units to address rising demand for flexible and energy-efficient temporary HVAC solutions. The expansion comes as organisations across the UK face increasing challenges related to ageing infrastructure, higher temperatures, stricter regulations, and the shift toward lo

Sanitaryware UAE: RAK Ceramics demonstrated resilient performance in Q1 2026 despite ongoing geopolitical tensions, supply chain disruptions, and elevated logistics costs across several regions. The company benefited from strong demand in key markets such as the UAE and Bangladesh, while its position as a local manufacturer enabled greater operational flexibility and quicker adaptation to changing market conditions. By increasing the use of locally sourced raw materials and p

Haier THAILAND: Haier is investing THB 5 billion (US$ 154 m) to establish a new commercial air conditioner manufacturing facility in Rayong, Thailand, with operations expected to commence in June 2027. The plant, situated on approximately 76 rai within the WHA Eastern Seaboard Industrial Estate 5, is projected to become Southeast Asia’s largest central air conditioning manufacturing base. According to the company, the facility is expected to achieve an annual production capac

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