Appoints Jyrki Martikainen as CEO Finalnd: Nordic Climate Group has appointed Jyrki Martikainen as CEO for Finland, effective 1 April 2026, as part of a planned and well-prepared succession process aimed at supporting the Group’s continued growth in the country. Ilpo Mäkelä, who has led the Finland operations since 2020, will transition to a Board role, contributing to long-term development. Commenting on the appointment, Fredrik Gren highlighted Martikainen’s strong leadersh

AC Industry Faces Weather Disruptions and Rising Costs Ahead of Peak Summer Season India: Air-conditioner manufacturers in India are proceeding cautiously as unseasonal rains across several regions disrupt the early summer demand cycle, which typically peak in March. The industry is also facing rising input costs due to geopolitical tensions in West Asia, leading to higher prices of raw materials such as plastics and reduced LPG supply impacting production. Manufacturers have

Villeroy & Boch Maintains Stability in FY2025 with Revenue Growth Despite Challenging Market Conditions Germany: Villeroy & Boch reported a resilient performance in 2025, with revenue rising 1.8% to EUR 1,447 million and operating EBIT reaching EUR 97.8 million despite weak construction activity and subdued consumer spending. The Bathroom & Wellness division grew 2.3% to EUR 1,124.5 million (3.4% currency-adjusted), supported by acquisitions including Ideal Standard, while ma

Solar Water Heater Adoption In India For a majority of households, electric geysers win on upfront affordability and ease of installation, while solar water heaters win on lifecycle savings. Electric storage and instant geysers are available from around 3000 - 15000 INR, with minimal installation complexity, which fits the cash‑flow constraints of many urban and semi‑urban buyers. Solar systems, even after price declines, still involve higher capital expenditure and structura

Korea District Heating Corporation Surpasses EERS Target with Record Energy Savings SOUTH KOREA: Korea District Heating Corporation has recorded its most significant milestone to date in energy efficiency improvement, reinforcing its role as a public energy provider. The company not only surpassed its targets under the Energy Efficiency Resource Standard (EERS) program but also expanded support to help reduce heating costs for vulnerable groups. The corporation, led by Presid

UK Launches Version 1 of Net Zero Carbon Buildings Standard to Guide Decarbonisation UK: The UK Net Zero Carbon Buildings Standard has launched Version 1 of its technical framework, offering a free resource designed to help the built environment demonstrate that assets are decarbonising in line with the UK’s carbon and energy targets. Developed collaboratively by organizations including CIBSE, BBP, BRE, Carbon Trust, IStructE, LETI, RIBA, RICS, and UKGBC, the voluntary standa

India AC Makers Warn of Production Strain Amid LPG, Petrochemical Shortages INDIA: India’s air conditioner manufacturers are flagging possible production pressures as shortages of LPG and petrochemicals, linked to the ongoing West Asia conflict, begin to surface. The tightening supply is driving up input costs just ahead of the peak summer season, with prices already increasing by 5–15%. Given the industry’s heavy dependence on imports routed through the Strait of Hormuz, any

Morbi Ceramic Industry Comes to a Standstill Amid Gas Supply Disruption INDIA: The closure of the Strait of Hormuz has disrupted gas supplies to Morbi, forcing a large portion of the region’s ceramic industry to halt production. While several units had already ceased operations due to the shortage, the Morbi Ceramic Manufacturers Association has now decided to extend the shutdown to the remaining operational units as well. Morbi is one of the world’s top three ceramic cluster

Geberit Unveils Experience Center in Milan, Reinforcing Strategic Focus on Italy ITALY: Geberit has unveiled a preview of its new “Geberit Experience Center,” a multifunctional space in Milan designed as a hub for interaction and collaboration. As stated by the company, the center aims to serve as a platform for engagement, bringing together designers, businesses, architects, installers, end consumers, and institutions to foster continuous dialogue with both the industry and

Carrier Ventures Invests in Heat Geek to Accelerate Heat Pump Adoption in Europe UK: Carrier Global Corporation, a global provider of intelligent climate and energy solutions, has announced that its venture arm, Carrier Ventures, has made a strategic investment in Heat Geek, a UK-based company focused on accelerating residential heat pump adoption across Europe. Heat Geek runs a digital platform that connects homeowners with certified, highly trained local installers. Using a

Eurovent Issues cPCR Guidance to Standardize EPDs for HVAC Equipment EUROPE: Eurovent has released a new Recommendation providing guidance on complementary Product Category Rules (cPCR) for heat pump and air-conditioning equipment. The aim is to support the creation of consistent Environmental Product Declarations (EPDs) and promote harmonised life-cycle assessment practices, particularly as sustainability requirements tighten under evolving European regulations and building

Eneco and Rabobank Launch GroenGebouw Leasing to Boost Sustainable Building Investments EUROPE: Eneco and Rabobank have joined forces to introduce Eneco GroenGebouw™, a leasing solution designed to help businesses adopt sustainable energy technologies without significant upfront investment. Under this model, Rabobank provides financing for systems such as solar panels, heat pumps, EV charging infrastructure, and battery storage, while Eneco delivers these solutions through a