LG Electronics Expands European Heat Pump Supply with Large-Scale Residential Orders Spain/Serbia: LG Electronics is expanding its presence in Europe’s heat pump market by securing large-scale orders, including the installation of its high-efficiency LG Multi V i heat pumps for a residential complex of more than 1,000 households near Madrid, Spain, and supplying customized solutions based on Multi V i and LG MULTI V S for more than 500 households at the King’s Circle and The

Hyundai L&C Strengthens Premium Building Materials Portfolio Through European Partnerships South Korea: Hyundai L&C, the comprehensive building materials company under the Hyundai Department Store Group, is strengthening its presence in the high-end market by signing exclusive domestic distribution agreements with Italian hardwood flooring manufacturer Florian and German bathroom fixtures maker KEUCO. Florian, which has more than 50 years of experience in hardwood processing,

Coalition of 34 Organizations Urges DOE to Delay Natural Gas Furnace Efficiency Standards U.S.: A coalition of 34 organizations has urged the U.S. Department of Energy (DOE) to extend the compliance deadline and reverse Biden-era efficiency rules for natural gas furnaces and commercial water heaters, citing concerns over higher costs and reduced consumer choice. Supported by the American Gas Association, American Public Gas Association and National Propane Gas Association, th

ASHRAE, PNNL and NEMA Launch AI Data Center Energy Performance Framework U.S.: ASHRAE, in collaboration with Pacific Northwest National Laboratory (PNNL) and the National Electrical Manufacturers Association (NEMA), has released the AI Data Center Energy Performance Framework, providing industry-wide guidance for next-generation data center design and operation. Announced on June 11, 2026, the framework offers practical strategies for both new and existing facilities across t

Morbi Ceramic Industry Rebounds as Fuel Supplies Stabilize INDIA: Morbi ceramic industry has largely resumed operations following a two-month disruption caused by fuel shortages linked to the Iran conflict. Nearly all of the town's 750 ceramic manufacturing units are now operational as supplies of piped natural gas and propane have normalised, enabling thousands of migrant workers to return. However, the crisis has significantly increased production costs, with manufacturers

Carrier Appoints Thomas Donato President of Climate Solutions Europe UNITED STATES: Carrier Global Corporation has announced the appointment of Thomas Donato as President of its Climate Solutions Europe segment, succeeding Thomas Heim, who is stepping down from the role. Donato joins Carrier with extensive experience in industrial technology leadership, most recently serving as CEO of Bosch Power Tools and previously holding senior positions at Bosch Rexroth, Rockwell Automat

Consolidation in the Consumer Electronics Retail Sector is Driving Air Conditioner Sales in Japan JAPAN: Japan’s consumer electronics retail sector is attracting renewed investor attention as industry consolidation and anticipated air conditioner demand support growth prospects. The proposed business integration between Yamada Holdings and Edion is expected to create the country’s largest electronics retailer and could trigger further industry realignment. Meanwhile, Nojima h

France Cuts VAT on Air-to-Air Heat Pumps Amid Rising Heatwave Risks FRANCE: France will introduce a reduced VAT rate of 5.5% on high-efficiency reversible air-to-air heat pumps by September 2026, as part of its climate adaptation strategy. The measure, announced during a review of the National Climate Change Adaptation Plan (PNACC), aims to support cooling solutions amid increasingly frequent heatwaves. Eligibility will be limited to top-performing systems under criteria yet

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