Roca Plans Redevelopment of Former Alcalá de Henares Factory Site Spain: Roca has presented plans to redevelop its former manufacturing site in Alcalá de Henares, Madrid, which ceased operations in 2022. The project has been under discussion since 2023, when the company and the local council signed a letter of intent to transform the area. The mayor of Alcalá de Henares, Judith Piquet, recently outlined the initial concept for the redevelopment, which proposes converting the

Local Manufacturing Reshapes Demand for Bathroom and Kitchen Products in Thailand Driving Growth and Reducing Import Dependence Thailand’s bathroom and kitchen products market is undergoing a structural transformation driven by the rapid growth of local manufacturing. The market relies on domestic producers that offer affordable, high-quality, and design-oriented products suited to Thai lifestyles and living conditions. Rising incomes, urbanization, and government initiatives

Watts Water Technologies Completes Acquisition of Superior Boiler USA: Watts Water Technologies Inc. has completed its acquisition of Superior Boiler, a company that designs and manufactures steam and hot water boilers and related equipment for commercial, institutional and industrial use. Superior’s product range includes firetube, watertube and condensing boilers, and the company reports annualised sales of about USD 60 million. The transaction was funded using available ca

UK Government Expands Boiler Upgrade Scheme to Cover Air-to-Air Heat Pumps and Heat Batteries UK: The UK Government has expanded its Boiler Upgrade Scheme to include air-to-air heat pumps and heat batteries, offering households more options to decarbonise their heating. Previously, the scheme provided grants of GBP 7,500 (approximately USD 9,450) for the installation of air-source or ground-source heat pumps. Under the new rules, households can now claim a grant of GBP 2,500

BITZER and MEHITS Form Joint Venture for Integrated System Development Germany: BITZER and MEHITS have established a new joint venture, BITZER MEHITS Advanced Solutions GmbH, to strengthen their collaboration of more than 25 years. The venture will operate as a research and development centre, with a focus on aligning compressor and component development more closely with MEHITS system design. MEHITS, part of the Mitsubishi Electric Group, will contribute its expertise in sys

Navien Enters the US Heat Pump Water Heater Market with a New Stainless Steel Tank Model USA: Navien has entered the heat pump water heater market with the launch of its NWP 500 model, marking a shift from its established focus on tankless gas water heaters and boilers. The new model is fully electric and includes a stainless steel tank and an in-house manufactured recirculation pump, features adapted from the company’s existing gas water heater technologies. This product rep

Bathroom USA: At the World Architecture Festival in Miami, Grohe Spa—the luxury sub-brand of Grohe and part of building materials group LIXIL, unveiled a new partnership with Buster + Punch to launch an integrated bathroom concept. Framed as a “creative’s toolkit,” the collection is designed to enable architects and designers to achieve “harmonious interiors” with consistent fit, feel and finish. The initial collaboration showcases three Grohe Spa finishes, Brushed Warm Sunse

Sustainability GERMANY: NIBE Industrier AB’s interim report for the third quarter of 2025 indicates a continued market recovery, with sales rising to SEK 29,841 million (US$ 3.1 million) and operating profit strengthening to SEK 2,865 million (US$303 million). Despite headwinds from political uncertainty and currency volatility, the company has sustained solid performance, supported by its broad international footprint and disciplined cost control. The heat pump market in Eur

MR DIY Logo THAILAND: The Thai arm of global home goods retailer Mr. DIY expected to raise about US$ 173 million (EUR 150.33 million) from its stock market debut. Following the listing, the company floated 10.9 per cent of its shares to the public. The funds are earmarked for opening an additional 500 stores in Thailand between 2025 and 2027, aiming to build a network of over 1,500 outlets by the end of this period, expanding market share, reducing debt, and strengthening ope

Vitra Italy: Vitra Italia has appointed Marcello Martinelli as its new Country Director. He has over twenty years of experience in roles involving sales leadership and management of Italian operations in companies such as Sharp Electronics, Fluidmaster and Piab AB. He will oversee the strategic development of Vitra in the Italian market, focusing on strengthening business relations and expanding the company presence. The company plans to continue growing its product portfolio

India’s PLI Scheme for White Goods India: The government received commitments worth US$ 215.7 million from 13 companies under the production linked incentive scheme for air conditioner and LED component manufacturing. Over half of the applicants were MSMEs, highlighting their increasing participation in the domestic supply chain. Nine companies will invest US$ 204.7 million in key air conditioner components such as compressors, motors, copper tubes and control assemblies, whi

Voltas India: Voltas posted a 76.3% drop in consolidated net profit to US$ 3.5 million in Q2 FY26, compared to US$ 14.9 million a year earlier. Revenue from operations fell 10.37% to US$ 264.5 million as the cooling business was impacted by a weaker summer season and GST related demand deferment. The company unitary cooling products segment, which includes room air conditioners, declined 23.2% to US$ 136.9 million due to muted retail demand and higher channel inventory follow