HVAC CANADA: The Master Group, a leading North American distributor of heating, ventilation, air conditioning, and refrigeration (HVACR) equipment, parts, and supplies, has completed the acquisition of Distributor Corporation of New England (DCNE), a long-established Carrier distributor that has served the eastern New England region—including Massachusetts, Maine, New Hampshire, and Rhode Island—for more than six decades. The acquisition aligns with Master Group’s strategy to

Voltas INDIA: Voltas' share price surged by as much as 5% on the NSE during Monday's trading session after the company announced that it had surpassed 1 million air conditioner sales in less than three months of FY27. The milestone reflects strong consumer demand, growing customer confidence, and the company's continued focus on innovation, operational excellence, and market expansion. It also highlights the success of several strategic initiatives undertaken over the past ye

Samsung Expands Presence in Premium Residential HVAC Market INDIA: Samsung Electronics has strengthened its HVAC presence in India by securing a major contract to supply air-conditioning solutions for The Orchard, a luxury residential development in Gurugram, in partnership with real estate developer Central Park. The project involves the installation of Samsung's HVAC systems across more than 3,000 residential units, with resident move-ins scheduled to begin in the following

Daikin Applied Invests US$30 Million in HVAC Training Facility USA: Daikin Applied has broken ground on a US$30 million Solutions & Technical Institute in Plymouth, Minnesota, as part of its efforts to address the growing shortage of skilled HVAC professionals. Scheduled to open in 2027, the 64,000-square-foot facility will provide hands-on training using more than 50 fully operational HVAC units and offer up to 120 specialised training programmes covering advanced controls,

Bangladesh PM Tarique Rahman Visits Malaysia and China to Boost Investment and Economic Cooperation Bangladesh: Bangladesh Prime Minister Tarique Rahman has begun his first overseas visit since taking office, undertaking a six-day trip to Malaysia and China to attract investment, expand overseas employment and strengthen economic ties. During his China visit, Bangladesh is expected to sign 15–17 bilateral agreements, while discussions will include the Teesta River project and

Enpal Germany: German energy company Enpal reported continued business growth supported by the wider use of artificial intelligence and the expansion of its digital platform. The company stated that AI tools are being used across several areas of operations, including customer service, sales processes and internal workflows, helping to improve efficiency and support business scaling. Enpal has also continued to broaden its range of energy solutions beyond solar systems to inc

Lennox North America: Lennox has signed a definitive agreement to acquire Heat Controller, a North American HVAC equipment supplier. Heat Controller serves distributors across the region through its Comfort-Aire and Century brands, supplying residential and commercial heating and cooling products. Financial terms of the transaction were not disclosed. The acquisition will expand Lennox's product portfolio and strengthen its presence among small and mid-sized HVAC distributors

Saint-Gobain Europe: Saint-Gobain has signed an agreement to sell its specialist distribution operations under the Dahl brand in Sweden, Norway and Denmark to Kesko. The business focuses on the distribution of plumbing, sanitary and heating products across the Nordic region and operates through around 190 outlets. The business generated about US$2.2 billion in sales during 2025. The transaction is valued at US$1.32 billion and is expected to be completed in early 2027, subjec

General Australia Australia and New Zealand: GENERAL Australia has announced the departure of Philip Perham from his position as managing director for Australia and New Zealand after nearly 27 years with the company. Sachio Inami, Head of Oceania, will become the senior point of contact for the Australian market. The change follows the acquisition of Fujitsu General Limited by Paloma Rheem Holdings in 2025. Perham has served as managing director since 2017 and oversaw the tra

Haier Europe: Haier UK and Ireland have appointed Jim McEwan as Managing Director, succeeding Diego Perrone. McEwan officially assumed the role in May 2026 after previously serving as Chief Commercial Officer. He has been with Haier UK for more than six years and has over two decades of experience in the home appliance industry. In his new position, McEwan will oversee Haier operations across the United Kingdom and Ireland and continue to work with retail partners and interna

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

Saudi Arabia Construction Deals with China and Awards US$506 Million Housing Projects SAUDI ARABIA: Saudi Arabia has awarded US$506 million in housing projects across Riyadh and Dammam and signed six deals and memorandums of understanding with Chinese partners to strengthen cooperation in the construction sector. The agreements cover modern construction technologies, engineering design, financing solutions, knowledge transfer, and public-private partnerships, supporting the K

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

Mod-land Expands Localised Supply Chain for Bathroom Vanities in the US USA: Mod-land Inc. has strengthened its North American supply chain by expanding its localised distribution model for bathroom vanities and fixtures in the United States. The company combines manufacturing facilities in the US and Malaysia with more than ten warehouses across the country, enabling faster deliveries and reducing supply chain risks. Serving builders, contractors and developers, Mod-land off

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