Lennox Reports Q3 2025 Revenue of USD 1.4 Billion U.S.: Lennox Reports Q3 2025 Revenue of USD 1.4 Billion with Strong Profit Margins Despite Volume Decline, as overall revenue declined 5% to USD 1.4 billion due to lower sales volumes. Operating income increased 2% to USD 310 million, with an operating margin of 21.7%. The Home Comfort Solutions segment saw revenue fall 12% to USD 913 million and segment profit decline 10% to USD 203 million, while the Building Climate Solutio

Empower Expands District Cooling Capacity with New Plant in Jumeirah Village Circle UAE: Emirates Central Cooling Systems Corporation (Empower) begins Construction of Second District Cooling Plant in Jumeirah Village Circle, set to deliver a production capacity of 37,000 refrigeration tonnes (RT). The project, overseen by Empower’s in-house team, is part of six advanced district cooling plants in the area with a combined capacity of 256,000 RT. The new plant will join the exi

Resolve Acquires South African Tile Supplier Tiletoria South Africa: South African investment firm Resolve, through its private equity fund and in partnership with the company’s management team, has completed the acquisition of tile and bathroom solutions provider Tiletoria. The company, founded in the mid-1990s, supplies tiles and related products to major retail chains, commercial developers, and large-scale projects across South Africa. Its operations focus primarily on pr

Orlen Termika Launches Tender for Major Heat Recovery and Pump Project in Warsaw Poland: Orlen Termika has announced a tender for what is expected to become Europe’s largest flue gas condensation and heat pump installation at the Żerań Combined Heat and Power Plant in Warsaw. The system will recover approximately 145 megawatts of thermal power and is projected to reduce carbon dioxide emissions by around 137,000 tonnes annually while cutting natural gas consumption by 33 mill

Thailand Approves Fiscal Package to Revive Tourism and Support Growth Thailand: Thailand’s Economic Cabinet has approved a fiscal stimulus package aimed at revitalising the country’s declining tourism sector and boosting economic growth. The Ministry of Finance is expected to present the proposal to the full Cabinet for approval next week. The decision followed the first meeting of the Economic Cabinet under Prime Minister Anutin Charnvirakul’s administration, which focused o

Enpal Secures Major Financing Deal to Expand Renewable Energy Solutions Across Europe Germany: Germany-based solar and heat pump provider Enpal has entered into a financing agreement worth EUR 700 million (USD 755 million) with M&G Investment Management to accelerate the adoption of renewable energy technologies across Europe. Supported by an additional EUR 600 million (USD 647 million) in senior loans from banks including Citi and Barclays, the funding will strengthen Enpal’

Saudi Arabia to Supply 5,400 Locally Made Smart Air Conditioning Units to Egypt Saudi Arabia: Saudi Arabia has entered into an agreement to export 5,400 locally produced air conditioning units to Egypt during 2025 as part of efforts to expand its non-oil exports. The units, manufactured at the York Manufacturing Complex in King Abdullah Economic City, will be supplied to a major real estate project in Egypt developed by ORA Co. in collaboration with Raya Corp. The complex, op

Go Geothermal Partners with The Merchant’s Choice to Expand Heat Pump Distribution in the UK UK: Go Geothermal Ltd, based in Newton Aycliffe, has entered into a trading partnership with The Merchant’s Choice (TMC) buying group to distribute CTC’s Swedish-manufactured ground source and air source heat pumps across the United Kingdom. The collaboration aims to make advanced renewable heating technologies more accessible to independent heating and plumbing businesses, strengthen

Tadiran Enters Italian HVAC Market as Part of European Expansion Strategy Italy: Tadiran, an international company operating in the battery, consumer electronics, and air conditioning sectors, has announced its entry into the Italian HVAC market as part of its wider European growth strategy. The company, which reported revenue of EUR 490 million in 2024 across more than 40 countries, aims to become one of the top ten HVAC players in Italy within five years. Tadiran Italia wil

Ariston Group Acquires Telangana Manufacturing Facility to Expand Racold Operations in India India: Ariston Group has signed an agreement to acquire a new manufacturing facility near Hyderabad, Telangana, from Hintastica Private Limited, a joint venture between Groupe Atlantic of France and Hindware Home Innovation Limited of India. The plant, inaugurated in January 2023, spans 23,100 square metres, with 13,000 square metres covered area, and has an annual production capacity

India Extends Application Deadline for PLI Scheme on Air Conditioners India: The Government of India has extended the application deadline for the Production Linked Incentive (PLI) scheme for white goods, specifically air conditioners, until 10 November 2025. The extension follows strong interest from industry participants and growing investment commitments under the scheme. Initially launched in April 2021, the PLI scheme for white goods has a total budgetary outlay of INR 6

Lacey Partners with Puget Sound Energy to Expand Heat Pump Rebates USA: Puget Sound Energy (PSE) has partnered with the City of Lacey under the 2025 Matching Rebate Programme to increase financial support for homeowners replacing natural gas heating systems with electric heat pumps. Under the initiative, Lacey will match PSE’s existing rebate of USD 4,000 (EUR 3,700), providing income-qualified households with a combined rebate of up to USD 8,000 (EUR 7,400). The programme is