Lecico Egypt Completes Merger of Three Wholly Owned Subsidiaries Egypt: Lecico Egypt has completed the merger of its three wholly owned subsidiaries, International Ceramics, European Ceramics, and Lecico for Ceramic Industries finalizing a process that began last year. Following the merger, the company's issued capital was reduced to approximately USD 4.04 million (EGP 200 million) from approximately USD 8.08 million (EGP 400 million) by halving the par value of its shares to

Elite Bathrooms Enters Voluntary Liquidation in Scotland UK: Edinburgh-based Elite Bathrooms Ltd, a bedroom and bathroom fitting specialist, has entered voluntary liquidation, with Christopher David Horne of Robson Scott Associates appointed as liquidator on July 8, followed by the formal winding-up process on July 13. The company, which had traded for nearly two decades and was registered in North Meggetland, Edinburgh, specialized in luxury bathroom installations by qualifi

Lombardy Introduces New Law to Promote Sustainable Data Center Development Italy: Italy’s Lombardy Region has introduced Regional Law No. 11 of 3 June 2026, establishing a new legislative framework for data center construction that promotes environmental sustainability, energy efficiency, and resource optimization. The law introduces bonus measures and simplified authorization procedures for projects that recover and reuse waste heat generated by server cooling systems, encou

Bongioanni Inaugurates Alpina Heat Pump Production Line in Italy Italy: Bongioanni has inaugurated its new Alpina heat pump production line at its Borgo San Dalmazzo (Cuneo), Italy plant, reinforcing its commitment to innovation, energy transition, and sustainable manufacturing. The company has introduced the Alpina range comprising 7 models from 5–15 kW in three sizes (Small, Medium and Large, including three-phase), featuring energy efficiency of up to A+++, R290 natural re

LG Electronics Reports Record Second-Quarter 2026 Revenue and Operating Profit South Korea: LG Electronics Inc. reported preliminary second-quarter 2026 consolidated revenue of approximately USD 17.3 billion (₩23.83 trillion) and operating profit of approximately USD 1.15 billion (₩1.58 trillion), marking the highest second-quarter results in the company’s history. For the first half of 2026, the company recorded revenue of approximately USD 34.5 billion (₩47.56 trillion) and

Solstice Acquires Element Solutions for USD 14.5 Billion to Expand Data Center Cooling Portfolio U.S.: Solstice has announced the acquisition of Element Solutions in a USD 14.5 billion deal, strengthening its position in the rapidly growing data center cooling market by combining its low-GWP A2L and HFO refrigerant technologies with Element Solutions’ electronics assembly materials, specialty chemicals, and packaging technologies. The acquisition aims to deliver integrated so

ITOCHU and Daikin Form Alliance to Advance Commercial Air Conditioner Recycling in Japan Japan: ITOCHU Corp. and Daikin Industries have signed a comprehensive business alliance agreement under Japan’s Act Concerning Sophistication of Recycling Business, etc. to Promote Resource Circulation (Type 1) to advance resource recycling for commercial air conditioners and expand the use of recycled materials. The partnership will integrate the entire recycling process—from collection

Mitsubishi Electric Acquires APAC and COMPAC Groups to Expand European Data Center Cooling Business Japan: Mitsubishi Electric Corporation announced that its wholly owned subsidiary, Mitsubishi Electric Hydronics & IT Cooling Systems S.p.A., acquired all shares of the APAC and COMPAC groups, including their operating companies in the Netherlands, on July 13. The acquisition strengthens Mitsubishi Electric’s one-stop capabilities in Europe by combining the groups’ expertise in

Alpha Fire Services to Acquire Icon Engineering in USD 0.87 Million Share-Swap Deal Sri Lanka: Alpha Fire Services PLC has announced plans to acquire 100% of Icon Engineering Enterprises (Pvt.) Ltd, an HVAC solutions provider operating in Sri Lanka and the Maldives, through a USD 0.87 million share-swap transaction. The acquisition, involving the issue of 9.12 million new ordinary voting shares at an implied value of USD 0.10 per share, is expected to position Alpha as a full

IIR Publishes Briefing Note on Dehumidification Technologies for Energy-Efficient Air Conditioning Global: The International Institute of Refrigeration (IIR) has published "Dehumidification in Air Conditioning," the 62nd note in its Briefing Notes on Refrigeration Technologies series, highlighting the role of moisture removal in improving indoor comfort and HVAC energy efficiency. The report notes that, in hot and humid climates, HVAC systems can account for more than 50% of

LG Expands HVAC Training Network to Strengthen Technical Expertise Across Global Markets UNITED ARAB EMIRATES: LG Electronics is expanding its global HVAC Academy network to strengthen installation, maintenance, and service capabilities as part of its Global South strategy. A key addition is the LG MEA Hub Academy in the UAE, one of the region’s largest HVAC training and testing centers, offering certification programs, hands-on technical training, and customer experience zon

Growth of Energy Recovery Ventilation in the Indian Commercial Sector India's Grade-A office space in India’s top seven cities reached about 72 million sq. ft in 2025, growing by 6% on better demand from domestic and foreign companies, according to real estate consultant Colliers. With this growth ventilation systems have gained importance even as Indian Green Building Council (IGBC) rating system require projects to meet minimum fresh air ventilation standards (often referen