Daikin Philippines outlines sales outlook following POGO exit Philippines: Daikin Airconditioning Philippines Inc. stated that it is targeting sales growth of between 15 percent and 20 percent by 2027, following challenges experienced in the previous year linked to the ban on Philippine Offshore Gaming Operators. Under Executive Order 74, offshore gaming operators were required to cease operations by 31 December 2024. According to data from Colliers Philippines, the office va

Fujitsu reports third-quarter FY2025 financial results Japan: Fujitsu Ltd. announced its third-quarter financial results for the fiscal year 2025 on 29 January 2026. The company reported profits across all of its business segments for the period. Following the announcement, Fujitsu’s shares rose by 0.79 percent. The company stated that its recent business focus has included the expansion of digital transformation and system modernisation services, with a significant share of

Australia sees rise in dwelling construction activity Australia: Data released by the Australian Bureau of Statistics shows that construction activity for new dwellings increased over the past year, though it remains below levels required to meet government housing targets. Dwelling commencements in the twelve months to September 2025 rose by 11.2 percent. The data indicates that housing demand continues to outpace supply, with delivery constraints identified as a key factor

GADOTT Opens First Luxury Bathware Experience Centre in New Delhi India: GADOTT has opened its first Luxury Experience Centre in Rajouri Garden, New Delhi, marking its entry into experience-led retail in the Indian bathware market. The centre is intended to serve as a physical platform for showcasing the brand’s bath fittings, shower systems, wellness products and accessories, allowing architects, designers and homeowners to view and assess products in a single location. The

Systemceram Reports Kitchen Ceramics Growth in 2025 Germany: Systemceram recorded overall sales growth of 4.8 percent in the 2025 financial year, with performance led by its kitchen ceramics division, which increased by 11.6 percent compared with the previous year. The bathroom ceramics and OEM segment grew by 5.1 percent, while laboratory ceramics declined by 7 percent, reflecting project-related variations in contract demand. The company attributed the kitchen segment’s per

Panasonic Reports Progress on Emissions Reduction in 2026 Sustainability Update Europe: Panasonic Group has published its 2026 Sustainability Data Book, outlining progress in reducing carbon dioxide emissions across its operations and its heating and cooling activities in Europe. The company reported that, as of 2025, 45 factories worldwide had achieved net zero carbon dioxide emissions, exceeding its earlier target of 37 sites. These results were attributed to energy efficie

LG Electronics Expands North America HVAC Focus at AHR Expo 2026 North America: LG Electronics plans to expand its presence in the North American heating, ventilation and air conditioning market and will present its portfolio at the AHR Expo, to be held in Las Vegas from 2 to 4 February 2026. The company will operate a 447 square metre exhibition space organised into residential, commercial and industrial zones, showcasing systems designed for housing, commercial buildings an

Voltas Reports Lower Q3 and Nine-Month Profits, Maintains AC Market Share India: Voltas Limited reported a decline in profitability for the third quarter ended December 2025, while maintaining its position in the room air conditioner segment. The company recorded total income of INR 3,120 crore (USD 375 million, EUR 345 million) for the quarter, compared with INR 3,164 crore in the same period last year. Profit before tax declined to INR 116 crore (USD 14 million, EUR 13 mill

United Building Solutions Expands Southern Presence with DFW Mechanical Acquisition USA: United Building Solutions has acquired DFW Mechanical Group, a commercial and industrial mechanical contractor operating across Texas, Oklahoma, Georgia and Florida. The transaction adds DFW Mechanical to United Building Solutions’ national HVAC and mechanical services platform and extends its operations further into the southern United States. DFW Mechanical, headquartered in Wylie, Texa

LIXIL Reports Earnings Growth Driven by Renovation Demand and International Markets Japan: LIXIL reported higher core earnings for the third quarter of the financial year ending March 2026, supported by renovation demand in Japan and improved performance in selected international markets. Revenue for the nine-month period reached JPY 1,138,500 million (USD 7,700 million / EUR 7,100 million), a marginal decline year on year. In Japan, higher sales of renovation products in wat

Uzbekistan Updates Mandatory Digital Labelling Rules for Home Appliances Uzbekistan: The Cabinet of Ministers of Uzbekistan has revised the list of home appliances subject to mandatory digital labelling, removing the requirement for several product categories. From 1 July, an experimental digital labelling programme will be introduced for vegetable oil. At the same time, nine categories of electrical appliances have been fully excluded from the labelling framework, including

Italy Confirms Extension of Bathroom Renovation Tax Bonus for 2026 Italy: Italian Government has confirmed that the bathroom renovation tax bonus will be extended through 2026 under the same conditions applied in 2025. The measure maintains a tax deduction of 50 percent for main residences and 36 percent for second homes and other properties. This decision delays the previously planned reduction of the deduction rates to 36 percent and 30 percent, which has now been postponed

Accelerates Riyadh Housing Saudi Arabia: Saudi Arabia has more than 100 million square metres (sqm) of development-ready land available in Riyadh as the government aims to deliver 300,000 residential units in the capital over the next three years, according to Minister of Municipalities and Housing Majed Al-Hogail. Speaking at the Real Estate Future Forum on Monday, the minister said authorities have introduced fees on undeveloped plots and vacant properties to activate idle

Home Improvement Experience Centre in Hyderabad India: ABC Spacery, a comprehensive home improvement experience centre, will be officially inaugurated in Hyderabad on Wednesday. The company is a result of an alliance between ABC Group International, Patel Marketing, and Subha Gruha Group, and has a presence across 9 countries, including the Middle East and Africa, with a portfolio of over 1,000 brands. The centre brings together global sensibilities, craftsmanship, and innova

Boost Gas Import Capacity Poland: Poland’s Gaz-System and the Gas Transmission System Operator of Ukraine have agreed to a phased boost in gas import capacity from Poland to Ukraine starting February 2026, with daily capacity set to rise from 15.3 million cubic metres to 18.4 million cubic metres by the end of April, according to Ukrainian Energy Minister Denys Shmyhal as reported by European Pravda. Shmyhal said the agreement is crucial for ensuring stable heating supplies t

Economy Slows to 4.4% Growth Philippine: The Philippine economy slows to 4.4% in 2025, marking its slowest growth in five years, as a corruption scandal linked to infrastructure projects, trade headwinds, and a series of typhoons weighed heavily on activity. The Philippine Statistics Authority said gross domestic product grew 3% in the fourth quarter, down from a revised 3.9% in the third quarter, making it the weakest quarterly performance since the 3.8% contraction recorded

RED III Transposition Tightens Incentives Italy: With the transposition of the RED III Directive published in the Official Gazette, incentives for replacing gas systems with stoves and fireplaces have been halted, while boilers remain eligible only under much stricter conditions aimed at minimizing particulate emissions. The Directive sets a new renewable energy target for buildings at 40.1% by 2030 and introduces obligations even when heating systems are replaced, alongside

Sets HCFC Consumption Limits Mexico: Mexico has established maximum allowable consumption levels for hydrochlorofluorocarbons (HCFCs) for the 2026–2030 period, reinforcing its commitments under the Montreal Protocol, according to a measure published on Jan. 23, 2026, in the Official Gazette of the Federation. Issued by the Ministry of Environment and Natural Resources (SEMARNAT), the regulation strengthens the framework governing ozone-depleting substances and provides regula

Bharti Group–Indigo Cove Acquisition India: India’s fair trade regulator, the Competition Commission of India (CCI), on Wednesday approved Bharti Group and Indigo Cove Investments’ proposed acquisition of a 49% stake in white goods manufacturer Haier Appliances (India) Pvt Ltd. The transaction, valued at around USD 2 billion, was cleared under the green channel route, which allows automatic approval for deals that do not raise competition concerns. According to a notice submi

Hydronic Heating Systems UK: The Chartered Institute of Plumbing and Heating Engineering (CIPHE) has launched a new technical guide titled “An Introduction to Low-Temperature Hydronic Heating Systems” to support the industry’s shift toward lower-temperature, more energy-efficient heating solutions following updates to Building Regulations Part L. The guide provides step-by-step guidance on designing hydronic heating systems operating at 55°C and below, including 45°C for hea

AkijBashir and Anwar Landmark Bangladesh: AkijBashir Group and Anwar Landmark Limited have signed a Memorandum of Understanding (MoU) on January 28, 2026, initiating a strategic collaboration to expand access to AkijBashir’s premium building materials portfolio for Anwar Landmark’s authorized members and clientele. Under the agreement, AkijBashir Group will provide a dedicated premium sourcing and fulfillment facility through its flagship emporium “Selections,” ensuring guide

Appointment APAC: Johnson Controls has named Susan Hughes as Vice President and President for its Asia Pacific region. Effective from the end of February, Hughes will take over from Anu Rathninde and will report directly to CEO Joakim Weidemanis. She will also become a member of the company’s executive committee. The company identified Asia Pacific as a strategic growth region, citing Hughes’s strong leadership credentials along with her extensive experience in operations and

Handshake UAE: Azizi Developments, one of the UAE’s leading private real estate developers, has extended its collaboration with Daikin to supply comprehensive HVAC systems for Burj Azizi, set to become the world’s second-tallest tower. The agreement includes the provision of cooling and air-conditioning solutions across the project’s residential, hospitality, retail, and entertainment components, ensuring long-term indoor comfort and reliable system performance. The scope cov

Heat Pump USA: Senator Scott Wiener (D–San Francisco) today announced the Clean Homes and Energy Affordability Package (CHEAP), comprising SB 222, the Heat Pump Access Act, and SB 868, the Plug-and-Play Solar Act. SB 222 aims to simplify and accelerate permitting for heat pump HVAC and water heater installations, while SB 868 streamlines approvals for plug-in solar systems, a new category of small, portable solar technology with the potential to significantly reduce energy co