closed sign UK: Upmarket tile retailer Fired Earth has closed all of its high street stores after entering administration. The company’s 20 UK showrooms, located in affluent areas such as London’s New Kings Road and Islington, have been shut down, resulting in 133 job losses following the appointment of administrators from Leonard Curtis. According to the administrators, the collapse stemmed from prolonged financial strain on the business, which is known for its handmade tile

Samsung Logo SOUTH KOREA: Samsung Electronics announced that it has finalized the acquisition of FläktGroup, Europe’s largest HVAC manufacturer. With this acquisition, Samsung intends to leverage FläktGroup’s extensive production and sales infrastructure to enhance research and development capabilities, strengthen its supply chain, and progressively integrate products and services to generate synergies across operations. FläktGroup’s subsidiaries, including Woods Air Movement

Heat pump ITALY: Ariston’s shares rose 6.37% to €3.70 (US$ 4.26) following the release of its third quarter and nine-month 2025 results on November 5, which highlighted accelerated organic growth and continued margin improvement supported by a strong rebound in heat pump demand. The company reported net revenues of €668 million (US$ 768 million) for Q3 2025, reflecting 4.2% year-over-year organic growth. Adjusted EBIT reached €48 million (US$55 million), with a 7.4% margin on

Air Conditioner TURKEY: Japan-based air conditioning manufacturer Daikin announced plans to invest €100 million ($114.8 million) in Türkiye, aiming to leverage the country’s production capacity and engineering infrastructure as a regional hub for its Middle East and Africa operations. Daikin entered the Turkish market through the acquisition of Airfel and has been expanding local production, particularly for specialized products. Speaking to Anadolu, Hasan Onder, CEO of Daiki

Air Conditioner INDIA: Air-conditioner and commercial refrigeration systems manufacturer Blue Star Ltd reported a 2.83% increase in its consolidated net profit for the September quarter of FY26. Revenue from operations rose by 9.3% in the year-ago period. Despite this growth, the company faced challenges during the quarter, including an extended monsoon period and disruptions in sales channels resulting from the rationalization of the GST slab for compressor-based cooling pro

China Flag CHINA: WF International Limited, a leading provider of integrated electromechanical solutions including the supply, installation, and maintenance of HVAC systems, floor heating, and water purification systems, announced it has received official one-year distributor qualification from Qingdao Hi-Sense Hitachi Air-Conditioning Systems Co., a joint venture of HITACHI, LTD, the globally recognized Japanese technology leader. This new qualification enables WF Internatio

water heater USA: A federal appellate court ruled Tuesday in a 2-1 decision that the U.S. Department of Energy’s (DOE) rules, which effectively phase out the sale of non-condensing gas commercial water heaters and consumer furnaces in favor of more efficient condensing models, can move forward. These DOE regulations, first proposed over a decade ago and finalized in 2023 (water heaters) and 2024 (furnaces), set a 95% efficiency standard for gas-fired commercial water heaters

Financial graph JAPAN: Takara Standard Co., Ltd. posted strong financial results for the six months ending September 30, 2025, with net sales rising 6.2% and operating profit surging 46.3% year-on-year. The company has upwardly revised its full-year earnings forecast, signaling confidence in sustained growth, and announced a substantial dividend increase, reflecting a positive outlook for shareholders. Takara Standard listed on the Tokyo Stock Exchange, specializes in the man

Air Conditioner SAUDI ARABIA: Al Hassan Ghazi Ibrahim Shaker Co., Saudi Arabia’s leading manufacturer, importer, and distributor of air conditioners and home appliances, has announced its financial results for the first nine months and third quarter of 2024, marking its highest Q3 and 9M performance since 2017. Shaker’s results reflect strong momentum in its HVAC solutions segment and improved operational efficiency. The HVAC segment recorded significant growth, offsetting a

UK UK: The UK government has launched a new Heat Training Grant offering up to EUR 500 (USD 574) to support engineers and tradespeople in gaining the skills needed to install air source heat pumps (ASHPs), a critical technology in the nation's drive toward net zero emissions. This initiative aims to expand the skilled workforce required to meet the government’s target of installing 600,000 heat pumps annually by 2028. As demand for these low-carbon heating solutions continues

Hornback Holding Serbia: The German DIY chain HORNBACH Holding AG & Co. KGaA is advancing its international growth strategy by preparing to enter the Serbian market, signalling further expansion into Southeast Europe. The company, already present in eight European countries, has indicated at its annual press conference that it expects to announce a new country entry “relatively soon”.   The company has just reaffirmed it is continuing to invest in new stores, digitalisation o

Bosch India: The board of Johnson Controls‑Hitachi Air Conditioning India Ltd. has approved a proposal to change the company’s name to Bosch Home Comfort India Ltd., following its transition into full ownership under the German group Robert Bosch GmbH. This strategic rebranding aligns the Indian arm with Bosch’s global home comfort business vertical, reflecting its growing role in the residential light-commercial HVAC segment. The change is accompanied by a formal postal ball