LG KOREA: Lee Jaesung, President and Head of LG Electronics’ ES (Eco Solutions) Business Division, which leads the company’s core HVAC operations, said the company plans to accelerate growth this year with a strong focus on artificial intelligence (AI). He highlighted that LG will begin operations at its manufacturing plant in India in the second half of the year to strengthen local infrastructure and support regional expansion. The ES Business Division offers a broad product

Funding UK: Hounslow has been awarded £10.55 million (US$14.3 million) in funding from the UK Government’s Green Heat Network Fund (GHNF) to launch a major low-carbon heating initiative in the borough. The funding will support Phase One of the Hounslow Heat Network, a project designed to transform the way homes and buildings in Isleworth and Brentford are heated. The scheme will capture unused heat from Thames Water’s Mogden Sewage Treatment Works and distribute it through ap

Financial Chart IRELAND: Trane Technologies plc, a global climate innovation company, reported diluted earnings per share (EPS) from continuing operations of $2.74 for the fourth quarter of 2025. On an adjusted basis, continuing EPS reached $2.86, representing a year-on-year increase of 10 percent. For the full year 2025, the company generated $3.2 billion in cash flow from continuing operating activities, while free cash flow totalled $2.9 billion, equivalent to 98 percent o

Air Conditioner ITALY: The company recorded sales of €639 million (US$758 million) in Italy in 2024 and expects to reach around €700 million (US$830 million) in fiscal 2025. Italy accounts for 13% of EMEA sales and is the company’s largest European air conditioning market, with penetration exceeding 50%, compared to less than 20% in Germany. France remains the second-largest European market, slightly behind Italy. Active in Italy since the 1990s, the company established a dir

Bathroom BANGLADESH: X Bathware has officially entered Bangladesh’s premium bathware market with the launch of its new brand at an event held on Monday at The Westin Dhaka. The company aims to cater to high-end residential, hospitality, and commercial projects across the country. Inspired by Italian design principles, the brand offers a comprehensive range of bathroom solutions that emphasize minimalist aesthetics, functional performance, and long-term durability. The company

Showroom ABU DHABI: Hansgrohe Group, a global leader in premium bathroom and kitchen solutions, has officially inaugurated a new showroom on Najda Street in Abu Dhabi in partnership with Mac Al Gurg, a leading sanitaryware solutions provider and part of the Al Gurg Group. The showroom showcases an extensive portfolio of hansgrohe and AXOR faucets and shower systems, complemented by high-end sanitary ceramics, offering architects, designers, and homeowners an immersive, end-to

Mitsubishi Electric Begins Operations at First Air Conditioner Plant in India India: Mitsubishi Electric has commenced full-scale operations at its first home air conditioner manufacturing facility in India, located in the state of Tamil Nadu. The plant was established with an investment of 21 billion rupees (USD 232 million) and is expected to produce 300,000 inverter room air conditioners and 650,000 compressors annually. Compressors are essential components in air conditio

New Ace Hardware Store Opens in Mission Hills, California USA: A new Ace Hardware store has commenced operations in Mission Hills, California, officially opening to the public on 30 January. The store is located at 10349 Sepulveda Boulevard and spans 15,000 square feet. It carries a variety of established brands and offers multiple services aimed at supporting local homeowners and do-it-yourself enthusiasts. A grand opening event, including promotional sales, is tentatively s

Indonesia’s Per Capita Ceramic Consumption Remains Low in ASEAN Region Indonesia: Ceramic consumption in Indonesia remains comparatively low within the Southeast Asian region, according to data from the Ministry of Industry. The country's domestic ceramic consumption currently stands at 2.5 square metres per capita, which is below the levels observed in other ASEAN member states. The information was conveyed by Minister of Industry Agus Gumiwang Kartasasmita during his addres

Danfoss is expanding industrial heat pump capabilities to support high temperature Denmark: Danfoss is progressing the development of industrial heat pump systems capable of delivering supply temperatures of up to 120°C, with plans to extend this range to 150°C. These advancements aim to support the electrification of high-temperature processes across sectors such as food and beverage, pulp and paper, chemicals, and textiles, where operations depend on hot water or steam for

Prague and ČEZ ESCO Partner to Modernise City’s Heating Infrastructure Czechia: The City of Prague has entered into a cooperation agreement with Czech energy company ČEZ ESCO to modernise the capital’s heating infrastructure. The partnership outlines a long-term framework aimed at ensuring stable and affordable heat supply for residents, while transitioning towards lower-emission energy sources. A dedicated working group comprising city representatives and energy experts has

Chinese Authorities Raid Counterfeit Sanitaryware Operations Linked to International Brands China: Chinese authorities have conducted a raid on two counterfeiting operations in Jiangmen City, Guangdong Province, following months of investigation initiated by sanitaryware manufacturer Hansgrohe. The company commissioned undercover investigators to identify the locations of counterfeit networks. With sufficient evidence collected, the Kaiping Public Security Bureau carried out

Bajaj Electricals Reports Quarterly Loss Due to One-Off Charge and Lower Sales India: Bajaj Electricals reported a consolidated net loss of 341 million rupees (USD 3.76 million) for the quarter ended 31 December, marking a reversal from a profit of 333.6 million rupees in the same period last year. The loss was attributed to a one-time expense related to India’s revised labour codes. The company's consumer products division, which includes fans and home appliances and account

Ambient Enterprises Announces Partnership with HVAC/R International USA: Ambient Enterprises has announced a strategic partnership with HVAC/R International Inc., a master distributor based in Dania Beach, Florida. HVAC/R International has been operating for over 25 years, offering engineering support, equipment distribution, technical consultation, and service to clients across Florida, Latin America, and the Caribbean. Under the new partnership, existing customers are expec

SPX Technologies Acquires Crawford United for USD 300 Million USA: SPX Technologies has completed the acquisition of Crawford United Corporation, a Cleveland-based holding company focused on engineered air handling and industrial products. The deal is valued at approximately 300 million US dollars and includes a cash payment of around 83.86 US dollars per share for holders of both Class A and Class B common stock, subject to adjustments for debt and transaction expenses. As p

India’s Heat Pump Water Heater Market: An Emerging Efficiency Trend India’s water heating market is quietly entering a new phase, marked by the early but accelerating adoption of heat pump water heaters (HPWHs). Long dominated by electric “geysers” and supported by a niche solar segment, the market is beginning to pivot toward heat pump technology as energy efficiency shifts from a secondary consideration to a core purchasing criterion. Although HPWHs currently account for a

Scottish Government Issues Over 1.5 Million Winter Heating Payments SCOTLAND: The Scottish Government has delivered over 1.5 million winter heating payments this winter, including more than one million Pension Age Winter Heating Payments for people aged 66 and over. Replacing the DWP’s Winter Fuel Payment in Scotland, this benefit is paid at a higher rate and administered by Social Security Scotland. Additional support includes the Child Winter Heating Payment, with over 44,0

Voltas Anticipates Double-Digit Growth in Room AC Sales This Summer, Driven by First-Time Buyers INDIA: Voltas expects double-digit revenue growth in its room air conditioner business this summer, driven largely by first-time buyers, who account for about 85% of purchases. AC ownership in India remains low at around 10% of households, compared with much higher penetration in China and Thailand, leaving significant room for growth as heat waves persist. The outlook marks a rec

X Bathware Launches Premium Bathware Brand in Bangladesh BANGLADESH: X Bathware has entered Bangladesh’s premium bathware market with a new brand unveiled at The Westin Dhaka, targeting high-end residential, hospitality and commercial projects. Inspired by Italian design, its products emphasise minimalism, functionality, durability and water efficiency, meeting international quality standards. The company cites rising demand for design-led, premium bathware amid growth in rea

Carrier Shares 2025 Performance and 2026 Forecast USA: Carrier reported weaker fourth-quarter 2025 results, with sales down 6% and organic sales down 9%, reflecting soft residential demand and distributor destocking in the Americas. Full-year 2025 sales reached US$ 21.75 billion, down 3% year on year, though global commercial HVAC and aftermarket businesses achieved double-digit growth. Profitability was supported by productivity gains and a stronger mix in some regions. The