Huida Sanitary Ware CHINA: Huida Sanitary Ware reported its 2025 three-quarter results, with revenue/net profit/net profit attributable to non-controlling interests reaching 2.21 billion yuan (~US$ 311.3 million) / 0.015 billion yuan (~US$ 2.1 million) / -0.047 billion yuan (~US$ 6.6 million loss) for the first nine months, reflecting year-on-year declines driven by weakened terminal demand. In 2025 Q3, revenue and net profit after deducting non-recurring items stood at 0.785

Indonesia INDONESIA: Indonesia is on track to become the world’s fourth largest ceramic producer, driven by strong sectoral growth, rising investment and supportive industrial policies, according to the Ministry of Industry. "We are optimistic that Indonesia, with strong investments and well-targeted policies, will break into the global top four in the near future," said Taufiek Bawazier, the ministry's Director General of Chemical, Pharmaceutical, and Textile Industries. Ind

Somany Ceramics INDIA: Somany Ceramics Limited reported consolidated revenue of ₹681.00 crores (~US$ 76.8 million) for Q2 FY2026, reflecting a 2.9% year-on-year increase, while net profit declined to ₹15.00 crores (~US$ 1.7 million) from ₹17.00 crores in the previous year. Operational performance included tiles sales volume of 17.80 million m² and strong capacity utilization rates of 75% in tiles and 74% in sanitaryware. The Board approved a draft scheme for merger of three w

Growing Interest in Wellness Products Boosts India’s Bath Market In urban India, bathrooms are gradually evolving from purely functional spaces into personal wellness zones. While this transformation is still limited to a relatively small segment of the population, it reflects changing aspirations among affluent city dwellers. This shift has sparked a promising growth in wellness bathroom products, breathing new life into the baths market, which remained a slow mover for deca

The Indonesian Economic Growth Slows Slightly in Third Quarter Indonesia: The Indonesian economy expanded by 5.04% year-on-year in the third quarter, down from 5.12% in the previous quarter, according to official data released on Wednesday. The moderation in growth poses a challenge for the government, which aims to achieve an annual target of 5.2% and gradually raise it to 8% by 2029. The slowdown coincided with anti-government protests and disruptions in key sectors, includ

Philippine Economic Growth Slows Amid Corruption Scandal and Weak Investment Philippines: The Philippine economy expanded by 4% year-on-year in the third quarter, falling short of market expectations of 5.2% and the 5.5% growth recorded in the previous quarter, according to the National Statistics Agency. The slowdown has been linked to an ongoing corruption scandal involving government infrastructure projects, which has affected investor and consumer confidence. Economic Pla

Thailand Records 7% Decline in Foreign Tourist Arrivals Thailand: Thailand recorded 26.89 million foreign tourist arrivals between 1 January and 2 November, marking a 7.22% decrease compared to the same period last year, according to data released by the Tourism Ministry. Malaysia remained the top source of visitors with 3.88 million arrivals, followed by China with 3.8 million. The Finance Ministry recently revised its forecast for total foreign tourist arrivals in 2025 to 3

Hocheng Philippines Installs 660 kW Solar Power Facility at Cavite Sanitaryware Plant Philippines: Hocheng Philippines Corporation (HCG), the local arm of Taiwan-based sanitaryware manufacturer Hocheng, has inaugurated a 660-kilowatt (0.66 MW) solar power facility at its manufacturing plant in Dasmariñas, Cavite. The project was developed in partnership with First Gen Corporation, which began construction late last year after the two companies signed an agreement in October 2

Roca Group to Establish Sanitaryware Manufacturing Hub in Kazakhstan Spain/Kazakhstan: Roca Group has announced plans to invest EUR 70 million (USD 76 million) in constructing a large industrial complex in Kyzylorda, southern Kazakhstan, aimed at serving as its regional production hub for Central Asia. The site will include multiple facilities dedicated to producing bathroom products, including sanitaryware, faucets, and installation systems. The plant will have the capacity

Thailand Strengthens Position as a Leading Global Air Conditioner Manufacturer Thailand: Thailand has reinforced its position as a major hub in the global air conditioner manufacturing sector, producing an estimated 19 million units in 2024 and ranking third worldwide after China and Mexico. Export revenues rose by 9 percent to reach USD 7.044 billion, with the United States accounting for 35 percent of total shipments, followed by Europe, ASEAN countries, Australia, and Japa

Summercool Expands Product Portfolio in India with Entry into Air Conditioners and Refrigerators India: India-based Summercool Home Appliances has entered the air conditioner and refrigerator categories during the winter season as part of a strategy to establish early market visibility and strengthen retail partnerships ahead of the summer demand period. The company aims to use this off-season launch to gather consumer insights, streamline production, and prepare for peak sal

Asian Granito India Opens New Showroom in Bangalore India: Asian Granito India Limited (AGL) has inaugurated its new showroom, AGL Universe, in Bangalore, marking a further step in its retail expansion. The 4,500-square-foot facility, developed in collaboration with Saffron Granito, is located at 445/1, Manjunatha Nilaya, Kelkere Village, Horamavu Post, Bangalore. The showroom is owned and managed by Hasmukh Patel and Nitin Patel of Saffron Granito and was inaugurated on 2 No

Invest USD 11.2 Million India: The Noida Authority announced that South Korean firm LG Corp will establish a Global Research and Development (R&D) Centre in Noida with an investment of Rs 1,000 crore (USD 11.2 million), creating around 500 jobs. The authority has allotted 27,129 square metres of land in the Phase-II Industrial Sector for the project, which has already been approved by the authority board. Officials stated that the initiative will not only generate employment

Reports Weak Q2 Results India: Amber Enterprises Ltd. reported weaker-than-expected earnings for the September quarter, missing estimates across all key metrics. The company posted a net loss of Rs. 32.9 crore (USD 0.37 million) compared to a net profit of Rs. 19.2 crore (USD 0.22 million) a year earlier, while revenue from operations declined 2.2% to Rs. 1,647 crore (USD 18.5 million) from Rs. 1,684 crore (USD 18.9 million). EBITDA fell 20% to Rs. 91.2 crore (USD 1.02 millio

Three-Year MOU to Strengthen Global HVACR Standards Europe and East Asia: Eurovent Certification and the Korea HVAC Testing Institute (K-HVAC) have signed a three-year Memorandum of Understanding (MOU) to enhance collaboration in HVACR product certification and standard harmonisation, aiming to strengthen cooperation between Europe and East Asia. The partnership will focus on knowledge sharing, joint promotion of standards and certification programmes, and aligning European,

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

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

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

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