The Eberspaecher Group has opened a new plant in Przylesie, Poland, producing thermal management systems for electric city buses and coaches, with capacity of up to 20,000 systems a year. Production of the AC138 EVO heat pump starts in January 2025.

A filing shows a Hitachi scroll compressor new business platform manufacturing project in Conghua District, Guangzhou, with total investment of 345.85 million yuan and about 68,500 m² of floor space, with construction from June 2025 to December 2026.

RheinEnergie selected MAN Energy Solutions to supply a 150-MW riverine heat-pump system at its Cologne-Niehl power plant, a roughly EUR 280 million project to deliver climate-neutral district heating.

Mitsubishi Electric is investing $143 million to retrofit its Maysville, Kentucky factory to make variable-speed heat pump compressors, with production expected from October 2027 and an estimated capacity of 1,000,000 compressors per year. The US Department of Energy awarded $50 million to MELCO HVAC US for the project.

RheinEnergie commissioned MAN Energy Solutions to deliver a turnkey 150 MW river-water heat pump plant at its Cologne-Niehl power plant site. RheinEnergie is investing about €280 million, with operation expected from 2027.

Mitsubishi Electric established MELCO HVAC US, Inc. under its US holding company to convert a Mitsubishi Electric Automotive America plant in Maysville, Kentucky into a compressor factory. The investment is about $143.5 million, with production planned to start in October 2027 at a capacity of 1 million units per year.

Mitsubishi Electric will invest US$143.5 million to retrofit its Maysville, Kentucky factory to make variable-speed heat pump compressors, with production targeted for October 2027 and initial annual capacity of 1,000,000 compressors. The U.S. Department of Energy is providing a $50 million award.

Güntner opened its fifth Mexican production plant in Monterrey, Nuevo León, to make high-efficiency condensers and liquid coolers and supply the American continent. The first stage is expected to create about 350 jobs and raise production capacity by 30%.

Johnson Controls-Hitachi Wanbao Compressor (Guangzhou) signed an investment agreement with Conghua District to build a scroll compressor manufacturing plant with annual capacity of 1.2 million units. The project cost about CNY 480 million, with construction to start in Q2 2025 and production in Q4 2026.

Hasen Technology (Nantong), a subsidiary of Indicor Group, opened its manufacturing facility in the Nantong National High-Tech Industrial Development Zone on 5 December 2024, with a goal of making 200,000 valves annually.

Japanese manufacturer Parker Corporation has started operations at its second plant in Aguascalientes, Mexico, investing over 200 million pesos and creating 200 direct jobs.

Copeland and Daikin announced a joint venture to bring Daikin's inverter swing rotary compressor technology to the U.S. residential HVAC market, expected to be operational in the first half of 2025 pending approvals. The companies intend to establish a North American manufacturing facility in the future.

Xinchang Youjia Machinery is carrying out a technical upgrade in Xinchang County, Shaoxing, Zhejiang, to produce 30 million valve seats a year for solenoid and expansion valves. The project has a stated investment of 28.5 million yuan and is under main construction, with completion planned for Q4 2026.

Trane Technologies has put a new Thermo King plant into operation in Suzhou, Jiangsu, with an investment of 300 million yuan ($41.48 million), to produce transport refrigeration products for China and Asia-Pacific markets.

Carrier began construction on a rotor compressor project in Baoshan district, Shanghai, on November 15, 2024, with a total investment of 200 million yuan to add a production line at its existing base.

HVAC maker AAON will occupy the former American Snuff facility in Memphis, Tennessee, to produce data center thermal management equipment, investing $238 million and creating 828 jobs over five years.

A.P. Moller Holding has closed its offer to acquire Concentric AB, a global pump, fan and thermal management manufacturer for commercial vehicles.

Armstrong International has secured a European Commission Innovation Fund grant to accelerate expansion of its Herstal, Belgium manufacturing facility for high-temperature heat pumps. The grant amount was not disclosed.

Aspen Pumps Group acquired Malco Tools, Inc., a Minnesota manufacturer of tools for the HVAC and building construction industries. Malco becomes the North American headquarters of Aspen, and its CEO takes over as CEO of Aspen Pumps Group North America.

Ningbo Aux Electric is building a 5 billion yuan air conditioner compressor plant in the Wuhu Economic-Technological Development Zone, targeting 30 million units per year. Trial production is expected by end of 2024 and full production in the first half of 2025.

Danfoss Turbocor completed Project Horizon, its largest expansion in Tallahassee, Florida, including a new 145,000 sq ft manufacturing facility built by Sperry Construction. The $60 million project will let Danfoss make over 14,000 compressors per year, doubling current capacity.

Johnson Controls is expanding its Holme heat pump and chiller facility near Aarhus, Denmark, adding 2,300 square meters of production capacity and a customer and test center. The investment is expected to create over 100 jobs and be completed by early 2026.

Verder Liquids BV, part of Verder Group, has acquired Sauermann's pump technologies and monitoring instruments, including HVAC-R condensate removal pumps and air quality instruments.

Verder announced the acquisition of Sauermann, a HVACR market provider of condensate pumps and air quality measurement instruments. Sauermann's CEO Serge Bohyn commented on the deal; no value was stated.

Copeland announced a ₹500 crore (US$60 million) investment in India to expand its Atit, Maharashtra manufacturing facility and build a new 15,000 square meter global R&D center in Pune. The Pune plant will grow by 7,350 square meters over five years, adding scroll compressor capacity.

Copeland announced a ₹500 crore (US$60 million) investment in India to expand its Atit, Maharashtra manufacturing facility, add a scroll compressor line, and build a 15,000 sq m R&D centre in Pune.

Verder announced the acquisition of Sauermann, a supplier of HVAC-R technologies including condensate removal pumps, to expand its pump and equipment portfolio.

Norbec opened its new CAD 45 million manufacturing plant in Strathroy, Ontario, its first in Ontario, creating 70 jobs to serve Ontario and U.S. Midwest markets.

A. O. Smith is opening the third plant at its Ciudad Juárez site, Mexico, producing 39,000 tankless water heaters in the first year, with 300 new jobs planned and production starting in January 2025.

Johnson Controls is expanding production at its Izmir, Türkiye plant with a three-million-dollar investment that triples capacity for commercial heat pumps serving European customers.

Sanhua Vietnam, a subsidiary of Sanhua Holding Group, inaugurated the second phase of its air conditioning valve factory at An Duong Industrial Park in Hai Phong on September 4, 2024. The second phase received US$60 million of investment in 2023.

Bitzer Scroll will use a federal grant of more than $5 million from the U.S. Department of Energy to increase production of scroll compressors for electric heat pumps at its DeWitt, New York factory. The firm has committed nearly $6 million in matching investment and plans to create 20 jobs.

Valfex will invest more than 5 billion rubles in two new plants and two warehouses near the village of Sukhodol in Vladimir region, set to open next year, according to governor Alexander Avdeev.

Johnson Controls unveiled its global manufacturing center for York M multistage centrifugal compressors at its Wuxi factory in China, announced August 15, 2024.

Emerson announced on August 13, 2024 that it completed the sale of its remaining 40% interest in the Copeland joint venture to private equity funds managed by Blackstone, in a transaction valued at approximately $3.5 billion.

Heat-Timer Corporation, a supplier of commercial heating controls and energy management systems, has been sold to Leonard Valve Company, a portfolio company of Bessemer Investors. EC M&A acted as exclusive financial advisor to Heat-Timer.

Mitsubishi Electric US plans to invest $143.5 million to repurpose its existing Maysville, Kentucky facility to produce heat pump compressors, the first U.S. factory for twin-rotary variable capacity compressors. The project is expected to create 122 new jobs.

Danfoss inaugurated new production facilities adding 40,000 square meters at its Monterrey Campus in Nuevo León, Mexico, for scroll and reciprocating compressors, pressure sensors and heat exchangers. The expansion targets an estimated 100,000 compressor units and 1.6 million pressure sensors per year.

Premekon has agreed to manufacture and install pipe bridges, pump room steel structures and maintenance bridges for Helen's new heat pump plant in Eiranranta, Helsinki. The plant will provide 300 GWh of annual district heating capacity.

Robert Bosch GmbH has agreed to buy Johnson Controls International's global HVAC business for residential and light commercial buildings in an all-cash deal valued at US$8.1 billion. The deal includes the air-conditioning joint venture between Johnson Controls and Hitachi.

Jiaxing Gaxi Bera Compressor plans to build two refrigerator compressor production lines at its existing Wangdian site in Jiaxing, adding 6 million units a year, under a CNY 105.65 million investment. The local environmental authority published its draft environmental approval notice on 18 July 2024.

Aalborg Forsyning placed a follow-up order with MAN Energy Solutions for an additional seawater heat pump unit, bringing the Aalborg district heating plant to four units and 177 MW of heating capacity. The plant is scheduled to cut up to 210,000 tons of CO2 annually.

De Jong Slovakia plans a new plant in Prešov making stainless steel water storage tanks for heat pumps, with an investment of €63.09 million, 150 jobs by end-2028 and initial capacity of 350,000 units a year. The Slovak government approved €11.42 million in corporate income tax relief, with production planned from January 2026.

Taco Europe built a new facility in Boršov, Czech Republic, producing high-performance circulators and heat interface units for heating, cooling and solar systems, plus a European distribution center. The plant expands capacity to meet growing demand.

MAN Energy Solutions will supply a large-scale heat pump system with two 12.5 MW compressors to Scout Motors for its electric vehicle plant in Blythewood, South Carolina. The plant, part of a multi-billion Volkswagen investment, is designed for over 200,000 vehicles a year.

Swedish heat pump maker Aira opened its first factory in Wrocław, Poland, with a maximum annual capacity of 500,000 units. The €300 million plant, acquired from Volvo in 2023, is expected to create up to 2,000 jobs over the next decade.

Kirloskar Pneumatic Company signed a memorandum of understanding on 21 June 2024 to acquire a 54.55% equity stake in refrigeration firm Systems and Components India for around Rs 15 crore in cash.

Taco Inc. opened a new manufacturing plant in Boršov, Czech Republic, producing circulators and heat interface units, with a European distribution center. The plant expands Taco's Central European capacity alongside sites in Velešín and Garbe Park.

HVAC equipment distributor JMP will consolidate its Greensboro operations into a new facility in Guilford County, North Carolina, investing $30 million and creating 40 jobs over five years.

Annexair announced a C$30 million investment to add 14,000 m2 to its plant in Saint-Germain-de-Grantham, Quebec, and buy new equipment. Works start soon with completion planned for June 2025, bringing the site to 46,500 m2.