Lennox began operations at its third plant in Ramos Arizpe, Coahuila, investing $36 million and creating 600 jobs. The plant will make residential air conditioning and heating products, about 3,000 units per day.

Danfoss has opened a 7,000 square meter green refrigerants compressor laboratory in Tianjin for research and testing of commercial compressors, with a total investment of 140 million yuan. The opening was reported in the week before May 17, 2023.

Johnson Controls agreed to supply four 15 MW heat pumps for Hamburg Wasser's Dradenau wastewater treatment plant, feeding district heating for Hamburger Energiewerke from about 2025. The project is expected to save around 66,000 tonnes of CO2 a year.

Danfoss has launched its Oil-Free Check valve for Turbocor oil-free compressors, combining shutoff and check functions with low pressure drop for chillers and heat pumps.

Mitsubishi Electric India signed an MoU with the Tamil Nadu government for a Rs 1,891 crore air-conditioner and compressor factory in Peruvoyal Village, Thiruvallur District, on a 52-acre site. The plant is targeted to start production in October 2025 and create more than 2,000 jobs.

technotrans has won a serial order from ADS-TEC Energy for a bespoke cooling solution for its battery-buffered ChargePost ultra-fast charging station, with a total value in the single-digit million euro range. Production starts in the second quarter of 2023 at technotrans' new Steinhagen site.

Stiebel Eltron plans to invest 450 million euros in its Holzminden main plant to quadruple heat pump production capacity and roughly triple industrial jobs to about 1,200 by 2027.

Chinese company Jiaxipera inaugurated a US$60 million plant in Ramos Arizpe, Coahuila, to manufacture high-efficiency refrigeration compressors. The plant will create 600 jobs and produce 6 million compressors per year.

Haier and Highly broke ground on a joint venture air-conditioner compressor production base in Zhengzhou Economic-Technological Development Zone. The project has a total investment of 2 billion yuan and plans 15 million compressors per year, with phase one due in first half of 2024.

Daikin has started building a new heat pump factory in Poland with a total investment of 300 million euros. Production is due to start in July 2024 and the plant is expected to create 1,000 jobs by 2025.

US fridge and air-conditioning group Carrier Global agreed to buy the core business of German heat pump maker Viessmann for about 12 billion euros ($13 billion), according to Reuters Breakingviews.

LG Electronics India has begun manufacturing dual inverter air-conditioner compressors at its Greater Noida facility. The company invested about 100 crore rupees to build capacity of one million units a year.

Vaillant Group will invest up to €2 billion between 2016 and 2030 to expand its heat pump business, mainly in production and development capacity and HVAC partner services. The announcement was made on 14 March 2023 at the ISH trade fair in Frankfurt.

Vaillant Group is commissioning a 100,000 square metre factory in Senica, Slovakia, to manufacture electric heat pumps from May 2023, designed for 300,000 units per year. Almost one billion euros has been invested in heat pumps since 2016.

Canadian HVAC-R distributor The Master Group announced the acquisition of Refrigeration Sales Corporation (RSC), an Ohio-based distributor serving Ohio and Western Pennsylvania. RSC will keep operating independently under its current management team.

Danfoss has finalized its acquisition of BOCK GmbH, a maker of CO2 and low-GWP compressors, on 1 March 2023. BOCK's team of 400 staff joins Danfoss; the deal was first announced in late 2022.

Austrian heat pump maker iDM is investing about 35 million euros in a new 10,500 square meter production hall in Matrei, targeting 40,000 heat pumps per year, with completion and commissioning planned for July 2023.

PDM US announced a $18.5 million investment to expand its Rock Hill, South Carolina production facility, which will become its world headquarters and create 25 new jobs, with completion expected by April 2023.

Vaillant is opening a new heat pump factory in a 129,000 sq ft unit at St Modwen Park Derby, expected to open in 2024 and creating more than 200 jobs. The site supports plans to more than double production of its aroTHERM plus air source heat pump.

Danfoss announced construction of a new compressor and sensor manufacturing facility in Apodaca, Mexico, to serve growing US demand for cooling technology. The plant is expected to be ready by the end of 2024 with capacity for 100,000 compressor units and 2.6 million sensors.

Danfoss has launched a new oil-free check valve for its Turbocor oil-free centrifugal compressors. The multi-function valve is designed to lower chiller installation and service costs and improve efficiency.

KEYTER INTARCON GENAQ laid the foundation stone on 3 February 2023 for a new refrigeration and air conditioning plant in Lucena, Córdoba, with an investment of over EUR 30 million and 600 direct jobs expected by 2025.

Rheinmetall has won a €770 million long-term supply contract for propane (R290) compressors, reportedly for a domestic heat pump manufacturer. The announcement was made in January 2023.

Nihon Netsugen Systems is building a new factory in Shiga, Japan, due to open in March 2023, which will raise its annual production of transcritical CO2 refrigeration units from 100 to 250.

Teknotherm Marine, part of Heinen & Hopman, will design and supply HVAC systems for two offshore platforms for the Hornsea Three wind project in the UK North Sea. Aibel awarded the contract, and Ørsted will operate the platforms.

Hintastica, a 50-50 joint venture of Hindware Home Innovation and Groupe Atlantic, inaugurated a geyser plant in Jadcherla with a Rs 210 crore investment and 500 planned jobs. A further Rs 100-150 crore expansion is planned to lift capacity by at least 50%.

Earlier in 2023 Rheinmetall won a long-term supply contract worth EUR 770 million (US$841 million) for R290-based compressors, reportedly for an unnamed manufacturer.

Johnson Controls announced on January 13, 2023 its acquisition of Hybrid Energy AS, a Lysaker, Norway maker of high-temperature industrial heat pumps. Financial terms were not disclosed.

Voltas proposed a Rs 500 crore compressor plant in partnership with China's Highly International, which has not yet received government clearance. The article is dated 1 January 2023.

Voltas will invest over Rs 1,000 crore (about USD 121 million) to expand its manufacturing capacity, including a new plant near Chennai, India. The article is dated 1 January 2023.

AE Industrial Partners signed a definitive agreement to sell portfolio company Resolute Industrial, a North American provider of specialty HVAC&R rental services and compressor remanufacturing, to Aggreko for a transaction value of $440 million on a cash-free, debt-free basis.

Rheinmetall's Sensors and Actuators division won a long-term supply contract worth over €770 million (including VAT) from an unnamed industrial customer for stationary refrigerant compressors using R290 propane. It is the largest single order by a non-military Rheinmetall unit outside automotive.

Mahle says it has secured numerous series orders for its electric A/C compressor in passenger car and commercial vehicle sectors with an order volume of approximately €1.4 billion. The announcement was made on 20 December 2022.

Flowserve and Chart Industries signed an agreement under which Flowserve acquires in-process R&D for Chart's liquid hydrogen fueling pump and will be its sole manufacturer and supplier once commercial production begins.

Kensa Group officially opened the UK's largest factory dedicated to ground source heat pumps at Mount Wellington Mine in Truro, Cornwall, after investment from Legal & General Capital. The factory has capacity for 30,000 heat pumps a year.

Michigan Automotive Compressor Inc. plans to spend $82 million to retain 241 jobs by installing production lines for electric vehicle parts at its Parma-area factory west of Jackson, Michigan. Production of the new parts is expected to begin in December 2024.

Ziehl-Abegg is investing 100 million euros in a new 46,500 m2 US production plant in Winston-Salem, North Carolina, expected ready for occupancy in 2024, with the existing Greensboro site relocated there in 2025.

Michigan Automotive Compressor (MACI), a Toyota Industries and DENSO joint venture, plans a $82 million investment to install new production processes at its Parma facility to produce electric vehicle technology products, retaining 241 jobs.

Emerson has begun construction of a new 50,000 square meter plant in Arteaga, Coahuila, to assemble scroll compressors for residential and commercial air-conditioning. About 500 workers are expected to be employed.

Emerson is expanding its Ramos Arizpe facility, which makes motors for air-conditioning compressors. The state government says the group's Mexico operations will generate more than 1,200 new jobs at full operation.

Emerson announced on November 8, 2022 a new 50,000 square meter plant in Arteaga, Coahuila to assemble scroll compressors for residential and commercial air conditioning, expected to create 1,200 jobs at full capacity.

Emerson announced on November 8, 2022 an expansion of its Ramos Arizpe, Coahuila facility, which already manufactures more than 10 million air conditioning compressors.

DiversiTech Corp., a US HVACR component maker, formed DiversiTech Europe by merging with Italian Artiplastic and Rodigas, Belgian Castel Engineering, and its existing UK business. The combined company will make HVACR parts and accessories in Europe.

Voltas plans a Rs 500 crore compressor plant near Chennai as a joint venture with Highly International, pending government clearance; the JV will also sell to other brands and export.

Voltas will invest over Rs 1,000 crore to expand manufacturing capacity, including a new plant near Chennai on 150 acres, plus Rs 200 crore each for Baroda and Sanand and Rs 100 crore for Pantnagar.

Voltas plans a Rs 500 crore compressor plant near Chennai as a joint venture with China's Highly International, which is awaiting government clearance under Press Note 3 and PLI approvals.

Voltas plans over Rs 1,000 crore of investment in manufacturing capacity, including a new plant near Chennai, Tamil Nadu, plus additional spending in Baroda, Pantnagar and Sanand.

Rheem announced a $20 million expansion of its Fort Smith plant, adding 100 jobs and production capacity, along with a training and innovation center.

Lancaster-based private equity firm Peak Capital acquired Penn Pump & Equipment, a Hatfield manufacturer and distributor of plumbing and HVAC pumping products, as reported on October 31, 2022.

Blackstone agreed to acquire a majority stake in Emerson's climate technologies unit, which makes Copeland compressors, in a deal valuing the business at about $14 billion, with Emerson receiving about $9.5 billion in pretax proceeds and keeping a 45% stake.