Changhong Huayi's Jingzhou subsidiary began construction on a project adding 10 million small high-efficiency variable-frequency compressors per year, with total investment of 600 million yuan. Phase one is 4 million units with 400 million yuan invested, and the groundbreaking took place on October 28, 2022.

Tecumseh do Brasil, marking 50 years in Brazil, plans to invest more than R$75 million over the next three years in São Carlos to increase compressor production capacity and develop next-generation high-efficiency compressors for 2025 INMETRO standards.

Valeo announced contracts with Stellantis and other European and Chinese automakers for thermal systems for electric vehicles, including heat pumps, air conditioning and battery cooling. Valeo has secured more than EUR 4 billion in such orders since the start of 2022.

Toyota Industries Electric Air Conditioning Compressor (Kunshan) raised capital by RMB 560 million to build a second phase producing electric air-conditioning compressors for new energy vehicles. The expansion is expected to add 1.2 million units of capacity.

A signing ceremony was held for a German Baohua compressor project in the Taicang Port Economic and Technological Development Zone, with a total investment of US$10 million. The plant is expected to produce 10,000 compressors a year once at full capacity.

Midea Group began construction of a heat pump production and R&D base at Clivet's site in Feltre, Veneto, with a €60 million investment. The base is expected to start operating in the second quarter of 2024.

Valeo has won orders for thermal systems for electric vehicles worth more than €4 billion since the start of 2022, with a major new contract from Stellantis for heat pump systems.

Airxcel broke ground on a 125,000-square-foot expansion of its Maxxair and Coleman-Mach facility in Wichita, Kansas, to centralize RV air conditioner production and warehousing. Phase 2 office expansion is set to begin in 2023.

BDR Thermea Group is scaling up capacity by 50% at its existing heat pump production sites in Mertzwiller, France, and Vilafranca del Penedès, Spain, and aims for 800,000 annual heat pumps by 2026.

BDR Thermea Group will open new heat pump production lines at its Apeldoorn (Netherlands) and Bassano del Grappa (Italy) sites, starting production from July 2023 alongside gas boilers.

Danfoss announced its intent to acquire compressor manufacturer BOCK GmbH of Frickenhausen, Germany, from private equity firm NORD Holding, expanding its natural refrigerant compressor portfolio; closing expected by Q1 2023.

GEA Heating & Refrigeration Technologies introduced the Grasso L XHP high pressure screw compressor and Grasso V XHP high pressure piston compressor at Chillventa 2022 in Nuremberg.

Germany's Lauda Ultracool opened a new production plant of nearly 5,000 m2 in Terrassa, Catalonia, with a €7 million investment and 30 new jobs, including an R&D centre. The plant is expected to triple the company's turnover by 2026; the project was supported by ACCIÓ.

Standard Motor Products acquired 100% of Kade Trading GmbH, a Glinde, Germany-based supplier of mobile temperature control components with about $6 million in 2021 revenue, funded from its revolving credit facility. The announcement was made on October 5, 2022.

Munters relocated operations from Buena Vista, Virginia to a new 34,000 m2 factory in Daleville, Virginia with twice the manufacturing capacity and more than 150 new jobs, its largest plant in the Americas.

Bingshan Refrigeration announced plans to acquire 60% of Panasonic Compressor from Sanyo Electric and 55% of Panasonic Refrigeration for a combined cash price of RMB 1.011 billion, giving it full ownership of both.

Taiwanese firm Richy, with Egypt's Al Arabi Group, plans an air conditioner compressor plant in the Kom Abu Radi industrial zone in Beni Suef, Egypt, with total investment of $33 million and a capacity of 6 million compressors per year. Production is planned to start in 2024.

CAREL Industries, via a subsidiary, signed a binding agreement to acquire the business of SENVA Inc., a Beaverton, Oregon maker of sensors for HVAC and indoor air quality. Closing is expected by end of October 2022.

Bosch Rexroth will build a new 42,000 sq m plant in Queretaro, Mexico, investing about 160 million euros to make mobile hydraulics and factory automation components for North America. Opening is planned for mid-2023, with over 900 jobs after full commissioning in 2027.

T/CCI Manufacturing will convert a 200,000-square-foot former Borg-Warner factory in Decatur, Illinois into a center making cooling devices for electric vehicles, with more than $20 million of investment and 50 added jobs. The company will also set up a climate innovation center with Richland Community College.

Rheem will invest over $40 million to expand its Mexicali plant with a new 98,000-square-foot industrial building and machinery for heat pump water heaters. The project is planned to create 500 direct jobs over the next five years.

Panasonic will invest about EUR 145 million through 2026 at its Plzen, Czech Republic plant to expand air-to-water heat pump production. It aims to raise annual capacity to 500,000 units by the fiscal year ending March 2026.

Danfoss inaugurated a new production line at its Apodaca, Nuevo Leon plant to make ICF refrigeration valve stations, with capacity above 100,000 units per year. The line is expected to employ 150 people and double the plant's capacity.

Rheem is constructing a new plant in Mexicali, Baja California, with a $40 million investment that will create 1,000 jobs. The announcement was attended by Governor Marina del Pilar Avila in August 2022.

Lu-Ve completed the acquisition of Italia Wanbao-ACC Srl through its subsidiary SEST SpA, with a total planned investment of EUR 8.95 million. The plant will be expanded to make static heat exchangers, and 150 former ACC workers will be hired by June 2024.

Chemours is increasing its Opteon YF ultra-low GWP refrigerant production by 40% at its Ingleside, Texas facility through an $80 million project. The expansion is aimed at meeting growing customer demand.

Guangzhou Industrial Control's Wanbao Compressor began operating its new Conghua plant on 15 July 2022, with a total investment of about 1 billion yuan, planned capacity of 21 million units per year and about 1,700 local jobs.

Modine confirmed a significant order from data center operator Corscale for chillers to be installed at Corscale's Gainesville Crossing Data Campus, with further business expected in coming months.

Modine Manufacturing has begun full-scale production of data center chillers at its new facility in Rockbridge, Virginia, operating under the Airedale by Modine brand.

Viessmann plans a new production site of about 5,000 square metres in Legnica, Poland, for R290 propane-based heat pumps, with a €200 million investment and completion due in 2023.

Daikin Industries will invest 300 million euros to build a new heat pump unit factory at the Ksawerów Industrial Park in Lodz Province, Poland. Operations are set to start in July 2024.

Daikin Comfort Technologies North America will build a 761,000-square-foot manufacturing facility in Mexico, fully operational in 2024, with an estimated $230 million investment to localize mini-split and residential inverter production.

Highly Marelli's Wuhu plant in Anhui province, China, has begun operation after its first mass-produced heat exchanger rolled off the line on 20 June 2022. The plant will produce HVAC units and heat exchangers for new energy vehicles, with annual capacity of 800,000 HVAC units and 7 million heat exchangers.

Mitsubishi Electric will invest 1.44 billion Turkish lira (about $113 million) in a new plant at its MACT air-conditioner subsidiary in Turkey. Annual capacity will rise to 300,000 air-to-water heat pumps and 1,100,000 room air conditioners, with production starting February 2024.

China United Engineering won the phase one design contract for Huayi Compressor's upgrade and expansion project in Jingzhou, Hubei. The project aims to add 4 million compressors of annual capacity, building toward 10 million.

M&M Carnot has begun building industrial transcritical CO2 refrigeration systems in a new leased 25,000 sq ft factory in Federalsburg, Maryland, with a further 25,000 sq ft planned.

The Viessmann Group announced it will invest €1 billion over the next three years to expand its heat pump and green climate solutions portfolio, including manufacturing footprint and R&D labs.

Voltas Ltd executed a joint venture agreement on April 30, 2022 with Highly International (Hong Kong) to manufacture inverter compressors, motors and parts in India. Highly International will hold 60 percent, and the JV will have Rs 250 crore of equity capital. Completion is subject to approvals including Press Note 3 clearance.

Daikin Air-conditioning India, a subsidiary of Daikin Industries, held a foundation laying ceremony on 7 April 2022 to start construction of its third manufacturing unit in India at Sri City. The factory is part of Daikin's Fusion 2025 growth strategy.

Jiaxi Bella Compressor is building phase one of a production line in Jiaxing's Nanhu District, Zhejiang, for refrigerator and EV air-conditioning compressors and inverter controllers. The project has a reported investment of 300 million yuan and a construction period from Q4 2021 to Q4 2022.

Stiebel Eltron Group acquired PAW GmbH & Co. KG, a family-owned maker of heating, freshwater and flat-station distribution systems employing about 150 people in Hameln, Germany. Terms were undisclosed and Livingstone Partners advised on the sale.

Hanon Systems is launching a new plant in Hubei, China, to manufacture HVAC modules for electrified vehicles, with about 6,000 square meters of space. Production is expected to begin in early 2023 and create about 100 local jobs.

Samsung Electronics plans a 15.88 billion rupee (about $207.8 million) refrigerator parts plant in Sriperumbudur near Chennai, Tamil Nadu, under an MoU signed with the state government, with capacity of at least 8 million compressor units annually.

Samsung will set up a compressor plant at an outlay of Rs 1,588 crore on 22 acres near Chennai, with capacity of eight million units a year. The compressors will supply Samsung refrigerators and exports. Samsung India signed an MoU with the Tamil Nadu government.

Emerson completed a multimillion-dollar expansion of its engineering facility in Sidney, Ohio, adding 110,000 square feet of lab space for compressor and HVACR research and testing.

Daikin Air-conditioning India, a subsidiary of Daikin Industries, signed a land deal for a third factory with an investment of INR 1000 crore. The article mainly covers a new split AC range and the investment figure is reported in the headline.

Alliance Compressors is investing $45 million over two years to expand its compressor assembly facility in Natchitoches, Louisiana. The announcement was made in February 2022.

Carrier Global has signed a binding agreement to acquire Toshiba Corporation's ownership stake in Toshiba Carrier Corporation, a VRF and light commercial HVAC joint venture, a deal projected to more than double Carrier's VRF sales.

Lu-Ve has submitted a binding, conditional proposal to buy Italia Wanbao ACC (WACC), a compressor maker in administration, to convert it to heat exchanger production. The plan involves about EUR 6 million of site investment and partial absorption of the workforce over three years.

XNRGY, a custom air handling manufacturer, announced a new 1 million-square-foot manufacturing facility in the Greater Phoenix area that will serve as its U.S. headquarters. The estimated $300 million investment is expected to create more than 900 jobs over time.