Tecumseh do Brasil will invest R$80 million to start production of its VR3 refrigeration compressor in São Carlos, São Paulo, with R$64 million for capacity and R$16 million for R&D and line adaptation. First deliveries are planned for the second half of 2026.
Voltas plans to invest around Rs 200 crore during FY27 and is assessing in-house compressor manufacturing to strengthen backward integration, according to Chairman Noel Tata at the AGM.
Danfoss announced an additional €10 million investment in its Reyrieux, France production site, which makes heat pump components. The upgrade includes on-site renewable power, energy efficiency measures and refurbished workspaces, building on €61 million invested there from 2015 to 2025.
Danfoss plans to invest ₹1,500 crore in India by 2030 to increase local production, expand capacity and roll out new technology. The focus includes local compressor production for data-center cooling.
KITZ Corporation announced an investment in Tecofi, a French industrial valve manufacturer founded in 1985, alongside existing shareholders Bpifrance and Garibaldi Participations.
Modine announced a $100 million investment over 12-18 months to expand Airedale data center cooling manufacturing at four US sites, including a new facility in the Dallas, Texas area and an expansion in Grenada, Mississippi, with possible repurposing of Performance Technologies sites in Franklin, Wisconsin and Jefferson City, Missouri.
Nidec is investing more than 22 million euros over the next two years at its Fürstenfeld site in Austria, for a new inverter production line and production of its ATOM compressor family.
Huangshi Donper Compressor, a subsidiary of Donper Group, plans to invest about 2 billion yuan in Huangshi Economic and Technological Development Zone to build a high-end variable frequency intelligent manufacturing base. The first phase, worth 581 million yuan, starts construction in March 2025 and is due for completion in December 2025.
Atai Fuji Electric, a Taiwan-invested firm, will invest $24 million in manufacturing cooling pumps in Dong Nai province, Vietnam.
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.
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.
GEA is investing around €5.5 million to modernise industrial refrigeration valve production at its AWP site in Prenzlau, Germany, replacing older machining centres with new CNC machines. The investment will add 20 production jobs by 2026.
STIEBEL ELTRON plans to invest 600 million baht in a new factory near its Bang Pa-In plant in Ayutthaya, Thailand, to produce heat pumps for export, with operations starting in 2025.
The US Department of Energy will provide Mitsubishi Electric US $50 million to establish a heat pump compressor factory in Kentucky. The funding is part of a $169 million package for heat pump manufacturing projects.
Bosch plans to invest EUR 100 million at its Aveiro plant in Portugal to increase heat pump production, reported in November 2023.
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.
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.
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.
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 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.
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.
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.
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.
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.
Nidec Global Appliance will invest $83 million in its Mexican plants, including $33 million for a compressor line in Apodaca, Nuevo León, and further investments in rolling mill, HVAC motor and appliance motor operations. The investments aim to add production lines and raise capacity for the North American market.
Nidec Global Appliance, holder of the Embraco brand, announced a $70 million investment to set up new refrigeration compressor production lines at plants in Fürstenfeld (Austria), Beijing (China), Joinville (Brazil) and Mexico, adding more than 10 million units per year.
Nidec Global Appliance will invest $70 million to add production lines at its Embraco compressor and condensing unit factories in Austria, China, Brazil and Mexico. Capacity is to rise from 45 million to over 55 million units per year.
Canada Economic Development for Quebec Regions will provide a C$3 million repayable contribution to ventilation maker Annexair to move its manufacturing into a new ultra-modern 300,000-square-foot factory in Saint-Germain-de-Grantham, Quebec. The funding targets digital equipment for an Industry 4.0 production concept and biocomposite casings.