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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.
Sanhua named Al-Ameen Dev. & Trade Co., a refrigeration distributor with 10 branches in Saudi Arabia, as its official distributor for its refrigeration and air conditioning valves and components.
Carrier Global signed a strategic long-term agreement under which Sanhua joins the Carrier Alliance program and will supply valves, heat exchangers and drives for Carrier's HVAC and refrigeration portfolios.
China's Sanhua Holding Group acquired American Tubing International, a Springdale, Arkansas maker of copper tubing for air conditioning and refrigeration, in July 2018. Financial terms were not disclosed.
