Copeland

Copeland completed the first phase of its INR 500 crore expansion at its Atit plant near Pune, India, rolling out its first locally made 5 HP scroll compressors. The expansion makes Copeland the only domestic producer of these hermetic scroll compressors.

Copeland opened a new compressor plant in Arteaga, Coahuila, Mexico, with an investment of US$22 million and expected to generate 900 to 1,000 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.

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.

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.

Copeland announced it is nearing completion of a £19 million investment to expand its Cookstown compressor manufacturing facility, adding a 3,500 square meter building with new production lines. Final touches are expected by September 2024. The announcement is dated May 14, 2024.

Blackstone and Emerson closed the acquisition of a majority stake in Emerson's Climate Technologies business, now standalone as Copeland, in a transaction valuing the business at US$14 billion. Emerson received about $9.7 billion at close.

Copeland will receive $11,488,975 in federal funding to increase production of heat pump compressors and hydronic systems at four manufacturing locations in Ohio, Missouri and Wisconsin, plus suppliers in several states.

Blackstone funds completed the acquisition of a majority stake in Emerson's Climate Technologies business, valued at $14.0 billion, which will be renamed Copeland. Emerson receives about $9.7 billion in upfront proceeds and keeps 40% common equity.

Emerson completed a $100 million expansion and renovation of its Copeland engineering facility in Sidney, Ohio, adding 110,000 square feet of engineering lab space for compressor and HVACR technology development.

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