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AC COMPRESSOR PLANT
Modern air conditioning was invented in America, but not to keep people coolA printing issue in Brooklyn led to the invention of modern air conditioning. This innovation, initially for paper, became a lifesaver, dra...- Press Note 3 approval pending but some Indian companies get goingIndian firms are moving ahead with projects involving Chinese partners. These collaborations are proceeding even without final govt clearan...
- Chinese AC compressor import rules eased for a year to tackle shortageTo address a critical shortage, the Indian government has temporarily waived mandatory BIS certification for air-conditioner compressor imp...
- Govt exempts critical AC and refrigerator components from BIS certification to prevent shortage during summerTo prevent a potential shortage during a brutal summer, the Indian government has exempted certain AC and refrigerator components from mand...
- Chinese compressor freeze may turn up the heat on IndiaIndia's AC and refrigerator production is expected to face challenges this summer due to limited compressor supplies. Chinese manufacturers...
- To fund expansion, Chinese electronics and auto companies like Xiaomi, SAIC and Haier in India tap reserves, loansSome like Haier and Midea Group are using a mix of cash reserves and loans including external commercial borrowings (ECBs), while financial...
- Daikin India and Rechi Precision, Taiwan set up JV for compressor manufacturing, design and sales for HVAC industryDaikin India and Taiwan's Rechi partnered to make AC compressors in Sri City. The new factory will start production by late 2024. This redu...
- Japan's Daikin invests ₹1.400 crore in India unit to boost outputJapan's Daikin Industries has invested ₹1,400 crore in its Indian subsidiary to enhance local manufacturing. The funds will support the exp...
- Nike, Carrier have a problem as India rubBIShes China factories' quality certification applicationsThese firms have now written to the government to seek certification for manufacturing units in other Asian nations, a senior government of...
- Voltas revives plans to make AC compressors in IndiaTata-owned home appliance manufacturer, Voltas, plans to manufacture air-conditioner compressors in India with a partner from either Japan ...
- LG to invest Rs 300 crore to manufacture air-conditioner components in IndiaThis investment into component eco-system has ensured that over 65% of LG’s ACs made in India are from parts locally sourced as compared 40...
- Voltas to invest Rs 1,000 cr for capacity expansionThe proposed investments are to support the Tata-owned air-conditioner and home appliance maker's pace of growth, ensure its leadership sta...
- Three workers killed in AC compressor blast at RCF unit in Maha's Raigad"Three labourers died, while three others were injured in the incident. Further investigation was underway and we will register a case at t...
- Samsung to invest Rs 1500 crore to set up new plant in SriperumbudurThe new facility, spread over 22 acres, will have a capacity to produce 8 million compressor units a year, which will be expanded in the fu...
- PLI scheme: Voltas, Blue Star among AC biggies planning to invest ₹3,000 croreVoltas, Blue Star, Dixon, China’s GMCC, Amber Enterprises, Panasonic, Lloyd and Hindalco are set to apply for the government’s production-l...
- Prices of refrigerator and AC likely to go up due to customs duty increase on compressorAt present, the domestic production capacity of these components is only 40% of the total requirements for refrigerators and 20% for air-co...
- After Television, Samsung now starts importing Air-conditionersAfter hike in customs duty raises heat, co finds imports under FTA cheaper, may scale them up
- LG registers 27% growth in AC sales in first half of 2017LG, which has moved to more energy-efficient inverter ACs, has also began exporting to Sri Lanka and is exploring opportunities in neighbou...
- Shanghai Hitachi commissions AC compressor plant in GujaratThrough the plant, the company seeks to expand its presence in the global market for AC compressors, particularly in BRICS countries, it sa...
- Sanden to invest Rs 100 cr to set up manufacturing plantSanden Vikas India Pvt Ltd (SVL), a maker of air conditioning systems used in cars, will invest Rs 100 crore in setting up a manufacturing ...
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