Others
Reliance Home Comfort to Buy National Home Services
18 June 2014 Toronto -- Reliance Comfort Limited Partnership (Reliance Home Comfort) has entered into an agreement to purchase the shares of National Energy Corp. (which operates under the name National Home Services) for $505 million from Just Energy Group Inc., subject to the approval of the federal Competition Bureau. Reliance Home Comfort sells and rents HVAC equipment, primarily in Ontario a...
Honeywell to Automate Oil Sands Project in Canada
Jun 11, 2014 Honeywell Process Solutions was selected by Suncor Energy to provide automation systems for a new multi-billion dollar Fort Hills Oil Sands project in Alberta, Canada. Honeywell will sup...
Canadian Housing Starts Almost Unchanged in May
Jun 11, 2014 Canadian housing starts were trending at 184,438 units in May 2014, from 183,872 in April, according to Canada Mortgage and Housing Corporation (CMHC). The trend is a six-month moving average of the monthly seasonally adjusted annual rates (SAAR) of housing starts. “In May, the trend in housing starts was virtually unchanged for the third consecutive month. This is in line with CMHC...
Canada Still Has 515 CFC Chillers In Operation
Jun 6, 2014 The Heating, Refrigeration and Air Conditioning Institute of Canada (HRAI) released its 2013 update on the Canadian CFC chiller stock study. The update estimates that 83 chillers that previously operated using CFC refrigerants were converted or replaced in Canada in 2013. This is fewer than the 148 conversions/replacements that occurred in 2012. The total number of converted or replac...
TCL AC Export to Pakistan Growing
TCL is showing steady growth in overseas markets. Its air conditioner business has developed to be a pillar for TCL. To Pakistan, TCL has exported 42,000 units of air conditioners during the pe...
1.10.3 Mexico
Driven in part by U.S. economic growth, Mexico is predicted to enjoy 3.3% GDP growth in 2013 and 3.6% in 2014, much higher than the growth seen in Brazil. Production costs are much lower in Mex...
1.10.2 Argentina
Argentina is experiencing an economic downturn and has imposed strict restrictions on imports with strengthened foreign currency controls. Personal income is declining along with weakened purchasing power. Argentine air conditioner market size is estimated at more than 1.2 million units in 2013, representing a 2.1% year-on-year increase, which is lower than the growth shown in Brazil or Mex...
1.10 Latin America
Brazil, Argentina, and Mexico are the top three air conditioner markets in Latin America with the combined market volume of 6.2 million units in 2013. In the Latin American air conditioner mark...
1.7.2 Pakistan
Pakistan’s air conditioner demand in 2013 increased by 24% from the previous year to around 930,000 units. Pakistan has a population of 180 million, ranking it sixth worldwide, and has enjoyed ...
1.2.2 Canada
According to the Heating, Refrigeration and Air Conditioning Institute (HRAI) of Canada, commercial air conditioning shipments decreased 7% from 42,873 units in 2012 to 40,030 units in 2013. Commercia...
