ARCHIVE
2005
August 31 - IKK 2005 - Prospects of Success in Hanover
The good response to IKK 2003 Hanover with 770 exhibitors from 42 countries shows that the second IKK location in Hanover has become an established and permanent feature. The signs also indicate success in 2005 - the refrigeration, air conditioning and ventilation industry enters the competition for Europe's biggest market with good growth rates: last year, some 9.5 million euros were invested in new plant in Germany alone. Following the record year 2003, the leading German manufactures of split air conditioners expect another 15% increase for 2004 despite the cooler summer: A "pleasant climate" is taken for granted today, even in private homes.
Venue: Exhibition Centre Hannover, Germany o Date: November 2 - 4, 2005
Three times as attractive IKK 2005 with its close integration of themes from the three segments of refrigeration, air conditioning and ventilation offers many links for synergies and branch networking - for exhibitors and visitors alike. Cross-branch control & instrumentation (C&I) is another attractive feature of IKK.
C&I is one of the driving forces of innovation in the refrigeration, air conditioning and ventilation industry. C&I with its numerous technological potentials will decisively determine the future in various forms. As IKK covers three closely interlinked branches of industry, it is the ideal platform for C&I.
August 29 - Johnson Controls to Acquire York for $56.50 per Share.
On August 24, 2005 Johnson Controls, Inc. and York International Corporation announced that Johnson Controls will acquire York, a global supplier of heating, ventilating, air-conditioning and refrigeration (HVAC&R) equipment and services. York, with estimated sales of nearly $5 billion, will become part of the nearly $6 billion Controls Group of Johnson Controls.
The combination of the Controls Group and York is expected to increase Johnson Controls rate of growth in the $200 billion industry for global building environments. Johnson Controls fiscal 2005 consolidated sales from continuing operations, including its automotive seating/interiors and battery businesses, are forecast at nearly $28 billion. Under the definitive agreement unanimously approved by the Boards of Directors of both companies, Johnson Controls will acquire York in an all-cash transaction in which York shareholders will receive $56.50 for each outstanding share of York common stock. The total value of the acquisition is anticipated to be approximately $3.2 billion, including the assumption of approximately $800 million of York debt. Johnson Controls expects to finance the transaction with short and long-term borrowings.
The transaction is expected to be modestly accretive to Johnson Controls earnings per share in fiscal 2006. Over $275 million of annual synergies, primarily related to cost efficiencies and a lower effective tax rate, are anticipated to be achieved by 2008.
The combination of York, a leader in the manufacturing and service of heating and cooling equipment, with Johnson Controls, an industry leader in the technologies which control that equipment, is a natural and strategic growth opportunity. As a result of the combination, Johnson Controls will:
- Design and sell integrated controls and HVAC&R equipment;
- Become the largest global provider to the high-margin building services market; and
- Capitalize on significant opportunities to supply products and services to each other's customers.
August 27 - Whirlpool and Maytag Sign Merger Agreement
On Aug. 22 Whirlpool Corporation and Maytag Corporation signed a definitive merger agreement in which Whirlpool will acquire all outstanding shares of Maytag in a cash and stock merger valued at $21 per share. One half of the per share consideration will be paid in cash and the balance in a fraction of a share of Whirlpool common stock as described below.
The Board of Directors of Maytag has approved the merger agreement with Whirlpool and intends to recommend to Maytag's shareholders that they adopt the agreement.
Prior to signing the Whirlpool merger agreement, Maytag paid a $40 million termination fee to Triton Acquisition Holding and, thereafter, terminated the agreement with Triton. In accordance with Whirlpool's August 10, 2005, offer, as extended on August 12, 2005, Whirlpool has reimbursed the $40 million to Maytag on August 22. In addition, Maytag said that the special meeting of stockholders scheduled for Friday, September 9, 2005, has been cancelled as a result of the termination of the Triton merger agreement.
The aggregate transaction value, including assumption of approximately $977 million of debt, is approximately $2.7 billion. The transaction is subject to customary conditions, including, among other things, regulatory approvals and Maytag shareholder approval. The transaction will be taxable to Maytag shareholders.
Howard Clark, Maytag board member since 1986 and lead director, said, "After careful consideration in conjunction with our financial and legal advisors and an independent committee of Maytag's board consisting of all non- management directors, we re-evaluated the transaction with Triton and concluded that the Whirlpool agreement is superior and is in the best interest of our shareholders."
Jeff Fettig, Whirlpool chairman, president and CEO, said, "The combination of Whirlpool and Maytag will create very substantial benefits for consumers, trade customers and our shareholders. This transaction will enable us to achieve significant efficiencies and better asset utilization. It will also allow us to offer a wider range of products to a much broader consumer base."
Ralph Hake, Maytag chairman and CEO, said, "This combination brings together two leading organizations with strong traditions in quality and customer satisfaction.
Together, Whirlpool and Maytag will bring substantial benefits to consumers around the world, as well as to shareholders and customers."
August 25 - FC EXPO 2006
2nd Int'l Hydrogen & Fuel Cell Expo
"After the great success of FC EXPO 2005, we have received many inquiries for the next year's show from both exhibitors and visitors. We realize that this exhibition is now recognized as key element in the fuel cell industry," said Mr. Kenji Okabe, Show Director of FC EXPO 2006. The interests in fuel cell technology are steadily increasing and every company works on the practical utility of fuel cells from a broad range of field. While fuel cell industry is such booming in the world, WORLD'S LARGEST exhibition, the 2nd International Hydrogen & Fuel Cell Expo (FC EXPO 2006) will be held from Jan 25(Wed) to 27(Fri), 2006 at Tokyo Big Sight, Japan. This exhibition is specialized in exhibiting all kinds of manufacturing equipment, materials, components, inspection/measurement devices, fuel cell systems, nanotechnologies and other technologies related to fuel cells and hydrogen.
The exhibition now gathers great attention from the fuel cell industry, as all leading companies, universities, research institutes from all over the world participate and many new businesses will be created. In fact, one of the exhibitors, Fuji Electric Systems Co., Ltd. said after the previous show, "Serious discussions were held and we are following to over 10 inquiries which will bring us 8 billion JPY sales." Also, the organizer received many inquiries from the visitors. In 2005, visitors came from over 42 countries. "More and more online pre-registrations have been received from worldwide, especially Korea, China and Taiwan. Expecting 400 exhibitors and 23,000 visitors (237 exhibitors and 20,037 visitors at the previoius exhibition), this show establishes a strong presence in the fuel cell industry," commented Hankok Teh, Int'l Marketing Manager.
Receiving strong requests from the industry, Show Management newly launched 2 special zones in FC EXPO 2006, namely "Fuel Cell Systems / Products Zone" and "Hydrogen Storage / Supply Zone".
August 23 - IEA IZW Symposium - IKK 2005 Hanover
The Informationszentrum Warmepumpen und Kaltetechnik e. V. (IZW), Germanys scientific representative at the International Energy Agency (IEA HPP Programme), is organizing a symposium on innovations in refrigeration, air conditioning and heat pump technology for reducing CO2 emissions on November 1,2005, the day before IKK 2005 Hannover. The promoter of the symposium is VDKF Wirtschafts- und Informationsdienste GmbH.
Since the Kyoto Protocol came into force on February 16, 2005, science & research, the manufacturing industry, plant assemblers and plant operators concerned with refrigeration, air conditioning and heat pump technology are increasingly focusing on energy, energy efficiency and total CO2 pollution audits of systems and plants.
The symposium organized by IZW e. V. tackles these issues in the three theme blocks of Refrigeration Technology & Systems, Air Conditioning Technology & Systems and Heat Pump Technology & Systems. Against the background of international and national climate protection efforts, the symposium will present papers and offer discussions on the importance of saving energy in refrigeration and air conditioning and the use of heat pump technology to reduce CO2 emissions.
The symposium takes place at Deutsche Messe AG Hannover from 11 a.m. 6.30 p.m. on Novemver 1, 2005 the eve of the 26th IKK 2005 Hanover.
Agenda
Welcome Adress: VDKF e.V. Christian Scholz, President VDKF e.V
Opening Adresses: PTJ Forschungszentrum Julich
Dr. Claus Borner, Representative on behalf of the German Ministry of Economy and Labour at the International Energy Agency IEA
GTZ, German International Cooperation Enterprise for Sustainable Development Jurgen Usinger, Project Manager Proklima
Dena, German Energy Agency Felicitas Kraus, Project Director
Energy efficiency in buildings
Keynote : The Role of Energy Conservation in Refrigeration and Air Conditioning
and the Application of Heat Pump Technologies for the Reduction of
Greenhouse Gas Emissions.
August 21 - New Technology Preserves Old Architecture and Treasures
Combining the world's most advanced air conditioning technologies with ancient styled architecture, Carrier Corporation was selected to create a comfortable and protected environment for the Beijing Palace Museum in China. Carrier recently won the contract valued at US$350,000 to provide the air conditioning system for the Halls of Treasure and the Halls of Clocks at the museum.
Carrier will supply Modular Multi Systems (MMS) under its Toshiba Carrier brand for the two halls. More than 100 units, 25 outdoor units and 86 indoor units will provide the cooling.
"We take great pride in being chosen as the air conditioning system supplier for this important project," said Philippe Delpech, vice president, Carrier China. "Carrier has a strong track record in historic preservation and this case was no exception. Our products met the stringent requirements of the two halls in temperature control, operational stability and safety. "
For example, the Hall of Clocks preserves various ancient clocks that were collected during the Qing Dynasty more than 300 years ago. The building requires a high accuracy of temperature and humidity control in the exhibit area without damaging the displays or the structure of the historic building. "With a temperature error of only 0.5 degrees Celsius, the Toshiba Carrier units ensure a stable indoor environment for the treasures on display regardless of the climate outside," added Delpech.
Situated at the heart of Beijing and close to the Tian'anmen Square, the Palace Museum was established on the foundation of the Forbidden City. As many as 24 emperors from the Ming and Qing dynasties handled court affairs and lived at the palace. It boasts the largest and best-preserved ancient architecture complex in China, with a wealth of cultural relics and treasures.
August 19 - Ziehl-Abegg Offers The Next Generation Fans
Ziehl-Abegg AG, Germany, has launched new axial fans:
The axial fans belonging to the FL series, optimised for use with short nozzles, perform impressively day in, day out. Reduced noise levels (achieved in part by changing the blade passing frequency), improved impeller efficiency, and increased pressure stability of the performance curve, these are all key features of this series of fans.
FL fans are currently manufactured with diameters ranging from 315 mm to 650mm. The renowned external rotor motor -100% speed controllable- is utilised throughout the series, with five crescent shaped, pressed aluminium blades mounted on the external rotor. The three possible blade pitch angles, together with a choice of air flow direction, results in a highly versatile series of fans.
4, 6 and 8 pole motors, single phase or three phase, are available. Free air flow volumes from 2, 000 to 12,000 m3/hr are achievable with the FL series of fans.
The addition of the FL fan series to the already broad range of Ziehl-Abegg axial fans, further enhances the position of Ziehl-Abegg in the axial fan market segment.
Ziehl-Abegg AG is a specialist in ventilation, drives and control technology. With over 1,700 employees, it is one of the leading international companies in this market sector. As well as the main factory, and the two branch factories in Kuenzelsau, Germany, Ziehl-Abegg has a combined total of more than 30 branch offices, production facilities, representations and business partners in more than 30 countries world-wide.
August 17 - Carrier Plays Vital Role in Shaghai Economic Expansion
Traveling through Shanghai, whether by rail or by bus, just got a lot cooler, thanks to Carrier Corporation, a subsidiary of United Technologies, Inc. Carrier was recently awarded contracts totaling $900,000 to provide air conditioning equipment for the Shanghai South Railway Station and the Shanghai Long-distance Bus Station, two new landmarks in the economic development in China.
"China is one of Carrier's fastest growing markets," said Philippe Delpech, vice president, Carrier China. "With this vital transportation initiative, we are pleased to play a part in the significant economic growth being experienced in the region."
Asia's Largest Long-distance Bus Station
A total of 32 Carrier units, including two 19XR500 centrifugal chillers, a 30HXC250 screw chiller, two 30RH240H scroll chillers, twenty three 39G air handling units (AHU) and four BFP Package AHUs, were installed in the Shanghai Long-distance Bus Station.
"Carrier developed a unique air conditioning solution for the new station with a product package including centrifugal, screw and scroll chillers, all using environmentally sound HFC-134a and HFC-407C refrigerants," said Delpech. "This project more than demonstrates our intent on being a part of Shanghai's economic development efforts. With the products installed, it also illustrates Carrier's continued commitment to environmental stewardship."
Having opened earlier this year, the long-distance bus station is a major addition to the city. It connects various means of the city's traffic system, including railway stations, metro lines and elevated walkways.
August 15 - Sanyo Starts PV Module Production in Hungary
Sanyo Electric Co., Ltd., based on its new vision 'Think GAIA', will expand its solar energy business by increasing sales and production of HIT*1 modules in the strong solar market of Europe. Sanyo completed a new HIT photovoltaic module factory inside the grounds of Sanyo Hungary Kft. (Dorog City, Hungary) and commenced production recently. Sanyo will introduce the newly developed 270W module and a double sided module with highly increased power output to the European market, beginning with Germany from January 2006.
'Feed-in Tariff', which is a subsidy program run by country governments in which renewable energy is bought back at favorable prices, is widely being introduced in Europe. In addition to their higher output and efficiency, Sanyo's HIT photovoltaic cells' special characteristic to deal with high temperature conditions enables them to provide higher annual output as compared to conventional crystalline solar modules, making them highly favorable with the consumers.
Moreover, manufacturing in Hungary will lead to shortened lead times because of its relative proximity to Germany, a solar market the size of which has surpassed Japan's*2. The location of its factory will enable swift response to customer needs in the robust European market and allow Sanyo to double its sales volume in the region.
August 13 - Whirlpool Submits Improved Offer to Maytag
August 10, 2005 -- Whirlpool Corporation announced that it has submitted a revised binding offer to acquire Maytag Corporation for $21 per Maytag share. The revised Whirlpool offer will continue to consist of 50 percent cash and 50 percent Whirlpool stock and all other material terms of the Whirlpool offer, including the $120,000,000 "reverse breakup" fee, remain unchanged. The total value of the transaction, including assumed Maytag debt of approximately $977 million, would be approximately $2.7 billion.
Text of the letter containing Whirlpool's revised offer, which was delivered to the CEO and chairman of the Special Committee of Maytag, and the revised Merger Agreement, will be filed with the Securities and Exchange Commission.
August 11 - China Sets 5 Key Areas in Energy Resources Industry
The National Development and Reform Commission of China announced recently that China gives special support to five key areas in the development of high technology in reusable energy and new energy sourcing. The five areas are.
Wind-energy systems. The commercialization of the 1.5 MW variable speed constant frequency wind generation systems and the 1.2 MW direct drive magnet wind generation will be stepped up.
Solar photovoltaic power system.
The commercialization of silicon ingots, silicon chips, and component and system control parts for high-efficiency and low-cost solar batteries will be stepped up.
Solar heating and GSHP (Ground Source Heat Pump) cooling and heating system. Commercialization of the novel solar water heater and GSHP system will be steppedup, which includes the commercialization of the high reliability vacuum tubular collector, extensive middle and high temperature solar water heating system, all-weather solar water heating system, and the high-efficiency GSHP system and its accessories.
High temperature gas-cooled reactor.
Sample high temperature gascooled reactor power stations will be constructed and some key equipment used in them will be commercialized.
Research on the extraction and storage of hydrogen fuel will be done and the hydrogen fuel batteries will be commercialized.
Related technologies include using coal to produce hydrogen, high pressure hydrogen storage tanks, fuel cell cars, and fuel cell stationary electric power plants.
August 9 - Toshiba Carrier Modular Chillers Go Well on Market
Large air-cooled chillers "Flex Module Chillers" developed by Toshiba Carrier jointly with Tokyo Electric Power are gaining popularity.
The Flex Module Chiller is a high-efficiency air-cooled chiller having realized further energy and space savings, as well as more versatility in design and maintenance, thanks to the industry's largest cooling capacity (300 RT) and module linkage system.
By combining 8, 10 or 12 base modules (25 RT each), the Flex Module Chiller can provide 200, 250 or 300 RT of large capacity, thus corresponding to a water or ice thermal storage system for electric power load leveling.
A reciprocating compressor adopting the new refrigerant R407C installed in each module is subjected to capacity control for optimized operation.
With its enhanced part-load performance and its seasonal COP as high as 4.8 (at 50 Hz), the system has realized about 23% more energy savings compared to the company's predecessor system (consisting of 3 air-cooled chillers RUA-SB35501H-A).
As a machine for large commercial applications, the new system has operating costs comparable to or lower than that of a competitive gas-fired absorption chiller.
By adopting the compact base module linkage system, further space savings have also been realized.
Installation space required for the 300 RT system has been reduced by about 34% compared to that for 3 units of 100 RT air-cooled chiller. Since it is possible to freely choose a combination of air-cooled cooling-only modules and heat pump modules, flexible design becomes possible according to air conditioning load.
A marketing manager responsible for facility engineering of Toshiba Carrier Air Conditioning Systems, which undertakes sales, explained about considerations for replacement, "Our Flex Module Chiller is a product designed for replacement from the starting stage of development.
We are therefore endeavoring to recommend our system as a replacement for the existing absorption chiller, in particular.
Since it involves conversion of energy from gas to electricity, we are closely collaborating with the joint developer, Tokyo Electric Power, and other electric power companies across Japan in energy solution activities for diffusion and sales expansion".
"This system shown in the photo can be said to represent the very concept of the Flex Module Chiller development intended to replace a gas absorption system by an electric system." said Mr. Isao Iba, Manager, Large AC Systems of the company.
August 7 - Fedders Announces Grand Opening of Shanghai R & D Center
Fedders Corporation, a leading global manufacturer of air treatment products, including air conditioners, air cleaners, dehumidifiers and humidifiers, announced that the Grand Opening of its new Air Treatment Research and Development Center took place on July 16, 2005.
Located in the Qingpu District of Shanghai, the new research and development center, which is now Fedders' largest, joins nine other Fedders research, engineering and lab facilities around the world and more than doubles the company's global engineering capabilities. In addition to its proximity to Fedders five Yangtze River Delta manufacturing facilities, the Center is strategically located to enable collaboration with local universities and research institutes on special projects and will also enable closer collaboration with the best suppliers of components and raw materials in the industry.
Speaking at the Grand Opening Ceremony, Fedders' President, Michael Giordano commented, "Together with Fedders' nine other R&D facilities, our extensive, state-of-the-art, design and testing facilities at Qingpu will enable us to bring to market faster, new residential and commercial air conditioning and heating products, including room air conditioners, central ducted air conditioners and gas heating products, as well as residential, commercial and industrial air cleaners, dehumidifiers and humidification products. The new R&D center will enable us to accelerate the development of next generation products for all of the markets we serve, and represents our commitment to bringing Fedders' global customers world-class products and services with the latest innovations, the highest quality and the best value."
August 5 - Lennox Introduces World's 1st AC Rated at 20+ SEER
Lennox Industries Inc., USA, introduced the world's first residential air conditioner rated at over 20 SEER (Seasonal Energy Efficiency Rating). Rated at up to 20.5 SEER, the XC21 is the most quiet and efficient central air conditioner on the market today, according to manufacturers' published ratings. A recognized leader in the climate control industry for 110 years, Lennox Industries is a division of Lennox International Inc.
"Basing the XC21 design on detailed input from more than 13,000 homeowners and almost 1,000 contractors, Lennox has seamlessly combined state-of-the-art in home comfort and serviceability," said Bob McDonough, president and COO, LII Worldwide Heating and Cooling. "It's the most impressive example yet of our commitment to lead the industry in meaningful innovation.".
With an energy efficiency rating of up to an unprecedented 20.5 SEER, the XC21 is the latest addition to Lennox's Dave Lennox Signature(TM) Collection, a product line that includes the most exciting and innovative products the heating and air conditioning industry has to offer today. The XC21 also features a distinctive new cabinet design, including SmartHinge(TM) louvered panels that are more attractive to homeowners and more service-friendly for contractors. The new cabinet shape, look, and color add to the unit's attractively unique appearance..
Inside, the XC21 features a two-stage scroll compressor with two levels of operation: high for hotter summer days and low for milder days. This allows for more energy-efficient operation because the low setting is adequate to meet household cooling demands up to 80% of the time. Its high-efficiency outdoor coil provides exceptional heat transfer and low air resistance for more efficient operation.
As an Energy Star product, the XC21 meets the Environmental Protection Agency's (EPA) standards by using less energy, which reduces pollution. It uses chlorine-free R410A refrigerant, which meets the EPA's most stringent environmental guidelines. Engineered with exclusive SilentComfort(TM) technology, the XC21 includes the latest innovations to reduce noise, including a patent-pending fan design, compressor with new vibration insulators, a new sound-dampening fan grill, and a Hushtone(R) cabinet. It is approximately 13 times quieter than a standard air conditioner, claims the company.
August 3 - Honda to Release Household Cogeneration System in USA
American Honda Motor Co., Inc. (Torrance, California) and Climate Energy LLC of the US (Boston, Massachusetts) last April announced that the two firms have signed a memorandum of understanding regarding preparations for the launch of sales of compact household cogeneration systems in the US.
Starting in fall 2006, American Honda is to begin supplying its compact household cogeneration units to Climate Energy, which will combine the units with the heating units produced by its parent company, ECR International (Utica, New York) to form a heating system and offer it to customers in the northeastern US. In anticipation of the product launch, the cogeneration systems will be monitored by Climate Energy in tests to begin in the second half of 2005.
Honda's compact household cogeneration unit combines the GE160V, the world's smallest1 natural gas engine with an efficiently configured, compact, lightweight power generation system employing Honda's unique sine-wave inverter technology to create a compact unit suitable for residential use, boasting an overall energy efficiency of 85%. Use of the unit in combination with a heating system that utilizes recovered exhaust heat is expected to result in an approximately 30% reduction in CO2 emissions. Available in Japan through utilities such as Gas Companies since March 2003, sales of the highly acclaimed cogeneration unit have reached approximately 15,000 units.
In October 2004, the compact cogeneration unit was recognized as the world's first practical cogeneration unit for general household use and was awarded the 2004 Prize for Natural Gas Industry Innovation (Planning, Research and Development Section) by Germany's Association for the Efficient and Environmentally Friendly Use of Energy (ASUE), according to Honda Motor.
The planned market release in the US is the first step for Honda in the overseas rollout of its compact cogeneration units.
August 1 - Third China Ozone Layer Protection Award Kicks Off
The State Environmental Protection Administration of China (SEPA) and Carrier Corporation announced today at a joint press conference in Beijing that participation and selection activities for The Third China Ozone Layer Protection Award has begun. Organizations and individuals interested in participating in the award are recommended to log onto the website at www.cn916.org to get the details of the Award. The deadline for submission is before August 16, 2005.
Established by SEPA in 2003, the annual award recognizes organizations and individuals that have made outstanding contributions to China's ozone layer protection. Carrier is the sponsor of the Award, which has achieved great success in the past two years. The award winners have come from various sectors including government, academia and the air conditioning , chemical , and household appliance industries. Five gold awards and one special gold award will be presented in Shenzhen on September 16 this year, coinciding with World Ozone Protection Day. As a global corporate citizen with a strong commitment to protecting the environment, Carrier has sponsored the Award for three consecutive years, which fully articulates Carrier's stewardship and long-term commitment to the environmental protection in China.
"We're honored to join SEPA in raising awareness of the need for ozone protection and to celebrate those individual and organizational leaders that are making a difference, " said John Mandyck, Carrier Vice President for Government & International Relations. "By working closely with SEPA, we are committed to further enhancing and accelerating China's drive for ozone layer and environmental protection."
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