Carrier Strengthens Sustainability Offering in China: Acquires a controlling interest in Shandong Fuerda Air Conditioner Equipment Co., Ltd

Aug 3, 2011

FARMINGTON, Conn., United States

Carrier announced that it has acquired a controlling interest in Shandong Fuerda Air Conditioner Equipment Co., Ltd., a leader in China’s water source and geothermal heat pump segment. As a business unit of United Technologies Corp. (NYSE:UTX), Carrier is the world’s leader in high technology heating, air-conditioning and refrigeration solutions and is committed to improving the world around us through engineered innovation and environmental stewardship.

With 2010 revenues over 30 million dollars, Fuerda has more than 300 employees, a manufacturing facility and 23 sales offices covering 20 provinces in China.  Heat pump technology is a key offering in the HVAC industry that is utilized to achieve energy efficiency for cooling and heating applications.  The technology employs natural resources, including geothermal, surface water, waste water or industrial exhaust heat as a renewable source to generate cooling and heating.

“This joint venture will enhance Carrier’s sustainability product portfolio in China and accelerate Fuerda’s growth in the marketplace by leveraging our combined strength in technology and distribution,” said Geraud Darnis, president, Carrier.

With the addition of Fuerda’s water source and geothermal products, Carrier China expands its sustainability offering, which also includes green building design and consulting, energy efficient air conditioning systems, cutting-edge building automation systems, and energy management services for new and existing buildings.

About Carrier Corp.
Carrier Corp. is the world’s leader in high technology heating, air-conditioning and refrigeration solutions. Carrier experts provide sustainable solutions, integrating energy efficient products, building controls, and energy services for residential, commercial, retail, transport and foodservice customers. Founded by the inventor of modern air conditioning, Carrier improves the world around us through engineered innovation and environmental stewardship. Carrier is unit of United Technologies Corp., a leading provider to the aerospace and building systems industries worldwide. Visit www.carrier.com for more information.

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