Dalian Wanda Group Awards Purchasing Agreement to Carrier Corp.

Aug 20, 2010

BEIJING, China

Carrier Corp., a leading sustainable building solutions provider, was awarded a chiller purchasing contract by the Dalian Wanda Group, a renowned real estate enterprise in China. The one-year contract has an expected value of up to $30 million. Carrier Corp., a unit of United Technologies Corp. (NYSE:UTX), is the world’s leader in high technology heating, air-conditioning and refrigeration solutions, improving the world around us through engineered innovation and environmental stewardship.

“Energy efficiency and quality of products have always been our top considerations when selecting an air conditioning systems supplier,” said a spokesperson for Dalian Wanda Group. “We are convinced of Carrier’s expertise in sustainable building solutions, and look forward to cooperating with Carrier to create more green Wanda projects across China.”

Founded in 1988, Dalian Wanda Group is one of the most distinguished enterprises in China, with a strong presence in commercial real estate, luxury hotels, and department stores. Currently, Dalian Wanda Group has invested in real estate projects in more than 50 cities across China, including 27 Wanda Squares and 8 five-star hotels.

“Carrier continues to be focused on product quality and leadership in energy efficient solutions for the buildings industry,” added Ross Shuster, president, Carrier Asia. “Our relationship with the Dalian Wanda Group is another demonstration to our customers of Carrier’s expertise in sustainable building solutions.”

Carrier China was selected by the Dalian Wanda Group to supply energy efficient equipment, which over the course of the contract is expected to include up to 200 Evergreen® 19XR centrifugal chillers and 100 Aquaforce® 30XW high efficiency screw chillers. The combination of centrifugal and screw chillers will be configured to ensure highly efficient operations under varying load conditions. Moreover, by applying innovative technologies, Carrier’s 30XW high efficiency screw chillers achieve Grades One and Two under China’s National Energy Efficiency Standard, delivering exceptional energy performance. All the chillers provided will employ the environmentally sound, non-ozone depleting refrigerant HFC-134a. The annual agreement extends through May 2011.

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.

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