Carrier Establishes Joint Venture for Building System Energy Saving Service

Oct 11, 2011


Carrier China announced its cooperation with Shanghai Electric Group Co., Ltd. (SEC) to establish a new joint venture, EC Energy Performance Engineering (Shanghai) Co., Ltd (“Yichuang”). This new joint venture will focus on delivering building system energy saving services and solutions across China. SEC will hold the majority share in this joint venture. Carrier is the world’s leader in high technology heating, air-conditioning and refrigeration solutions and a part of United Technologies Corp. (NYSE: UTX).

The Yichuang joint venture will offer a variety of services focused on building energy efficiency, including energy efficient retrofits, energy management contracting, building energy efficiency design, consultancy and analysis, as well as mechanical and electrical system commissioning.

“We have successful joint ventures with Shanghai Electric Company that date back to 1987. This new joint venture is a natural extension of our long term relationship,” said Ross Shuster, president, UTC Climate, Controls & Security Systems – Asia. “This new joint venture will focus its efforts and capabilities in helping building owners improve the overall energy efficiency of their existing buildings.”

Yichuang will leverage Carrier China’s innovative technologies, wide product portfolio and customer base, and the strong financing platform and group resources from SEC, to share cutting edge technologies and market resources to build itself as a leader in building system energy saving solution in China market.

“We are very glad to see the beginning of another successful cooperation between SEC and Carrier China,” commented Chen Hong, general manager of Shanghai Mechanical and Electrical Industry Co., Ltd, a subordinate company of SEC, “It is expected that our joint efforts in energy efficient building solutions will help customers in China with substantial savings on a green and sustainable building operations.”

In 1987, Carrier established its first partnership in China with Shanghai Electric Company. Over 20 years later, that partnership continues to flourish throughout China, contributing to Carrier’s continuous success in local market.

About Carrier
Carrier 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 a part of UTC Climate, Controls & Security Systems, a unit of United Technologies Corp., a leading provider to the aerospace and building systems industries worldwide. Visit for more information.

About Shanghai Electric Group Co., Ltd.
Shanghai Electric Group Co., Ltd. is one of the largest diversified equipment manufacturing groups in China. It has the strength of supplying whole sets of equipments, EPC projects and comprehensive service for modern equipments. It is listed No.5 in Asia and No.1 in China among Machinery Brand in the Asian Top 500 Brand. Shanghai Electric is becoming modern and globalized huge manufacturing group with outstanding main business, significant strength and continuous development ability.

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