Saudi company exports locally made HVAC products to the US
RIYADH — Johnson Controls Arabia has begun exporting Saudi-made HVAC products to the United States, with nearly 100 chillers recently shipped for use in American public schools.The company's manufacturing facility in King Abdullah Economic City (KAEC) has significantly expanded production, with 80–90% of its products now made locally, up from 30% three years ago.'We have been able to expand and cater to 26 different countries, and this past year we celebrated shipping our scroll chiller technology to the US market,' Mohanad Al-Shaikh, CEO of Johnson Controls Arabia told Saudi Gazette.The company, which employs around 3,000 people in Saudi Arabia, has become a key supplier of HVAC solutions in the region.It has provided cooling systems for major projects, including Cleveland Clinic Abu Dhabi, airports, medical cities, and universities, with all units manufactured in Saudi Arabia.Al-Shaikh noted that exports are increasing, with the company expecting 25–30% of its production in 2025 to go to international markets, including China, Egypt, and the UAE.Manufacturing output is also projected to grow by 35–40% next year to meet rising demand.Johnson Controls Arabia has strengthened its partnership with Saudi Arabia's Public Investment Fund (PIF), with upcoming agreements to supply efficient HVAC products to PIF-owned real estate companies.Al-Shaikh highlighted that Saudi-made products are meeting global standards, allowing them to compete in international markets without significant modifications.The company is also expanding its offerings in high-growth sectors such as data centers, where cooling solutions are in high demand.Additionally, it is supporting Saudi Arabia's food security initiatives by providing industrial refrigeration systems for food storage.
Beyond traditional HVAC solutions, Johnson Controls Arabia is integrating digital technologies through its OpenBlue platform, which helps businesses optimize energy use and achieve sustainability targets. The company's Net Zero Center in KAEC is focused on advancing these solutions.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Argaam
2 hours ago
- Argaam
POS weekly transactions hit SAR 13.47B: SAMA
Point-of-sale (POS) transactions in Saudi Arabia reached nearly SAR 13.47 billion in the week ended Aug. 16, compared to roughly SAR 13.68 billion in the previous week. The number of POS transactions reached about 244.78 million last week, compared to nearly 228.52 million in the previous week, according to data issued by SAMA. POS transactions represent consumer expenditures through debit and credit cards at major shopping centers, retail outlets, pharmacies, and others. The data indicated that POS sales increase in the weeks that coincide with the disbursement of salaries to government employees (the 27th of each month), in addition to the weeks that coincide with school vacations and the weeks preceding Eid Al-Fitr and Eid Al-Adha. On the other hand, the value of sales decreases in the weeks that precede the disbursement of salaries and the weeks that coincide with the back-to-school season. Using the four-week moving average, the value of POS transactions rose in 2024, compared to both 2022 and 2023. In 2024, the average sales value ranged between SAR 11 billion and SAR 14 billion, up from SAR 10 billion to SAR 13 billion in 2023 and SAR 9 billion to SAR 12 billion in 2022. Consumer spending was concentrated in the food and beverage (F&B) sector, totaling SAR 1.88 billion, or 13.9% of this week's total. The restaurants and cafes sector followed closely with SAR 1.69 billion (12.5% of total). Riyadh led by region in terms of POS transaction value for the week ended Aug. 16, reaching approximately SAR 4.59 billion, or 34.1% of the total. Jeddah followed with SAR 1.82 billion (13.5%). According to SAMA's latest data, e-payments in the retail sector (individuals) reached 79% of the total transactions carried out by individuals in the Kingdom during 2024. This achieved the target entailed under the state's Financial Sector Development Program — a Vision 2030 program, which aimed to reach an e-payment ratio of 70% by 2025. Over the past few years, Saudi Arabia has witnessed remarkable progress and rapid growth in adopting e-payment methods. This was a result of the many strategic efforts and initiatives launched by SAMA in cooperation with the financial sector to support the growth of the payments sector and stimulate the use of various e-payment options in the Kingdom.
Argaam
5 hours ago
- Argaam
Jahez board to allocate 7.63M shares to employee stock plan
Jahez International Co. for Information System Technology (Jahez) said its board of directors recommended allocating repurchased shares to be held as treasury stock for the company's employee stock program. The move will have no financial impact, the company said in a statement to Tadawul. In May, Jahez's board recommended repurchasing up to 7.63 million treasury shares, equivalent to 3.64% of its total shares. The company said the shares may also be used in swap transactions for stake or asset acquisitions, for its employee stock program, or for sale, in line with Capital Market Authority (CMA) regulations and other applicable laws.
Argaam
6 hours ago
- Argaam
US crude oil inventories fall by 2.4M barrels last week: API
US crude oil inventories fell last week, while gasoline and distillate inventories increased, signaling mixed trends in energy demand in the world's largest economy. In a report issued by the American Petroleum Institute (API) on Aug. 19, it said commercial crude inventories fell by 2.4 million barrels in the week ended Aug. 15, compared with expectations for a smaller draw of 1.2 million barrels. Gasoline inventories rose by one million barrels, while distillate stocks — including diesel and heating oil — increased by 500,000 barrels. Investors are now awaiting official data from the US Energy Information Administration (EIA), due Aug. 20, with forecasts pointing to a 1.5-million-barrel decline in crude inventories. At the Aug. 19 close, October Brent crude futures fell 1.22%, or $0.81, to $65.79 a barrel, while September WTI futures dropped 1.69%, or $1.07, to $62.35 a barrel.
