Latest news with #HVACR
Globe and Mail
27-05-2025
- Business
- Globe and Mail
Lennox and Ariston Group Announce Joint Venture to Launch Water Heaters in North America
The partnership combines Lennox's strength in residential distribution and customer relationships with Ariston Group's advanced water heating technology and manufacturing footprint, to launch water heaters that will carry the Lennox brands. DALLAS , May 27, 2025 /CNW/ -- Lennox (NYSE: LII), a leader of innovative climate solutions in the HVACR industry, and Ariston Group (Bloomberg: ARIS IM ), a global leader in sustainable climate and water comfort, have entered into a joint venture that will bring a competitive product portfolio of residential water heaters to homeowners in the United States and Canada . This strategic partnership brings the trusted brands, distribution channels, and expansive customer network of Lennox with Ariston Group's advanced global and regional expertise in water heating technology, R&D, and manufacturing. Together, the two companies aim to strengthen their market presence and drive innovation across the North American residential water heater landscape. "This joint venture aligns with our strategy to deliver accelerated growth by expanding our product offerings within the residential market, further strengthening our customer relationships," said Alok Maskara , Chief Executive Officer of Lennox. "We are excited to work alongside Ariston Group, a renowned global leader in water heating, including heat-pump-based high-efficiency water heating solutions. The new joint venture's offerings, when coupled with existing Lennox products and technology applications, will enable a perfect home comfort environment. Our partnership, grounded in shared principles and goals, provides additional value and growth opportunities to our dealers, distributors, and contractors." The joint venture will support the growth of Lennox and Ariston Group water heater sales across their respective channels and customers in the USA and Canada. Beginning in 2026, water heater products carrying the Lennox brands will be sold through Lennox stores, the direct-to-dealer network, and the distributor channel. Through its Ariston USA subsidiary, Ariston Group will continue selling to current customers under its brands. "Ariston Group entered the North American market in 2016, building its presence through three acquisitions, recognizing this region as a strategic priority for profitable growth," said Paolo Merloni , Executive Chairman of Ariston Group. "We are pleased to announce this new chapter with Lennox, an outstanding partner whose market leadership we respect deeply. This joint venture allows us to add to our existing commercial presence and brands an alliance with a strong partner. We are proud to be the technology provider behind high-efficiency solutions that will carry the Lennox brands." The newly established joint venture will be called Ariston Lennox Water Heating North America and will be operational after customary closing conditions are met. Ariston USA will own 50.1% of the joint venture, while Lennox will own the remaining 49.9%. Leadership of the joint venture will be appointed jointly by Ariston Group and Lennox. About Lennox Lennox (NYSE: LII) is a leader in energy-efficient climate-control solutions. Dedicated to sustainability and creating comfortable and healthier environments for our residential and commercial customers while reducing their carbon footprint, we lead the field in innovation with our cooling, heating, indoor air quality, and refrigeration systems. Additional information is available at For media inquiries, contact PR@ About Ariston Group Ariston Group (Bloomberg: ARIS IM) is a global leader in sustainable climate and water comfort, listed on Euronext Milan. In 2024 the group reported 2.6 billion-euro revenues, with over 10,000 employees, direct presence in 40 countries in 5 continents, 29 production sites and 28 research and development centers. The group demonstrates its commitment to sustainability through renewable and high-efficiency solutions, including heating heat pumps, water heating heat pumps, hybrids, domestic ventilation, air handling, electric components and solar thermal systems, while continuously investing in technological innovation, digitalization and advanced connectivity solutions. Additional information is available at For media inquiries, contact . SOURCE Lennox International Inc.
Fibre2Fashion
20-05-2025
- Business
- Fibre2Fashion
Arkema expands low-GWP forane refrigerant range globally
Arkema will offer a range of lower global warming potential (GWP) refrigerants to the global market, increasing access to next generation refrigerant solutions. The expansion of Arkema's portfolio through a commercial arrangement with Honeywell International Inc. will strengthen global supply chains, address increased demand for HFO blends in the HVACR industry and ensure continued supply, consistent with the HFC phasedown. Arkema will expand its range of low-GWP refrigerants globally under the Forane brand through a commercial deal with Honeywell. These next-gen HFO blends meet HVACR regulations, improve energy efficiency, and support the HFC phasedown. Solutions include R-454B, R-448A, R-449A, R-452A, and R-513A, targeting both comfort cooling and commercial refrigeration. Arkema will sell HFO blends under its Forane brand. These refrigerants – many of which are already preferred by leading equipment manufacturers – meet HVACR industry regulations and improve energy efficiency for businesses and homeowners. The solutions include: Forane 454B (R-454B), which possesses a GWP of 466 and exhibits properties comparable to R-410A. This refrigerant has been specified by several original equipment manufacturers (OEMs) for use in comfort cooling applications. Forane 448A (R-448A) and Forane 449A (R-449A) have been developed as replacements for R-404A, R-507A, R-22 and R-407. They are particularly well-suited for use in low to medium commercial refrigeration applications, including supermarkets, cold storage rooms, walk-in coolers and freezers, refrigerated display cases, and centralized rack systems. Forane 452A (R-452A) is another alternative to R-404A for transport refrigeration. Forane 513A (R-513A) reduces GWP by over 50% compared to R-134A. It's suitable for centrifugal chillers, medium temperature refrigeration, air conditioning and heat pumps. Arkema remains dedicated to delivering innovative, sustainable solutions for the HVACR industry. Note: The headline, insights, and image of this press release may have been refined by the Fibre2Fashion staff; the rest of the content remains unchanged. Fibre2Fashion News Desk (HU)
Yahoo
19-05-2025
- Business
- Yahoo
Arkema Strengthens Its Range of Lower Global Warming Potential Refrigerant Solutions
PARIS LA DÉFENSE, May 19, 2025--(BUSINESS WIRE)--Regulatory News: Arkema (Paris:AKE) will offer a range of lower global warming potential (GWP) refrigerants to the global market, increasing access to next generation refrigerant solutions. The expansion of Arkema's portfolio through a commercial arrangement with Honeywell International Inc. will strengthen global supply chains, address increased demand for HFO blends in the HVACR industry and ensure continued supply, consistent with the HFC phasedown. Arkema will sell HFO blends under its Forane® brand. These refrigerants – many of which are already preferred by leading equipment manufacturers – meet HVACR industry regulations and improve energy efficiency for businesses and homeowners. The solutions include: Forane® 454B (R-454B), which possesses a GWP of 466 and exhibits properties comparable to R-410A. This refrigerant has been specified by several original equipment manufacturers (OEMs) for use in comfort cooling applications. Forane® 448A (R-448A) and Forane® 449A (R-449A) have been developed as replacements for R-404A, R-507A, R-22 and R-407. They are particularly well-suited for use in low to medium commercial refrigeration applications, including supermarkets, cold storage rooms, walk-in coolers and freezers, refrigerated display cases, and centralized rack systems. Forane® 452A (R-452A) is another alternative to R-404A for transport refrigeration. Forane® 513A (R-513A) reduces GWP by over 50% compared to R-134A. It's suitable for centrifugal chillers, medium temperature refrigeration, air conditioning and heat pumps. Arkema remains dedicated to delivering innovative, sustainable solutions for the HVACR industry. For more information about Forane® low-GWP refrigerant offerings, visit Building on its unique set of expertise in materials science, Arkema offers a portfolio of first-class technologies to address ever-growing demand for new and more sustainable materials. With the ambition to become a pure player in Specialty Materials, the Group is structured into 3 complementary, resilient and highly innovative segments dedicated to Specialty Materials - Adhesive Solutions, Advanced Materials, and Coating Solutions - accounting for some 92% of Group sales in 2024, and a well-positioned and competitive Intermediates segment. Arkema offers cutting-edge technological solutions to meet the challenges of, among other things, new energies, access to water, recycling, urbanization and mobility, and fosters a permanent dialogue with all its stakeholders. The Group reported sales of around € 9.5 billion in 2024, and operates in some 55 countries with 21,150 employees worldwide. View source version on Contacts Investor relations contactsBéatrice Zilm +33 (0)1 49 00 75 58 James Poutier +33 (0)1 49 00 73 12 Colombe Boiteux +33 (0)1 49 00 72 07 Alexis Noël +33 (0)1 49 00 74 37 Media Contact : Anne Plaisance +33 (0)6 81 87 48 77
