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SEOUL, South Korea, June 13, 2024 /PRNewswire/ -- LG Electronics' (LG) Heating, Ventilation and Air Conditioning (HVAC) Academy is reinforcing the company's human resources infrastructure by training over 30,000 HVAC professionals annually. Building a network of skilled installation and service engineers, the academy is playing an important role in supporting the company's global B2B expansion strategy.

Operating in 62 locations worldwide, the LG HVAC Academy provides comprehensive training on installing and maintaining LG's residential and commercial HVAC systems, including its high-efficiency chillers. The academy enhances the skill-and knowledge-base of local technicians, equipping them with the ability to ensure the optimal set-up and performance of the company's advanced HVAC solutions – which is crucial in delivering the differentiated customer experiences LG is known for.

The LG HVAC Academy estimates it will provide training to approximately 37,000 individuals this year. Each branch of the academy features integrated showrooms and training rooms where attendees can gain hands-on experience with the company's B2C and B2B products. Along with product installation and maintenance training, LG's academy introduces the company's new HVAC solutions and offers specialized regional training programs, technical forums and customized on-site classes at clients' offices.

Last April, the LG HVAC Academy hosted the five-day 'Train The Trainer (TTT)' program at LG headquarters in Seoul, South Korea. The program was designed to further HVAC trainers' capabilities, giving them the tools to adapt to changes in customer engagement, as well as the valuable opportunity to exchange ideas and experiences with their peers from different regions and subsidiaries.

LG is also expanding its region-specific programs with events such as last month's LG HVAC Consultant Leaders' Summit (Seoul) for technical consultants from across Asia. Furthermore, the company is continuously adding to its existing HVAC Academy infrastructure, and is set to open a new branch in Lyon (France) by the end of this year. Notable recent additions to the network include sites in Boston (USA), Taipei (Taiwan), Chennai (India) and Kolkata (India).

With the rise of AI, there is a growing need for high-efficiency, high-performance cooling systems, especially in data centers and semiconductor plants where effective heat management is essential for maintaining server efficiency. LG is targeting continuing growth in the global HVAC market – which had an estimated value of approximately USD 58.4 billion in 2023^* – with its high-efficiency heat pump HVAC systems, which have been designed with the latest electrification and environmental trends in mind. Moreover, the company aims to more than double the revenue generated by its residential and commercial HVAC business by 2030 and reinforce its position as a worldwide leader in air conditioning.

"The LG HVAC Academy plays a key role in enhancing the capabilities of engineers in each region," said James Lee, head of the Air Solution Business Unit at LG Electronics Home Appliance & Air Solution Company. "We will continue to increase customer engagement to deliver more value and drive our global HVAC business forward."

^*According to market research company IBIS World, the estimated value of the global HVAC market as of 2023 was approximately USD 58.4 billion.

About LG Electronics Air Solution Business Unit

LG air conditioning provides optimized solutions for every sector and climate with a wide range of cutting-edge systems that bring exceptional heating, ventilation and air conditioning performance to buildings worldwide. Through our unmatched expertise and industry knowledge, we respond directly to the needs of businesses seeking digitalized and eco-conscious HVAC solutions. We are the partner your business has been looking for, and are well prepared to integrate our leading technology into your day-to-day operations, supporting you and your business every step of the way. For more information, please visit www.lg.com/global/business/hvac.

SEOUL, South Korea, May 30, 2024 /PRNewswire/ -- LG Electronics (LG) is currently hosting the inaugural LG HVAC Consultant Leaders' Summit – LG Alumni Event – in Seoul, South Korea (May 28-31). The summit provides heating, ventilation and air conditioning (HVAC) consultants from across Asia, with the valuable opportunity to benefit from LG's extensive industry insight and to learn more about its advanced technologies. The first-of-its-kind event is expected to bolster the company's leadership in the Asia region, which is now the world's most rapidly-expanding HVAC market.

Attending the summit were 46 consultants from five Asian countries: Indonesia, Singapore, Thailand, the Philippines and Vietnam. Technical consultants play a vital role in the HVAC business, supporting customers in important areas including system design, installation guidance and maintenance support. By collaborating closely with consultants in each market, LG is able to provide a differentiated customer experience that adds significant value to its industry-leading HVAC solutions.

With its high-growth potential, Asia has emerged as a key market for the expansion of LG's HVAC business. Driven by an increase in commercial construction and stricter government energy-saving policies, the region is experiencing escalating demand for smart HVAC systems offering integrated IoT control, building automation and real-time performance monitoring. A respected provider of high-efficiency residential and commercial HVAC solutions based on innovative heat pump technology, LG is working with universities and research institutes to develop the next generation of cutting-edge heat pump systems.

In 2023, LG announced its plan to more than double the sales volume of its residential and commercial HVAC business by 2030 – an ambitious goal that will secure the company's position as a global top-tier HVAC solutions provider.

Through a series of engaging seminars being led by industry experts, the consultants participating in the LG HVAC Consultant Leaders' Summit – LG Alumni Event will come away with new insight into the trends and technologies shaping the HVAC landscape in Asia and worldwide. Key topics include zero-carbon buildings and HVAC in the era of Artificial Intelligence.

With Asia as the starting point, LG aims to strategically expand its consultant network around the globe, extending its outreach efforts to regions with high-growth potential, such as Central and South America.

"It's a pleasure to be sharing our cutting-edge technologies and industry insights with professional HVAC consultants from some of Asia's most dynamic markets," said James Lee, head of the Air Solution Business Unit at LG Electronics Home Appliance & Air Solution Company. "We will continue to collaborate closely with our consultant network to ensure the best customer outcomes and to grow our influence throughout the Asia region."

About LG Electronics Air Solution Business Unit
LG air conditioning provides optimized solutions for every sector and climate with a wide range of cutting-edge systems that bring exceptional heating, ventilation and air conditioning performance to buildings worldwide. Through our unmatched expertise and industry knowledge, we respond directly to the needs of businesses seeking digitalized and eco-conscious HVAC solutions. We are the partner your business has been looking for, and are well prepared to integrate our leading technology into your day-to-day operations, supporting you and your business every step of the way. For more information, please visit www.lg.com/global/business/hvac. 

SEOUL, South Korea, July 8, 2025 /PRNewswire/ -- LG Electronics (LG), at a press conference held on July 8 at LG Sciencepark in South Korea, presented a strategic roadmap aimed at transforming its ES Company into a top-tier global provider of heating, ventilation and air conditioning (HVAC) solutions by 2030. To achieve this goal, the company plans to drive growth by expanding its industrial and commercial B2B revenue – including from AI data center cooling – and by providing regionally tailored heating and cooling solutions. In line with its "3B strategy" (Build, Borrow, Buy), LG will also pursue serial acquisitions to enhance core capabilities and diversify its business portfolio.

By strengthening its competitiveness in both high-efficiency HVAC hardware and non-hardware solutions, LG aims to achieve KRW 20 trillion in HVAC revenue by 2030 as part of its mid- to long-term growth strategy.

Boosting Industrial B2B Sales as Demand Surges in the AI Era
LG continues to scale its presence in the B2B sector, supplying advanced chiller systems for data centers and large-scale commercial buildings. With the global chiller market expected to reach USD 12 billion by 2027, the company aims to reach USD 720 million (KRW 1 trillion) in sales within two years, establishing the business as a core future growth driver.

LG's portfolio includes diverse data center-specific cooling technologies – such as liquid cooling systems using coolant distribution units to directly cool server chips, chiller-based air cooling systems and HVAC solutions compatible with direct current power environments. In 2025, LG expects to more than triple orders for its data center cooling solutions compared to the previous year, marking it as a key growth engine.

To develop optimized solutions for AI data centers, LG established a dedicated testbed – the LG AI Data Center HVAC Solution Lab – at its Pyeongtaek chiller plant earlier this year. The facility simulates a wide range of AI server environments to conduct systematic performance testing of LG's advanced cooling solutions. Most recently, the company began pilot testing its liquid cooling technology in collaboration with LG U+, a leading South Korean telecommunications and digital services provider, to further validate and refine its thermal management capabilities.

Strategic Acquisitions Fueling HVAC Capabilities and Portfolio Expansion
As part of its growth strategy, LG is actively pursuing strategic acquisitions to reinforce its HVAC expertise and broaden its portfolio. Most recently, the company acquired a 100 percent stake in OSO, a leading Norway-based water heating solutions provider, to solidify its position in the European heating market.

Guided by its 3B strategy, LG is simultaneously building internal capabilities through initiatives like the Air Solution Lab and HVAC Academy (Build), forming R&D partnerships with academic institutions (Borrow), and continuing to identify high-impact M&A opportunities (Buy).

Expanding B2B Reach via Deep Localization and Non-Hardware Revenue Growth
LG is rapidly expanding its presence in the commercial HVAC market, delivering solutions to logistics centers, retail complexes and other large infrastructure projects. Recent highlights include the installation of its high-efficiency Multi V i™ system at a major logistics hub in Tuas, Singapore, and the supply of 28,000 RT of chillers to The Avenues-Riyadh, a major mixed-use complex in Saudi Arabia. These projects showcase LG's ability to meet local regulations and customer requirements through tailored, region-specific solutions. 

The company is also accelerating growth in non-hardware revenue, aiming to increase its share from 10 percent to 20 percent. This includes offerings such as Building Energy Control (BECON), an AI-based integrated building management platform that provides real-time energy analytics. LG is also nearing commercialization of a digital twin system for data centers that can accurately predict server heat generation and optimize HVAC efficiency using AI-powered control systems.

Strengthening Global South Presence to Achieve Global Leadership
With strong localization at its core, LG is strengthening its presence in the rapidly expanding markets of the Global South through end-to-end localized operations that encompass R&D, manufacturing, sales and maintenance. While maintaining a strong presence in North America and Europe, the company is now accelerating its B2B expansion in emerging regions by delivering tailored solutions and strengthening its on-the-ground capabilities.

In India, LG is launching a new product development organization this year and establishing a new production line at its Sri City plant, scheduled to open in 2026. This new line will support regional demand with an annual capacity of up to 1.5 million air conditioning units.

Globally, LG is leveraging its HVAC Academy training centers to cultivate top-tier service, sales and engineering talent, while also using these facilities as strategic hubs to support regional expansion. The company currently operates HVAC Academies in 65 locations across 43 countries and plans to expand the network to 70 locations by the end of 2025.

"HVAC demand is rising in tandem with the growing number of data centers being built worldwide," said James Lee, president of the LG ES Company. "Leveraging decades of experience and core technological excellence, LG is committed to becoming a leading HVAC solution provider in the AI era."

About LG Electronics Eco Solution Company
The LG Eco Solution Company (ES) offers advanced air conditioning solutions, including chillers, for diverse sectors and climates. Committed to exceptional HVAC performance, the ES Company aims to enhance indoor comfort and well-being with innovative air care products. Leveraging deep industry expertise, it offers digitalized HVAC solutions designed for better life. As a trusted partner, the company integrates cutting-edge technology into daily operations while offering ongoing support. For more information, please visit www.lg.com/global/business/hvac.

SEOUL, South Korea, July 15, 2024 /PRNewswire/ -- LG Electronics (LG) is establishing a new Air Solution Research and Development (R&D) Lab in Frankfurt, Germany. The state-of-the-art facility will join existing LG Air Solution Labs in Changwon, South Korea; and Atlanta, Georgia, USA, to form a global R&D triangle.

The new 10,000-square-foot lab will focus primarily on developing high-efficiency heating, ventilation and air conditioning (HVAC) solutions for Europe's varied local climates. Research and testing will be carried out on a wide range of residential and light commercial HVAC systems, including heat pumps, energy monitoring systems and energy management platforms. Through executing an extensive, locally-focused R&D program, the Frankfurt lab will reinforce LG's ability to provide HVAC solutions tailored for the European market.

Additionally, the new lab will collaborate with the company's recently launched European Consortium for Advanced Heat Pump Research to develop heat pumps that can reliably deliver top-tier heating performance during Northern Europe's harsh winters. To strengthen the capabilities of its European HVAC business, LG plans to nurture and actively recruit local talent in fields such as heat pump design and smart home technology.

A major focus for LG, the European HVAC market is expected to see significant growth in the coming years due to the European Union's (EU) far-reaching energy policies. These include the REPowerEU^* plan, which aims to reduce energy consumption, diversify energy supply, expand renewable energy sources and decrease dependence on fossil fuels by 2030. Moreover, the EU-led Green Deal policy targets significant reductions in carbon emissions by 2030, with further reductions by 2040, to achieve a carbon-neutral society by 2050.

The EU's energy policies have significantly increased the demand for high-efficiency electrical products, particularly high-efficiency heat pump heating and cooling systems. These systems offer reduced carbon emissions compared to conventional fossil-fuel-driven solutions.

LG's HVAC solutions, including ultra-efficient heat pumps, are highly competitive due to the company's advanced core component technology, or core tech. LG develops and manufactures key components such as compressors and motors, essential for air conditioning products and a variety of other appliances. The company also proactively invests in R&D to continuously enhance its industry-leading technologies, including heat exchangers, inverters and heat pumps.

To drive B2B growth and increase management efficacy, LG's HVAC business is developing a comprehensive local system encompassing all operational areas, from R&D and sales to maintenance and customer service. As part of this initiative, LG has expanded its network of HVAC academies to 62 locations in 43 countries across North America, Latin America, Europe and Asia, training over 30,000 HVAC engineers annually.

"Along with developing differentiated HVAC solutions tailored to Europe's regional climates, our new Air Solution R&D Lab in Frankfurt will support our ongoing global efforts in decarbonization and electrification," said James Lee, head of the Air Solution Business Unit at LG Electronics Home Appliance & Air Solution Company. "LG will continue to strengthen its HVAC leadership in Europe and globally."

^* The EU's REPowerEU plan has decreased gas consumption by 18 percent, and dependence on Russian fossil fuels has dropped from 45 percent in 2021 to 15 percent in 2023. (commission.europa.eu/strategy-and-policy/priorities-2019-2024/european-green-deal/repowereu-affordable-secure-and-sustainable-energy-europe_en)

About LG Electronics Air Solution Business Unit

LG air conditioning provides optimized solutions for every sector and climate with a wide range of cutting-edge systems that bring exceptional heating, ventilation and air conditioning performance to buildings worldwide. Through our unmatched expertise and industry knowledge, we respond directly to the needs of businesses seeking digitalized and eco-conscious HVAC solutions. We are the partner your business has been looking for, and are well prepared to integrate our leading technology into your day-to-day operations, supporting you and your business every step of the way. For more information, please visit www.lg.com/global/business/hvac.

SEOUL, South Korea, Jan. 26, 2024 /PRNewswire/ -- LG Electronics (LG) announces that the grand finale of its first-ever heating, ventilation and air conditioning (HVAC)-themed student hackathon, Hack for Heat, will take place on January 26 at the LG office in Courbevoie, France. The groundbreaking event will see talented youth from across Europe competing in teams to help redefine the future of HVAC and create a better tomorrow for all.

LG is a company that understands the importance of transitioning to low-carbon heating systems and is fully committed to supporting the EU's Green Deal. In line with this commitment, LG offers efficient and sustainable HVAC solutions. As part of efforts to foster the next generation of HVAC innovators and help bring about positive change, LG organized the Hack for Heat hackathon, inviting students to apply their passion and unique ideas to three key challenges facing the HVAC industry:

• HACK HEAT FOR DESIGN: Redefining HVAC design to seamlessly integrate into urban landscapes, with a focus on aesthetics, size and cost.
• HACK HEAT FOR PLANET: Creating 'zero carbon' heat pump systems while addressing every aspect of the supply chain.
• HACK HEAT FOR USERS: Crafting engaging educational content to connect with consumers and spread awareness about LG's commitment to sustainable development solutions.

The Hack for Heat grand final will feature six teams representing Spain, Portugal, the U.K., Hungary and France. Each team will have the opportunity to present their projects to a jury comprising LG executives from various business units. The winning team will be rewarded with an all-expenses-paid trip to Seoul, South Korea, where they will have the chance to immerse themselves in the local culture, explore the city's renowned landmarks and enjoy an exclusive tour of LG headquarters.

Open to the public and media, the Hack for Heat finale will be held at Workstation, 25 Quai du Président Paul Doumer, Courbevoie, France, on January 26 from 8:30 AM to 3:30 PM. Registration is required and can be completed on the event's LinkedIn page.

"Hack for Heat reveals LG's strong commitment to innovation and firm belief in the power of young talent to shape the future of HVAC," said James Lee, head of the Air Solution Business Unit at LG Electronics Home Appliance & Air Solution Company. "We are thrilled to welcome the unique ideas of these passionate, young innovators, and look forward to seeing how their contributions will transform the industry and make people's lives better."

For more information about the event, visit https://www.lg-hackforheat.com/en/challenges/2023-edition.

About LG Electronics Air Solution Business Unit

LG air conditioning provides optimized solutions for every sector and climate with a wide range of cutting-edge systems that bring exceptional heating, ventilation and air conditioning performance to buildings worldwide. Through our unmatched expertise and industry knowledge, we respond directly to the needs of businesses seeking digitalized and eco-conscious HVAC solutions. We are the partner your business has been looking for, and are well prepared to integrate our leading technology into your day-to-day operations, supporting you and your business every step of the way. For more information, please visit www.LG.com.

About HackForHeat

HackForHeat is a student hackathon organized by LG Air Solution Europe to challenge young talent to reimagine the future of HVAC. The hackathon focuses on three key challenges: design, sustainability, and user engagement.

Frost & Sullivan's latest analysis of the HVAC sector highlights the growing role of smart and connected HVAC solutions in enhancing operational efficiency, reducing energy consumption, and ensuring long-term sustainability. The widespread adoption of IoT sensors and cloud-based platforms now enables real-time monitoring, predictive analytics, and proactive maintenance - minimising downtime while maximising performance.

At the same time, the rise of AI and machine learning (ML) is unlocking powerful data-driven insights, helping to optimise system operations, extend equipment lifespan, and tailor climate control to occupant needs. These technologies also support smarter retrofitting decisions and improved design planning in both new and existing buildings.

Cybersecurity Emerges as a Core Priority for Smart HVAC

With HVAC systems increasingly integrated into wider building automation and enterprise IT networks, cybersecurity is taking centre stage. Smart HVAC represents a growing target segment for the cybersecurity industry, prompting a push toward robust, end-to-end solutions.

"Securing connected systems requires identifying unauthorized devices, monitoring abnormal behaviour, encrypting sensitive data, and implementing strict access controls," says Dennis Marcell Victor, Growth Expert at Frost & Sullivan. "Adopting a zero-trust framework with continuous monitoring and network segmentation will be essential to ensure resilience."

AI and ML will be pivotal in detecting threats in real time, while integrated cybersecurity solutions - including ransomware prevention and device authentication - are expected to become standard in next-generation HVAC deployments.

Energy-Efficient Innovations and Evolving Business Models

Environmental regulations and global sustainability goals are driving HVAC manufacturers to adopt low-GWP refrigerants and design systems optimized for energy efficiency. Meanwhile, the booming demand for precision cooling in data centres - fuelled by cloud computing and edge technologies - is pushing innovation in scalable, high-performance HVAC systems.

In addition, the emergence of HVAC-as-a-Service (HVACaaS) is transforming how customers engage with HVAC providers. Offering flexible, subscription-based models, HVACaaS reduces capital expenditures while delivering guaranteed performance, proactive service, and enhanced customer satisfaction.

Enabling Smarter Buildings Through Interoperability

The adoption of open communication protocols such as BACnet/IP and Modbus is gaining traction, ensuring seamless integration between HVAC systems and broader building management infrastructure. This trend supports vendor-agnostic environments and promotes greater flexibility in system upgrades and expansions.

As the HVAC industry continues to evolve, companies that embrace digital transformation, prioritise cybersecurity, and align with sustainable practices will be best positioned to lead in the era of smart buildings and connected ecosystems.

See what's next: click here to help transform your HVAC strategy for a smarter tomorrow.

YOUR TRANSFORMATIONAL GROWTH JOURNEY STARTS HERE. Frost & Sullivan's Growth Pipeline Engine, transformational strategies and best-practice models drive the generation, evaluation, and implementation of powerful growth opportunities. Is your company prepared to survive and thrive through the coming transformation? Join the Journey

Editor's Note

To arrange an interview or for any questions, please contact:

Kristina Menzefricke
Marketing & Communications
Global Customer Experience, Frost & Sullivan
kristina.menzefricke@frost.com

SEOUL, South Korea, Feb. 7, 2023 /PRNewswire/ -- LG Electronics (LG) is showcasing its latest heating, ventilation and air conditioning (HVAC) solutions at AHR Expo 2023, the U.S.'s largest HVAC event, taking place in Atlanta, from February 6-8. The company's higher efficiency, customized solutions for commercial and residential applications are on display across two exhibition booths: the HVAC Solution booth and the Component Solutions booth.

In the HVAC Solution booth, LG is presenting a number of new-for-2023 solutions, including Variable Refrigerant Flow (VRF) systems, higher energy-efficient heat pumps, indoor air quality solutions and flexible building automation and connectivity products.

One of the highlights of the HVAC booth is the LG Multi V™ i, an all-electric VRF cooling and heating solution equipped with the company's AI Engine. The latest Multi V also boasts Edge computing architecture, intelligent operation based on real-time weather conditions as well as remote software and firmware upgradability. A next-generation VRF system, the Multi V i has a single refrigerant circuit that makes it possible to connect multiple indoor units to a single outdoor unit. Additionally, it provides options that help maximize energy efficiency and minimize operational costs, and is suitable for a wide range of commercial applications. Offering engineers and building owners outstanding flexibility in terms of performance and design, the Multi V i is available in capacities from 6 to 44 tons and can be used in single or dual-frame modular configurations.

LG's Inverter Scroll Heat Pump Chiller raises the standard for solutions in the air-cooled chiller category. The LG Inverter Scroll Heat Pump Chiller is designed for cooling and heating. With an impressive integrated part load value (IPLV)¹ of 19.46, LG's chiller can be used in many sectors for many types of use scenarios, providing a reliable mechanical solution for both large- and small-capacity applications. The Inverter Scroll Heat Pump Chiller's performance and versatility can be attributed to several key components, including LG's inverter technology, which enables a precise and efficient response to load demand and industry-leading low-ambient, high-efficiency heating. What's more, a modular design allows system engineers to install the chiller using a two- or four-pipe configuration to provide simultaneous cooling and heating functionality without sacrificing efficiency or performance.

An AHR 2022 Innovation Award winner in the ventilation category, the LG Dedicated Outdoor Air System (DOAS) is a commercial ventilation system that also delivers effective dehumidification, cooling and heating. Able to control the temperature and humidity of the air inside a building or facility, DOAS comes equipped with a dual heat recovery system that minimizes energy loss. Meanwhile, the LG Therma V™ Air to Water Heat Pump (AWHP) solution provides efficient, dependable heating, cooling and hot water supply, and is an excellent replacement for a domestic-use gas boiler.

Using the company's smart home platform, the LG ThinQ™ app, customers can remotely control and monitor their LG HVAC residential solutions and LG home appliances. And through LG ThinQ Smart Diagnosis, they can maintain the performance of their LG products and make direct inquiries to LG system experts should the need arise.

At AHR 2023, LG is also demonstrating its differentiated core product components in the Component Solutions booth. All of the company's new Inverter compressors utilize low-GWP refrigerants, R454B and R32, meaning they already comply with new U.S. regulations on refrigerant use that will come into force in 2025.² Additionally, the Component Solutions booth hosts LG's large-capacity scroll compressors for the commercial system air conditioning market.

"Heat pumps will continue to gain momentum in the global HVAC market in 2023 and our advanced VRF technology will enable us to take full advantage of this," said James Lee, head of the Air Solution Business Unit at LG Electronics Home Appliance & Air Solution Company. "The 'electrification' trend is moving America away from fossil fuels and towards cleaner heating and cooling solutions, such as those from the extensive line of efficient, high-performance LG innovations on display at AHR 2023. We will continue to introduce advanced HVAC solutions designed to maximize customer value and expand our presence to the global air conditioning market."

Visitors to LG's booth (#6509, Georgia World Congress Center) at AHR Expo 2023 can experience the full portfolio of LG HVAC solutions.

About LG Electronics Air Solution Business Unit

LG air conditioning provides optimized solutions for every sector and climate with a wide range of cutting-edge systems that bring exceptional heating, ventilation and air conditioning performance to buildings worldwide. Through our unmatched expertise and industry knowledge, we respond directly to the needs of businesses seeking digitalized and eco-conscious HVAC solutions. We are the partner your business has been looking for, and are well prepared to integrate our leading technology into your day-to-day operations, supporting you and your business every step of the way. For more information, please visit www.LG.com.

SEOUL, South Korea, Sept. 24, 2024 /PRNewswire/ -- LG Electronics (LG) is hosting the first-ever meeting of the Global Heat Pump Consortium in Seoul, South Korea, from September 23-26. A cooperative venture between LG and a growing number of international universities, the consortium is focused on developing new, more efficient heat pump technologies, including solutions designed to handle harsh climatic conditions. The event brings together LG personnel and academics from participating universities to introduce heat pump technologies and discuss industry-academia projects being conducted by each of the consortium's regional clusters.

The Global Heat Pump Consortium comprises LG-led heat pump R&D consortiums established in Alaska, USA (November 2023) and in Oslo, Norway, and Harbin, China (June and August of 2024, respectively). The consortium also includes a South Korean cluster, with LG working collaboratively with respected universities in Seoul and Busan to drive heating, ventilation and air conditioning (HVAC) innovation.

On the first day of the event, LG introduced key heat pump technologies and products from its industry-leading lineup of high-efficiency HVAC solutions. Each regional consortium then provided an update on its specific research tasks and shared its current progress in evaluating high-performance heat pump tech for challenging climates. The inaugural meeting of the global consortium is also offering attendees valuable learning opportunities, with seminars and discussions on topics including the latest HVAC industry and market trends, and future technologies for region-specific heat pump solutions.

Through cooperating with universities known for their top-tier HVAC research programs, LG is strengthening its own R&D capabilities and accelerating the development of the next generation of heat pumps. The company anticipates that the groundbreaking work being carried out by the consortium will also help strengthen its competitiveness in the global heating and cooling solutions market.

Internationally, the demand for high-efficiency, low-carbon-emission heat pumps is rapidly increasing, in large part due to the worldwide electrification and decarbonization trends. Solidifying its status as a technology leader and responsible corporate citizen, LG is leveraging its cutting-edge heat pump technology to deliver region-specific heating and cooling solutions for the North American, European and Asian HVAC markets.

At an investor forum in August, LG highlighted "B2B acceleration" as one of its four key strategies for business portfolio innovation. The HVAC business, a major component of the company's diverse B2B portfolio, has become a market leader based on the strength of its advanced, highly-efficient core technologies, such as inverter compressors, heat exchangers and AI engines.

Around the globe, LG is enhancing the capabilities of its HVAC business through creating locally complete systems encompassing R&D, sales, manufacturing and maintenance. In addition, the company currently operates five Air Solution Research Labs – with facilities located in Korea, North America, Europe and India – and has a network of HVAC academies spanning 43 countries and training over 30,000 engineers annually.

"We are committed to accelerating our HVAC business, with heat pump innovation as the cornerstone of our vision," said James Lee, head of the Air Solution Business Unit at LG Electronics Home Appliance & Air Solution Company. "Through the Global Heat Pump Consortium, we aim to lead the HVAC industry with decarbonization solutions aligned with the global electrification trend."

About LG Electronics Air Solution Business Unit

LG air conditioning provides optimized solutions for every sector and climate with a wide range of cutting-edge systems that bring exceptional heating, ventilation and air conditioning performance to buildings worldwide. Through our unmatched expertise and industry knowledge, we respond directly to the needs of businesses seeking digitalized HVAC solutions. We are the partner your business has been looking for, and are well prepared to integrate our leading technology into your day-to-day operations, supporting you and your business every step of the way. For more information, please visit www.lg.com/global/business/hvac. 

SEOUL, South Korea, Jan. 22, 2024 /PRNewswire/ -- LG Electronics (LG) is unveiling its latest heating, ventilation and air conditioning (HVAC) solutions at AHR Expo 2024, taking place in Chicago, Illinois, U.S.A., from January 22-24. LG's energy-efficient residential and commercial HVAC lineups on show at this year's event deliver exceptional performance and demonstrate the company's steadfast commitment to environmental responsibility.

In the Air Solution booth, LG is putting the spotlight on several of its cutting-edge HVAC solutions. These include the R32 air-to-water heat pump and furnace, and the Multi F heat pump, both designed for residential applications, and the new Multi V™ i Variable Refrigerant Flow (VRF) solution for commercial use.

Visitors to the Home Electrification Solutions Zone can get a firsthand look at LG's R32 air-to-water heat pump, which employs the low Global Warming Potential (GWP) refrigerant, R32. Meeting the latest refrigerant standards, ¹ R32 contributes to the solution's ability to deliver a reliable heating performance at low temperatures. The zone also features the stylish ARTCOOL™ Gallery air conditioner. First unveiled at CES 2023, the distinctive ARTCOOL Gallery boasts the company's state-of-the-art DUAL Inverter Compressor™ and 3-way indirect flow.

Additionally, the Home Electrification Zone highlights LG's expertise in custom HVAC system design using versatile solutions such as the Multi F heat pump. Compatible with various indoor units and able to adapt to a wide range of buildings and appliances, the Multi F ensures a comfortable indoor environment, even in extreme climates.

Displayed in the Home Air and Water Solutions Zone, LG's Inverter heat pump water heater is an energy-efficient alternative to a conventional electricity- or gas-powered heater.² It can heat up to 80 gallons of water at a time, providing a large supply of hot water and a dependable performance. LG's innovative water heater enhances user convenience as well, offering seamless remote control and handy maintenance notifications via LG ThinQ™ app.

The company's Multi-Position Air Handler Heat Pump provides homeowners with a new level of flexibility and comfort, even in cold climate zones. This solution provides optimal temperature control year-round, cooling in the summer and heating in the winter, and can be configured for vertical upflow, downflow, or horizontal left or right installation, fitting seamlessly into your home's existing setup.

In the Commercial Zone, LG is presenting its new Multi V™ i VRF solution, which is designed for use in mid- to high-rise commercial buildings. Equipped with LG's highly evolved AI engine, the new Multi V i analyzes operational data to enhance comfort, save energy and provide smart diagnosis functions.

Located next to the Air Solution booth, the Component Solutions booth illustrates LG's ongoing commitment to sustainability and energy efficiency. Among the core product components displayed there are the company's new residential compressors with low-GWP refrigerants, which are already compliant with new U.S. regulations on refrigerant use. ¹ The booth also features LG's scroll compressors for the commercial market and the company's latest HVAC fan motor lineup.

"Our cutting-edge HVAC solutions at AHR Expo 2024 show that LG is playing a leading role in the global progress towards 'electrification,' and in prioritizing sustainability in HVAC design," said James Lee, head of the Air Solution Business Unit at LG Electronics Home Appliance & Air Solution Company. "We will continue to introduce energy-efficient and high-performance HVAC solutions that further solidify our strong position in the global air conditioning market and support LG's global strategy as a Smart Home Solution provider."

Visit LG's booth (#S8345, #8349, McCormick Place) at AHR Expo 2024 to explore the full portfolio of LG HVAC solutions.

¹ The state of California has passed legislation that will ban the use of refrigerants with a GWP over 750 from the year 2025.

² LG's Inverter Heat Pump Water Heater using a DUAL Inverter compressor heats water with an efficiency of 3.93 Uniform Energy Factor (UEF), whereas conventional electric water heater achieves 0.93 UEF, and conventional gas water heater achieves 0.70 UEF.

About LG Electronics Home Appliance & Air Solution Company 

The LG Home Appliance & Air Solution Company is a global leader in home appliances, smart home solutions, air solutions as well as visionary products featuring LG ThinQ AI. The company is creating various solutions with its industry leading core technologies and is committed to making life better and healthier for consumers by developing thoughtfully designed kitchen appliances, living appliances, HVAC and air purification solutions. Together, these products deliver enhanced convenience, superb performance, efficient operation and compelling health benefits. For more news on LG, visit www.LGnewsroom.com.

SEOUL, South Korea, March 13, 2023 /PRNewswire/ -- LG Electronics (LG) is showcasing its latest heating, ventilation and air conditioning (HVAC) solutions at the International Trade Fair for Sanitation, Heating and Air (ISH) 2023, taking place in Frankfurt, Germany, from March 13-17. On display across the Residential Solution booth and the Commercial Solution booth, LG's industry leading solutions for home and business deliver the strong performance and energy efficiency that European customers demand.

Due to tighter environmental regulations and the short supply of natural gas, the European HVAC market has seen growing interest in heat pump air conditioning systems that can reduce carbon emissions and dependence on fossil fuels. In 2019, the European Union announced its "European Green Deal" policy, which aims to achieve carbon neutrality by 2050. Last year, it also declared the "REPowerEU" plan to expand the use of renewable energy by 2030, and reduce energy consumption and reliance on fossil fuels.

Reflecting current market trends, and a commitment to energy efficiency, LG's HVAC products at ISH 2023 demonstrate the quality and value that have made the company one of the industry's biggest players. Visitors to the Residential Solution booth can explore various solutions designed for private residences, including air source heat pumps (ASHP) employing low-Global Warming Potential (GWP) refrigerants, advanced Energy Recovery Ventilation (ERV) systems, LG's reliable Water Heater, and the Energy Storage System (ESS) and Building Energy Control (BECON) solution for smart energy management.

Making its global debut at ISH 2023 is the brand-new Therma V™ R290 Monobloc for residential applications. The impressive ASHP utilizes R290 refrigerant, which has a GWP of three – far lower than the GWP of refrigerants commonly used in heating solutions. The Therma V R290 Monobloc also delivers dependable indoor heating to keep homes comfortably warm throughout the coldest months of the year.

The LG Therma V series of high efficiency heat pump air conditioning systems is gaining wide popularity in the European market. Delivering a differentiated customer experience based on advanced technologies and convenient energy-saving features, LG's outstanding ASHPs saw an increase in sales of more than 120 percent over the past year. In the majority of European countries where the company's HVAC business operates, including France and Germany, sales of LG heat pumps more than doubled in 2022.

As ASHP solutions, LG Therma V products use outdoor air to generate energy for cooling and heating, leading to significant gains in operational efficiency. LG Therma V utilizes 75 percent thermal energy harnessed from the air and 25 percent electricity, helping households to reduce their dependence on fossil fuels.

Another energy efficient LG solution in the spotlight at ISH 2023, the Multi V™ i Variable Refrigerant Flow (VRF) system can be found in the company's Commercial Solution booth. Equipped with LG's highly evolved AI engine, the Multi V i improves energy savings by up to 24.7 percent¹ via AI Smart Care, which uses spatial and situational learning to adjust cooling and heating power. The solution also leverages LG's AI Indoor Space Care to help maintain an indoor even temperature; automatically turning on the indoor units in a given area when occupants are detected, and turning them off again once the occupants have left.

"From the new Therma V R290 Monobloc to the Multi V i, our latest HVAC solutions demonstrate our commitment to promote a more energy efficient lifestyle," said James Lee, head of the Air Solution Business Unit at LG Electronics Home Appliance & Air Solution Company. "LG will continue to develop smart, energy-saving solutions and endeavor to step closer to carbon neutrality."

Visitors to LG's ISH 2023 exhibition booth (E69, 12.1 Hall, Messe Frankfurt) can experience the company's full portfolio of cutting-edge HVAC solutions.

^[1] Tested internally following KS Test Standard (KS B ISO 15042:2006) using 24 horespower (HP) model Multi V i. Results may vary depending on model, ambient temperature and other environmental factors.

About LG Electronics Air Solution Business Unit

LG air conditioning provides optimized solutions for every sector and climate with a wide range of cutting-edge systems that bring exceptional heating, ventilation and air conditioning performance to buildings worldwide. Through our unmatched expertise and industry knowledge, we respond directly to the needs of businesses seeking digitalized and eco-conscious HVAC solutions. We are the partner your business has been looking for, and are well prepared to integrate our leading technology into your day-to-day operations, supporting you and your business every step of the way. For more information, please visit www.LG.com.

CHENGDU, China, Nov. 13, 2025 /PRNewswire/ -- WF International Limited (the "Company" or "WF International") (NASDAQ: WXM), an integrated electromechanical solutions company specializing in the supply, installation, fitting-out, and maintenance of HVAC systems, floor heating systems, and water purification systems, today announced that it has been awarded a one-year distribution qualification by Hisense Group, a globally recognized electronics and appliance manufacturer headquartered in Qingdao, China. Hisense's HVAC division ranks among the top five in China and is known for its innovation in variable refrigerant flow (VRF), central air conditioning, and intelligent control technologies.

This milestone follows WF International's recent appointment as an authorized distributor of Qingdao Hi-Sense Hitachi Air-Conditioning Systems Co., Ltd., a joint venture between Hisense and HITACHI, Ltd. Together, these partnerships enhance WF International's capabilities and market credibility in delivering high-performance, low-carbon, and intelligent HVAC solutions for residential, commercial, and smart building applications.

Hisense Group's HVAC division has built a reputation for breakthrough innovations in energy-efficient cooling and heating technologies. With manufacturing operations spanning over 160 countries, Hisense brings proven reliability and cutting-edge engineering to WF International's expanding client base across the residential and commercial development sectors.

"Securing distribution rights with Hisense represents another key step in WF International's growth strategy and validates our successful track record in premium brand partnerships," stated Ke Chen, Chief Executive Officer of WF International. "Following our recent Hitachi distributorship achievement, this back-to-back success with another industry leader demonstrates the confidence that top-tier manufacturers place in our capabilities and market expertise. We're already leveraging this expanding capability in our proposal for a residential development, a residence luxury project covering over 100 acres in Hainan. With both Hisense and Hitachi HVAC systems now in our portfolio, offering a range from mainstream to high-end intelligent climate solutions, we are uniquely positioned to meet the diverse needs of customers across various market segments. This multi-tier access enhances our flexibility and competitiveness in securing high-value projects." 

About WF International Limited

WF International Limited specializes in the supply, installation, fitting-out, and maintenance services for HVAC systems, floor heating systems, and water purification systems. With extensive experience serving commercial projects and high-end residential projects throughout Sichuan, China, the Company has established itself as a trusted provider of premium electromechanical solutions.

The Company's portfolio includes installations for HVAC projects such as the International Finance Squares across China, Chengdu Vanke Charm City, Chengdu Raffles Plaza, Chengdu Yinshi Plaza, Chengdu Metro No. Ten Line, and Panzhihua Jinhai Hotel.

Since 2017, WF International has expanded its service offerings to include comprehensive heating and water purification solutions, positioning itself as an integrated supplier of both electromechanical products and installation services for large-scale commercial projects and real estate developer clients that offer high-end fully furnished homes. For more information, please visit the Company's website at https://wf.international.

Forward-Looking Statements

Certain statements in this announcement are forward-looking statements, including, but not limited to, the Company's anticipated use of proceeds of this Offering. Investors can identify these forward-looking statements by words or phrases such as "may," "will," "expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "likely," "potential," and "continue." These statements are based on current expectations and projections about future events that may affect our financial condition, results of operations, business strategy, and financial needs. Actual results may differ materially due to risks and uncertainties, including those in the "Risk Factors" section in the Company's Annual Report on Form 20-F for the fiscal year ended September 30, 2024, filed with the SEC on February 3, 2025 and prospecus for the Company's initial public offering, filed with the SEC on April 1, 2025. These factors include, but are not limited to: the uncertainties related to market conditions, industry growth and competition, supplier and customer dependencies, project execution capabilities, expansion plans, economic and political conditions, and technological changes. Additional factors are discussed in the Company's filings with the SEC, which are available for review at www.sec.gov. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results. Investors should not place undue reliance on forward-looking statements. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.

Investor Relations Contact:
Matthew Abenante, IRC
President
Strategic Investor Relations, LLC
Tel: 347-947-2093
Email: matthew@strategic-ir.com 

-       The airHome series highlights advanced clean air conditioning technologies for home optimal comfort.

SYDNEY, June 26, 2024 /PRNewswire/ -- Johnson Controls-Hitachi Air Conditioning continues to lead the way in sustainable cooling and heating technology by unveiling Hitachi's latest HVAC solutions, reinforcing Hitachi Air Conditioning's commitment to empowering customers to achieve higher energy efficiency and reduced emissions. The new products were unveiled at Australia's biggest HVAC&R and building services event, ARBS 2024 by Temperzone Australia Pty Limited, Johnson Controls-Hitachi Air Conditioning's distributor for Australia and New Zealand.

New technologies have also been introduced into the latest range of Hitachi Air Conditioning products and solutions to improve efficiency and lower indirect emissions in response, helping advance Australia's Plan to reduce hydrofluorocarbon (HFC) emissions to 15% of the baseline level by 2036 as part of its 2030 greenhouse gas reduction target.

The Hitachi air365 Max Pro system sets industry standards with high efficiency, Japanese design, and engineering. Equipped with SmoothDrive 2.0 technology, it ensures precise temperature control and reduces energy consumption by up to 39% at part load. The unique sigma-shaped (Σ) heat exchanger increases heat transfer efficiency, making it a top choice for those prioritising performance and sustainability.

Mr. Guan Yu, Vice President and General Manager of Johnson Controls-Hitachi Air Conditioning for China, Southeast Asia, and the Pacific, emphasised, "Sustainability has always been our top priority in HVAC product technology and innovation. Providing low-carbon HVAC solutions to our customers in Australia and New Zealand is core to our mission as we remain committed to helping all of our customers embrace decarbonisation and combat climate change."

The Hitachi SideSmart™ is the world's first slim modular VRF unit that adapts to space and capacity needs. It offers a maximum combined cooling capacity of 152 kW, and its slim, modular concept allows larger capacity air conditioning to be achieved almost anywhere, making it one of the most versatile VRF units on the market and the ideal solution for retrofitting.

The Hitachi airCore 700, the flagship light commercial split system range, delivers cooling and heating performance while showcasing a wide capacity range and efficient operation in diverse ambient temperatures, guaranteeing uncompromised comfort. Utilising R32, a low global warming potential (GWP) refrigerant, the airCore 700 split systems offer improved energy efficiency and reduced emissions, allowing for smaller, more compact air conditioning systems that require less refrigerant overall.

Introducing the Hitachi airHome 400 and 600 series, now available for residential use. These sleek air conditioners feature the ViroSenseZ1 air purification filter, which effectively neutralises most viruses and bacteria that pass through the filter. The airHome series includes the FrostWash self-cleaning technology. The airHome 600 series features the AQtiv-Ion for enhanced air quality, an intelligent motion sensor for eco mode, and Wi-Fi enabled with the airCloud Go app.

For more information, please visit: www.hitachiaircon.com.au

BANDUNG, Indonesia, Nov. 14, 2025 /PRNewswire/ -- Trane – by Trane Technologies plc (NYSE:TT), a global climate innovator, has announced the launch of the Trane Future Climate Engineers Scholarship program in Indonesia. In partnership with Politeknik Negeri Bandung (POLBAN) and local non-governmental organization Yayasan Generasi Cerdas Iklim (GCI), the program will provide comprehensive support to outstanding students in POLBAN's Refrigeration and Air Conditioning Engineering department. This initiative aims to nurture the next generation of HVAC professionals, empowering them to become agents of innovation and expand their career pathways through financial assistance, specialized technical training, and leadership development.

"Our commitment extends beyond technological innovation to include fostering the talent that will lead our industry into a sustainable future," said Steven Lim, Country Leader of Trane Indonesia." This scholarship is an investment in the careers of these bright young professionals, equipping them with the technical expertise and leadership skills essential for future success. By empowering them, we are contributing to the long-term resilience of Indonesia's HVAC sector and drive progress toward sustainable development."

The program directly addresses a critical skills gap in Indonesia. As the nation experiences rapid urbanization and increasing demand for climate adaptation solutions, the HVAC industry requires a pipeline of skilled professionals who can design and implement energy-efficient systems. To create a vital bridge between academic learning and professional practice, the program will identify a group of high-potential students from POLBAN, providing each with financial support to pursue their studies, participate in specialized training, and gain hands-on industry experience.

The curriculum, co-developed by Trane experts and GCI, includes periodical online training sessions covering advanced HVAC topics and sustainable engineering, supplemented by an intensive in-person leadership workshop. Students will benefit from direct mentorship with Trane professionals and gain access to valuable post-graduation opportunities, such as support for internships and job placements.

"We are deeply grateful for this partnership with Trane and GCI," said Iwan Ridwan, S.T., M.T., Ph.D., Vice Director for Academic Affairs of POLBAN. "This program provides our students with a direct connection to the industry, enriching their academic journey with practical expertise and mentorship from a global leader. It is an invaluable opportunity that will inspire and equip them to become innovators and leaders in the field of sustainable HVAC and refrigeration."

"We are honored to partner with Trane and POLBAN to tackle the talent challenges facing Indonesia's HVAC and refrigeration industry," said Ikrom Mustofa, S.Si., M.Sc., Founder and Advisor of GCI. "By providing structured training and investing in essential resources, we are not only alleviating the financial burdens of student, but also building a clear pathway from the classroom to a career, ensuring a steady supply of skilled talent for Indonesia's green future."

The partnership was formalized at a signing ceremony attended by leaders from all three organizations. This initiative is a key component of Trane Technologies' corporate citizenship strategy, Sustainable Futures, which is part of the company's 2030 Sustainability Commitment. Through Sustainable Futures, Trane Technologies is committed to investing $100 million and contributing 500,000 employee volunteer hours worldwide by 2030 to expand access to STEM education and pathways to green careers.

About Trane

Trane – by Trane Technologies, a global climate innovator – is the building technology and energy solutions company providing individualized, right-sized, and forward-looking solutions for commercial and industrial applications. We help customers succeed by providing innovative solutions that optimize indoor environments through a broad portfolio of indoor environment and climate solutions, energy and sustainability services, and building automation systems.

About Trane Technologies

Trane Technologies is a global climate innovator. Through our strategic brands Trane® and Thermo King®, and our portfolio of environmentally responsible products and services, we bring efficient and sustainable climate solutions to buildings, homes and transportation. Visit tranetechnologies.com.

"ARBS is the perfect platform for PHNIX to engage with industry professionals from various sectors, including heating, air conditioning, and refrigeration," comments Peter Wang, general manager of PHNIX's overseas business. "We look forward to meaningful discussions with global experts and leveraging this platform to enhance our industry presence."

At Stand 126 in the ARBS expo, PHNIX will present advanced heat pump solutions tailored to the Australian market. The showcase products are as follows:

1. The R290 Everest Series, a residential heating, cooling, and hot water solution, stands out with its premium design, energy efficiency, and compatibility with the functionality to connect to the solar power systems. With a SCOP above 5.1, as per EN 14825/EN14511 standards, this series ensures year-round operational efficiency.

2. The R290 HeatGreen Series is a commercial heat pump solution designed for diverse applications, including hotels, hospitals, sports facilities, large-scale constructions, commercial malls, and manufacturing plants. This versatile and energy-efficient solution can cater to the heating and cooling needs of a broad range of commercial settings.

3. The R290 HeatMaster Series addresses the commercial hot water requirements, providing an efficient alternative to traditional gas boilers for domestic and commercial use. This high-temperature heat pump offers a reliable and eco-friendly solution for hot water supply.

Visitors to Stand 126 will get a firsthand look at PHNIX's heat pump technology. The innovative solutions are not only designed to meet the demands of the Australian market but also to contribute to a more sustainable future.

Visitors to Stand 126 will get a firsthand look at PHNIX's heating and cooling technology. The innovative solutions are not only designed to meet the demands of the Australian market but also to contribute to a more sustainable future.

About PHNIX

As the leading heat pump manufacturer in China, PHNIX is an international enterprise specializing in the R&D and production of heat pumps and energy-saving solutions. Almost 50% of PHNIX products are exported to Europe, North America, and other overseas markets. To learn more about PHNIX and its products, please visit www.phnix-e.com.

SINGAPORE, Nov. 26, 2025 /PRNewswire/ -- The Hitachi Cooling & Heating^[1] brand by the Bosch Home Comfort Group today announced its new state-of-the-art chiller solutions for large-capacity data centres — the S Series, VG Series and VM Series. As Southeast Asia's data centre expansion continues to accelerate, these centrifugal chillers set a new standard for reliability, energy efficiency, power usage effectiveness (PUE) and overall sustainability.

The new chillers^[2] stand out for the ability to restart in just 35 seconds after a power failure, ensuring continuous operation. The company's Direct Drive Inverter Technology auto-adjusts cooling based on demand and seasonal temperatures, delivering optimal performance, improved energy efficiency, and lower operating costs. The chillers also use low-GWP refrigerants — such as R513A, R1233zd and R1234ze — to support sustainable cooling. Anti-surge technology further enhances reliability across applications.

Mr. Tan Kok Choon, Southeast Asia Sales General Manager for Hitachi Cooling & Heating, remarked: "As Southeast Asia emerges as a global data centre hub, we've received inquiries regarding limited water and electricity resources in the region. In response, our high-efficiency chillers feature advanced compressors and heat exchangers to reduce energy consumption. For water conservation, especially in coastal areas, we offer condenser options — such as copper-nickel, titanium, and stainless-steel tubes — that enable seawater cooling. This minimises freshwater use and avoids reliance on less efficient air-cooled systems, lowering overall electricity consumption."

Maximizing efficiency in Southeast Asia's rapid data centre development

The data centre market in Southeast Asia is experiencing unprecedented growth. The US-ASEAN Business Council projects demand to rise at a 20% CAGR by 2028, while the ASEAN Climate Change and Energy Project estimates the market will reach USD 11.80 billion by 2030. This surge highlights the urgent need for energy efficiency, with chillers playing a key role in maintaining optimal temperatures and cooling performance.

New state-of-the-art HVAC solutions for data centre sustainability

Hitachi S, VG and VM Series chillers offer efficient cooling of up to 13.8 ACCOP. Patented technology improves motor and compressor efficiency, while low-GWP refrigerants further reduce environmental impact.

S Series chillers, featuring a single compressor up to 3,500RT, integrate two-stage compressors and Variable Frequency Drive technology for enhanced cooling precision and energy efficiency.

VG Series uses a high-speed motor with a direct two-stage impeller drive that improves efficiency by 1.5% for motors and 4% for compressors. Built for 24/7 reliability, it restarts automatically within a minute after up to five voltage drops, making it ideal as a cooling solution for mission-critical data centres.

VM Series features an oil-free design with magnetic levitation bearings, offering high efficiency through reduced friction, enhanced reliability by eliminating oil-related failures, and lower maintenance requirements due to minimal component wear.

Precision cooling with VRF Systems

To address specific needs like humidity control in server rooms and enhanced comfort in office spaces, Hitachi VRF (Variable Refrigerant Flow) Systems offer simplified maintenance and seamless integration, complementing traditional chillers. These deliver precise temperature control, superior energy efficiency via SmoothDrive®, and flexible indoor unit configurations to suit diverse office and infrastructure cooling requirements.

Case studies: Reliable HVAC solutions for critical data centre needs

A top US cloud provider expanding in Hong Kong chose Hitachi VG Series chillers due to their energy efficiency and 24/7 operational reliability, particularly the rapid auto-restart feature. In Indonesia, a leading Japanese technology provider adopted the Top Flow VRF air365 Max series because of its fast restart, delivering precise control and seamless integration for compact data centres.

Find out more and connect with us here for a demo. 

The Bosch Home Comfort Group is a global provider of efficient heating, ventilation, and air conditioning (HVAC) solutions with an innovative product portfolio adapted to regional needs. Following the acquisition of the residential and light commercial HVAC business from Johnson Controls and the Johnson Controls-Hitachi Air Conditioning Joint Venture in August 2025, the company unites a comprehensive portfolio of global and regional brands, including Bosch, Buderus, Hitachi, and YORK®. The Bosch Home Comfort Group employs more than 25,000 people worldwide and has a strong market presence in America, Asia, and Europe / Middle East / Africa, with a global network of 33 production sites and 26 development centers (including minority interests). With the acquisition, the Bosch Home Comfort Group almost doubles in size to more than eight billion euros in sales.

For more information, visit www.bosch-homecomfortgroup.com

• Transaction accelerates the company's transformation as a pure-play provider of innovative building solutions

CORK, Ireland, Aug. 1, 2025 /PRNewswire/ -- Johnson Controls International plc (NYSE: JCI), a global leader for smart, safe, healthy and sustainable buildings, today announced it has completed the sale of its Residential and Light Commercial (R&LC) HVAC business in an all-cash transaction to the Bosch Group.

"The completion of this transaction is an important milestone for Johnson Controls and positions our company as a leading pure-play provider of innovative building solutions," said CEO Joakim Weidemanis. "Johnson Controls is embarking on its next era, and I'm confident in our ability to reach our full potential as a faster-growing, more profitable, technology-based and service-enabled company. I look forward to the journey ahead as we transform our industry for years to come and work together to deliver even greater value for our customers, team members and shareholders."

Weidemanis continued, "I want to thank the Residential and Light Commercial HVAC team for their service and dedication and wish them the best of success as they join the Bosch Group."

As previously announced, the total transaction is valued at $8.1 billion and the company's portion of the consideration is approximately $6.7 billion. Net cash proceeds to Johnson Controls were approximately $5.0 billion after tax and transaction-related expenses.

The transaction includes the North America ducted business as well as the global residential joint venture with Hitachi, Ltd. As part of the transaction, Hitachi has retained certain ductless HVAC assets located in Shimizu, Japan.

Consistent with its capital allocation policy, Johnson Controls expects to return a portion of the net proceeds of the transaction to shareholders through the implementation of a $5.0 billion accelerated share repurchase program expected to commence in the coming weeks pursuant to its previously announced share repurchase authorization (with current overall availability of $9.8 billion).

Advisors

Centerview Partners and Citi served as financial advisors to Johnson Controls, Simpson Thacher served as legal advisor, and Joele Frank served as investor relations advisor.

JOHNSON CONTROLS INTERNATIONAL PLC CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS

Johnson Controls International plc ("Johnson Controls") has made statements in this communication that are forward-looking and therefore are subject to risks and uncertainties. All statements in this communication other than statements of historical fact are, or could be, "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. In this communication, statements regarding Johnson Controls' sale of the R&LC business and future share repurchase activity are forward-looking statements. Words such as "may," "will," "expect," "intend," "estimate," "anticipate," "believe," "should," "forecast," "project" or "plan" and terms of similar meaning are also generally intended to identify forward-looking statements. However, the absence of these words does not mean that a statement is not forward-looking. Johnson Controls cautions that these statements are subject to numerous important risks, uncertainties, assumptions and other factors, some of which are beyond its control, that could cause its actual results to differ materially from those expressed or implied by such forward-looking statements, including, among others, risks related to: Johnson Controls' ability to manage macroeconomic and geopolitical volatility, including changes to laws or policies governing foreign trade, including tariffs, economic sanctions, foreign exchange and capital controls, import/export controls or other trade restrictions as well as any associated supply chain disruptions; the ability of Johnson Controls to manage general economic, business and capital market conditions, including the impacts of trade restrictions, recessions, economic downturns and global price inflation; Johnson Controls' ability to develop or acquire new products and technologies that achieve market acceptance and meet applicable quality and regulatory requirements; the ability of Johnson Controls to execute on its operating model and drive organizational improvement; Johnson Controls' ability to successfully execute and complete portfolio simplification, as well as the possibility that the expected benefits of such actions will not be realized or will not be realized within the expected time frame; the ability to innovate and adapt to emerging technologies, ideas and trends in the marketplace, including the incorporation of technologies such as artificial intelligence; fluctuations in the cost and availability of public and private financing for Johnson Controls' customers; the ability to manage disruptions caused by international conflicts, including Russia and Ukraine and the ongoing conflicts in the Middle East; managing the risks and impacts of potential and actual security breaches, cyberattacks, privacy breaches or data breaches, maintaining and improving the capacity, reliability and security of Johnson Controls' enterprise information technology infrastructure; the ability to manage the lifecycle cybersecurity risk in the development, deployment and operation of Johnson Controls' digital platforms and services; fluctuations in currency exchange rates; the ability to hire and retain senior management and other key personnel; changes or uncertainty in laws, regulations, rates, policies, or interpretations that impact Johnson Controls' business operations or tax status; the ability to adapt to global climate change, climate change regulation and successfully meet Johnson Controls' public sustainability commitments; the outcome of litigation and governmental proceedings; the risk of infringement or expiration of intellectual property rights; Johnson Controls' ability to manage disruptions caused by catastrophic or geopolitical events, such as natural disasters, armed conflict, political change, climate change, pandemics and outbreaks of contagious diseases and other adverse public health developments; any delay or inability of Johnson Controls to realize the expected benefits and synergies of recent portfolio transactions; the tax treatment of recent portfolio transactions; significant transaction costs and/or unknown liabilities associated with such transactions; labor shortages, work stoppages, union negotiations, labor disputes and other matters associated with the labor force; and the cancellation of or changes to commercial arrangements. A detailed discussion of risks related to Johnson Controls' business is included in the section entitled "Risk Factors" in Johnson Controls' Annual Report on Form 10-K for the fiscal year ended September 30, 2024 filed with the SEC on November 19, 2024, which is available at www.sec.gov and www.johnsoncontrols.com under the "Investors" tab. The description of certain of these risks is supplemented in Item 1A of Part II of Johnson Controls' subsequently filed Quarterly Reports on Form 10-Q. Shareholders, potential investors and others should consider these factors in evaluating the forward-looking statements and should not place undue reliance on such statements. The forward-looking statements included in this communication are made only as of the date of this communication, unless otherwise specified, and, except as required by law, Johnson Controls assumes no obligation, and disclaims any obligation, to update such statements to reflect events or circumstances occurring after the date of this communication.

About Johnson Controls: 

At Johnson Controls (NYSE:JCI), we transform the environments where people live, work, learn and play. As the global leader in smart, healthy and sustainable buildings, our mission is to reimagine the performance of buildings to serve people, places and the planet.

Building on a proud history of 140 years of innovation, we deliver the blueprint of the future for industries such as healthcare, schools, data centers, airports, stadiums, manufacturing and beyond through OpenBlue, our comprehensive digital offering.

Today, Johnson Controls offers the world`s largest portfolio of building technology and software as well as service solutions from some of the most trusted names in the industry.

Visit www.johnsoncontrols.com for more information and follow @Johnson Controls on social platforms.

SEOUL, South Korea, April 3, 2025 /PRNewswire/ -- LG Electronics (LG) has supplied its state-of-the-art Multi V™ i, a variable refrigerant flow (VRF) solution featuring an advanced AI engine, to a newly constructed 59,800-square-meters logistics center in the Singapore's Tuas area. This milestone project underscores LG's commitment to expanding its heating ventilation and air conditioning (HVAC) business in Southeast Asia.

To achieve the highest level of the Building and Construction Authority's Green Mark certification program – specifically the Green Mark Platinum (Super Low Energy) rating – the logistic center required an exceptionally efficient and comprehensive HVAC solution. LG distinguished itself by presenting a tailored package that optimally meets the client's specific needs. To further enhance the already outstanding performance and energy efficiency of the Multi V i, LG integrated its proprietary inverter compressor and a larger heat exchanger.

LG Multi V i intelligently adapts to environmental conditions, optimizing operation while minimizing unnecessary energy consumption. It incorporates LG's industry-leading HVAC innovations, including HiPOR™ (High Pressure Oil Return) technology, which ensures peak efficiency during part-load operation by improving operational stability, even in challenging conditions. The heat exchanger, enlarged by over 10 percent, accelerates cooling and heating response times, while dual inverter compressors promote increased durability, energy savings and overall efficiency. Moreover, LG's proprietary energy management tools, including real-time Coefficient of Performance monitoring, provide actionable insights to help building operators reduce HVAC energy consumption without sacrificing performance.

As Singapore strengthens its position as a key regional and global logistics hub – with transportation and storage accounting for over 10 percent of its GDP as of 2022 – the demand for energy-efficient solutions in large-scale logistics operations is steadily increasing. LG estimates that the HVAC market for logistics centers in Singapore is valued at approximately USD 25 million annually, with further growth expected in the coming years. By supplying its advanced Multi V i system, LG is well positioned to accelerate its HVAC expansion across Southeast Asia, where sustainability-focused building initiatives are gaining traction in countries such as Indonesia and Malaysia.

"Precise Development Pte Ltd is thrilled to collaborate with LG to deliver this best-in-class facility," said Mr. Peh Chong Eng, Group CEO of Precise Development Pte Ltd. "LG's cutting-edge technology, combined with their attention to detail and responsiveness to our needs, sets them apart from other equipment suppliers. We highly recommend LG air solutions for any project."

"Fidecs is proud to achieve the BCA Green Mark 2021 Platinum Super Low Energy certification by integrating LG's high-efficiency VRF system," said Ervin Chng, Director of Business Development at Fidecs Engineering Pte Ltd. "This milestone demonstrates our commitment to sustainable building solutions and sets a new benchmark for energy efficiency in Singapore."

"LG Multi V i exemplifies our dedication to creating innovative, energy-efficient solutions that address the changing needs of our clients," said Jaeseung Kim, Regional CEO of LG Electronics Asia Pacific. "Aligned with Singapore's Green Mark certification and the growing sustainability initiatives in Southeast Asia, including Indonesia and Malaysia, we are committed to pursuing HVAC opportunities tailored to the specific needs of the region."

About LG Electronics Eco Solution Company

The LG Eco Solution Company (ES) offers advanced air conditioning solutions, including chillers, for diverse sectors and climates. Committed to exceptional HVAC performance, the ES Company enhances comfort and health with innovative air care products. Leveraging deep industry expertise, it offers digitalized HVAC solutions designed to lower environmental impact. As a trusted partner, the company integrates cutting-edge technology into daily operations while offering ongoing support. Beyond HVAC, the ES Company also leads LG's electric vehicle charging business, driving B2B growth in the clean tech sector – one of LG's key future areas. For more information, please visit www.lg.com/global/business/hvac and www.LG.com/b2b.

SINGAPORE, Sept. 11, 2023 /PRNewswire/ -- Delta Electronics, a global leader in power and building automation solutions, is thrilled to announce its participation in the highly anticipated 2nd Air-Conditioning, Refrigeration and Ventilation Exhibition 2023, Malaysia (MARVEX) 2023. The event, scheduled to take place from 6 to 9 September, was held at Kuala Lumpur Convention Centre in Malaysia. Delta showcased its comprehensive building automation solution, for industrial automation Heating, Ventilation and Air Conditioning (HVAC) application, energy infrastructure and data centre solutions.

"We are excited to participate in MARVEX 2023 and showcase how our innovative solutions can be fully integrated to create smart, healthy and green buildings," said Mr. David Leal, Vice President of SEA Business. "Delta Electronics is committed to empowering our customers with innovative, sustainable and human-centric solutions. We look forward to engaging with industry professionals, discussing emerging trends, and forging valuable partnerships during this exhibition." 

As a regional frontrunner in the industry, Delta has consistently delivered advanced technologies that empower businesses to optimize operational efficiency, enhance productivity, and minimize energy consumption. Delta's commitment to sustainability and eco-friendly practices drives it to spearhead ground-breaking innovations that address the challenges related to carbon reduction and energy efficiency shaping today's industrial landscape.

At MARVEX 2023, Delta presented a comprehensive portfolio of solutions specifically designed to meet the needs of the building automation sector. Delta's building automation solutions revolve around the idea of promoting building management efficiency and ensuring occupant wellness in environmentally friendly buildings. Delta's intelligent community solutions provide a crucial platform for integrated communication across various systems, encompassing data transmission, visualization, and analysis tasks. This platform facilitates seamless interaction between subsystems, fostering system interoperability and ultimately enabling the realization of smart community management objectives.

Visitors to the Delta Electronics booth had the opportunity to watch live demonstrations on how the iBMS Smart Building Management System provides intelligent monitoring and efficiency analysis for various systems like HVAC, lighting, energy management, access control, and more, within a 3D Building Information Modeling (BIM) framework. These solutions integrate seamlessly to create smart, energy-efficient buildings that enhance occupants' comfort and well-being while optimizing resource utilization.

In addition, Delta also showcased its state-of-the-art industrial automation solutions at the tradeshow. These green solutions encompass a range of manufacturing applications tailored to specific industries.

Finally, Delta shared its expertise in energy infrastructure and data centre solutions in line with the global shift towards renewable energy sources and sustainable practices. Delta showcased how EV chargers, energy storage system and DeltaGrid technology can drive the region's energy transition. For data centre solutions, Delta featured a new generation of containerized data centres with flexible power and cooling designs, quick deployment and scalable capacity for implementation anywhere. Attendees can enjoy the opportunity to learn how Delta holistically paves the way for a greener, more resilient future.

About Delta Electronics Int'l (Singapore)

The company is a wholly owned subsidiary of Delta Electronics, Inc. Delta, founded in 1971, is a global provider of switching power supplies and thermal management products with a thriving portfolio of smart energy-saving systems and solutions in the fields of industrial automation, building automation, telecom power, data center infrastructure, EV charging, renewable energy, energy storage and display, to nurture the development of smart manufacturing and sustainable cities. As a world-class corporate citizen guided by its mission statement, "To provide innovative, clean and energy-efficient solutions for a better tomorrow," Delta leverages its core competence in high-efficiency power electronics and its CSR-embedded business model to address key environmental issues, such as climate change. Delta serves customers through its sales offices, R&D centers and manufacturing facilities spread over close to 200 locations across 5 continents.

Throughout its history, Delta has received various global awards and recognition for its business achievements, innovative technologies and dedication to CSR. Since 2011, Delta has been listed on the DJSI World Index of Dow Jones Sustainability™ Indices for 8 consecutive years. In 2017, Delta was selected by CDP (formerly the Carbon Disclosure Project) for its Climate Change Leadership Level for the 2nd consecutive year.

For detailed information about Delta, please visit: www.deltaww.com

Zhang Qiyun, head of Amercican Market from GMCC & Welling, commented on GMCC & Welling's presence on AHR Expo again this year, that "the one-stop HVAC and refrigeration portfolio and solutions we are bringing to AHR Expo today are industry-leading not only in terms of energy efficiency and reliability, but also in noise level control. Our users will be enabled to enjoy a more comfortable and quiet experience."

According to Zhang, GMCC & Welling listens closely to the customer feedbacks from the North American market on environmental protection, energy efficiency, and noise level control, and follows the consumers' voice to guide products R&D and upgrading. Meanwhile, GMCC & Welling continues its localized operation management and localized pre-sale and after-sale service capabilities, with attentions to local cultural and economic characteristics, and is committed to becoming a trusted partner for global customers.

At AHR Expo 2024, GMCC & Welling proudly presented a variety of innovative fixed-speed scroll compressors and commercial ECM motors, meeting the needs of appliance companies and consumers with high performance on efficiency, energy saving, and noise control.

• GMCC fixed-speed scroll compressor can be used in American air duct machines, commercial air conditioners, refrigeration and heat pumps. The cooling capacity can match 11,362 W and 18,411 W for different residential needs. It uses R454B environmentally friendly refrigerant with industry-leading energy efficiency, noise control, and shock absorption capability. It has highly reliable performance leveraging its stable and accurate coaxiality process capabilities combined with multiple built-in protections.
  
  
• Welling ECM motors can be used in American air duct machines and heat pumps. Equipped with frequency conversion technology, the motors are upgraded to be more efficient and energy-saving. In particular, the plastic-encapsulated ECM motors has a high stability leveraging constant torque and 6000V surge protection and the iron-shell ECM motors has an efficiency of up to 85%, a torque control accuracy of ±3%, and a noise reduction design that can control noise to be under 48 decibels, providing the ultimate quiet environment for our customers to enjoy.

With the increasing demand for HVAC and refrigeration, it is predicted that the global HVAC control system market size will jump to US$34.6 billion by 2030, with North America being the second largest market in the world after Asia Pacific. To meet the increasingly diversified market demands, GMCC & Welling have integrated core components such as compressors and motors to create system-level solutions that fully cover residential, light commercial, and automotive scenarios to showcase its one-stop full-scenario portfolio and solutions to its global customers.

GMCC & Welling is actively developing its global market and enhancing its globalized manufacturing footprint, serving global customers. With the successive commissioning of manufacturing bases in Thailand and India, GMCC & Welling now owns 7 R&D centers globally and 11 smart factories worldwide, consolidating and improving its R&D capabilities and supply chain reliability for the world.

About Midea Industrial Technology

Midea Industrial Technology takes science and technology as the core driving force. With core technology leadership in "green energy" and "core industry components", Midea Industrial Technology creates better life for billions of end users worldwide with green, efficient and intelligent products and technologies via a number of brands, including GMCC, Welling, CLOU, Hiconics, Servotronix, , MR, Motivona, MSCT, Toshiba, and Sunye.

Up to now, Midea Industrial Technology has built 26 smart factories worldwide and 28 R&D centers in China, India, and Japan, with an accumulation of more than 5,600 licensed patents. With an annual R&D investment of over 1 billion RMB, the company continues to invest in core and cutting-edge technologies for high-precision components for compressors, motors, chips, valves, reducers, auto parts, motion control and automation, HV and LV converters, energy storage and heat dissipation.

Embracing the vision of Technology drives everything, Midea Industrial Technology is committed to supporting a highly efficient, reliable, green, innovative and open industrial environment around the world with the power of technological innovation.

Website: https://industry.media.com