January 21, 2017 10:55 AM ET

Machinery

Company Overview of Carrier Corporation

Company Overview

Carrier Corporation provides heating, air-conditioning, and refrigeration solutions. It offers home comfort systems ranging from furnaces and central air conditioners to heat pumps and ductless systems; a range of air quality solutions, including humidifiers, ventilators, ultraviolet lamps, air filters, and monitors; and solutions for heating, air conditioning, building automation, and energy services for the building lifecycle. The company also provides transport refrigeration equipment, cold chain monitoring solutions, and replacement components for food supply and other perishable cargo; and commercial refrigeration products, such as service counters, refrigerated multidecks and semi-vert...

One Carrier Place

Farmington, CT 06034-4015

United States

Founded in 1915

Phone:

860-674-3000

Fax:

860-674-3139

Key Executives for Carrier Corporation

Senior Vice President of Operations
Compensation as of Fiscal Year 2016.

Carrier Corporation Key Developments

Carrier Corporation Launches New AquaEdge 19DV Centrifugal Chiller with Environmentally Sustainable Refrigerant

Carrier Corporation launched its latest innovation, the new AquaEdge 19DV centrifugal chiller with Greenspeed intelligence and PUREtec low Global Warming Potential (GWP) refrigerant. The new product, which was previewed at the China Refrigeration Expo earlier in the year 2016, was unveiled at Shanghai Yileng Carrier Air Conditioning Equipment Company Limited. The technology is now commercially available and delivers on customer demands for performance, efficiency and environmental responsibility, due in part to the use of environmentally sustainable refrigerant R1233zd(E), which has a GWP of 1.34. The AquaEdge 19DV features advancements in refrigeration, mechanical design, aerodynamics and heat transfer to provide efficiency improvements of up to 7.0 COP full-load and 11.8 IPLV.IP as rated in accordance with and certified by AHRI 550/590-2015 at standard rating conditions. In particular, the back-to-back compressor offers compression efficiency with an optimized design and simultaneously cuts down 75% of the mechanical transmission loss by using a high-speed direct driven motor, as compared to that driven by gears. Equipped with company’s PIC5+ intelligent controls, and integrated with the Carrier lifecycle data management system, the AquaEdge 19DV allows users to easily track and analyse the chiller’s operational data which helps to identify potential risks or areas for upgrading. The control system can also be linked to the user’s building automation system, enabling remote access to the chiller’s running data in real time.

Carrier to Cut 600 Union Jobs; to Relocate Fan Coil-Making Production to Monterrey, Mexico

Carrier has not asked workers to take cuts in pay or benefits, allaying at least one fear for those who will stay with the company. But Carrier still plans to lay off 600 workers in Indianapolis, leaving the west-side furnace factory with just 730 union jobs. Carrier will relocate its fan coil-making production to Monterrey, Mexico, the company confirmed. Chuck Jones, the union president, expects those 600 layoffs to happen in mid-2017. Once the layoffs are completed, Carrier's Indianapolis plant will have about 800 manufacturing workers, in addition to about 300 engineering employees. The company announced earlier in 2016 that it would keep the engineering jobs in the U.S.

Carrier Corp. to Close its Indianapolis Plant

Carrier Corp. planed to close its Indianapolis plant.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
November 30, 2016
Carrier Enterprise Northeast, LLC
Private Placement
November 30, 2016
Muddy Boots Software Limited
Merger/Acquisition
May 31, 2016
AHI Carrier (Australia) Pty Ltd
 

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