Tecumseh Products Company manufactures hermetically sealed compressors for residential and specialty air conditioning, household refrigerators and freezers, and commercial refrigeration applications. The company’s products include air conditioning and refrigeration compressors, as well as condensing units, heat pumps and complete refrigeration systems. The company sells compressors for three primary applications: commercial refrigeration, including walk-in coolers and freezers, ice makers, dehumidifiers, water coolers, food service equipment and refrigerated display cases and vending machines; household refrigerators and freezers; and residential and specialty air conditioning and heat pumps, including window air conditioners, packaged terminal air conditioners and recreational vehicle and mobile air conditioners. Its products are sold to original equipment manufacturers (OEMs) and authorized wholesale distributors. Compressor Product Lines The company’s lines of compressors include reciprocating piston models ranging from 145 to 1,100 BTU/hour used in household refrigerators and freezers; reciprocating piston models ranging from 250 to 81,000 BTU/hour used in commercial refrigeration applications, such as ice makers, vending machines, food service equipment, display cases and refrigerated walk-in coolers and freezers; rotary compressors ranging from approximately 5,000 to 32,000 BTU/hour used in stationary and mobile air conditioning applications; and scroll compressors ranging from 9,000 to 120,000 BTU/hour that are designed specifically for demanding commercial refrigeration applications. The company also produces variable speed compressors for a range of mobile cooling applications utilizing battery and solar power, including military, medical, telecommunications, aircraft, transportation and automotive applications. Its compressors use refrigerants for different applications, including hydrocarbon refrigerants. The company also produces sub-assemblies and complete refrigeration systems that use compressors as components. Such products include indoor and outdoor condensing units, multi-cell units and complete refrigeration systems that use both single speed and variable speed AC/DC powered compressors. These products are sold to both OEMs and authorized wholesale distributors. The company offers two major new products: the TA Mini and the AE2 Midi compressors. The TA Mini compressor platform is for use in household refrigeration and freezer applications, and the AE2 Midi compressor platform is for use in commercial refrigeration applications. Sales and Marketing The company markets compressor and condensing unit products under the following brand names: Tecumseh, Masterflux, Silensys, Celseon, and Vector. The company sells products in 103 countries primarily through own sales staff, as well as independent sales representatives and authorized wholesale distributors. A substantial portion of sales of compressor products for room air conditioners and for household refrigerators and freezers are to OEMs. Customers The company has approximately 1,600 customers compressors and condensing units. In 2013, the company’s major customers included Electrolux and Whirlpool Corporation. Research and Development The company spent approximately $14.7 million on research activities relating to the development of new products and the development of improvements to existing products. Competition In the U.S. and Europe specialty air conditioning compressor markets, the company competes primarily with two manufacturers: Emerson/Copeland Corporation and Danfoss, Inc. History Tecumseh Products Company was founded in 1930.
tecumseh products co (TECU:NASDAQ GS)
5683 Hines Drive
Ann Arbor, MI 48108
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