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. Products range from fractional horsepower reciprocating compressors used in small refrigerators and dehumidifiers to large reciprocating, rotary and scroll compressors used in commercial air conditioning and refrigeration systems. The company offers water coolers, refrigerated display cases, window air conditioners, packaged terminal air conditioners, and recreational vehicle. 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; scroll compressors ranging from 28,000 to 120,000 BTU/hour that are designed specifically for demanding commercial refrigeration applications; and semi-hermetically sealed compressors ranging from 24,000 to 360,000 BTU/Hour. The company produces variable speed compressors for various mobile cooling applications that utilize DC power (such as battery and/or solar power). Its compressors use various refrigerants, including hydrocarbon refrigerants, for different applications. The company also produces sub-assemblies and complete refrigeration systems using its compressors as components. Such products include indoor and outdoor condensing units, multi-cell condensing units and complete refrigeration systems that use both single speed and variable speed AC and/or DC powered compressors. Sales and Marketing The company markets its compressor and condensing unit products under various brand names, such as Tecumseh, Masterflux, Silensys, Celseon, Vector and Wintsys. It sells its products in 97 countries primarily through its own sales staff, as well as independent sales representatives and authorized wholesale distributors. A substantial portion of the company’s sales of compressor products for room air conditioners and for household refrigerators and freezers are to original equipment manufacturers. A substantial portion of its sales of compressor products for unitary residential air conditioning systems and commercial refrigeration applications are to both original equipment manufacturers and authorized wholesale distributors. Customers The company has approximately 1,600 customers for compressors and condensing units. The majority of its customers are for commercial refrigeration products, while its customer base for household refrigeration and freezer (R&F) applications is much more concentrated. In 2014, the company’s major customers, AB Electrolux and its affiliates; and Whirlpool Corporation, both of whom were primarily R&F customers, accounted for 6.3% and 5.9%, respectively of consolidated net sales. Research and Development For the year ended December 31, 2014, the company spent approximately $14.3 million on research and development 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 Emerson/Copeland Corporation, Danfoss, Inc., LG, Panasonic Corporation and Rechi. 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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