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Carrier Global Corporation reports developments across intelligent climate and energy solutions, including HVAC equipment, air quality, temperature control and transportation refrigeration. Company news commonly covers operating results, order trends, shareholder returns, sustainability recognition and presentations at industrials conferences.
Recurring updates also include Carrier Ventures activity tied to thermal management, data center liquid cooling and European heat pump adoption. The company’s releases describe product and service themes across commercial and residential climate systems, transportation cold chain applications, and energy-efficient building and infrastructure solutions.
Carrier Global Corporation (NYSE: CARR) has announced a strategic long-term agreement with Danfoss, joining the Carrier Alliance program. Danfoss will supply components such as compressors and valves for Carrier's HVAC and Refrigeration portfolios, including Carrier-branded replacement compressors. This partnership aims to enhance technology and reduce environmental impact, notably through the use of advanced R32 refrigerant chillers that cut greenhouse gas emissions by up to 77%. The collaboration promises to optimize the supply chain and foster future innovations in energy efficiency.
Carrier Global Corporation (NYSE: CARR) announced that Granges Americas, Inc. has joined its Carrier Alliance program and signed a long-term agreement to supply aluminum foil products for Carrier's HVAC and Refrigeration lines in North America. This collaboration enhances Carrier's supply chain and optimizes cost savings, ensuring a steady supply of high-performance materials essential for their products. With over 10 years of partnership, Granges is set to continue delivering quality aluminum products, marking a win-win for both companies.
Carrier Global Corporation (NYSE: CARR) announced the successful launch of its BluEdge service platform, achieving 1,000 signed service agreements within six months. The service, originally available in North America and Asia, now extends to Commercial HVAC customers in the Middle East and Europe. Carrier anticipates a 30% conversion rate in Commercial HVAC this year, driven by tailored service offerings. Additionally, the company completed a pilot for its Condition Based Maintenance program, boasting a 30% reduction in equipment alarms and plans to expand it across 10,000 stores in Europe by the end of 2023.
Carrier Global Corporation (NYSE: CARR) announced that Wabash Plastics has joined the Carrier Alliance program and signed a strategic long-term agreement. Wabash will supply injection molded components for Carrier's Residential HVAC products, reinforcing their two-decade relationship. This partnership aims to optimize the supply chain, enhance cost savings, and ensure quality service. The collaboration supports Carrier's high-efficiency gas furnaces and heating systems, which appeal to homeowners looking to reduce energy costs and environmental impact.
Carrier Global Corporation (NYSE:CARR) announced a 50% increase in its quarterly dividend, raising it from $0.08 to $0.12 per share. This dividend will be payable on February 10, 2021, to shareholders of record by the close of business on December 23, 2020. Carrier's President & CEO, Dave Gitlin, highlighted that the increase reflects confidence in the company's performance and balanced capital deployment, along with a significant $1.5 billion debt repayment. Carrier continues to focus on growth and sustainability in building solutions.
Carrier Global Corporation (NYSE: CARR) has signed an agreement to sell its remaining stake in Beijer Ref AB to EQT for approximately $1.1 billion. This follows the previous sale of 9.25 million B shares for about $300 million in September 2020. The sale aims to enhance value for shareholders by reallocating proceeds towards growth initiatives and debt reduction. The transaction is expected to close by the end of December 2020, pending regulatory approval. Carrier maintains a distribution relationship with Beijer Ref, which specializes in refrigeration and HVAC products.
Carrier Global Corporation (NYSE: CARR) announces three upcoming webinars in its A Healthier Future Starts Indoors series, focusing on the importance of healthy indoor environments. Key sessions include 'Enhancing Occupant Safety and Security in Today's Buildings' on December 15, 2020, 'Building a Modern Healthy Home' on January 20, 2021, and 'Why Fire and Life Safety Plans Are Critical to Healthy Buildings' on January 28, 2021. These webinars aim to educate stakeholders about optimizing building health, safety, and efficiency in response to the increased awareness of indoor environment quality.
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Carrier Global Corporation (NYSE: CARR) announced that Nidec Motors has joined its Carrier Alliance program through a strategic long-term agreement. Nidec Motors will supply Carrier-branded OEM and replacement motors for HVAC and Refrigeration across North America, Europe, and Asia. This partnership aims to enhance Carrier's supply chain, driving costs savings and providing growth opportunities. Nidec Motors also supplies motors for Carrier's award-winning OptiClean Air Scrubber, reinforcing their role as a key supplier, contributing to innovation and sustainability.
Carrier Global Corporation (NYSE: CARR) announced that Sensata Technologies has joined its Carrier Alliance program through a long-term agreement. Sensata will supply IoT-enabled sensors and controls for Carrier's HVAC and Refrigeration products, enhancing system performance and connectivity. This partnership aims to optimize the supply chain and drive cost savings. Both companies view this collaboration as beneficial, reinforcing Sensata's role as a key supplier and supporting future innovative technology opportunities.