Robert Bosch and Carrier Joint Venture Brings Heat Pump Manufacturing To Fort Lauderdale, Florida
11/11/2013
The joint venture will develop and manufacture Bosch- and Carrier-branded water-source heat pumps, which will be built at the current FHP plant in Fort Lauderdale, Florida. Sales channels for both companies and the companies’ respective brands will remain independent.
Richard Soper, President of Bosch Thermotechnology Corp. said, “Geothermal heating is one of the most cost effective and environmentally responsible heating and cooling options available to consumers. Establishing a joint venture between Bosch and Carrier – two strong and respected companies – will allow us to leverage our research and development resources and continue to deliver high-quality manufactured products to our customers.”
“The Carrier team is excited by the opportunities this JV will provide,” said Chris Nelson, President, residential and commercial systems, Carrier. “By bringing together the strengths of both companies, from Carrier’s rich legacy of innovation to Bosch’s well-equipped manufacturing plant in Fort Lauderdale, we will deliver a high level of value to our customers.”
The transaction will be completed pending securing all necessary regulatory approvals. Both firms said financial terms of the agreement will not be publicly disclosed.
Project Announcements
Kikkoman Foods Plans Jefferson, Wisconsin, Operations
04/26/2024
BWX Technologies Expands Cambridge, Ontario, Nuclear Production Operations
04/26/2024
Greenheck Group Plans Knoxville, Tennessee, Operations
04/26/2024
Local Bounti Plans Pasco, Washington, Indoor Agricultural Operations
04/26/2024
Innovative Construction Group Plans Siler City, North Carolina, Production Operations
04/26/2024
Crystal Window and Door Systems Plans Mansfield, Texas, Headquarters-Production Operations
04/25/2024
Most Read
-
2023's Leading Metro Locations: Hotspots of Economic Growth
Q4 2023
-
2023 Top States for Doing Business Meet the Needs of Site Selectors
Q3 2023
-
38th Annual Corporate Survey: Are Unrealized Predictions of an Economic Slump Leading Small to Mid-Size Companies to Put Off Expansion Plans?
Q1 2024
-
Making Hybrid More Human in 2024
Q1 2024
-
Manufacturing Momentum Is Building
Q1 2024
-
20th Annual Consultants Survey: Clients Prioritize Access to Skilled Labor, Responsive State & Local Government
Q1 2024
-
Public-Private Partnerships Incentivize Industrial Development
Q1 2024