UTC’s Carrier Acquires Chinese Company
FARMINGTON, Conn. (AP) _ United Technologies Corp.’s Carrier
unit, which provides heating, air-conditioning and refrigeration
solutions, said Wednesday that it acquired a controlling interest
in China’s Shandong Fuerda Air Conditioner Equipment Co. Ltd.
Financial terms were not disclosed.
Fuerda, which makes water source and geothermal heat pump
products, posted 2010 revenue of more than $30 million. It has more
than 300 employees, a manufacturing facility and 23 sales offices
covering 20 provinces in China, Carrier said.
United Technologies shares rose 14 cents to $79.07 in premarket
(Copyright 2011 by The Associated Press. All Rights Reserved.)