Eurocoil, an Italian manufacturer of finned coils, remote condensers and dry coolers, has received a €15 million (US$16.3 million) investment from its U.S. parent company Baltimore Aircoil Company (BAC) to support its expansion.
The investment will fund the construction of a new 9,000m2 (96,875ft2) production facility at the Eurocoil headquarters in Bovolone, Italy, which began on January 19 and was marked with a ribbon-cutting ceremony.
Eurocoil will also invest in new machinery and doubling the number of personnel, with the aim of having over 300 employees by 2031.
“Following this investment, production volumes will increase, and we will introduce a new assembly line for the components we already produce,” said Claudio Bittante, CEO and Co-Founder of Eurocoil. “Thanks to this further step we will be able to grow and, above all, to increase the opportunities for many families in and around Bovolone.”
“Following this investment, production volumes will increase, and we will introduce a new assembly line for the components we already produce.”Claudio Bittante, Eurocoil.
Founded in 1995, Eurocoil was acquired by BAC in July 2021 to strengthen its position in European cooling markets and accelerate its development of hybrid evaporative and adiabatic technologies. BAC’s TrilliumSeries Adiabatic Products, which are widely employed in transcritical CO2(R744) installations, were released in Europe in 2005.
Following the acquisition of Eurocoil, BAC immediately announced its intention to boost its production capacity across Europe.
“We are very happy to have kept the promise made a year and a half ago,” said David Jacobs, Vice President of BAC at the January 19 ceremony. “We strongly believe in Eurocoil, in its founding partners and in all the employees who work for this company. The investment we started today is the first and will not be the last and will allow us to expand our market globally.”
Seeking LEED certification
The new facility, which will be connected to the existing building, has been designed with the goal of obtaining LEED Gold certification, which recognizes a building’s sustainability both in its construction and its operation.
According to the building’s architect, Contec Ingegneria, passive cooling approaches have been adopted to minimize heat gain during the summer, and roof-top solar panels will provide renewable energy for the facility.
Contec Ingegneria also noted that heat pumps will be used to provide thermal comfort, “minimizing the use of fossil fuels.”