Carrier Global Corporation, based in Palm Beach Gardens, Florida (U.S.), announced on April 3 that is became an independent, publicly traded company after successfully completing its separation from U.S.-based United Technologies Corporation (UTC).
Carrier, a major global provider of heating, ventilating and air conditioning (HVAC), refrigeration, and fire & security technologies, has a significant CO2 refrigeration business in Europe via its Carrier Commercial Refrigeration subsidiary, based in Paris.
At ATMOsphere Europe last October in Warsaw, Poland, Pierre Boyer, General Manager of Mechanical Systems for Carrier Commercial Refrigeration, said the company had sold 13,000 transcritical CO2 systems, on its way to 20,000. (The conference was organized by shecco, publisher of this website.)
The global Carrier company began trading Friday on the New York Stock Exchange (NYSE) under the symbol “CARR.”
Carrier, which has approximately 53,000 employees globally, also encompasses NorthAmerican residential and commercial HVAC equipment in major markets, and refrigerated equipment for the North American and European truck trailer and container businesses.
“For more than a century, Carrier has been a symbol of excellence, and today, as a standalone company, we have defined our own strategy, vision, culture and priorities,” said Carrier President & CEO Dave Gitlin, in a statement,
As an independent company, Carrier “will have greater focus and enhanced agility based on its own distinct operating priorities and strategies for long-term growth and profitability, including strengthening and growing its core businesses, extending its product range and geographical coverage, and expanding service and digital offerings,” the company said.
Gitlin cited Carrier’s environmental focus. “We are a world leader in providing energy-efficient solutions for buildings around the world. We are deeply committed to driving a leadership position in sustainable solutions for the planet and for future generations.”
Carrier recently donated US$3 million to the Natue Conservancy to help cities better prepare for climate change and support the development of online STEM education.
UTC, which acquired then-independent Carrier in 1979, merged this month with the Raytheon Company to form Raytheon Technologies.