Page 31 - Climate Control News Magazine April 2021

Residential Air Conditioning
Distributor for Queensland market
as it is for Northern Air Conditioning as well. We look forward to working together and servicing far North Queensland for many years to come.”
Gibson said both companies are already ac- tive in the market and combining their strengths will raise an already high bar.
He said the shared commitment to outstand- ing customer service and energy‐efficient solu- tions to indoor air quality issues is why this dis- tributorship is a natural fit.
“WE HAD TO FIND A DISTRIBUTOR TO HELP DEVELOP THE QUEENSLAND MARKET
– PACIFIC VENTILATION MANAGING DIRECTOR, PETER GIBSON
Northern Air Conditioning owner, Michael Parker‐Walshe, said he is extremely excited and humbled to team up with a company such as Pa- cific Ventilation.
“Though they have been active in the North- ern Queensland market for a short period, we be- lieve working together to grow both of our busi- nesses throughout the Northern Queensland region is a fantastic opportunity,” he said.
“We have always had a strong desire to move into the ventilation market, and we have final- ly found a company to partner with to make that happen.”
As a subsidiary of global HVAC company Sys- temair Group, Pacific Ventilation has an exten- sive product portfolio well suited for the extreme heat and humidity of Queensland’s north.
PACIFIC VENTILATION HAS increased its presence in Queensland by appointing Northern Air Conditioning as its newest local distributor.
Northern Air Conditioning will offer Pacific Ventilation products to customers as an official distributor effective immediately.
Northern Air Conditioning owner, Michael Parker‐Walshe, with the support of Pacific Venti- lation’s Queensland branch team, will manage the Northern Queensland sales region.
Pacific Ventilation’s Queensland branch manag- er, Pete Morris, and his team will continue to ser- vice the Central and Southern Queensland region.
Pacific Ventilation managing director, Peter Gib- son, said locating a distributor to collaborate with on market development in the North Queensland region is an essential step for Pacific Ventilation. “Pacific Ventilation is proud to join forces with Northern Air Conditioning to support our sales and market development in the region,” he said.
“Northern Air Conditioning has a proud and proven history of superior customer service and global HVAC brand representation. It is naturally an easy decision to partner with Northern Air Con- ditioning as our values, and cultures interconnect.
“Customer service is at the core of what we do,
Hisense buys stake in Sanden
CHINESE STATE-OWNED MULTINA- TIONAL, the Hisense Home Appliances Group, has acquired a controlling stake in Sanden Holdings Corporation, a Japa- nese manufacturer of in-vehicle air con- ditioning systems.
The home-appliance company has purchased 83.6 million shares in Sanden at 256 yen ($US2.40) each at a total price of $US200 million.
This gives Hisense 75 per cent of voting rights in Sanden, according to a statement to the Shenzhen Stock Exchange last week.
Hisense Home Appliances' shares, list- ed in Shenzhen and Hong Kong, soared after the deal was announced jumping 10 per cent in Shenzhen.
In Hong Kong, the company's shares closed up 6.3 per cent after jumping more than 12 per cent in early trading.
Sanden is best known for making com- pressors for air conditioners but more re- cently has been producing products for the electric vehicle market.
The company had a tough 2020 enter- ing special turnaround proceedings last July after getting hit by shrinking auto sales and the global pandemic.
Sanden intends to use two-thirds of the investment's proceeds for corporate restructuring purposes, while the re- maining one-third will be invested in production facilities to manufacture heat-management systems for electric vehicles.
Hisense owns over 40 subsidiaries including Hisense-Hitachi Air-condi- tioning System Co Ltd which was es- tablished in 2003 as a joint venture with Hitachi. ✺
Hisense Tower in China.
CLIMATE CONTROL NEWS
APRIL 2021
31