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United Technologies Corporation (UTC) was an American multinational conglomerate headquartered in Farmington, Connecticut. [1] It researched, developed, and manufactured products in numerous areas, including aircraft engines , aerospace systems, HVAC , elevators and escalators , fire and security , building automation, and industrial products ...
Carrier Global Corporation is an American multinational heating, ventilation, and air conditioning (HVAC), refrigeration, and fire and security equipment corporation based in Palm Beach Gardens, Florida. Carrier was founded in 1915 as an independent company manufacturing and distributing HVAC systems, and has since expanded to include ...
ArcelorMittal (U.S. headquarters in Chicago; plants in Riverdale, East Chicago, and Burns Harbor) (from Luxembourg) Bystronic North America headquarters (from Niederönz, Switzerland) General Electric (from Schenectady, New York, US) Gerdau (plant in Joliet) Ineos/Innovene (Chicago, Naperville, Whiting) (from Rolle, Switzerland)
The acquisition was carried out by Ardutch BV, a subsidiary of Arçelik, which purchased United Refrigeration (Private) Limited and Dawlance (Private) Limited from Bashir and Mariyam Dawood for $148 million, and Dawlance Electronics (Private) Limited from Pan Asia Equity Limited, based in the British Virgin Islands, for $94 million. [8] [9]
As of mid-2019, it employed 105,000 people in around 2,000 locations across six continents. [4] In 2017 it was listed as 389th in the Fortune Global 500 . [ 5 ] It became ineligible for the Fortune 500 in subsequent years since it relocated its headquarters outside the U.S. [ 6 ]
The company is a subsidiary of Trane Technologies, a company focused on manufacturing HVAC and refrigeration systems. Trane employs more than 29,000 people at 104 manufacturing locations in 28 countries, and has annual sales of more than US$8 billion.
A wholly owned subsidiary of United Technologies Corporation, UTC Climate, Controls & Security was a $16.7 billion company with 55,000 employees serving customers in more than 180 countries. [5] In 2020, United Technologies spun off this subsidiary into the independent Carrier Global Corporation.
Thermo King refrigeration unit on a DAF refrigerated truck In 1942, Jones developed the first portable refrigeration units for troops stationed overseas in World War II . Thermo King also introduced the first gasoline-powered mechanical refrigerated boxcars in the 1940s, which reduced shipping costs, making fresh produce more widely available ...