Carrier Invests in New Rotary Chiller Strategy.SYRACUSE, N.Y.--(BUSINESS WIRE)--March 31, 1998--Carrier Corporation announced a new direction for its rotary chiller chill·er n. 1. One that chills. 2. A frightening story, especially one involving violence, evil, or the supernatural; a thriller. chiller Noun 1. business today to preserve the heritage and Carrier's global competitive position that began with Willis Carrier's invention of the centrifugal centrifugal /cen·trif·u·gal/ (sen-trif´ah-gal) efferent (1). cen·trif·u·gal adj. 1. Moving or directed away from a center or axis. 2. chiller 76 years ago. In a statement to employees, Carrier's North American Operations North American operation Surgical oncology Radical surgery of a 'frozen pelvis', consisting of radical en bloc resection of the uterus and urinary bladder. See 'Frozen pelvis.'. Cf 'All-American' and 'South American' operations. President, Guy Fauconneau said: "We will invest in a focused factory designed with a single, mixed-model assembly line based on lean manufacturing Lean manufacturing is the production of goods using less of everything compared to mass production: less human effort, less manufacturing space, less investment in tools, and less engineering time to develop a new product. principles. The location for this factory has not been decided, and our Syracuse campus will be considered as well as other alternatives. In addition, we will phase out the manufacturing of uncompetitive products as we currently produce them in our chiller manufacturing facility and outsource a majority of chiller components currently produced in this factory." These steps, Fauconneau said, are imperative if Carrier is to regain market share and achieve the performance that is commensurate with being the founder of the heating, ventilating ventilating Natural or mechanically induced movement of fresh air into or through an enclosed space. The hazards of poor ventilation were not clearly understood until the early 20th century. Expired air may be laden with odors, heat, gases, or dust. and air conditioning air conditioning, mechanical process for controlling the humidity, temperature, cleanliness, and circulation of air in buildings and rooms. Indoor air is conditioned and regulated to maintain the temperature-humidity ratio that is most comfortable and healthful. industry. Previous investments over five years of more than $70 million in the rotary chiller business have yielded highly competitive products. However, manufacturing costs must be reduced to achieve the necessary return on these investments. In the past several years, it appeared that replacement of CFC-based chillers would create significant production volume for our existing rotary chiller plant in Syracuse. Unfortunately, industry-wide forecasting was overly optimistic op·ti·mist n. 1. One who usually expects a favorable outcome. 2. A believer in philosophical optimism. op , particularly in light of the current economic problems in Asia. The marketplace is fiercely competitive, and it appears that low volumes will prevail. Therefore, Carrier must adapt and invest in its manufacturing processes accordingly. "Our heritage and our reputation as the industry leader globally demand that we effectively resolve our current manufacturing cost issues," Fauconneau said. "Because such decisions have serious consequences for many people, they will not be made lightly. The strategy has been chosen with one purpose in mind -- keeping Carrier strong in the long term while displacing the fewest number of people. Carrier associates will continue to be kept advised of the progress." These actions will result in a charge to Carrier's first quarter financial results that will be offset by a gain on the favorable settlement of a contract dispute elsewhere in Carrier's parent corporation, United Technologies Corporation. Carrier Corporation is the world's largest manufacturer of heating and air conditioning systems and equipment. It is a subsidiary of United Technologies Corporation, provider of a broad range of high-technology products and support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services to the aerospace, building systems and automobile industries automobile industry, the business of producing and selling self-powered vehicles, including passenger cars, trucks, farm equipment, and other commercial vehicles. . CONTACT: United Technologies Corporation Ronald Bruehlman, 860/728-7575 |
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