Ingersoll-Rand Acquires Remaining Interest in Luoyang, China, Commercial Refrigeration Equipment Manufacturer.HAMILTON Hamilton, city, Bermuda Hamilton, city (1990 est. pop. 3,100), capital of Bermuda, on Bermuda Island. It is a port at the head of Great Sound, a huge lagoon and deepwater harbor protected by coral reefs. , Bermuda -- Ingersoll-Rand Company Limited (NYSE NYSE See: New York Stock Exchange :IR), a leading diversified diversified (di·verˑ·s industrial firm, today announced that through its subsidiary, Ingersoll-Rand (China) Investment Company Limited, the company has acquired Luoyang Refrigeration refrigeration, process for drawing heat from substances to lower their temperature, often for purposes of preservation. Refrigeration in its modern, portable form also depends on insulating materials that are thin yet effective. Machinery Factory's 45-percent interest in a commercial refrigeration equipment manufacturing business based in Luoyang, He'nan Province, China. Terms of the transaction were not disclosed. Ingersoll-Rand's Hussmann unit, part of the company's Climate Control Sector, continues to hold the remaining 55-percent interest in the business. The Luoyang plant employs 300 people and primarily produces Hussmann(R) commercial refrigeration equipment for perishable-goods distribution operations and grocery and convenience stores The following is a list of convenience stores organized by geographical location. Stores are grouped by the lowest heading that contains all locales in which the brands have significant presence. . Ingersoll-Rand's Climate Control Sector also manufactures Thermo King(R) transport refrigeration equipment at facilities in Shenzhen and Suzhou, China. "This transaction reflects our commitment to accelerating Ingersoll-Rand's participation in the Chinese market and the Asia Pacific region," said Herbert L. Henkel, chairman, president and chief executive officer. "The Luoyang facility enhances our ability to deliver the full range of commercial climate-control solutions throughout the Asia Pacific region, and extends Ingersoll-Rand's overall capabilities in China. In addition, we will benefit from production efficiencies by leveraging the China-based Hussmann and Thermo King manufacturing operations Manufacturing operations concern the operation of a facility, as opposed to maintenance, supply and distribution, health, and safety, emergency response, human resources, security, information technology and other infrastructural support organizations. to meet regional demand for climate-control products and solutions." IR is a leading innovation and solutions provider for the major global markets of Security and Safety, Climate Control, Industrial Solutions and Infrastructure. The company's diverse product portfolio encompasses such leading industrial and commercial brands as Schlage locks and security solutions; Thermo King transport temperature control equipment; Hussmann commercial and retail refrigeration equipment; Bobcat bobcat: see lynx. bobcat Bobtailed, long-legged North American cat (Lynx rufus) found in forests and deserts from southern Canada to southern Mexico. It is a close relative of the lynx and caracal. compact equipment; Club Car golf cars and utility vehicles; and Ingersoll-Rand industrial and construction equipment. In addition, IR offers products and services under many more premium brands for customers in industrial and commercial markets. Further information on IR can be found on the company's web site at www.irco.com. |
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