RIYADH - Gearing for significant growth in 2008, Carrier Saudi, a leading supplier of air-conditioning systems, will significantly expand its product portfolio to serve the Kingdom's vibrant cooling market. Carrier Corp. is a business unit of United Technologies Corp. (NYSE:UTX).
At the Annual Dealers and Retailers Meeting, Carrier Saudi General Manager Baqir Ali Johar detailed the new and innovative technologies that the company will introduce this year.
Baqir Ali Johar said, "Demand for cooling in Saudi Arabia is set to rise again in 2008, backed by higher government spending on the infrastructure, oil, social and health sectors. Significant private sector investments and the emergence of economic cities will further activate demand for cooling. This spells enormous growth for the cooling sector in the Kingdom. Carrier Saudi is well positioned to meet the needs of this dynamic market with cutting-edge products that are environmentally sound and energy efficient."
Carrier Saudi's new 2008 range will introduce indoor units with superior comfort and aesthetics. Starting in July, Carrier will add commercial splits, offering 6 ton-20 ton cooling distribution units (CDUs) from SAMCO. The company will also continue to focus on the residential segment with products such as the Xpression and Harmony mini-split series. In the commercial segment, Carrier Saudi will add competitive products from SAMCO, while also capitalizing on the 30XA Aquaforce™ chiller range.
"Carrier Saudi's leading position in the Kingdom's air-conditioning sector is driven by its product ingenuity, extensive service and thorough understanding of customer needs," said Johar. "The expanded product range will intensify Carrier's presence in Saudi Arabia, which is home to one of the most active construction markets in the world."
The Annual Dealers and Retailers meeting was attended by 400 members of Carrier Saudi's distribution network from Jeddah, Riyadh and Dammam. Dealers were given a preview of Carrier Saudi's soon-to-be-launched products and an in-depth presentation on the prospects of the cooling sector. Carrier Saudi distributed 150 awards to the best performing dealers and retailers in Saudi Arabia.
Commenting on Carrier Saudi's performance, Johar said that 2007 was an extremely good year for Carrier Saudi. The commercial applied systems business grew exceptionally, while the new Aquaforce™ chiller with micro-channel coil technology provided the platform for future growth.
"The commercial air-conditioning and refrigeration segment continues to grow as we see an increase in the number of shopping mall, hypermarket and commercial building development projects. Many projects are currently in the design and execution stage, which demonstrates the huge expected demand for cooling and valuable opportunities for Carrier Saudi."
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About Carrier Saudi
Carrier Saudi, a joint venture between E.A.Juffali and Brothers and Carrier Corp., was formed in 1979. Carrier Saudi consists of Arabian Air Conditioning Company Limited, Carrier Saudi Service Company Limited with offices in Riyadh, Jeddah, Dammam, Makkah and Madina and Saudi Arabian Manufacturing Company (SAMCO), which is a local manufacturing facility. In existence since 1987, SAMCO customizes Carrier Saudi products to the high ambient Saudi conditions to serve local needs. This network provides comprehensive geographical coverage in Saudi Arabia to serve its customers through sales, distribution and after sales support services at all locations.
About E.A. Juffali & Brothers
E. A. Juffali and brothers has partnered with multinational companies to bring to the kingdom the most innovative and advanced services and technologies including manufacturing, engineering and construction and distribution.
About Carrier Corp.
Carrier Corp., headquartered in Farmington, Conn., is the world's largest provider of heating, air-conditioning and refrigeration solutions. With 2007 revenues of $14.6 billion, Carrier has approximately 43,000 employees worldwide and operations in more than 170 countries. Carrier is part of United Technologies Corp., a Hartford, Connecticut-based provider of products and services to the aerospace and building systems industries worldwide. Visit www.carrier.com for more information.
For more information, please contact:
Rami Hajjar
Tel: + 971 4 8818068
Email: rami.hajjar@carrier.utc.com
© Press Release 2008
