Company Continues To Build Upon Its Industrial Refrigeration Expertise Gained from 2009 Acquisition of Vilter Manufacturing
ST. LOUIS, April 19, 2011 – As China’s emerging industrial refrigeration market offers significant growth opportunities, Emerson Climate Technologies, Inc., a business of Emerson (NYSE: EMR), today announced it continues to strengthen its capabilities and offerings in the region to further become a leading player in this fast-growing market.
“Many analysts agree that the Chinese industrial refrigeration market offers significant growth opportunity. By 2017, China’s cold chain is projected to grow to more than five billion cubic feet of cold storage space, surpassing the size of the cold chain infrastructure in the United States,” said Ram Krishnan, president of the refrigeration division of Emerson Climate Technologies. “Our recent acquisition of Shanghai Well-Tech Refrigeration System Co. Ltd. has given Emerson Climate Technologies a local presence in the market; one that enables us to leverage our brand awareness and technology advantage to support existing and new customers in the emerging market with energy efficient and reliable industrial refrigeration solutions.”
Emerson Climate Technologies has gained footholds in the region by building upon its significant industrial refrigeration expertise and understanding of the Chinese market gained from its 2009 acquisition of Vilter Manufacturing. Wisconsin-based Vilter Manufacturing provides a complete line of compressors and packaged systems for industrial refrigeration, heat pump, and gas compression applications. The acquisition enhanced Emerson’s presence in the food processing and cold storage segments of the refrigeration market and enabled the company to strengthen its overall position in the refrigeration industry.
Shanghai Well-Tech Refrigeration System Co. provides packaged refrigeration systems and compressor units for a variety of industrial refrigeration applications, including in the food and beverage and cold storage markets. Located in Shanghai, the company offers Emerson Climate Technologies localized manufacturing and product design capabilities to grow the company’s presence in the region.
“This recent acquisition is positive news for China’s industrial refrigeration market and the companies within the region that utilize these systems,” said Teo Meng Chye, facilities manager of Micron Semiconductor (Xi’an) Co., Ltd., a current Shanghai Well-Tech Refrigeration customer that utilizes glycol chillers in its operations. “Emerson Climate Technologies’ established commitment to innovation, energy efficiency and product design promises to further drive the growth and technological advancement of this emerging market.”
For more information on industrial refrigeration compressors available from Emerson Climate Technologies, visit www.vilter.com.
Emerson (NYSE: EMR), based in St. Louis, Missouri (USA), is a global leader in bringing technology and engineering together to provide innovative solutions for customers in industrial, commercial, and consumer markets through its network power, process management, industrial automation, climate technologies, and tools and storage businesses. Sales in fiscal 2010 were $21 billion. For more information, visit www.Emerson.com.
About Emerson Climate Technologies
Emerson Climate Technologies, a business segment of Emerson, is the world’s leading provider of heating, air conditioning and refrigeration solutions for residential, industrial and commercial applications. The group combines best-in-class technology with proven engineering, design, distribution, educational and monitoring services to provide customized, integrated climate-control solutions for customers worldwide. Emerson Climate Technologies’ innovative solutions, which include industry-leading brands such as Copeland Scroll and White-Rodgers, improve human comfort, safeguard food and protect the environment.
For more information, contact:
Fahlgren Mortine Public Relations