Danfoss and Turbocor Form High-Efficiency
Compressor Joint Venture
NORDBORG, DENMARK, July 7, 2004
New company combines world-wide
resources with quantum-leap oil-free technology
Denmark-based Danfoss A/S and Montreal-based Turbocor Inc. today announced
the formation of a 50/50 joint venture to be named Danfoss Turbocor
Compressors Inc. The new company is formed with Turbocor's existing product
line of oil-free centrifugal refrigerant compressors, its growing worldwide
customer base and its manufacturing facility in Montreal, initially
employing 77 people. HVAC industry veteran Joe Orosz, President of Danfoss
Commercial Compressors Ltd., Lawrenceville, Georgia, has been appointed
President of the new company.
Deal adds big-company momentum to
award-winning oil-free compressor line
The Joint Venture company will provide the HVAC market with energy efficient
compressors that optimize operating costs, focusing on the heavy commercial
and light industrial chiller markets for commercial air conditioning in the
range of 60-90 tons (R134a). With the transaction, Danfoss will expand its
commercial compressor product line to include high-efficiency oil-free
centrifugals, and Turbocor will tap into the strong sales and service
organizations of Danfoss to enable further expansion in field installations.
The key to this transaction is the
growing international support for Turbocor's new oil-free commercial
compressor range, which uniquely combines magnetic bearings, direct-drive
permanent-magnet motor, variable-speed drive, 2-stage centrifugal
compression and fully-digital integrated electronics. Turbocor's oil-free
centrifugal compressors routinely deliver IPLV energy savings of 30-40%, and
very quietly (70 dBa at 1m). Recent industry awards include the 2003 AHR-Expo
Energy Innovation Award, a 2003 win in the Canadian Energy Efficiency Awards
- Equipment Category, and a much-prized Climate Protection Award in 2004
from the Environment Protection Agency.
"This compressor will set an
industry standard and provide the HVAC mid-market with the most innovative
and attractive product offering for many years to come," said Guillermo
Diaz Trillo, President of the Commercial Compressors Division of Danfoss and
a member of the board of Danfoss Turbocor Compressor Inc. "Turbocor's
cutting-edge products using advanced technologies, combined with Danfoss'
industry leading manufacturing technology, marketing expertise and extensive
sales network will strengthen our global position and add value for our
customers world-wide."
Turbocor co-founder Roger
Richmond-Smith said: "The whole team is delighted with the deal, because it
means the technology is here to stay. With a far-sighted global major
company like Danfoss as our strategic partner, we can now comfortably
support rapid growth in manufacturing, in new product platforms and in field
service depth. The Turbocor technology has been hailed as a breakthrough
with major business potential. Joe Orosz and the team can now start to
realize that goal."
Danfoss is a leading supplier of
air-conditioning and refrigeration compressors, controls, and line
components, with factories and sales offices worldwide.
Turbocor Inc. aims to redefine
lifetime operating costs for commercial compressors through its dedication
to the design, manufacture and support of the world's most efficient
oil-free turbomachinery.
Contact:
Joe Orosz, President
Danfoss Commercial Compressors Ltd.
1775-G MacLeod Drive
Lawrenceville, GA 30043
www.Danfoss.com
678-442-6500
Mobile 678-488-5064 |
Roger Richmond-Smith
Turbocor
1850 Trans-Canada Hwy
Dorval, Québec, H9P2N4
www.turbocor.com
514-421-0523
Mobile 678-488-5064 |