Carrier and Grupo Midea join forces

Latin America. Now Brazil, Argentina and Chile will host the union between the multinational Carrier and the Midea Group of China, thanks to the join venture agreement that the two organizations recently signed, and that they had announced months ago.

This agreement will strengthen the relationship of both companies and will expand the commercialization of residential and small business HVAC systems in these South American countries. For many, this alliance will leverage the scale of production, increase the portfolio of products and brands and increase growth plans in Latin America. "This is part of the process of transformation and expansion of the air conditioning business that Carrier started three years ago," said Geraud Darnis, president and CEO of UTC Climate, Controls & Security Systems. In the same way, Carlos Renck, president and CEO of the joint venture, said that Carrier has the largest distribution network in the region and that it is also highly trained, "this alliance enhances those capabilities to offer better solutions," he said. Midea Group is one of the largest manufacturers of household appliances in China and, through its GD Midea division, manufactures and distributes air conditioning systems in the global context.