Ziehl-Abegg says demand for its energy saving products has helped it towards sales in excess of half a billion euros in 2017.
The German company, which develops, builds and sells fans and electric motors, expects sales to reach 530 million euros by the end of the year, around 10 per cent up on the 2016 figure of 484 million euros.
CEO Peter Fenkl confirmed that turnover topped 500million euros by the end of November, helped by worlwide demand for its products, including low energy fans for ventilation and cooling.
REFCO welcomed more than 100 guests from 30 countries to Lucerne to help celebrate its 45th anniversary.
The Swiss manufacturer of service tools and components for the air conditioning and refrigeration industry has grown significantly since 1972, with exports now accounting for more than 95 per cent of its total sales. Customers and business partners joined REFCO employees and their families to hear chief executive Manfred P. Ulrich outline plans for expansion into new markets and the continued development of new products.
Guests were able to tour the company's headquarters, as well as Manometer and Feinwerktechnik Wiegand, to see the manufacturing processes and learn about new products, including REFCO's condensate pumps and wireless pressure and temperature set, TAP.
A significant number of European retail professionals who responded to a survey by Emerson said they were unaware of upcoming regulatory changes related to the phase down of HFCs as refrigerants.
The study showed that the retail industry was lagging behind schedule due to a lack of clarity in regulatory changes and replacement technologies available, with 40 per cent of respondents unaware of the changes and nearly half (44 per cent) either yet to make the shift, or unsure. However, 81 per cent of respondents viewed the shift from HFCs to natural refrigerants as a positive change.