Thursday 28 May 2020

Carrier completes separation from United Technologies

DUBAI, April 7, 2020

Carrier Global Corporation, a leading provider of heating, ventilation and air-conditioning (HVAC) refrigeration, and fire and security technologies, on April 7 debuted as an independent, publicly traded company after successfully completing its separation from United Technologies. 
Shares of Carrier began “regular-way” trading on the New York Stock Exchange (NYSE) at market open under the symbol CARR.
The company has an extensive global footprint with approximately 53,000 employees, offering solutions in more than 160 countries. 
On the strategic move, Carrier President and CEO Dave Gitlin said: "Against the backdrop of unprecedented global uncertainty, Carrier and its employees remain focused and continue to solve critical challenges – from improving indoor air quality, protecting the world’s food and pharmaceutical supply and keeping people safe and secure."
"I am honoured to lead this fantastic company and now, more than ever, I am incredibly proud of the perseverance and resiliency of our talented workforce," stated Gitlin. 
"For more than a century, Carrier has been a symbol of excellence, and today, as a standalone company, we have defined our own strategy, vision, culture and priorities. We have an unmatched legacy and look forward to delivering sustainable long-term growth to our shareowners and other stakeholders," he added.
As an independent company, Carrier will have greater focus and enhanced agility based on its own distinct operating priorities and strategies for long-term growth and profitability, including strengthening and growing its core businesses, extending its product range and geographical coverage, and expanding service and digital offerings. 
The company is well-positioned with strong megatrends driving sustained industry growth, leading positions with significant installed base, a disciplined operating system, and an unwavering commitment to innovation.
Carrier will continue to contribute meaningfully to communities around the world through employee volunteerism and environmentally responsible operations, products and services, said Gitlin. 
"We are a world leader in providing energy-efficient solutions for buildings around the world. We are deeply committed to driving a leadership position in sustainable solutions for the planet and for future generations," he stated. 
"Strengthening our global community makes us a stronger company, creating shared value for our business and society," remarked Gitlin. 
“As a standalone company, we have the ability to leverage our legacy of industry leadership and sustainability to address the challenges of today and tomorrow while executing our vision and growth strategy,” he added.-TradeArabia News Service


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