/24-7PressRelease/ - GURGAON, INDIA, September 19, 2008 - Carrier Airconditioning and Refrigeration Ltd. (Carrier India) broke ground today for the construction of a new global Research & Development (R&D) Centre in India. More than 100 employees joined Geraud Darnis, president of Carrier Corp., for the ceremony in Gurgaon. Carrier India's parent company is Carrier Corp., a unit of United Technologies Corp. (NYSE: UTX).
The new global R&D centre is part of a $50 million (Rs 200 Cr) multi-year investment in India that Carrier announced last November. It will develop industry-leading products and technology and support Carrier's expanding manufacturing operations in India.
"Breaking ground on our R&D center site marks a new milestone in our growth in India," said Darnis. "This facility will further strengthen our position in India and enable us to bring the latest technology along with innovative and energy-efficient products and services to the local market."
India has tremendous growth potential and is a strategically important market for Carrier. This R&D unit will not only facilitate the local development of new products and technology but also enable faster transfer of appropriate technology from across Carrier to India and its customization to suit the Indian climatic conditions.
Expected to open in 2009, this new facility will be a LEED-Certified Green Building and Carrier's third global R&D center in Asia. The center will include a state-of-the-art facility to educate and train Carrier India's employees, channel partners and customers on its products. The company will also invest in people by adding positions in highly skilled areas such as engineering.
About Carrier Corp.
Carrier Corp., headquartered in Farmington, Conn., is the world's largest provider of heating, air-conditioning and refrigeration solutions. With 2007 revenues of $14.6 billion, Carrier has approximately 43,000 employees worldwide and operations in more than 170 countries. Carrier is part of United Technologies Corp., a Hartford, Connecticut-based provider of a broad range of high technology products and support services to the aerospace and building systems industries worldwide. Visit http://www.carrier.com for more information.
LINOpinion - The LINTAS PR Division
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