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Pak Elektron Ltd (PEL) was founded in 1956 through a technical collaboration with AEG.In 1978, PEL was acquired by Saigol Group and was taken public a decade later. In 2009, PEL became the sole distributor of LG Corporation's home appliances in Pakistan.
The York brand has been owned since August 2005 by Johnson Controls, when it was sold to them for $3.2 billion. [75] [76] At the time of the acquisition, it was the world's largest independent manufacturer of air conditioning, heating, and refrigeration machinery. Its stock symbol was formerly YRK.
Dawlance was founded in 1980 by Bashir Dawood, a member of Dawood family, as a manufacturer of refrigerators. [5] In 1988, the company expanded its product line by introducing deep freezers. [5] In the mid-1990s, Dawlance began manufacturing air conditioners, microwave ovens, washing machines and water dispensers in Pakistan. [5]
The efficiency of air conditioners is often rated by the seasonal energy efficiency ratio (SEER), which is defined by the Air Conditioning, Heating and Refrigeration Institute in its 2008 standard AHRI 210/240, Performance Rating of Unitary Air-Conditioning and Air-Source Heat Pump Equipment. [61]
ICP is a Carrier subsidiary. ICP makes oil and gas furnaces, heat pumps, and central air-conditioning systems for residential and commercial customers. [1] It manufacturers, markets, and sells residential heating and cooling systems under the Arcoaire, Comfortmaker, Day & Night, Heil, KeepRite, Lincoln, and Tempstar brands; its commercial units, with up to 25 tons of cooling capacity, are sold ...
In 2001, Carrier was the "world's largest manufacturer of air-conditioning, heating, and refrigerator equipment" with a "total employment of 42,600" and a revenue of $8.9 billion. Carrier announced that it would be closing its DeWitt, New York plant. This led to the layoff of 1,000 employees. [10]
The copper and gold are currently traded at about $5,000 per ton and $600 per ounce respectively in the international market. [5] Khyber Pakhtunkhwa Province accounts for at least 78% of the marble production in Pakistan. Pakistan is home to some of the most finest and purest grades of marble, granite and slate found in the world.
Gree Electric's Chairwoman is Dong Mingzhu, or "Sister Dong" as she is known in China. [2] She was appointed CEO in 2009. [citation needed] She joined the company in 1990.[citation needed] Dong was also the Chairwoman of its largest shareholder at the time, Gree Group, until November 2016. [8]