Politics
Energy Firm Announces New $1 Billion Investment In U.S. Manufacturing
Heating, ventilation and air-conditioning (HVAC) giant Carrier announced Tuesday that it will be investing $1 billion in U.S. manufacturing over the next five years. All in all, the plan is expected to generate roughly 4,000 American jobs.
Carrier Global Corporation, which is headquartered in Palm Beach Gardens, Florida, currently employs roughly 48,000 workers globally, though much of the company’s presence is in the United States.
In a press release, Carrier announced plans for a new “state-of-the-art” facility as part of a new $1 billion investment in “U.S. manufacturing, innovation and workforce expansion, incremental to its ongoing commitments to American operations.” The company further noted that the plan is expected to generate “4,000 highly skilled jobs in R&D, manufacturing and field service,” according to the release.
“This investment marks the next chapter in our commitment to U.S. manufacturing,” said David Gitlin, chairman and CEO of Carrier. “We are building for the future by creating high-quality, skilled trade careers and empowering American workers to lead the next generation of manufacturing. At the same time, it positions Carrier to capture the tremendous growth ahead in our industry and deliver smart, differentiated solutions for our customers.”
The company explained that the new investment will allow for expansion of existing facilities, as well as the construction of a new “state-of-the-art” facility in the United States. Carrier, which describes itself as a “global leader in intelligent climate and energy solutions,” currently boasts the largest U.S.-based manufacturing capability in its industry.
The new facility will “support the production of highly engineered components for heat pumps and battery assemblies – both essential to Carrier’s Home Energy Management System (HEMS),” according to the press release.
PEARL HARBOR, Hawaii (May 10, 2010) Workers install a Carrier air conditioning unit at Joint Base Pearl Harbor-Hickam. (U.S. Navy photo by Thomas Obungen/Released)
“It will also accelerate next-generation R&D, including innovations in liquid cooling for data centers and battery-enabled climate solutions technologies developed under Carrier Energy, the company’s bold, in-house start up focused on optimizing home energy use and supporting grid flexibility.”
Carrier’s TechVantage initiative, which was announced earlier this year, is included in both the $1 billion investment and anticipated 4,000 jobs, the company explained. The program aims to hire 1,000 U.S. service technicians and train more than 100,000 climate solutions service and sales professionals over the next five years.
“This effort is focused on developing the skilled workforce needed to support the installation and servicing of high-performance climate solutions systems,” the release continued.
The White House recently launched a new website to track the flood of new investments in the United States as the Trump Administration seeks to work out fresh trade deals with more than 70 trading partners.
