COPELAND TO INCREASE MANUFACTURING CAPACITY AND ACCELERATE CLIMATE INNOVATION IN INDIA

Copeland announced an investment in India to expand its manufacturing facility in Atit, Maharashtra and for the construction of a new global R&D centre in Pune, Maharashtra. The manufacturing, engineering and R&D investments in India will expand existing engineering capabilities, increase production capacity of Copeland's compression solutions and advance the innovation of sustainable heating, cooling, refrigeration and industrial solutions.

Underscoring Copeland's commitment to India, these expanded India facilities will provide for the addition of an advanced scroll compressor line catering to both the domestic and Copeland’s key international markets in the region. The investments will expand Copeland’s existing Pune manufacturing facility by an additional 7,350 square meters over the next five years and the addition of a 15,000 square meter R&D centre focused on advancing Copeland's climate solutions for its customers.

"India is an important growth market for Copeland, and this expansion reaffirms our commitment to both the India market and innovation," said Ross B. Shuster, chief executive officer, Copeland. "These planned investments will enable us to increase production capacity and reduce lead times for our customers in the region while supporting India's energy and environmental goals."

The addition of Copeland's award-winning scroll compressors to the manufacturing line up in India will advance cooling and refrigeration technology deployments for its customers based in the country. The company’s expanded R&D investments in India will play a major role in helping pave a more sustainable and innovative future, as Copeland supports three global megatrends: energy transition through electrification of heating demand, adoption of low-GWP and natural refrigerants, and in safeguarding perishable food and medical products through an efficient and sustainable cold chain.