Exports serve as main growth engine for HVACR industry in Italy
Padua, Italy 28 March 2019: For the main Italian players in the HVACR sector, exports are the growth engine, said Giandomenico Lombello, Group Managing Director, Carel. Speaking with regard to the company’s own expansion, Lombello shared that the growth of Carel is intrinsically linked to exports, which account for a major part of total sales, confirming the Group’s international nature.
For several decades, Lombello said, Carel’s expansion strategy aimed at being physically closer to its customers and that, to date, Carel has seven production sites, 22 sales subsidiaries and business interests in 22 different countries.
Commenting on trends with regard to acquisitions, Lombello emphasised that in Italy as well as in the rest of Europe there are many medium-sized companies that occupy an interesting position in the market and have significant products in terms of cost and performance. “For Carel, with extensive operations in EMEA,” he said, “these acquisitions often become an opportunity to make ourselves known to buyers, if they are not already our customer.”