GERMANY: The Vaillant Group claims to be among the 3 largest European heat pump suppliers immediately after reporting a product sales advancement of much more than 75% in 2022.
The important more growth of the German manufacturer’s heat pump small business in the 2022 financial calendar year boosted turnover by 11% to €3.7bn and the amount of personnel across the group elevated from 16,000 to about 17,000.
The Remscheid-primarily based heating know-how company Vaillant Group, which manufactured its name in gas heating, only switched its strategic concentration to heat pumps in 2016.
Up to €2bn has now been earmarked for investment decision in the expanding heat pump enterprise. Particular focus is on the growth of manufacturing and advancement capacities and the expansion of the vary of services for expert trade partners.
Series manufacturing will start out in autumn 2023 in a new mega manufacturing unit in Slovakia, which will exclusively create warmth pumps. This in addition to its existing heat pump ideas in Germany, France and England, will see output potential doubling to effectively over 500,000 heat pumps for every yr.
Substantial investments keep on to be made in he company’s headquarters in Remscheid. A state-of-the-artwork factory is at this time becoming built there, in which 12,000m2 has been allocated for the manufacturing ofelectronic warmth pump factors.
Vaillant has been concentrating product or service improvement on warmth pumps utilizing propane refrigerant and this will come to be the special refrigerant from 2025, the business says.