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Carrier Global

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Carrier Global Corporation
Company typePublic
IndustryHeating, Ventilating and Air Conditioning (HVAC) Systems
Founded1915; 109 years ago (1915) Syracuse, New York
FounderWillis Carrier
Headquarters13995 Pasteur Boulevard
Palm Beach Gardens, Florida 33418
Key people
Dave Gitlin (CEO)
Number of employees
~53,000
Websitecorporate.carrier.com

Carrier Global Corporation is an American corporation based in Palm Beach Gardens, Florida. Carrier was founded in 1915 as an independent company manufacturing and distributing heating, ventilating and air conditioning (HVAC) systems, and has since expanded to include manufacturing commercial refrigeration and foodservice equipment, and fire and security technologies.

As of 2020, it was a $18.6 billion company with over 53,000 employees serving customers in 160 countries on six continents.[1][2]

Carrier was acquired by United Technologies in 1979, but it was spun off as an independent company 41 years later in 2020, as was the Otis Elevator Company.[3][4]

History

Willis Carrier is credited with inventing modern air conditioning in 1902. In 1915, Carrier and six other engineers pooled $32,600 to form the Carrier Engineering Corporation.[5] They purchased their first factory in 1920, in Newark, New Jersey.

The corporation bearing his name marketed its air conditioner to the residential market in the 1950s, which led to formerly sparsely populated areas such as the American Southwest becoming home to sprawling suburbs.

In 1955, Carrier merged with Affiliated Gas Equipment, Inc., which owned the Bryant Heater Co., Day & Night Water Heater Co., and Payne Furnace & Supply Co.[6]

A Carrier commercial service van in Montreal, Canada in August 2008

Carrier Corporation was acquired by United Technologies Corporation (UTC) in July 1979.[7] Prior to the acquisition by UTC, Carrier Corporation was known as the Carrier Air Conditioning Company.

International Comfort Products (ICP), headquartered in Lewisburg, Tennessee, was acquired by Carrier in 1999. In the 1990s Carrier stopped using the "Day & Night" brand (which was the "D" in the BDP division, or Bryant-Day & Night-Payne) but it was revived in 2006 by ICP.

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 (Onondaga Co) plant. This led to the layoff of 1000 employees.[8]: 269 

In early 2008, Carrier acquired Environmental Market Solutions, Inc. (EMSI), an environmental and green building consulting company based in the United States. The company has received Leadership in Energy and Environmental Design (LEED) certification from the US Green Building Council for its factories in Charlotte, NC, and Huntington, IN (2009), Shanghai, China (2010), and Monterrey, Mexico (2011).[9]

In September 2013, Carrier, Otis, and United Technologies Fire and Security were combined into one subsidiary, UTC Building & Industrial Systems. In 2016, Otis was split off, with the remainder becoming UTC Climate, Controls & Security.

In January 2016, Carrier announced it would lay off an unspecified number of employees at its research and development division in the town of DeWitt, New York.[10][11]

In February 2016, Carrier announced it would close its Indianapolis factory and move production to Monterrey, Mexico. HVAC Systems and Services North America president Chris Nelson cited "ongoing cost and pricing pressures" and Carrier's "existing infrastructure and a strong supplier base" in Mexico, saying that the move would allow the company "to operate more cost-effectively."[12][13] The Carrier spokesperson told the crowd that there would be no immediate impact on jobs, that the move would take place over three years, and no jobs would be affected until mid-2017, with the move to be completed by the end of 2019.[14]

Over the November 2016 Thanksgiving holiday weekend, President-Elect Donald Trump tweeted that he was in talks with Carrier Management to keep the factory in Indiana and not move to Mexico.[15]

On November 30, 2016, Carrier announced that it had negotiated an agreement[16] with President-elect Trump and Vice President-elect Mike Pence to continue manufacturing gas furnaces in Indianapolis, in addition to retaining engineering and headquarters staff, preserving more than 1,000 jobs in Indianapolis.[17] The agreement included a state incentive package of about $7 million over 10 years.[18] The number of jobs saved was later revised down to 800.[19][20]

In May 2017, as part of their previously announced plan, Carrier told the state of Indiana that it will cut 632 jobs from its Indianapolis factory.[21] Layoffs began at the end of July, 2017 with each worker receiving one week's salary for each year of employment, education and job training, plus 6 months of health insurance as part of the severance package.[22][23]

The New York Times reported on August 10, 2018, that Carrier's Indianapolis furnace plant was plagued by low morale and absenteeism because "employees share a looming sense that a factory shutdown is inevitable — that Carrier has merely postponed the closing until a more politically opportune moment."[24]

On November 26, 2018, United Technologies announced that it would spin off UTC Climate, Controls & Security as an independent company known as Carrier Global Corporation.[25][26]

In March 2020, United Technologies announced that the separation and spin-off of Carrier had been completed.[27]

Syracuse, New York campus

Willis Carrier moved his facilities from New Jersey to Syracuse, New York, in the 1930s. During the late 20th century, when it was acquired by UTC, it was Central New York State's largest manufacturer. Due to increasing labor and union costs in the Central New York area, Carrier has substantially downsized its presence in Syracuse, with manufacturing work being moved to a variety of domestic and international locations. Meanwhile, managerial employees were moved closer to UTC's Connecticut corporate headquarters which represented a challenge to the local economy. Over the course of 2011, the majority of the manufacturing buildings of the Syracuse campus were demolished at a cost of nearly $14 million. Despite the loss of manufacturing jobs, the suburban Syracuse Campus, in DeWitt, New York, remained the primary engineering and design center for Carrier products, with over 1,000 employees and contractors on site. This site also houses the Customer Care Call Center for Carrier branded products.[28]

In 1980, Carrier was allowed to name the Carrier Dome, the football and basketball arena at Syracuse University, after Mel Holm, the company's then-CEO chair of the university's Board of Trustees, gave the university $2.75 million toward the facility's construction. Despite being named for an air conditioner manufacturer, the Carrier Dome is not air-conditioned, though it will be after renovations are completed in 2022.

Brands

HVAC[29]

  • Carrier
  • Arcoaire
  • Bryant
  • Carlyle
  • CIAT
  • Comfortmaker
  • Day & Night
  • Heil
  • Keeprite
  • Payne
  • Riello
  • SLD Pumps & Power
  • Spot Coolers
  • Tempstar
  • Toshiba-Carrier
  • Totaline
  • Automated Logic
  • NORESCO

Refrigeration[30]

  • Carrier
  • Carrier Transicold
  • Sensitech
  • Profroid
  • Celsior
  • Green & Cool

Fire & Security[31]

  • Autronica
  • Chubb Security
  • Det-Tronics
  • Edwards
  • Fireye
  • GST
  • Kidde
  • Kidde Fire Systems
  • LenelS2
  • Marioff
  • Onity
  • Supra
  • Badger
  • Counterforce
  • SMC
  • Fenwal Controls
  • Quell
  • UTEC
  • VitalCall

See also

References

  1. ^ "Carrier Reports First Quarter 2020 Earnings". corporate.carrier.com. Retrieved May 31, 2020.
  2. ^ "Carrier Becomes Independent, Publicly Traded Company, Begins Trading on New York Stock Exchange". corporate.carrier.com. Retrieved May 31, 2020.
  3. ^ Corp., United Technologies (2020-03-11). "United Technologies Board Of Directors Approves Separation Of Carrier And Otis And Declares Spin Off Distribution Of Carrier And Otis Shares". PR Newswire. Retrieved 2020-04-04.
  4. ^ "Carrier History".
  5. ^ "Carrier Corporation: Interactive Timeline". Carrier Corporation. Archived from the original on 8 July 2012. Retrieved 14 July 2012.
  6. ^ "Merger Vote Set By Carrier Corp". New York Times. 1955-01-29.
  7. ^ "U.T.C. and Carrier Reach Agreement". New York Times. 1979-03-31.
  8. ^ Eisenstadt, Peter R.; Moss, Laura-Eve (eds.). "Carrier Corporation - Carrier Dome". The Encyclopedia of New York State. Syracuse University Press. ISBN 0-8156-0808-X.
  9. ^ "Carrier Corp.'s Mexico Factory First HVAC Factory in the World to Receive LEED Gold Certification". Carrier Corp. Retrieved 9 August 2015.
  10. ^ "Carrier announces layoffs in DeWitt". Pressconnects.com. 2016-01-22. Retrieved 2016-02-18.
  11. ^ "Carrier Corp. cutting jobs in DeWitt". Syracuse.com. Retrieved 2016-02-18.
  12. ^ "Thousands to be laid off as 2 Indiana companies announce move to Mexico | Fox News Latino". Latino.foxnews.com. Retrieved 2016-02-18.
  13. ^ "Carrier in Indy, UTEC in Huntington to move units to Mexico, costing 2,100 jobs". Indystar.com. 2016-02-12. Retrieved 2016-02-18.
  14. ^ "Mediatakeout - 1400 Indiana Jobs . . . To MEXICO!!". Facebook. 2016-02-12. Retrieved 2016-02-18.
  15. ^ "Trump lobbies Carrier to keep Indiana plant open". Usatoday.com. Retrieved 2016-11-24.
  16. ^ "Carrier Statement Regarding Indianapolis Operations". Carrier. Retrieved 2016-12-08.
  17. ^ "Carrier won't move nearly 1,000 to Mexico". Washington Post. Retrieved 2016-12-08.
  18. ^ "Trump-Carrier Deal Gives Company $7 Million in State Incentives". Bloomberg.com. Retrieved 2016-12-08.
  19. ^ Cook, Tony (9 December 2016). "Trump saved 800 jobs in Indiana, but at least 2,100 still leaving". Indianapolis Star. Retrieved 9 December 2016.
  20. ^ Kessler, Glenn (5 December 2016). "Trump's misleading numbers about the Carrier deal". Washington Post.
  21. ^ "Layoffs at Carrier start soon, targeting some of the jobs Trump vowed to save". Los Angeles Times. 2017-05-25. ISSN 0458-3035. Retrieved 2017-10-31.
  22. ^ "Factory where Trump promised to save jobs lays off 300 staff on his 6-month anniversary as President". The Independent. 2017-07-19. Retrieved 2017-10-31.
  23. ^ "Carrier plant Trump boasted of saving jobs at begins layoffs". NBC News. Retrieved 2017-10-31.
  24. ^ "At Carrier, the Factory Trump Saved, Morale Is Through the Floor". Retrieved 12 August 2018.
  25. ^ Craver, Richard (2018-11-27). "UTC completes $30B deal for Rockwell Collins, announces three-way split of company". Winston-Salem Journal.
  26. ^ Mattioli, Dana; Gryta, Thomas (November 26, 2018). "United Tech to Break Itself Into Three Companies". Retrieved June 10, 2019 – via www.wsj.com.
  27. ^ "United Technologies Board Of Directors Approves Separation Of Carrier And Otis And Declares Spin-Off Distribution Of Carrier And Otis Shares". StreetInsider.com. Retrieved 2020-03-12.
  28. ^ "Carrier's Dewitt campus has been transformed to development hub". The Post-Standard. 2012-05-21. Retrieved 24 July 2012.
  29. ^ https://www.corporate.carrier.com/our-segments/hvac/
  30. ^ https://www.corporate.carrier.com/our-segments/refrigeration/
  31. ^ https://www.corporate.carrier.com/our-segments/fire-security/
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