Air Conditioning saw worldwide sales increase by 50.5% in the
last quarter of 2010, compared to the same period in 2009.
Full year sales reached $4.2bn, 12.2% higher than 2009.
Significant growth was experienced in Middle East, Africa,
Central and South America and stronger overseas commercial ac
The Korean manufacturer also confirmed that it would not be
making a bid for US air conditioner manufacturer Goodman
Global despite being approached by San-Francisco-based private
equity firm Hellman & Friedman. Japanese manufacturer
Daikin is still considering making a bid.