When it comes to air conditioning, Carrier is a household name. Known for their high-quality and innovative products, Carrier has been a leader in the HVAC industry for over a century. But what many people don't know is that Carrier has a sister company that has played a significant role in their success.
The Birth of Carrier Corporation
In 1915, Willis Carrier invented the first modern air conditioning system, forever changing the way we live and work. His invention was so groundbreaking that he founded the Carrier Engineering Corporation to manufacture and sell his air conditioning units. Over the years, the company grew and expanded its product line to include not just air conditioners but also heating systems, refrigeration units, and more.In 1930, the company changed its name to Carrier Corporation to reflect its diverse range of products.
The Rise of United Technologies Corporation
In 1975, Carrier Corporation became a subsidiary of United Technologies Corporation (UTC), a multinational conglomerate that specializes in aerospace, building systems, and industrial products. UTC was founded in 1934 and has since grown into one of the largest companies in the world. As a subsidiary of UTC, Carrier Corporation continued to thrive and innovate. In 1980, they introduced the first ever programmable thermostat, making it easier for homeowners to control their indoor climate. And in 1990, they launched the first ever environmentally-friendly refrigerant, setting a new standard for sustainability in the HVAC industry.The Birth of Carrier's Sister Company
While Carrier Corporation was busy revolutionizing the HVAC industry, UTC was also expanding its portfolio through acquisitions.In 1979, UTC acquired Otis Elevator Company, a leading manufacturer of elevators and escalators. And in 1981, they acquired Sundstrand Corporation, a manufacturer of aerospace and industrial products. But it wasn't until 2002 that Carrier's sister company was officially born. That year, UTC merged Carrier Corporation with two of its other subsidiaries, Otis Elevator Company and UTC Fire & Security, to form UTC Climate, Controls & Security (UTC CCS).
The Role of UTC CCS
As the sister company of Carrier, UTC CCS is responsible for the design, manufacture, and sale of HVAC systems, elevators, escalators, fire safety systems, and security solutions. With over 200 locations worldwide and a team of over 60,000 employees, UTC CCS is a global leader in the building systems industry. One of the key benefits of having Carrier and Otis Elevator Company under the same umbrella is the ability to offer integrated building solutions.This means that buildings can have a seamless integration of their HVAC systems and elevators, resulting in improved energy efficiency and overall building performance.
The Impact on Carrier Air Conditioners
So how does Carrier's sister company affect their air conditioning business? For one, being part of a larger corporation allows Carrier to access resources and expertise that they may not have had as an independent company. This has allowed them to continue to innovate and stay ahead of the competition. Additionally, being part of UTC CCS has given Carrier access to a global network of customers and suppliers. This has helped them expand their reach and increase their market share in different regions around the world.The Future of Carrier Corporation
Today, Carrier Corporation continues to be a subsidiary of UTC CCS. They are still known for their high-quality air conditioning products and their commitment to sustainability.In fact, Carrier was recently named one of the World's Most Admired Companies by Fortune Magazine for their environmental and social responsibility efforts. As for UTC CCS, they are constantly looking for ways to improve and grow their business. In 2020, UTC announced that they will be splitting into three independent companies, with UTC CCS becoming its own standalone company. This move is expected to create even more opportunities for Carrier and their sister company to thrive and continue to lead the HVAC industry.
