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Trane Announces Opening of Global Design Centre in Chennai, India
Trane
2008-05-08
Trane Announces Opening of Global Design Centre in Chennai, India
Centre of Excellence Reiterates Company's Commitment to India market
Chennai, India, May 07, 2008 – Trane (NYSE: TT) announced today the launch of its first Design Centre in India in Chennai. Trane is a leading provider of energy efficient and environmentally responsible building management and indoor comfort systems.
The centre will support the India market and will be a global R&D facility for Trane controls. It will also have a state-of-the-art validation and verification capabilities. It is closely tied into various development programs and integrates seamlessly with other engineering centers. It is expected to exchange knowledge, expertise and best practices with Trane's design centres in Epinal, France, and Shanghai, China; as well as St. Paul, Minn., La Crosse, Wis., Tyler, Texas, and Clarksville, Tenn., all in the United States.
The design centre, located in Ascendas IT Park, will initially focus on controls embedded and application software engineering skills. "Chennai is the ideal place for us to expand our presence with a design centre because of the city's strength in software development and human capital," said Prakash Bedapudi, vice president, global engineering & technology for Trane.
"Being located in a region with a large supply of engineering talent, the centre can help accelerate new feature additions to existing products and reduce the time needed for new product introductions. In addition, it can help the company rapidly adapt its products to the demands of the dynamic and fast growing emerging markets," continued Prakash.
By playing a key enabler role for the company's growth in the region as well as globally, the centre will contribute toward improving area customers' overall product and service experience.
About Trane in India
Trane has been providing HVAC systems, services and solutions to customers in India since 1993. Trane systems can be found in leading luxury hotel chains, commercial buildings, malls and pharmaceutical companies in India. Trane's approach is to look at building systems as a long-term asset, ensuring that they are energy efficient and perform the way that was promised. Trane delivers through integrated systems with controls and comprehensive services. The setting up of the Design Centre extends Trane's commitment and investments into the country. Trane's business in India was established in 1993. It has distribution headquarters in Delhi as well as sales offices in Mumbai, Bangalore and Chennai.
Trane provides customers with heating, ventilating and air conditioning (HVAC) equipment, systems and services that are energy efficient and environmentally responsible.
Trane's HVAC expertise in India has provided comfort systems to Reliance Industries, Dr. Reddy Labs, Ranbaxy Laboratories, Unitech Ltd. and others. In the region, Trane's customers also include prestigious hotel groups such as Hyatt Regency, Oberoi, Marriott, Intercontinental and Starwood. Trane has been associated with the Green Building Congress in India for the last four years and has provided solutions to prominent Green Buildings in India such as Gold-rated Olympia Technology Park in Chennai and Platinum-rated Spectral Services Consultants in Noida. Trane India Limited received the Frost & Sullivan Emerging Company of the Year Award for Energy Management Services (India) in 2007. Also in 2007, the U.S. Environmental Protection Agency awarded Trane CenTraVacTM with Best-of-the-Best Stratospheric Ozone Award.
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About Trane
Trane Inc. (NYSE: TT) provides heating, ventilation and air conditioning (HVAC) systems and services that enhance the quality and comfort of the air in homes and buildings around the world. The company offers customers a broad range of energy-efficient HVAC systems; dehumidifying and air cleaning products; service and parts support; advanced building controls; and financing solutions. The company's HVAC systems and services have leading positions in premium commercial, residential, institutional and industrial markets; a reputation for reliability, high quality and product innovation; and a powerful distribution network. Trane's 2007 annual revenues were approximately $7.45 billion and the company has about 29,600 employees worldwide. For more information, visit these Web sites: www.trane.com and www.americanstandardair.com.
On Feb.1, 2007, Trane, then known as American Standard Companies and traded on the New York Stock Exchange (NYSE) under the symbol "ASD," announced plans to separate its three businesses. On July 31, 2007, the company completed the spinoff of its Vehicle Control Systems business as an independent company known as WABCO (NYSE:WBC). On Oct. 31, 2007, the company sold its Bath and Kitchen business to funds advised by Bain Capital Partners, LLC. On Nov. 28, 2007, the company changed its name to Trane to reflect its focus on its remaining business, Air Conditioning Systems and Services. On Dec. 17, 2007, Trane announced that it had entered into an agreement to be acquired by Ingersoll-Rand Company Limited (NYSE: IR). The agreement is expected to be finalized in the second quarter of 2008.
For more information, reporters may contact:
Perri Richman, 1-732-980-6386, prichman@americanstandard.com
Suvidha Singh, 91-9999799157, suvidha@2020india.com
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