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Carrier to invest $1 billion to boost US production
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Carrier to invest $1 billion to boost US production
May 26, 2025 6:48 AM

May 13 (Reuters) - Carrier Global ( CARR ) on Tuesday

announced plans to invest $1 billion over five years in the

United States, in response to President Donald Trump's policies

encouraging domestic production.

Global firms are boosting their investments and presence in

the U.S. after Trump's policies have pushed companies across

sectors, including Apple ( AAPL ) and Ford, to produce

within the country and generate jobs.

The additional headwind from Trump's tariffs has also caused

companies to rethink their supply chains.

Carrier said the move would generate 4,000 jobs, as it aims

to hire 1,000 U.S. service technicians, and train over 100,000

climate solutions service and sales professionals over the next

five years.

The additional investment will fund the expansion of

existing facilities and construction of a new site to support

production related to components of heat pumps and battery

assemblies.

Earlier this month, Carrier beat quarterly profit estimates

and raised its 2025 forecast amid strong demand for heating and

air conditioning products.

During President Trump's first term, Carrier and its

then-parent company, United Technologies Corp, abandoned plans

to close a plant and move 1,400 jobs to Mexico. In exchange, the

company received $7 million in state tax breaks to stay in

Indiana.

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