financetom
Business
financetom
/
Business
/
Carrier to invest $1 billion to boost US production
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
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.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Scilex Seeks FDA Approval to Add Dosing Guidance to Gout Treatment Drug Label
Scilex Seeks FDA Approval to Add Dosing Guidance to Gout Treatment Drug Label
Mar 20, 2024
12:07 PM EDT, 03/20/2024 (MT Newswires) -- Scilex Holding ( SCLX ) said Wednesday it plans to seek approval from the US Food and Drug Administration to change the label of gout drug Gloperba to add dosing guidance for people with renal impairment and other circumstances. Gloperba -- a liquid and oral formulation of gout drug colchicine -- is used...
Boeing's ongoing 737 MAX crisis
Boeing's ongoing 737 MAX crisis
Mar 20, 2024
(Reuters) -The latest black eye for Boeing's top-selling 737 MAX aircraft occurred in January when a cabin panel blowout forced an Alaska Airlines flight to make an emergency landing. U.S. regulators briefly grounded certain planes for safety checks, a move less severe than the grounding of all MAX-family jets worldwide nearly five years ago following a pair of fatal crashes....
Brazil poised to get EU nod for more chicken exporting plants, minister says
Brazil poised to get EU nod for more chicken exporting plants, minister says
Mar 20, 2024
SAO PAULO, March 20 (Reuters) - Brazil could soon get approval to sell more meat products to the European Union, the South American nation's Agriculture Minister Carlos Favaro said on Wednesday. Favaro's remarks were made during a visit to a BRF SA ( BRFS ) chicken plant in Lucas do Rio Verde, Mato Grosso state, which he said received a...
TIMELINE-Boeing's ongoing 737 MAX crisis
TIMELINE-Boeing's ongoing 737 MAX crisis
Mar 20, 2024
(Updates with latest events) March 20 (Reuters) - The latest black eye for Boeing's ( BA ) top-selling 737 MAX aircraft occurred in January when a cabin panel blowout forced an Alaska Airlines flight to make an emergency landing. U.S. regulators briefly grounded certain planes for safety checks, a move less severe than the grounding of all MAX-family jets worldwide...
Copyright 2023-2026 - www.financetom.com All Rights Reserved