‘Europe’s biggest wholesaler’ and owner of Dean & Wood points to increased refrigerant change due to F-Gas as annual sales pass half a billion pounds
Beijer Ref has posted fourth quarter sales up 12.6 per cent to £141 million as its turnover hit £520 million in 2014.
The company said behind the quarter’s sales increase lies a positive development in Central Europe, the Nordic countries and A&A whereas the southern and east European markets report a weak demand.
For the 2014 full year, operating profit amounted to £48.4 million, an organic increase of 23 per cent.
The company said: “On 12 March, the EU Parliament voted ‘yes’ to the proposal about a new f-gas ordinance which was confirmed by the Council of Ministers in a vote on 14 April. As a result, the decision to phase out refrigerants with fluorised greenhouse gases (f-gases) has come into force which is predicted to have a positive effect on Beijer Ref through the investments in new technology which the end customers will gradually need to make and where Beijer Ref is well prepared for the new rules and regulations.”
It said: “The phasing out of old refrigerants means that a comprehensive adaptation of the refrigeration sector is likely. New environment-friendly refrigerants – either natural, such as carbon dioxide, or synthetic, will replace the current HFC-based technology. Beijer Ref stands well equipped for this change-over with its long experience within carbon dioxide-based solutions.
In January 2015, Beijer Ref signed a new exclusive distribution agreement with Carrier, giving it the exclusive right to sales and service of the DX comfort cooling products in Europe. Beijer Ref already has the sole right for the distribution of Toshiba’s air-conditioning units, heat pumps and ventilation systems, and the agreement with Carrier further strengthens the Group’s product supply.
The company said that manufacturing would have renewed focus : “Since the acquisition of the remaining 49 per cent of the shares in SCM Frigo in July 2014, the Group’s newly-established Beijer Ref OEM business area, under the management of the Italian company, has increased its venture into own production of both standardised and customer-adapted environment-friendly refrigeration systems as well as the training of customers and suppliers in environment-friendly refrigeration technology under the name, Beijer Ref Academy. The first company in addition to SCM Frigo to adapt the new manufacturing concept was DEM in Vislanda, under the name SCMREF AB. During 2015, Beijer Ref’s own operation will be made more efficient under the management of its Italian production company.”