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Koura Fluorochemicals Joins the Carrier Alliance Supplier Program

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Carrier Global Corporation (NYSE: CARR) has welcomed Koura Fluorochemicals as a new supplier in its Carrier Alliance program. This long-term strategic agreement allows Koura to expand its operations globally across Carrier's HVAC and Refrigeration portfolios in North America, Europe, and Asia Pacific. Carrier emphasizes quality, sustainability, and cost excellence in its partnerships, and Koura aligns with these values. This collaboration aims to enhance the supply chain and foster growth opportunities for both companies.

Positive
  • Koura joins the Carrier Alliance program, indicating a strengthened partnership.
  • Koura will supply refrigerants globally, enhancing its market reach.
  • The partnership emphasizes sustainability and cost excellence, aligning with industry goals.
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PALM BEACH GARDENS, Fla., Jan. 19, 2021 /PRNewswire/ -- Carrier Global Corporation (NYSE: CARR), a leading global provider of healthy, safe and sustainable building and cold chain solutions, is proud to announce that Koura Fluorochemicals, a leading refrigerant manufacturer and supplier, has joined the Carrier Alliance program. Koura, through its operating company, signed a strategic long-term supplier agreement with Carrier. With this long-term agreement, Koura will transition from a regional refrigerant supplier to a supplier across Carrier's HVAC and Refrigeration portfolios in North America, Europe and Asia Pacific.

"We are pleased to welcome Koura as one of the newest Carrier Alliance suppliers," said Ed Dunn, Vice President, Supply Chain, Carrier. "Koura has been a reliable refrigerant supplier to Carrier and we are pleased to expand the relationship globally through this new long-term agreement. The company shares our expansive geographic reach, focus on quality and cost excellence, and commitment to sustainability."

Carrier launched the Carrier Alliance program to help provide certainty, security and growth opportunities for Carrier and its key suppliers. Through the program, Carrier is identifying the best of the best, a select group of suppliers that share our expansive geographic reach, breadth of offering, focus on quality and cost excellence, and commitment to diversity and sustainability.

"Koura is very excited to strengthen our existing relationship with Carrier through the Carrier Alliance program," said Sameer Bharadwaj, President, Koura. "Koura and Carrier share the same values of a commitment to quality, cost excellence, and sustainability in all aspects of operations and look forward to the opportunity to grow with Carrier."

For more information, visit corporate.carrier.com/suppliers or follow Carrier on social media at @Carrier.

About Carrier 
As the leading global provider of healthy, safe and sustainable building and cold chain solutions, Carrier Global Corporation is committed to making the world safer, sustainable and more comfortable for generations to come. From the beginning, we've led in inventing new technologies and entirely new industries. Today, we continue to lead because we have a world-class, diverse workforce that puts the customer at the center of everything we do. For more information, visit www.Corporate.Carrier.com or follow us on social media at @Carrier.

CARR-IR

Contact:       
Danielle Canzanella
860-221-8457
Danielle.Canzanella@carrier.com

Cision View original content:http://www.prnewswire.com/news-releases/koura-fluorochemicals-joins-the-carrier-alliance-supplier-program-301210852.html

SOURCE Carrier Global Corporation

FAQ

What is the significance of Koura joining the Carrier Alliance program for CARR stock?

Koura's inclusion in the Carrier Alliance program enhances Carrier's supply chain and may positively affect CARR stock by expanding its refrigerant supply capabilities.

What markets will Koura serve under its agreement with Carrier?

Koura will supply refrigerants across Carrier's HVAC and Refrigeration portfolios in North America, Europe, and Asia Pacific.

How does Koura's partnership with Carrier align with CARR's sustainability goals?

Koura shares Carrier's commitment to sustainability, which is a key focus in their partnership and aligns with Carrier's overall business strategy.

When was the partnership between Carrier and Koura announced?

The partnership was announced on January 19, 2021.

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Building Products & Equipment
Air-cond & Warm Air Heatg Equip & Comm & Indl Refrig Equip
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United States of America
PALM BEACH GARDENS