Embraco
{{Short description|Brazilian manufacturer of compressors for refrigeration systems}}
{{Infobox company
| name = Embraco
| logo = Embraco logo.svg
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| industry = Manufacturing
| products = Refrigeration compressors and condensing units
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| num_employees = 10,000+
| parent = Nidec Corporation
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| foundation = 1971
| location_city = Joinville, Santa Catarina
| location_country = Brazil
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| homepage = [http://www.embraco.com/ www.embraco.com]
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Embraco is a manufacturer of compressors for refrigeration systems that was founded in 1971 in Brazil. Embraco produces hermetic compressors, condensing units, and sealed units, for domestic and commercial use.
Its headquarters and main factory is in Joinville, Santa Catarina in the southern region of Brazil.{{cite book|url=http://www.embraco.com.br/entrada.htm|title=Embraco|publisher=Embraco|year=2008|isbn=978-85-240-3919-5|location=Joinville, Brazil|language=Portuguese|format=PDF|accessdate=2008-01-25|archiveurl=https://web.archive.org/web/20080222153153/http://www.embraco.com.br/entrada.htm|archivedate=2008-02-22|url-status=dead}} Embraco also has factories in China, Mexico and Slovakia, as well as business offices in Turin (Italy), Moscow (Russia) and Atlanta (United States).{{Cite web|title=Sobre a Embraco|url=https://www.embraco.com/pt/sobre-a-embraco/|access-date=2020-11-15|website=Embraco|language=pt-BR}}
Embraco employs approximately 10,000 people worldwide. The firm invests heavily in product design and manufacturing, and supplies large international household refrigeration OEMs as well as the biggest manufacturers of commercial refrigeration equipment.{{cite book|url=https://www.justice.gov/atr/public/criminal/sherman10.html|title=Sherman Act Violations Yielding a Corporate Fine of $10 Million or More|publisher=U.S.Justice Dept.|location=Wash., D.C.|accessdate=2012-11-27|year=2012}}
History
Embraco was founded in Joinville, in the Southern region of Brazil, in 1971. It was founded to supply the Brazilian refrigeration industry which, until then, relied entirely on imported compressors. A few years after its inauguration it began to export to other countries in the Americas.
In the 1980s, the sales and distribution structure reached over 80 countries. Anticipating a globalized economy, the company decided to set up production bases overseas.
In 2014, Embraco announced linear compressors which were claimed to be more compact than other compressors and to be oil-free.https://www.coolingpost.com/world-news/oil-less-linear-compressor-launched/https://www.acr-news.com/embraco-claims-oil-less-compressor-breakthrough
In 2018, Embraco closed its factory in Turin and moved it to Slovakia, albeit leaving a business office in Turin.{{in lang|it}}[http://torino.repubblica.it/cronaca/2018/02/19/news/embraco_i_lavoratori_in_corteo_davanti_alla_fabbrica_traffico_bloccato_a_riva_di_chieri-189219265/ La Repubblica]
In April 2018, Whirlpool Corporation entered into an agreement with Nidec Corporation to sell Embraco for $1.08 billion.{{Cite news|url=https://www.nasdaq.com/article/whirlpool-to-sell-embraco-business-to-nidec-for-108-bln-in-cash--quick-facts-20180424-00142|title=Whirlpool To Sell Embraco Business To Nidec For $1.08 Bln In Cash - Quick Facts|date=2018-04-24|work=NASDAQ.com|access-date=2018-06-06|language=en-us}}
Headquartered in Brazil, Embraco had been a Whirlpool Corporation business unit since 1994.
References
{{Reflist}}
External links
- [http://www.embraco.com/ www.embraco.com] — Embraco
{{Authority control}}
Category:2019 mergers and acquisitions
Category:Brazilian companies established in 1971
Category:Brazilian subsidiaries of foreign companies
Category:Companies based in Joinville
Category:Heating, ventilation, and air conditioning companies
Category:Manufacturing companies established in 1971