Trane

This article is about the HVAC company. For other uses, see Trane (disambiguation).
Trane Inc.
Subsidiary of Ingersoll Rand
Industry General building materials
Founded 1913 as The Trane Company
La Crosse, Wisconsin
2007 (reincorporated as successor to American Standard Companies)
Headquarters Piscataway, New Jersey, USA
Products Building management systems, HVAC equipment
Revenue Increase$10.264 billion USD (2005)
Increase$875.400 million USD (2005)
Increase$556.300 million USD (2005)
Number of employees
 29,000 (2007)
Website www.trane.com

Trane Inc. is a subsidiary of Ingersoll Rand and is the successor company to the American Standard Companies. It is a global provider of heating, ventilating and air conditioning (HVAC) systems and building management systems and controls under the Trane and American Standard brand names. Its offerings include service and parts support and financial solutions.

A global, diversified manufacturing and services organization, Trane employs more than 29,000 people at 104 manufacturing locations in 28 countries, and has annual sales of more than $8 billion. In addition to their activity in HVAC systems, Trane is involved in energy conservation and renewable energy projects.

Trane has offices, service operations, joint ventures and manufacturing facilities around the world. Trane has its international headquarters in Piscataway, New Jersey.

History

Trane chiller

In 1885, James Trane, a Norwegian immigrant from Tromsø, opened his own plumbing and pipe-fitting shop in La Crosse, Wisconsin. He designed a new type of low-pressure steam heating system, Trane vapor heating. Reuben Trane, James' son, earned a mechanical engineering degree (B. S. 1910) at the University of Wisconsin–Madison and joined his father's plumbing firm.[1] In 1913, James and Reuben incorporated The Trane Company. It was Reuben's invention of the convector radiator in 1923 that firmly established the company's reputation as an innovator, a reputation Trane people have been building on ever since.[2]

By 1916, the Tranes were no longer in the plumbing business, but rather were focusing their attention on manufacturing heating products. Reuben conceived the idea of the first convector radiator in 1925 which replaced the heavy, bulky, cast-iron radiators that prevailed at the time. Trane's first air conditioning unit was developed in 1931.

In 1982, Trane purchased General Electric's Central Air Conditioning Division. With that purchase came many of the most recognizable traits of Trane's residential air conditioning products. Many of those traits, like the all aluminum spiny outdoor coil and the all aluminum evaporator coil, are still found in Trane's current residential equipment lines.[3]

In 1984, Trane was acquired by American Standard Inc., and became a fixture in the American Standard Companies business. Following a leveraged buyout in 1988, American Standard returned as a publicly held corporation in 1995.[4]

Breakup of American Standard

On February 1, 2007, American Standard Companies announced it would break up its three divisions. The company sold off its namesake kitchen and bath division and spun off WABCO, American Standard's vehicle controls division, while retaining The Trane Company. American Standard then renamed itself Trane Inc. effective November 28, 2007.[5][6]

Acquisition by Ingersoll Rand

On December 17, 2007, Trane announced it had agreed to be acquired by Ireland-based Ingersoll Rand in a cash and stock transaction.[7][8][9][10] The sale was completed on June 5, 2008.[11][12]

Famous Trane buildings

[13] [14]

Manufacturing locations

Commercial Products manufacturing locations

Residential Products manufacturing locations

Other offices

Controversy

On July 2, 2011, a Trane project manager and three employees from O-Ryun Engineering died while servicing HVAC equipment at an E-Mart store in Seoul, South Korea. This included one college student from University of Seoul.[15] The family of the deceased claimed that either one or both of E-Mart and Trane have responsibility upon the tragedy,[16] and that E-Mart refuses to meet with them to settle the matter. Trane has agreed to cooperate fully with authorities and investigators and is conducting its own investigation to determine if safety practices need to be revised. Trane has said they act in accordance with the law.[17]

References

  1. ↑ Trane Culture » Our History (Trane Inc.)
  2. ↑ "Trane: Our History" (Trane Inc.)
  3. ↑ http://cleanairac.com/products/trane-heating-and-air-conditioning
  4. ↑ History of Trane 2004.p65
  5. ↑ Trane - News Release
  6. ↑ La Crosse Tribune - 7.0 : Area leaders optimistic about company’s name change, but none predict that the headquarters will return to city
  7. ↑ Trane : Ingersoll Rand To Acquire Trane
  8. ↑ La Crosse Tribune - 7.0 : Ingersoll-Rand to buy Trane for $10.1 billion
  9. ↑ La Crosse Tribune - 7.0 : Reaction to Trane sale cautious; mayor disappointed
  10. ↑ La Crosse Tribune - 7.0 : Union: New owner good fit for Trane
  11. ↑ http://www.forbes.com/feeds/ap/2008/06/05/ap5087316.html
  12. ↑ Ingersoll Rand - Ingersoll Rand Completes Acquisition of Trane
  13. ↑ Trane: Corporate About (Trane Inc.)
  14. ↑ http://www.trane.com/commercial/uploads/pdf/cso/405/bd.pdf
  15. ↑ http://www.hani.co.kr/arti/society/society_general/485590.html
  16. ↑ https://www.koreatimes.co.kr/www/news/nation/2011/07/205_91195.html
  17. ↑ http://news.khan.co.kr/kh_news/khan_art_view.html?artid=201107272144215&code=940702

External links

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