Evapco

Evapco Overview

Evapco Inc is primarily manufactures, develops, and provides services for heat transfer equipment for HVACR and industrial processes. The company operates through four business segments including commercial HVAC, industrial process, power generation, and industrial refrigeration. The industrial refrigeration segment offers the MCHE products to the clients. The company’s heat exchanger product line primarily consists of coils for various end-use industries. Additionally, the company also offers epoxy electro coating for protecting the coils from corrosion. Evapco also offers the Microchannel Select Software, which can help clients in product selection, product drawings, performance printouts, and generating product ratings.

Evapco has its offices in the regions of Asia-Pacific, Africa, Europe, North America, and South America. The company’s major branch offices are located in the countries of Australia, Belgium, Brazil, China, South Africa, and the US. The company supplies its products through a global network of 170 offices. Additionally, the company has 24 manufacturing plants spread across 10 countries. Evapco has a 60,000 square feet research center in Taneytown, the US. The center has eight environmental test chambers for testing various cooling equipment.

Strategy

Evapco is focused on organic growth and has made extensive investments in its R&D department for expanding its range of products and gain a larger share of the market. The company is also seeking opportunities to expand its product portfolio through the strategic acquisition of major players in the HVAC industry. For instance, Evapco acquired Alcoil USA LLC in October 2017 to form Evapco Alcoil Inc, which specializes in the manufacturing of aluminum brazed heat exchangers. The company has its sales offices in 170 locations, and it is continuously seeking opportunities for service and market development.

Company Snapshot

2,000

Employees

1976

Founded

Ohio, United States

Headquarters

SWOT Analysis

Strengths

Strong supply network
Wide range of HVAC products

Weaknesses

Lack of profits
Rise in cost of production

Opportunities

Increasing applications in the automotive industry
Scope for research & development

Threats

Fluctuating currency exchange rates
Volatile raw material prices

Key Developments

Date	Approach	Development
–	Expansion	Evapco inaugurated its new office in Dubai, UAE. The expansion is expected to boost sales in the Middle East.
–	Expansion	Evapco announced that the construction of its new manufacturing facility in Taneytown, the US. The expansion has substantially increased the company’s manufacturing capacity.
–	Acquisition	Evapco completed the acquisition of Alcoil USA LLC. The newly formed Evapco Alcoil Inc is focused on the manufacture of brazed aluminum heat exchangers for the HVAC/R and industrial process industries worldwide. The acquisition has substantially increased Evapco’s market share in the industry.

Product Offering

Evapco
- Microchannel Heat Exchanger

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