Carrier Global to invest $600M in Fort Worth advanced manufacturing hub
Carrier Global announced a three‑year investment of more than $600 million to build a new advanced manufacturing and engineering center in Fort Worth, Texas. The over‑1‑million‑square‑foot facility will expand production of commercial chillers and create 1,500 jobs. Operations are slated to begin in 2027, and the plant will pursue LEED certification. The project is intended to boost U.S. manufacturing capacity and supply‑chain resilience for data‑center, healthcare, education and industrial customers.
Why it matters
The capital outlay will increase Carrier's fixed‑asset base and could support higher future sales of its commercial HVAC products, but the company did not provide guidance on the financial impact.
Key facts
- 1Carrier plans to invest over $600 million in the project. prnewswire.com
- 2The investment will be spread over three years. tradingview.com
- 3The new facility will be more than 1 million square feet. investing.com
- 4The project will create 1,500 jobs. prnewswire.com
- 5Operations are expected to begin in 2027. prnewswire.com
- 6The plant will pursue LEED certification. prnewswire.com
Open questions
- Material 5 says production will start in summer 2024, while other sources state operations begin in 2027.
Summary written by AlphAI AI Desk from 7 of 7 sources. Not investment advice. Figures are as stated by the linked sources.