GlobeNewswire by notified

Armstrong International to Double Heat Pump Production Capacity in Herstal, Belgium

18.11.2025 07:00:00 CET | GlobeNewswire by notified | Press release

Share

Updated project scope to produce 100 MW of industrial high-temperature heat pumps by 2027

HERSTAL, Belgium, Nov. 18, 2025 (GLOBE NEWSWIRE) -- Armstrong International, a global leader in thermal utility solutions, is updating its plans for the expansion of its manufacturing site in Herstal, Belgium. Initially planned for an annual production of 50 MW of industrial high-temperature heat pumps, the project is being adapted to double its capacity to 100 MW per year by 2027.

The decision to further expand the project follows continued market momentum in industrial decarbonization, supported by the European Commission’s Innovation Fund, which plans to subsidize €1 billion to decarbonize industrial process heat by supporting projects that will electrify process heat using heat pumps and waste heat recovery.

“This is a significant investment for our team and a reflection of our long-term commitment to decarbonizing industry and advancing the global energy transition,” said Kurt Armstrong, CEO of Armstrong International. “As demand for industrial high-temperature heat pumps continues to grow, the Herstal expansion strengthens our position as a global manufacturer capable of meeting that demand, further complementing our production capabilities in the United States and India, as well as our established operations in China and Mexico.”

Armstrong finalized the acquisition of the industrial site this summer, which included a 3,700 m² production area scheduled for refurbishment as part of the project. The updated design expands this area to 7,000 m² to accommodate the new production line.

The refurbishment and expansion of the facility, located across from Armstrong’s current site in Herstal, will begin in 2026. Designed as an exemplary industrial site for the sustainable solutions offered by the group, the future factory will integrate sustainable technologies (geothermal energy, solar panels, water recovery, etc.). The facility will also include administrative offices, a high-temperature heat pump test bench and a training center; all demonstrating Armstrong's commitment to innovation and energy transition.

The new facility is expected to create approximately 77 direct jobs in Herstal and an additional 300 indirect jobs across the European value chain, supporting regional industry growth and the broader clean-energy transition.

Speaking on the market dynamics driving the expansion, Rossen Ivanov, EMEA Managing Director, Armstrong International, highlighted the growing impact of European policy support and the rise of large-scale decarbonization projects across the region.

“The new European Industrial Heat auction mechanism provides the additional funding to achieve the shorter payback periods expected by industrial plants,” said Ivanov. “While it doesn’t replace traditional financing, it rewards companies that have already prepared these projects, helping bring more installations online by 2030 and strengthening market confidence in the technology’s efficiency and reliability.”

Ivanov noted that, alongside growing demand from industrial customers, Armstrong is increasingly engaged in district heating projects that recover excess heat from industrial sites, data centers, and hydrogen electrolysers to supply both urban centers and other industrial facilities. “Our 1-megawatt heat pumps bring modularity to these projects—reducing costs while enhancing reliability and flexibility for capacity management as needs evolve,” said Ivanov.

By 2027, Armstrong’s worldwide manufacturing capacity for industrial high-temperature heat pumps is expected to reach 250 MW/year, positioning the company to meet growing global demand for decarbonization solutions.

Armstrong International’s CircularSteam project is funded by the European Union. Views and opinions expressed are however those of the author(s) only and do not necessarily reflect those of the European Union or the European Climate, Infrastructure and Environment Executive Agency (CINEA). Neither the European Union nor the granting authority can be held responsible for them.


ABOUT ARMSTRONG INTERNATIONAL
Armstrong International provides intelligent system solutions that improve utility performance, lower energy consumption, and reduce environmental emissions. As the industry’s leading thermal utility partner, Armstrong International can satisfy unique requirements while helping to improve efficiency and reduce energy consumption and emissions. The fifth-generation, family-owned business provides hardworking products, state-of-the-art technology, custom-engineered systems, and services, and more than a century of knowledge and experience—all organized with industry specificity. Founded in 1900, Armstrong International is headquartered in the United States, with manufacturing, sales and seminar centers located throughout the Americas, EMEA and Asia. For more information, visit armstronginternational.eu.

Contact press – Région EMEA :
Tracy Targnion
Armstrong International
ttargnion@armstronginternational.eu

Press Contact for North America :
Josh Skalniak
Lambert by LLYC
josh.skalniak@llyc.global


Photos accompanying this announcement are available at

https://www.globenewswire.com/NewsRoom/AttachmentNg/04a291c4-7e78-4db7-b691-a2b2ad7daa96

https://www.globenewswire.com/NewsRoom/AttachmentNg/85d51473-4b04-4ee2-b665-061ee33bb247

Subscribe to releases from GlobeNewswire by notified

Subscribe to all the latest releases from GlobeNewswire by notified by registering your e-mail address below. You can unsubscribe at any time.

Latest releases from GlobeNewswire by notified

Iveco Group signs a 150 million euro term loan facility with Cassa Depositi e Prestiti to support investments in research, development and innovation11.6.2024 12:00:00 CEST | Press release

Turin, 11th June 2024. Iveco Group N.V. (EXM: IVG), a global automotive leader active in the Commercial & Specialty Vehicles, Powertrain and related Financial Services arenas, has successfully signed a term loan facility of 150 million euros with Cassa Depositi e Prestiti (CDP), for the creation of new projects in Italy dedicated to research, development and innovation. In detail, through the resources made available by CDP, Iveco Group will develop innovative technologies and architectures in the field of electric propulsion and further develop solutions for autonomous driving, digitalisation and vehicle connectivity aimed at increasing efficiency, safety, driving comfort and productivity. The financed investments, which will have a 5-year amortising profile, will be made by Iveco Group in Italy by the end of 2025. Iveco Group N.V. (EXM: IVG) is the home of unique people and brands that power your business and mission to advance a more sustainable society. The eight brands are each a

DSV, 1115 - SHARE BUYBACK IN DSV A/S11.6.2024 11:22:17 CEST | Press release

Company Announcement No. 1115 On 24 April 2024, we initiated a share buyback programme, as described in Company Announcement No. 1104. According to the programme, the company will in the period from 24 April 2024 until 23 July 2024 purchase own shares up to a maximum value of DKK 1,000 million, and no more than 1,700,000 shares, corresponding to 0.79% of the share capital at commencement of the programme. The programme has been implemented in accordance with Regulation No. 596/2014 of the European Parliament and Council of 16 April 2014 (“MAR”) (save for the rules on share buyback programmes set out in MAR article 5) and the Commission Delegated Regulation (EU) 2016/1052, also referred to as the Safe Harbour rules. Trading dayNumber of shares bought backAverage transaction priceAmount DKKAccumulated trading for days 1-25478,1001,023.01489,100,86026:3 June 20247,0001,050.597,354,13027:4 June 20245,0001,055.705,278,50028:6 June20243,0001,096.273,288,81029:7 June 20244,0001,106.174,424,68

Landsbankinn hf.: Offering of covered bonds11.6.2024 11:16:36 CEST | Press release

Landsbankinn will offer covered bonds for sale via auction held on Thursday 13 June at 15:00. An inflation-linked series, LBANK CBI 30, will be offered for sale. In connection with the auction, a covered bond exchange offering will take place, where holders of the inflation-linked series LBANK CBI 24 can sell the covered bonds in the series against covered bonds bought in the above-mentioned auction. The clean price of the bonds is predefined at 99,594. Expected settlement date is 20 June 2024. Covered bonds issued by Landsbankinn are rated A+ with stable outlook by S&P Global Ratings. Landsbankinn Capital Markets will manage the auction. For further information, please call +354 410 7330 or email verdbrefamidlun@landsbankinn.is.

Relay42 unlocks customer intelligence with a new insights and reporting module, powered by Amazon QuickSight11.6.2024 11:00:00 CEST | Press release

AMSTERDAM, June 11, 2024 (GLOBE NEWSWIRE) -- Relay42, a leading European Customer Data Platform (CDP), is leveraging Amazon QuickSight to power its new real-time customer intelligence, reporting, and dashboard module. Harnessing the breadth and quality of customer data, the new Insights module empowers marketing teams to dive deep into customer behaviors and gain invaluable insights into the performance of their marketing programs across all online, offline, paid, and owned marketing channels. Preview of the Relay42 Insights module, in pre-beta version Key capabilities of the Relay42 Insights module include: Deep insights into customer behaviors: With the Relay42 Insights module, marketers can ask unlimited questions about their data and gain a deeper understanding of how to serve their customers more effectively. Simplicity with AI-powered querying: Marketers can use artificial intelligence to query their data using natural language search, reducing the reliance on data scientists. Us

Metasphere Labs Announces X Spaces Event on the Topic of Green Bitcoin Mining and Sound Money for Sustainability11.6.2024 10:30:00 CEST | Press release

VANCOUVER, British Columbia, June 11, 2024 (GLOBE NEWSWIRE) -- Metasphere Labs Inc. (formerly Looking Glass Labs Ltd., "Metasphere Labs" or the "Company") (Cboe Canada: LABZ) (OTC: LABZF) (FRA: H1N) is thrilled to announce an engaging Twitter Spaces event on Green Bitcoin mining, energy markets, and sustainability on July 3, 2024 at 2 p.m. ET. Follow us on X at MetasphereLabs for updates and to join the event. What We'll Discuss Bitcoin Mining Basics: Understand the fundamentals of Bitcoin mining.Energy Market Dynamics: Explore how Bitcoin mining interacts with energy markets.Sustainable Innovations: Learn about our efforts to promote sustainability in Bitcoin mining.Sound Money: Discover how tamper-proof currency can enhance stability.Efficient Payment Rails: See how fast, neutral payment systems support humanitarian projects.Carbon Footprint: Compare Bitcoin's environmental impact with traditional banking. "We're excited to host this event and dive into the critical topics of Bitcoin

World GlobeA line styled icon from Orion Icon Library.HiddenA line styled icon from Orion Icon Library.Eye