Despite Spain’s recession there are some sectors of the AC&R industry still thriving. For example, Termoven who manufactures a range of equipment including air handling units and fan coils is expanding production at its 13,000 m2 facility near Madrid. In a recent interview – reported in the magazine El Instalador – strategic director Ivan Campos said that the company was the market leader in Spain in the packaged air conditioner sector and was still independent of outside capital. The aim is to become one of the world brands in the field of applied air conditioning, with a strategy which includes an increasing presence at international exhibitions and more investment in research.