Community Update
Sharing good news from the heat exchanger community and wider industry....
Elliott Tool Technologies announces leadership changes to drive growth
Elliott Tool Technologies has announced a series of leadership promotions designed to strengthen its strategic direction, accelerate product development, and enhance customer support. Mike Nemeth has been promoted to Chief Executive Officer( CEO), while Nathan Fultz will take on the role of President. Thomas Wagner has been elevated to Vice President of Sales and Marketing, and Zach Bussard has been appointed West Area Sales Manager. |
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The company stated that these structural changes reflect its ongoing commitment to customerfocused service and continuous improvement. By expanding its leadership team, Elliott Tool Technologies aims to better understand customer needs, streamline processes, and deliver faster, more reliable solutions. Founded on a customer-first approach, Elliott Tool Technologies said the changes will allow it to |
engage more deeply with clients while leveraging resources to provide |
exceptional service and product innovation. |
Worley appoints former Incitec Pivot CEO to Board
Worley announced the appointment of Jeanne Johns as an independent Non-Executive Director of its Board, effective 1 September 2025. Jeanne brings more than three decades of international leadership experience across refining, petrochemicals, oil and gas, fertilizers, and civil explosives. She served as CEO and Managing Director of Incitec Pivot from 2017 to 2023, and previously spent 30 years with BP in senior roles across the US, Europe, and Asia. Jeanne is also a non-executive director of HF Sinclair. Her appointment adds deep operational, project, and HSE expertise, as well as global perspective in Worley’ s key markets. Chair of Worley, John Grill AO, welcomed Jeanne’ s appointment, saying her experience will significantly strengthen the Board’ s capabilities. Worley also announced the retirement of Non-Executive Director Sharon Warburton, effective 31 August 2025. Sharon joined the Board in 2019, serving as Chair of the Audit and Risk Committee from 2023 to 2024. Grill thanked her for her valued contributions and leadership.
Munters invests in Norway’ s Capsol to strengthen carbon capture offering
Munters, a global leader in energy-efficient air treatment and climate control, is increasing its ownership in Capsol Technologies ASA and expanding their strategic partnership to include commercial collaboration. Capsol, listed on Euronext Oslo Børs, is a leading provider of carbon capture technology. After joining Capsol’ s 2024 investment round, Munters has now agreed to acquire newly issued shares worth EUR 2 million, raising its stake to around 7 %. Together, the companies will pursue joint go-to-market opportunities, combining Capsol’ s carbon capture process with Munters’ mass transfer and mist elimination solutions.“ Strengthening our partnership with Capsol enables us to offer more comprehensive solutions for industries looking to cut carbon emissions,” says Henrik Teiwik, President of Munters AirTech.“ Carbon capture is a key growth area for Munters.”
Capsol CEO Wendy Lam added:“ Our technologies complement each other. By extending into commercial collaboration, we can support customers in advancing projects with greater speed and confidence.”
Danfoss opens largest global facility in China to power green transition
Danfoss, the Danish multinational engineering group, has inaugurated its largest global production facility in Haiyan, China, marking a major step in its commitment to support China’ s green transition and sustainable growth. Spanning 126,000 sqm, the new Haiyan
Second Campus more than doubles Danfoss’ local presence and integrates manufacturing across all three business segments, along with two Application Development Centers. The facility will produce advanced technologies such as
drives, compressors, hydraulic components, and heat exchangers— key solutions for decarbonizing China’ s buildings, transport, and energy sectors. Built to worldclass standards, the campus also demonstrates Danfoss’ own sustainability goals, operating with a three-step decarbonization strategy and sourcing 100 % green electricity from 2025, cutting carbon emissions by 40,000 tons annually. The opening ceremony was attended by Danish and Chinese officials, Danfoss executives, and representatives of its founding family. As Danfoss celebrates 30 years in China and 20 years in Haiyan, the new campus underscores its strong partnerships and long-term commitment to the region.
6 Heat Exchanger World October 2025 www. heat-exchanger-world. com