Emerson to Launch $100 Million Renovation Project For Its Facilities in Sidney, Ohio

Plans include updating and expanding office and lab space at key
location for the company’s air conditioning, heating and refrigeration
businesses

SIDNEY, Ohio–(BUSINESS WIRE)–Building on its longstanding commitment to west-central Ohio and to
advance its global leadership in the heating and cooling industry,
Emerson (NYSE: EMR) today announced plans for a major renovation and
expansion of the labs and offices at its existing
one-million-square-foot facility in Sidney, Ohio. The project is
expected to require $100 million in investments over the next four years.

Emerson will break ground in July on the first phase of construction,
which will include building a two-story office addition onto the current
facility and converting existing space to new and expanded engineering
laboratories. With a focus on creating an environment to attract
tomorrow’s engineers, scientists and industry leaders, the renovated
facility will facilitate cross-functional collaboration and provide an
efficient, modern workplace. A highlight of the project will be an
upgraded, cutting-edge lab space to conduct advanced performance and
refrigerant testing with its compressors and related products.

“Emerson is committed to growing our global leadership position in the
heating and cooling industry. To do that we need best-in-class
facilities that provide our current employees a cutting-edge space to
continue their critical work—and that help us attract the next
generation of engineers and scientists,” said Bob Sharp, executive
president for Emerson’s Commercial and Residential Solutions business.
“These facility improvements will enable us to develop next-level
technology and solutions to meet our customers’ future needs.”

The new construction projects in Sidney come just a year after Emerson
opened its Helix Innovation Center on the University of Dayton campus.
The Helix Innovation Center is an industry-first effort funded by
Emerson to spur research, collaboration and education across the heating
and cooling manufacturing industries (also known as the HVACR industry).

Since 1937, Sidney has been the home of Emerson’s world-renowned
Copeland™ compressors for air conditioning and refrigeration, and the
Sidney location today serves as the company’s headquarters in the
Americas for compressor technology and manufacturing. The renovated
facility will enable engineers to conduct research, development and
testing to develop future technologies for compressors, in addition to
manufacturing Copeland Scroll™ compressors, which are found inside air
conditioning systems for homes and commercial buildings, and in
refrigeration systems at retailers, restaurants and other institutions
worldwide. Globally, Emerson has produced 150 million Copeland Scroll
compressors and invested $1.5 billion to date in development of the
technology.

“Through our Copeland brand, we have a history in this area that
stretches back eight decades, as well as 1,700 employees at the Sidney
location who call Ohio’s Miami Valley region home,” said Brent
Schroeder, group president of heating and air conditioning for Emerson’s
Commercial and Residential Solutions business. “We are grateful for the
local, regional and state agencies and officials who have provided
support for this major renovation project. We are excited to get the
project underway and continue to build for a bright future.”

Construction of the new Emerson facilities in Sidney is being financed
by a capital lease agreement with the Dayton-Montgomery County Port
Authority. The project has also received support from JobsOhio, Shelby
County and the City of Sidney. Construction is slated to be completed by
2021.

About Emerson

Emerson (NYSE: EMR), headquartered in St. Louis, Missouri (USA), is a
global technology and engineering company providing innovative solutions
for customers in industrial, commercial, and residential markets. Our
Emerson Automation Solutions business helps process, hybrid, and
discrete manufacturers maximize production, protect personnel and the
environment while optimizing their energy and operating costs. Our
Emerson Commercial and Residential Solutions business helps ensure human
comfort and health, protect food quality and safety, advance energy
efficiency, and create sustainable infrastructure. For more information
visit Emerson.com.

Contacts

For Emerson
Ashley Wiehle, 314-982-7718
[email protected]