CAC 2000 eyes new energy solutions and smart HVAC systems, targeting both residential and construction markets

 



Air conditioning company CAC 2000 Limited indicates in its annual report, published June 2025 in  review of 2024, that going forward the company intends to grow the residential market and also expand adoption of smart and green HVAC technologies, for wide industry application.

Growth during 2024  was fueled by significant government projects including hospital upgrades,

For the fiscal year ended October 31, 2024, revenue grew by 46 per cent, reaching J$1.2 billion, was fueled by increased project volume following and expansion into complementary service lines.

Net profit was J$22.26 million, reversing the previous year’s loss of J$98.23 million. Total Assets increased to J$1.36 billion from J$1.32 billion in 2023. At year end cash & Bank Deposits were  J$59.9 million.

Earnings per Share (EPS) at year end was  J$0.17, compared to a loss per share of J$0.76 in 2023.

 The company said that it experienced  revived demand for HVAC installations and maintenance services within the construction and real estate sectors.

Additionally, it was noted the push for sustainable and energy-efficient solutions led to increased interest in CAC’s product offerings.

Management states that future growth strategies include expansion into Smart HVAC Systems introducing advanced remote monitoring and automation for energy efficiency, which is expected to increase market penetration.

There are also plans in place for new energy preservation solutions aimed at reducing carbon footprint and  creating new revenue opportunities.

CAC says it is also exploring opportunities in new Caribbean markets to diversify revenue streams and mitigate risks associated with domestic economic fluctuations.

 

In 2024  the Company faced significant logistical challenges due to global supply chain disruptions, increased freight costs, and delays in equipment procurement.

 

To mitigate these challenges, CAC adopted more agile procurement strategies, expanded supplier networks, and leveraged local sourcing alternatives where possible which it says improved supply chain reliability.

 

In 2024 the company started  HVAC and solar energy retrofit of 22 government facilities, including 16 hospitals, under an EU-funded contract.

Management notes, “This initiative will drive long-term cost savings and energy efficiency across Jamai ca’s health sector, reinforcing CAC’s capabilities in turnkey, sustainable infrastructure solutions. The project is on track for completion by late 2025 and is expected to be a model for future public-private clean energy collaborations.”

 

Under the Hilton Rose Hall Tri-Generation Project Via EnRvate Ltd., a joint venture with Tropical Battery Company, CAC also  delivered a tri-generation project at Hilton Rose Hall. Integrating solar energy, waste heat recovery, and natural gas-powered generation, with management noting that “ the system significantly reduces carbon emissions and energy costs.”

 in Western Jamaica Responding to growing regional demand, CAC launched a new retail outlet in Montego Bay, expanding its reach beyond the Kingston metropolitan area. The store offers air conditioning units, air quality systems, and solar solutions, serving both residential and commercial clients.

Management says the expansion supports CAC’s strategic aim to grow transactional revenues and currently represents an estimated 25 per cent share of the local retail air conditioning sales market.

 

 

 

 

CAC 2000 Limited (CAC) is an engineering company that specializes in the distribution, installation and servicing of Energy Efficient Air Conditioning Systems. They are  the succession of a number of businesses starting with Webster’s Engineering in the late 1920’s. In the mid-1960s, the ICD Group (formerly the Mechala Group) bought Conditioned air Corporation and merged it with another company to form Conditioned air and Associated Contractors, or “CAC” for short.

CAC was later merged into “Homelectrix,” which was a household name in Jamaica for many years. When Homelectrix was sold in the early 1990s, the management team purchased 49 per cent of the newly formed Conditioned air and Associated Contractors prior to incorporation as CAC 2000 Limited.

Caribbean Money Daily

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