Igloo from the portfolio of JR Holding: Interest in products exceeds our production capacity

Igloo and Miloo Electronics, from the portfolio of JR Holding ASI, are observing interest in their new products exceeding their current production capacity, announced the president of JR Holding, January Ciszewski

“Igloo and Miloo Electronics are our largest single investment to date. We invested PLN 40 million, providing them with the capital necessary for rapid development. That’s why I had to visit the Igloo stands at the EuroShop 2023 trade fair in Düsseldorf, which is key for the industry. I am very pleased with what I had the opportunity to see. Interest in new products of the companies exceeds their current production capacity. I saw how many people attended the Igloo stand at the EuroShop fair – this is a good prognosis for future revenues of the companies. Our assessment of the prospects for this investment is confirmed, and I am more and more convinced that it will bring us the expected profits,” said Ciszewski, quoted in the release.

At EuroShop 2023, Igloo presents its class A energy-saving devices – including premieres on the international market.

“This is the most important event for our industry, where we can present our products on the international arena. We are taking part in them for the third time, the slogan that guides Igloo is Save Energy. This year it takes place from February 26 to March 2. Our stand is met with great interest and many potential contractors are willing to get acquainted with our products. I am convinced that it will be a fruitful fair for us,” said Robert Bialik, President of Igloo.

Last year the president of the companies announced that he was aiming at reaching even PLN 500 million in revenue this year, mainly thanks to the rapid development of production and sales of groundbreaking heat pumps for business and home applications.

Igloo has prepared two international premieres for the fair. The first one is the Multitherma heat pump with a capacity of 12 to 21 kW, which can be used in new and modernized single-family houses, as well as commercial and public facilities, e.g. hotels, production plants, shops, schools or offices, and in cascade systems . Another solution presented for the first time abroad is the Multienergy system that supplies heat and cold and manages energy recovery. Implementation of the system in commercial facilities that need heat and cold at the same time, e.g. at gas stations, shops or hotels, translates into huge savings in electricity consumption – on average up to 80%, the material mentions.

JR Holding ASI S.A. is a company listed on the NewConnect market since 2012, focusing on investment activities and involvement in companies from the following industries: digital business, renewable energy sources, computer games, medical, biotechnology and modern media. In accordance with the strategy, this year the company intends to develop its portfolio by increasing its diversification, investing in the most promising ventures, launching new investment projects and debuting on the main market of the Warsaw Stock Exchange.


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