Some of the key milestones in our development include:

1981 – HRS established as a specialist supplier of heat exchangers for use in energy recovery and process systems.
2001 – HRS forms a joint venture with a large Indian Plc to manufacture our products and to introduce them to the Indian market.
2004 – HRS Group sets up HRS Process Technology Inc. in Phoenix, Arizona to develop the US market for HRS products.
2006 – HRS buys out our licensee in India and forms our own company: HRS Process Systems Ltd. This company built its own factory, manufacturing facility and offices which were formally opened in May 2007.
2009 – HRS acquires the majority stake in the heat exchanger part of its sister company in Spain to bring all activities regarding heat exchanger design, production, and sales, together with all the patents for the various products, in-house.
2011 – HRS opens a hub for Asian markets in Malaysia: HRS Heat Exchangers SDN BHD.
2014 – HRS expands foothold opening a subsidiary in Australia & New Zealand called HRS Heat Exchangers Pty Ltd, to provide a base for offering full sales, project and aftermarket services to the region.
2015 – HRS forms a joint venture with Russian company Hi-Prom Bureau to further expand our products to the Russian market.
2015 – HRS expands its operation in the USA to keep up with market demands, and opens a sales office in Atlanta, Georgia.
2016 – HRS opens an office in Mexico to manage our installed base and growing demand for HRS systems in the Latin American market.
2017 – With increasing global demands and HRS doubling turnover within the last five years, HRS Heat Exchangers SLU in Spain expands its facility by 100% to house the growing team.
2018 – With the growth in the South East Asian markets and HRS India reaching a turnover of a Billion Rupees, HRS Process Systems Pvt Ltd in India opens a second manufacturing plant to cope with the demand.
2020 – Launched AHED – Advanced Heat Exchanger Design
2021 – HRS Heat Exchangers acquired by Exchanger Industries Limited. Exchanger Industries Limited (EIL), the Canadian market leader and globally recognised designer and manufacturer of heat transfer products for the energy, petrochemical, industrial and clean power generation sectors, has acquired HRS Heat Exchangers Ltd (HRS).

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