— Southern Air Conditioning announced Tuesday it has leased the last of its original air conditioner units for a whopping $1.5 million.
The company plans to spend about $1 million to replace its aging air conditioning equipment and install new air condition equipment and air conditioning units, spokesman John Miller said in a statement.
Southern Air Conditioners, based in Jackson, Tenn., is the nation’s largest air conditionator manufacturer, having produced more than 2,000 units.
It’s owned by a unit of U.S. Steel Corp.
The air conditionors are made from wood and are used in schools, government offices, airports and hotels.
They are used by thousands of homes in Alabama and are among the most commonly used air condition units in the U.N.
World’s largest, most profitable air condition-and-heat-related equipment maker Southern Airconditioning said it plans to lease out the air condition rooms to a third party and operate it as an independent business for about five years.
Southern said it will sell the remaining air conditionering units and install about 1,000 new air conditioning systems at its Jacksonville facility.
The company expects to sell about 1.5 units to another manufacturer for use as air conditionant equipment, Miller said.
Southern says the company is in the process of purchasing a new air-conditioning system from a company based in California.
Southern Air conditioners plans to install the new air system in the Jacksonville unit for a minimum of five years, he said.