The 55 year old name Racold is commonly known for world's largest water heater manufacturing industry. It was established by Racold Appliances Limited which has taken over by Ariston Thermo Group-Italy, known as Racold Thermo Ltd. The aim of the company is to provide high quality of water heater and renewable energy heating system for providing maximum comfort to users. After the water heater, the company started producing boilers in the year of 1980.
In 2005, the organization opened its branches in Saint Petersburg city, Russia and in 2009, the company changed its name to Ariston Thermo. The company confessed its production, distribution and maintenance of water heating system in Switzerland. It is a growing Italian company which manufactures heating devices for Uzbekistan for commercial and industrial applications and also manufactures high quality of home heating system from 2013.