Ingersoll-Rand Company Limited announced that total revenues increased by 93% for the third quarter of 2008 compared with the 2007 third quarter. Despite increasingly difficult market conditions in the third quarter, Ingersoll-Rand delivered year-over-year revenue growth while reducing debt by $443 million and meeting its synergy expectations for the acquisition of Trane.

In the next step, it is also accelerating productivity and cost reduction actions and have undertaken a major company-wide restructuring to adjust cost structure to offset slowing end market activity.