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|Founded||Osaka, Japan (October 25, 1924 , as Osaka Kinzoku Kogyo Limited Partnership)|
|Headquarters||Umeda Center Bldg., 2-4-12, Nakazaki-Nishi, Kita-ku, Osaka 530-8323, Japan|
|Masanori Togawa, (CEO and President)|
|Revenue||¥ 2,044 billion) (FY 2016)|
$ 1,425.4 million (FY 2016)(¥ 153.94 billion) (FY 2016)
Number of employees
|67,036 (consolidated, as of March 31, 2017)|
Footnotes / references|
Daikin Industries, Ltd. (? Daikin K?gy? Kabushiki-gaisha) is a Japanese multinational air conditioning manufacturing company headquartered in Osaka. It has operations in Japan, China, Australia, India, Philippines, Southeast Asia, Europe, North America, and South America.
Daikin is the inventor of variable refrigerant volume systems (or VRV by Daikin air conditioning, other manufacturers remarked this as VRF) and an innovator in the split system air conditioning market. Daikin codeveloped a R-410A refrigerant with Carrier.
The examples and perspective in this section deal primarily with the United States and do not represent a worldwide view of the subject. (May 2014) (Learn how and when to remove this template message)
Daikin Industries Ltd was founded in 1924 as Osaka Kinzoku Kogyosho LP by Akira Yamada. In 1953, Daiflon or polychlorotrifluoroethylene was developed. In 1963 the company was renamed Daikin Kogyo Co Ltd and developed Neoflon. In 1982 it was renamed to the current Daikin Industries Ltd.
Daikin entered the North American air conditioning market in 2004.
In 2006, Daikin Industries acquired McQuay International, a Minneapolis, MN based global corporation that designs, manufacturers and sells commercial, industrial and institutional heating, ventilation and air conditioning (HVAC) products, and in November of the same year, purchased OYL Industries. These acquisitions made Daikin Industries, a major global HVAC manufacturer, rivaling Carrier Corporation in total number of products produced, total dollar volume and worldwide territory coverage. In 2008, McQuay International was re-branded as Daikin-McQuay as Daikin began implementing many of its technologies (including the Daikin Inverter Compressor) and manufacturing processes into McQuay equipment and factories. However, in November 2013, the Daikin-McQuay group was again re-branded as Daikin Applied, ending 80 years of business for the McQuay name.
In 2008 Daikin purchased a 75% share of All World Machinery Supply based in Roscoe, Illinois. using technology from their Air Conditioning division. Facing the global demands on CO2 reductions and the serious energy issues facing the world, this product aims to cut energy consumption[how?] in the manufacturing sector. As of 2009, Daikin Airconditioning Philippines is established. As of April 2014 , Daikin Hydraulics marketed a line of piston pumps, vane pumps, manual pumps, solenoid valves, and flow and control valves claiming their pump technology to be 50-70 percent more energy efficient than conventional technology.
In August 2012 Daikin agreed to acquire Goodman Global from the San Francisco-based private equity firm Hellman & Friedman for $3.7 billion, after first planning to buy Goodman the previous year. In January 2011, Daikin had announced plans to buy Goodman Global at approximately US $4 billion valuation, however, the plans were put off following the 2011 T?hoku earthquake and tsunami The acquisition was expected to expand Daikin's presence in the United States and in duct-type and split-system air-conditioners, and was expected to make Daikin the world's largest maker of heating, ventilation and air-conditioning systems.[needs update]
In 2017, Daikin opened the Daikin Texas Technology Park, its largest plant and the fifth largest factory in the world. Costing $417 million, this 4.1 million square-foot facility in Hockley, Texas will consolidate Goodman's manufacturing operations.
For quite sometime, Daikin Industries Ltd has been doing business transaction with independent dealers in Africa. However, in 2006, Daikin merged the UAE with the East African market by creating Daikin Middle East and Africa. In January 20, 2017, they sponsored the DAIKIN PREMIER LEAGUE - Season 7.
In August 2016, Daikin Industries Ltd opened a fully functional headquarters in Cairo, Egypt. Daikin Cairo is yet another move for the company to establish business in Africa. Plans are underway to open more headquarters.
|title=(help) Daikin developed the hybrid hydraulic systems[clarification needed]
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