Daikin

Summary

Daikin Industries
TypePublic (K.K)
TYO: 6367
TOPIX Large 70 Component
Nikkei 225 Component
IndustryElectrical equipment, chemicals
FoundedOctober 25, 1924; 97 years ago (1924-10-25)
FounderAkira Yamada
HeadquartersUmeda Center Bldg., 2-4-12, Nakazaki-Nishi, Kita-ku, Osaka 530-8323, Japan
Key people
Masanori Togawa, (CEO and President)
Products
  • Air conditioning and refrigeration systems
  • Chemicals
  • Defense systems
RevenueIncrease $ 22.953 billion (FY 2020) (¥ 2,550 billion) (FY 2020)
Increase $ 2.389 billion (FY 2020) (¥ 265.5 billion) (FY 2020)
Number of employees
80,369 (consolidated, as of March 31, 2020)
Websitedaikin.com
Footnotes / references
[1][2][3]

Daikin Industries, Ltd. (ダイキン工業株式会社, Daikin Kōgyō Kabushiki-gaisha) is a Japanese multinational air conditioning manufacturing company headquartered in Osaka. It has operations in Japan, China, Australia, United States, India, Southeast Asia, Europe, Middle East, Latin America, and Africa.

Daikin is the inventor of variable refrigerant flow (VRF) air conditioners. Having failed to trademark "VRF", Daikin later remarketed the systems as "VRV" (variable refrigerant volume). Daikin is an innovator in the split system air conditioning market, having made the first split and multi-split air conditioners. Daikin co-developed the R-410A refrigerant with Carrier.

History

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.[4]

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,[5] and in November of the same year, purchased OYL Industries.[citation needed] 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.[citation needed] 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,[6] ending 80 years of business for the McQuay name in the United States. Meanwhile, the McQuay brand continues to be used in China and Hong Kong.[7]

In the filtration realm, Daikin acquired American Air Filter (AAF) in 2007,[8] and Flanders in 2016.[9] The resulting entity is known both as AAF International and AAF Flanders.

In 2008, Daikin purchased a 75% share of All World Machinery Supply based in Roscoe, Illinois.[10] Daikin developed the hybrid hydraulic systems using technology from their Air Conditioning division[clarification needed]. 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. In 2009, Daikin Airconditioning Philippines was established.[11]

In August 2012 Daikin agreed to acquire Goodman Global from the San Francisco-based private equity firm Hellman & Friedman for $3.7 billion,[12] 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,[13] however, the plans were delayed for a year by the 2011 Tōhoku earthquake and tsunami[14] 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.[15][needs update][16]

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.[17]

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 Waller, Texas will consolidate Goodman's manufacturing operations.[18][19]

As of 2021, other companies representing additional Daikin brands include Motili and Quietflex.

Business divisions and products

Daikin is organised into the following divisions, offering the following products:[1][20]

  • Air Conditioning
    • Residential air conditioners
    • Residential air purifiers
    • Commercial-use air conditioners
    • Commercial-use air purifiers
    • Humidity-adjusting external air-processing units
    • Large-sized chillers
    • Marine container refrigeration units
    • Marine vessel air conditioners
  • Chemicals
    • Fluorocarbons
    • Fluoroplastics
    • Fluoro coatings
    • Fluoroelastomers
    • Fluorinated oils
    • Oil- and water-repellent products
    • Mold release agents
    • Pharmaceuticals and intermediates
    • Semiconductor-etching products
    • Dry air suppliers
  • Air filtration
  • Oil Hydraulics
    • Industrial hydraulic equipment and systems
    • Mobile hydraulic equipment
    • Centralized lubrication equipment and systems
  • Defense Systems
  • Medical equipment
      • Rebreathers and similar equipment
      • Home-use oxygen therapy equipment
  • Electronics business
    • System management of product development process
    • Facility design CAD software
    • Molecular chemistry software

Daikin Industries Ltd

For quite some time, Daikin Industries Ltd has been doing business with independent dealers in Africa. However, in 2006, Daikin merged the UAE with the East African market by creating Daikin Middle East and Africa. On 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[21] is yet another move for the company to establish business in Africa. Plans are underway to open more headquarters.

Gallery

References

  1. ^ a b "Corporate Data". Retrieved Nov 30, 2018.
  2. ^ "Annual Report 2020" (PDF). Retrieved September 9, 2021.
  3. ^ "Daikin Financial Statements". Bloomberg Businessweek. Retrieved July 24, 2014.[permanent dead link]
  4. ^ "Daikin AC Takes on North America". ContractingBusiness.com. 2006-02-01. Retrieved 2014-04-08.
  5. ^ "Daikin Industries Acquires O.Y.L., McQuay". Retrieved 2016-11-30.
  6. ^ "Daikin McQuay Rebrands to Daikin" (PDF) (Press release). Daikin Applied. November 19, 2013.
  7. ^ "McQuay International". Daikin Industries. August 12, 2021.
  8. ^ "Daikin to become leading supplier of air filters with acquisition of Nippon Muki". Retrieved 2021-07-31.
  9. ^ "Daikin acquires US filter manufacturer Flanders for US$430m". Retrieved 2021-07-31.
  10. ^ "Daikin acquired a hydraulic equipment distributor All World Machinery Getting down to solution business in the US end user market with their own base - News Release - Daikin Industries, Ltd".
  11. ^ "Daikin About Us | Daikin Philippines". Daikin Philippines (in American English). Retrieved 2018-06-05.
  12. ^ "Daikin to acquire US rival Goodman Global for $3.7bn". BBC News. 29 August 2012. Retrieved 29 August 2012.
  13. ^ Murai, Reiji. "Japan's Daikin eyes Goodman Global; deal could cost $4 bln". IN (in en-IN). Retrieved 2018-06-05.{{cite news}}: CS1 maint: unrecognized language (link)
  14. ^ Reuters Editorial. "Daikin says puts efforts to buy Goodman Global on hold". U.S. (in American English). Retrieved 2018-06-05. {{cite news}}: |author= has generic name (help)
  15. ^ "Daikin buys Goodman for $3.8 billion, gains access to North America". Reuters. 29 August 2012. Retrieved 29 August 2012.
  16. ^ "On outskirts of Houston, giant HVAC plant employs thousands". 21 May 2017.
  17. ^ "Daikin Piston Pumps, Vane Pumps, Manual Pumps, Solenoid Valves, Directional, Flow and Control Valves". All World Machinery Supply. Retrieved 2019-08-29.
  18. ^ "Peek inside Daikin's new $417 million manufacturing hub". Houston Business Journal.
  19. ^ "Daikin officially opens US plant". 25 May 2017.
  20. ^ "Annual Report 2013" (PDF). Archived from the original (PDF) on April 4, 2015. Retrieved July 24, 2014.
  21. ^ "Customers". www.daikinmea.com.

External links

Media related to Daikin Industries at Wikimedia Commons

Official website
"Company history books (Shashi)". Shashi Interest Group. April 2016. Wiki collection of bibliographic works on Daikin