Daikin

Daikin Industries, Ltd.
ダイキン工業株式会社
Public KK
Traded as TYO: 6367
OSE: 6367
TOPIX 100 Component
Nikkei 225 Component
Industry Electrical equipment
Founded Osaka, Japan (October 25, 1924 (1924-10-25), as Osaka Kinzoku Kogyo Limited Partnership)
Founder Akira Yamada
Headquarters Umeda 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
Revenue

Increase $ 17.545 billion (FY 2014)

(¥ 1,783 billion) (FY 2014)

Increase $ 904.1 million (FY 2014)

(¥ 91.88 billion) (FY 2014)
Number of employees
 56,240 (consolidated, as of March 31, 2014)
Website Official website
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 conditioner manufacturing company headquartered in Osaka. It has operations in Japan, China, Australia, India, 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.

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. 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,[6] 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.[7] 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 in the manufacturing sector. 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.[8]

In August 2012 Daikin agreed to acquire Goodman Global from the San Francisco-based private equity firm Hellman & Friedman for $3.7 billion,[9] 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,[10] however, the plans were put off following the 2011 Tōhoku earthquake and tsunami[11] 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.[12]

Daikin opened its first American air-conditioner manufacturing facility—employing about 250 people in a 525,000 square feet (48,800 m2) facility in Houston, Texas—in 2013.[13]

Sponsorship

Daikin is the official sponsor of Belgian soccer team Club Brugge and of Galatasaray Daikin women's volleyball team.[14][15][16]

Business divisions and products

Daikin is organised into the following divisions, offering the following products:[1][17]

Gallery

Daikin headquarters at the Umeda Center Building in Kita-ku, Osaka 
Akira Yamada, the founder of the company 
Daikin Air Conditioner at Tennōji Station 
DAI-EL thermoplastic fluoroelastomer produced by Daikin 
Type 06 rifle grenade used by the GSDF 
Daikin, Official Sponsor of Galatasaray SK; Ali Sami Yen Sports Complex 
Daikin ad on a tram, in Lisbon 

References

  1. 1 2 "Corporate Data". Retrieved July 24, 2014.
  2. ↑ "Financial Report 2014" (PDF). Retrieved July 24, 2014.
  3. ↑ "Daikin Financial Statements". Bloomberg Businessweek. Retrieved July 24, 2014.
  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. ↑ https://www.daikin.com/press/2008/080218/index.html. Missing or empty |title= (help) Daikin developed the hybrid hydraulic systems
  8. ↑ "Daikin Piston Pumps, Vane Pumps, Manual Pumps, Solenoid Valves, Directional, Flow and Control Valves". Devco. Retrieved 2014-04-08.
  9. ↑ "Daikin to acquire US rival Goodman Global for $3.7bn". BBC News. 29 August 2012. Retrieved 29 August 2012.
  10. ↑ Japan's Daikin eyes Goodman Global; deal could cost $4 bln
  11. ↑ Daikin says puts efforts to buy Goodman Global on hold
  12. ↑ "Daikin buys Goodman for $3.8 billion, gains access to North America". Reuters. 29 August 2012. Retrieved 29 August 2012.
  13. ↑ Ryan, Molly (2013-11-07). "Daikin launches U.S. power play from Houston HVAC plant". Houston Business Journal. Retrieved 2014-04-08.
  14. ↑ "DAIKIN WORDT NIEUWE SHIRTPARTNER VAN CLUB BRUGGE". Daikin. Retrieved 25 May 2016.
  15. ↑ "Bayan Voleybol Takımımızın İsim Sponsoru Daikin Türkiye Oldu". Galatasaray SK. Retrieved 16 October 2012.
  16. ↑ "Galatasaray Bayan Voleybol Takımı'nın İsim Sponsoru Daikin Türkiye Oldu!". Daikin. Retrieved 17 October 2012.
  17. ↑ "Annual Report 2013" (PDF). Retrieved July 24, 2014.

External links

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