TOPIX Large 70 Component
Nikkei 225 Component
|Industry||Electrical equipment, chemicals|
|Founded||October 25, 1924|
|Headquarters||Umeda Center Bldg., 2-4-12, Nakazaki-Nishi, Kita-ku, Osaka 530-8323, Japan|
|Masanori Togawa, (CEO and President)|
|Revenue||$ 22.509 billion (FY 2021) (¥ 2,493 billion) (FY 2021)|
|$ 2.154 billion (FY 2021) (¥ 238.6 billion) (FY 2021)|
Number of employees
|84,870 (consolidated, as of March 31, 2021)|
|Footnotes / references|
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.
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 rebranded 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 rebranded as Daikin Applied, 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.
In the filtration realm, Daikin acquired American Air Filter (AAF) in 2007, and Flanders in 2016. 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. 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.
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 delayed for a year by the 2011 Tōhoku 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]
As of April 2014[update], 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 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.
As of 2021, other companies representing additional Daikin brands include Motili and Quietflex.
Daikin is organised into the following divisions, offering the following products:
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 is yet another move for the company to establish business in Africa. Plans are underway to open more headquarters.