Daikin headquarters at the Umeda Center Building in Kita-ku, Osaka
| TYO: 6367 |
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||$ 21.606 billion (FY 2018) (¥ 2,481 billion) (FY 2018)|
|$ 1.7053 billion (FY 2018) (¥ 189.91 billion) (FY 2018)|
Number of employees
|76,484 (consolidated, as of March 31, 2019)|
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, [ 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, ending 80 years of business for the McQuay name.and in November of the same year, purchased OYL Industries.
In 2008 Daikin purchased a 75% share of All World Machinery Supply based in Roscoe, Illinois. [ 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. As of 2009, Daikin Airconditioning Philippines is established.Daikin developed the hybrid hydraulic systems using technology from their Air Conditioning division
In August 2012 Daikin agreed to acquire Goodman Global from the San Francisco-based private equity firm Hellman & Friedman for $3.7 billion, [ needs update ]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 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.
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.
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 Cairois yet another move for the company to establish business in Africa. Plans are underway to open more headquarters.
The Hanshin Industrial Region is one of the largest industrial regions in Japan. Its name comes from the on-reading of the kanji used to abbreviate the names of Osaka (大阪) and Kobe (神戸), the two largest cities in the megalopolis. The GDP of this area is $341 billion, one of the world's most productive regions. 2014 Osaka and Kyoto's GDP per capita (PPP) was US$35,902.
Mitsubishi Electric Corporation, established on 15 January 1921, is a Japanese multinational electronics and electrical equipment manufacturing company headquartered in Tokyo, Japan. It is one of the core companies of Mitsubishi. The products from MELCO include elevators and escalators, high-end home appliances, factory automation systems, train systems, semiconductors, digital signage, and satellites.
A scroll compressor is a device for compressing air or refrigerant. It is used in air conditioning equipment, as an automobile supercharger and as a vacuum pump. Many residential central heat pump and air conditioning systems and a few automotive air conditioning systems employ a scroll compressor instead of the more traditional rotary, reciprocating, and wobble-plate compressors.
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Worthington Industries, Inc. is a global diversified metals manufacturing company based in Columbus, Ohio. It is a steel processor and manufacturer of pressure vessels, such as propane, oxygen and helium tanks, hand torches, refrigerant and industrial cylinders, camping cylinders, exploration, recovery and production products for global energy markets; water system tanks for storage, treatment, heating, expansion and flow control, and compressed natural gas storage cylinders. The company also manufactures framing systems for mid-rise buildings and steel pallets and racks for shipping. It is the largest independent processor of flat-rolled steel in the United States. The company takes steel from steel producers and processes it for customers in industries including automotive, lawn and garden, construction, hardware, office furniture, electrical control, leisure and recreation, appliance, agriculture and HVAC.
Dover Corporation is an American conglomerate manufacturer of industrial products. Founded in 1955 in New York City, Dover is now based in Downers Grove, Illinois, and employs more than 26,000 people worldwide. As of 2014, Dover's business was divided into three segments: Engineered Systems, Fluids, and Refrigeration and Food Equipment. By 2020, there were five segments, with Imaging and Identification and Pumps and Process having been added. Each segment holds operating companies that are run like independent companies. Dover is a constituent of the S&P 500 index and trades on the New York Stock Exchange under "DOV". Dover is ranked 360th on the Fortune 500. The company relocated its headquarters to Illinois from New York in mid-2010.
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Variable refrigerant flow (VRF), also known as variable refrigerant volume (VRV), is an HVAC technology invented by Daikin Industries, Ltd. in 1982. Like ductless minisplits, VRFs use refrigerant as the cooling and heating medium. This refrigerant is conditioned by a single or multiple condensing units, and is circulated within the building to multiple indoor units. VRF systems, unlike conventional chiller-based systems, allow for varying degrees of cooling in only certain areas, reducing energy consumption.
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Media related to Daikin Industries at Wikimedia Commons
"Company history books (Shashi)". Shashi Interest Group. April 2016. Wiki collection of bibliographic works on Daikin