Daikin

Last updated
Daikin Industries
Type Public (K.K)
TYO: 6367
TOPIX Large 70 Component
Nikkei 225 Component
Industry Electrical equipment, chemicals
FoundedOctober 25, 1924;96 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
RevenueIncrease2.svg $ 21.606 billion (FY 2018) (¥ 2,481 billion) (FY 2018)
Increase2.svg $ 1.7053 billion (FY 2018) (¥ 189.91 billion) (FY 2018)
Number of employees
76,484 (consolidated, as of March 31, 2019)
Website daikin.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.

Contents

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 2008 Daikin purchased a 75% share of All World Machinery Supply based in Roscoe, Illinois. [7] 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. As of 2009, Daikin Airconditioning Philippines is established. [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] [ needs update ]

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. [13]

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. [14] [15]

Business divisions and products

Daikin is organised into the following divisions, offering the following products: [1] [16]

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 [17] is yet another move for the company to establish business in Africa. Plans are underway to open more headquarters.

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Scroll compressor


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.

Kubota

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The Amana Corporation is an American brand of household appliances. It was founded in 1934 by George Foerstner as The Electrical Equipment Co. in Middle Amana, Iowa, to manufacture commercial walk-in coolers. The business was later owned by the Amana Society and became known as Amana Refrigeration, Inc. It is now owned by the Whirlpool Corporation.

Icemaker

An icemaker, ice generator, or ice machine may refer to either a consumer device for making ice, found inside a home freezer; a stand-alone appliance for making ice, or an industrial machine for making ice on a large scale. The term "ice machine" usually refers to the stand-alone appliance.

The Weir Group plc is a British multinational engineering company headquartered in Glasgow, Scotland. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.

FKM is a family of fluorocarbon-based fluoroelastomer materials defined by the ASTM International standard D1418 and ISO 1629. It is called FPM in some other standards, and is commonly called fluorine rubber or fluoro-rubber. All FKMs contain vinylidene fluoride as a monomer. Originally developed by DuPont, FKMs are today also produced by many companies, including: Daikin (Dai-El) 3M (Dyneon), Solvay S.A. (Tecnoflon), HaloPolymer (Elaftor), Gujarat Fluorochemicals (Fluonox), Zrunek (ZruElast), and several Chinese manufacturers including VSK Industrial. Fluoroelastomers are more expensive than neoprene or nitrile rubber elastomers. They provide additional heat and chemical resistance. FKMs can be divided into different classes on the basis of either their chemical composition, their fluorine content, or their cross-linking mechanism.

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 Elevator company

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Air conditioning Process of altering the properties of air to more favorable conditions

Air conditioning is the process of removing heat and controlling the humidity of the air in a space. Air conditioning can be used in both domestic and commercial environments. This process is most commonly used to achieve a more comfortable interior environment, typically for humans and other animals; however, air conditioning is also used to cool and dehumidify rooms filled with heat-producing electronic devices, such as computer servers, power amplifiers, and to display and store some delicate products, such as artwork.

Watsco, Inc. is the largest distributor of air conditioning, heating and refrigeration equipment and related parts and supplies (HVAC/R) in the United States. Watsco was founded more than 60 years ago as a manufacturer of parts, components and tools used in the HVAC/R industry. Under the leadership of its current CEO, Albert H. Nahmad, from 1973 to 1988 Watsco grew from US$5 million in revenues to US$25 million. In 1989, the company shifted its focus from manufacturing to distribution by acquiring Gemaire Distributors Inc., a South Florida-based Rheem distributor. By 1997, Watsco added other OEMs to the mix and moved into commercial refrigeration as a result of the acquisition of Baker Distributing Company. Watsco divested its manufacturing business in 1998, selling it to International Comfort Products Corporation, now part of Carrier Corporation (Carrier). Revenues increased from US$64.1 million in 1989 to US$4.5 billion in 2018 via a strategy of acquiring companies with established market position and subsequently building revenues and profit through a combination of adding locations, products, services and other initiatives.

Goodman Global

Goodman Manufacturing is an American company operating as an independent subsidiary , of Daikin Group, the world's largest manufacturer of heating, ventilation and air conditioning products and systems. The company, founded in 1975 and based in Houston, Texas, manufactures residential heating and cooling systems.

Daikin Applied Americas is a global corporation that designs, manufacturers and sells heating, ventilation, and air conditioning (HVAC) products, systems, parts and services for commercial buildings. Since 2006, McQuay has been a subsidiary of Daikin Industries, Ltd. McQuay world headquarters are located in Minneapolis, Minnesota, United States. Products are sold by a global network of sales representatives and distributors. 5 September 2002

Cameron International American oilfield services company

Cameron International Corporation though now operating under Schlumberger, is a global provider of pressure control, production, processing, and flow control systems as well as project management and aftermarket services for the oil and gas and process industries. Cameron was acquired by Schlumberger (SLB) in 2016, and now operates as 'Cameron, a Schlumberger Company.' At the start of the SLB acquisition in 2015, Cameron employed approximately 23,000 people and delivered $9.8 billion in revenue.

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.

An inverter compressor is a gas compressor that is operated with an inverter.

Airedale International Air Conditioning

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J & E Hall is an English manufacturer of refrigeration equipment. It was originally established as an iron works in Dartford, Kent in 1785, with products including papermaking machines, steam engines and gun carriages, before it started producing refrigeration machinery in the 1880s. During the early 20th century, the company diversified to produce commercial vehicles, lifts and escalators, before refocusing on its core refrigeration and air conditioning products in the late 1960s. The company retains a head office and some R&D facilities in Dartford.

References

  1. 1 2 "Corporate Data" . Retrieved Nov 30, 2018.
  2. "Annual Report 2019" (PDF). Retrieved Oct 9, 2019.
  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. "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".
  8. "Daikin About Us | Daikin Philippines". Daikin Philippines. Retrieved 2018-06-05.
  9. "Daikin to acquire US rival Goodman Global for $3.7bn". BBC News. 29 August 2012. Retrieved 29 August 2012.
  10. Murai, Reiji. "Japan's Daikin eyes Goodman Global; deal could cost $4 bln". IN. Retrieved 2018-06-05.
  11. Editorial, Reuters. "Daikin says puts efforts to buy Goodman Global on hold". U.S. Retrieved 2018-06-05.
  12. "Daikin buys Goodman for $3.8 billion, gains access to North America". Reuters. 29 August 2012. Retrieved 29 August 2012.
  13. "Daikin Piston Pumps, Vane Pumps, Manual Pumps, Solenoid Valves, Directional, Flow and Control Valves". All World Machinery Supply. Retrieved 2019-08-29.
  14. "Peek inside Daikin's new $417 million manufacturing hub". Houston Business Journal.
  15. "Daikin officially opens US plant".
  16. "Annual Report 2013" (PDF). Archived from the original (PDF) on April 4, 2015. Retrieved July 24, 2014.
  17. "Customers". www.daikinmea.com.

Commons-logo.svg 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