“Market Cap $16.69 B As of May 2014
- Industry: Construction Materials
- Founded: 1924
- Country: Japan
- CEO: Noriyuki Inoue
- Website: www.daikin.co.jp
- Employees: 51,398
- Sales: $17.29 B
- Headquarters: Osaka
- #549 in Sales
- #634 in Profit
- #1075 in Assets
- #673 in Market value
Daikin Industries, Ltd. engages in the manufacture and sale of air conditioning systems. It operates through the following segments: Air Conditioning and Refrigeration Equipment, Chemicals, and Other. The Air Conditioning segment produces and merchandises air conditioning and refrigeration products, which include commercial, industrial, and residential air conditioning systems; industrial refrigeration equipment; and electronic systems. The Chemicals segment offers fluorochemicals, chemical agents, and fine and specialty chemicals. The Other segment includes oil hydraulic, defense, and electronics business. The company was founded by Akira Yamada on October 25, 1924 and is headquartered in Osaka, Japan.“
“Daikin Industries History
Daikin entered the North American air conditioning market in 2004.
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. In November 2006 Daikin purchased OYL Industries. This made Daikin the second largest HVAC manufacturer in the world after Carrier Corporation.
In 2008 Daikin purchased a 75% share of All World Machinery Supply based on Harvard, Illinois. Daikin developed the hybrid hydraulic systems 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 consumptionin 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.
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 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.
Daikin opened its first American manufacturing facility—employing about 250 people in a 525,000 square feet (48,800 m2) facility in Houston, Texas—in 2013.
Daikin is the official sponsor of Galatasaray Daikin women’s volleyball team.”
*Informations from Forbes.com and Wikipedia.org
**Video published on YouTube by “DaikinThai“