Daikin Industries

Daikin Industries

Type	Public
Traded as	TYO: 6367 OSE: 6367
Industry	Electronics
Founded	Osaka, Japan (February 11, 1924 (1924-02-11), Osaka Kinzoku Kogyo Limited Partnership)
Founder(s)	Akira Yamada
Headquarters	Umeda Center Building, 4-12, Nakazaki-nishi Nichome, Kita-ku, Osaka, Japan
Key people	Noriyuki Inoue (chair, CEO) Yukiyoshi Okano (president, COO)
Products	air conditioning systems
Revenue	1,160,330 million yen (consolidated, March 2011)
Operating income	75,455 million yen (consolidated, March 2011)
Net income	19,872 million yen (consolidated, March 2011)
Total assets	1,132,506 million yen (consolidated, March 2011)
Total equity	50,928 million yen (consolidated, March 2011)
Employees	41,569 (consolidated, as of March 31, 2011)
Website	Daikin Industries website

Daikin Industries, Ltd. (ダイキン工業株式会社, Daikin Kōgyō Kabushiki-gaisha^?) is a Japan-based multinational corporation present in Japan, China, Australia, India, Southeast Asia, Europe, and North America.

The company was founded in 1924 by Akira Yamada in Osaka, Japan. Daikin has centrally been a chemical corporation, where its focus has been on air conditioning systems. It has since diversified its manufacturing division to take advantage of experience in fluorine chemistry. According to Salvatore Re, Daikin's business development manager in Europe, "Fluorochem has a lot to offer this [the fiber-optics] industry. Long term, we aim to develop other materials, such as optical polymers for fibers and components."^[1]

Today, Daikin has eight separate industrial and management divisions focusing on the corresponding fields of:

• Air Conditioning
• Chemicals
• Transportation & Refrigeration Systems
• Semiconductors
• Hydraulic fluids
• Electronics
• Defence
• After Sales Service

A picture of a Daikin Air conditioning unit at a shopping mall.

History

In November 2006 Daikin purchased the OYL Group, which includes McQuay International. It made Daikin the second largest HVAC manufacturer in the world after Carrier Corporation. Daikin also codeveloped 410a refrigerant with Carrier and is an innovator in the Split System Air Conditioning Market, and is the founder of Variable Refrigerant Flow (VRF) air conditioning systems (These systems are called Variable Refrigerant Volume or VRV by Daikin).

January 2011: Daikin might buy Goodman Global at around US $4 billion, which would make the company surpass United Technologies Corp unit Carrier.^[2]

References

1. ^ "Daikin banks on its materials know-how". fibresystems.org. 11 April 2002. http://fibresystems.org/cws/article/articles/5308. Retrieved 2009-04-30. 
2. ^ Japan's Daikin eyes Goodman Global; deal could cost $4 bln http://in.reuters.com/article/idINIndia-54157520110114

Daikin Industries has its headquarters at the Umeda Center Building in Kita-ku, Osaka.

External links

• Daikin Industries, Ltd.