 | |
 Daikin headquarters at the Osaka Umeda Twin Towers South inKita-ku, Osaka | |
| Company type | Public |
|---|---|
| TYO:6367 TOPIX Large 70 Component Nikkei 225 Component | |
| Industry | Conglomerate |
| Founded | 25 October 1924; 101 years ago (1924-10-25) |
| Founder | Akira Yamada |
| Headquarters | Osaka Umeda Twin Towers South, 1-13-1 Umeda,Kita-ku, Osaka 530-0001, Japan |
Key people | Masanori Togawa (CEO andpresident) |
| Products | Home appliances Chemicals Medical equipments Electronics Oilhydraulics Defense systems |
| Revenue |  ¥4,395 trillion ($29.8B) (2024)[1] |
| ¥392.1 billion ($2.66B) (2024)[1] | |
Number of employees | 98,162 (2024)[1] |
| Website | daikin.com |
| Footnotes / references [2][3][4] | |
Daikin Industries, Ltd. (ダイキン工業株式会社,Daikin KōgyōKabushiki-Gaisha) is a Japanesemultinational conglomerate company headquartered inOsaka. Daikin is the world's largestair conditioner manufacturer.[5][6]
Daikin Industries Ltd was founded in 1924 as Ōsaka Metalworking Industries LP (大阪金属工業所,Ōsaka Kinzoku Kōgyōsho) by Akira Yamada. In 1953, Daiflon orpolychlorotrifluoroethylene was developed. In 1963 the company was renamed Daikin Industries, Ltd. (ダイキン工業株式会社,Daikin Kōgyō Kabushiki-Kaisha;Daikin deriving from the combined reading of the firstkanji of大阪Ōsaka and the first of金属Kinzoku) and developed Neoflon. In 1982 it was renamed to the current Daikin Industries Ltd.
Daikin entered the North American air conditioning market in 2004.[7]
In 2006, Daikin Industries acquired McQuay International, a Minneapolis, Minnesota–based global corporation that designs, manufacturers and sells commercial, industrial and institutional heating, ventilation and air conditioning (HVAC) products.[8] 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 asDaikin Applied,[9] ending 80 years of business for the McQuay name in the United States. Meanwhile, the McQuay brand continues to be used in mainland China and Hong Kong.[10]
In the filtration realm, Daikin acquired American Air Filter (AAF) in 2007,[11] and Flanders in 2016.[12] 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 inRoscoe, Illinois.[13] In 2009, Daikin Airconditioning Philippines was established.[14]
In August 2012 Daikin agreed to acquireGoodman Global from the San Francisco–based private equity firmHellman & Friedman for $3.7 billion,[15] 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;[16] however, the plans were delayed for a year by the2011 Tōhoku earthquake and tsunami.[17]
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.[18][needs update][19]
Later in 2013, they launched a split air conditioner, the Ururu Sarara FTXZ-N.[20]
As of April 2014[update], Daikin Hydraulics marketed a line ofpiston 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 theDaikin Texas Technology Park, its largest plant and the fifth largest factory in the world. Costing $417 million, this 4.1-million-square-foot facility inWaller, Texas, will consolidate Goodman's manufacturing operations.[21][22]
As of 2021, other companies representing additional Daikin brands include Motili and Quietflex.[23]
On March 2, 2023, Daikin announced they had acquired the San Diego–based custom air-handling equipment manufacturer Alliance Air Products.[24]
In 2024, Daikin bought the naming rights to Minute Maid Park, home ofMajor League Baseball'sHouston Astros, renaming it toDaikin Park on January 1, 2025. The deal is expected to run through 2039.[25]
On February 27, 2025, Daikin announced that the company will stop producing white phosphorus shells.[26]
On April 28, 2024, Daikin Philippines President Takayoshi Miki hosted Daikin's firstfun run, “Daikin: Run for Clean Air 2024” atBridgetowne with 800runners.[27] On May 21, 2024, Daikin Industries, led by President & CEO, Masanori Togawa with Chief global group officer and board chair, Noriyuk Inhoue, celebrated itscentennial founding with a commemorativeceremony attended by 2,000 atThe Symphony Hall to further support its "Forests for the Air" project.[28]
In 2005, Daikin and3M paid $4 million in a US settlement over water contamination withperfluorinated compounds inDecatur, Alabama, the site of several chemical production facilities.[29] In 2017 Daikin agreed to pay $5 million to the West Morgan-East Lawrence authority for an advanced water purification filter. The authority had advised residents not to drink the water in 2016 due toPFAS contamination.[30] In 2021 Daikin, 3M,Toray, BFI Waste Systems, and Synagro paid a $98.5 million settlement with the city of Decatur over PFAS dumping in Morgan County.[31]
A 2004 study byKyoto University Professor Akio Koizumi identified Daikin as the source of PFOA pollution in theYodo river.[32][33] In 2020 aSettsu city survey in Osaka found elevated levels of PFAS contamination in groundwater and waterways. One well used to irrigate crops was found to have levels 420 times over the national average. In 2021 blood tests of 9 residents living near Daikin's Yodogawa factory revealed elevated levels of PFAS, the highest in a 69-year old man 70 times the national average.[34] Daikin had suspended production of PFAS-based water repellents in 2012 and stated the risks were “only possibly carcinogenic, like how pickled vegetables are” and that the water in Daikin's wastewater treatment tanks as "clean enough to drink" at a city council meeting. Daikin later issued retractions towards the "clean enough to drink" statement.[35] Production and export of perfluorinated compounds in Japan have been banned since 2021.[36]
Daikin is organised into the following divisions, offering the following products:[2][37]
In August 2016, Daikin Industries Ltd opened a fully functional headquarters in Cairo, Egypt. Daikin Cairo[38] is yet another move for the company to establish business in Africa. Plans are underway to open more headquarters.
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