History of Daikin in Timeline

By Popular Timelines Editorial Team · Updated: November 19, 2024

Daikin Industries, Ltd. is a leading Japanese multinational conglomerate headquartered in Osaka. Globally recognized as the world's largest air conditioner manufacturer, Daikin plays a significant role in the HVAC industry. The company's prominence extends beyond its manufacturing operations, encompassing a wide range of related services and solutions.

1924: Daikin Industries Ltd. Founded

Daikin Industries Ltd. was founded in 1924 as Ōsaka Metalworking Industries LP by Akira Yamada.

1953: Daiflon Developed

In 1953, Daikin developed Daiflon, also known as polychlorotrifluoroethylene.

1963: Company Renamed and Neoflon Developed

The company was renamed to Daikin Industries, Ltd. in 1963, derived from the combined reading of the first kanji characters of Ōsaka and Kinzoku. They also developed Neoflon during this year.

1982: Renamed to Current Name

In 1982, the company underwent another name change to its current name, Daikin Industries Ltd.

2004: Daikin Enters North American Market

Daikin entered the North American air conditioning market in 2004.

2006: Acquisition of McQuay International

Daikin Industries acquired McQuay International, a global HVAC company, in 2006.

2007: Acquisition of American Air Filter

Daikin acquired American Air Filter (AAF) in 2007.

2008: Acquisition of All World Machinery Supply

Daikin purchased a 75% share of All World Machinery Supply based in Roscoe, Illinois in 2008.

2008: McQuay International Rebranded

In 2008, McQuay International was rebranded as Daikin-McQuay, integrating Daikin's technologies into McQuay's products.

2009: Daikin Airconditioning Philippines Established

Daikin Airconditioning Philippines was established in 2009.

January 2011: Planned Acquisition of Goodman Global Announced

Daikin announced plans to acquire Goodman Global in January 2011, but the plans were delayed due to the Tōhoku earthquake and tsunami.

August 2012: Acquisition of Goodman Global

Daikin acquired Goodman Global from Hellman & Friedman for $3.7 billion in August 2012, expanding their presence in the US market.

November 2013: Daikin-McQuay Becomes Daikin Applied

In November 2013, Daikin-McQuay was rebranded again to Daikin Applied, retiring the McQuay name in the United States.

April 2014: Daikin Hydraulics Markets Energy-Efficient Pumps

As of April 2014, Daikin Hydraulics marketed a line of energy-efficient piston pumps, vane pumps, manual pumps, solenoid valves, and flow and control valves.