History of Daikin in Timeline
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.
August 2016: Daikin Opens Headquarters in Cairo
In August 2016, Daikin opened a headquarters in Cairo, Egypt, as part of its expansion into Africa.
2016: Acquisition of Flanders
Daikin acquired Flanders in 2016, merging it with AAF to form AAF International and AAF Flanders.
2017: Daikin Texas Technology Park Opens
In 2017, Daikin opened the Daikin Texas Technology Park, consolidating Goodman's manufacturing operations.
2021: Motili and Quietflex Represent Daikin Brands
As of 2021, Motili and Quietflex represented additional Daikin brands.
March 2, 2023: Acquisition of Alliance Air Products
On March 2, 2023, Daikin acquired Alliance Air Products, a manufacturer of custom air-handling equipment.
April 28, 2024: Daikin's First Fun Run
On April 28, 2024, Daikin Philippines President Takayoshi Miki hosted Daikin's first fun run, "Daikin: Run for Clean Air 2024".
May 21, 2024: Daikin Centennial Celebration
On May 21, 2024, Daikin celebrated its centennial founding with a commemorative ceremony.
2024: Naming Rights to Minute Maid Park Acquired
In 2024, Daikin bought the naming rights to Minute Maid Park, home of the Houston Astros, renaming it Daikin Park effective January 1, 2025.
January 1, 2025: Minute Maid Park Renamed to Daikin Park
Minute Maid Park was officially renamed Daikin Park on January 1, 2025.