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CORPORATE NEWS [latest news list] May 16, 2003
Daikin Industries, Ltd.
Public Relations Department
line
Daikin to Establish new air-conditioning apparatus production bases in China Expand productive
capacity of the commercial-use air-conditioning apparatus includes ones for a large sized field



Daikin Industries, Ltd. (head office: Osaka-city, the president: Hiroyuki Kitai) announced plans to establish two companies. The one produces commercial-use package air-conditioners and the multi-air-conditioner for buildings "Daikin Air-conditioning Co., Ltd.", and the other produces a central air-conditioning system "Daikin Central Air-conditioning Co., Ltd.".
"Daikin Air-conditioning Co., Ltd." is planning to start its operation in July 2004, and "Daikin Central Air-conditioning Co., Ltd." is to start in April 2004.

Daikin has three production bases in Shanghai, Xian, and Huizhou in China. Productive capacity of commercial-use air-conditioning apparatus including ones for a large-sized field is further strengthened and expanded by this new bases establishment, and we aim at stable supply of the product corresponding to the future increase in demand of China market.

Daikin established "Shanghai Daikin Air-Conditioning Co., Ltd." in November 1995, and has performed production and sale of air-conditioning apparatus since then. New companies use management know-how to a maximum, which Shanghai Daikin Air-Conditioning Co., Ltd. has already had, in respect of supply, manufacturing technique, etc. By integrating a mass-production factory to these new companies, it enables us to produce cost competitive production for severe competition with China and the South Korea makers.

In addition, central air-conditioning apparatus is produced both in Japan (Daikin Industries Yodogawa factory : Settsu-shi, Osaka) and in China (Huizhou Daikin Suns Air-Conditioning Co., Ltd. : Huizhou, China) In order to strengthen its cost competitiveness of large-sized air-conditioning apparatus, we plan to stop production in Japan within this year, and to be transferred to China completely.

In recent years the air-conditioning market in China has been expanding rapidly. It grew about 530 billion yen (about 14% of world demand, presumption by Daikin) in 2002, and is to be the 4th largest market, which ranks after North America, Japan, and Europe. It is likely to expand to 700 billion yen in 2005.

The air-conditioning apparatus sales in China of our company is about 34.6 billion yen (actual result of fiscal year ended in March, 2003, on consolidated base), and is about 30% of increase compared with last year.

By foundation of these bases, the further sales increase of commercial-use air-conditioning will be realized, and we carry out our business aiming at the air-conditioning apparatus sales of 80 billion yen in China in 2006 fiscal year.

The production organization in China (after new companies start operation)
(* mark indicates new companies. )

Shanghai Daikin Air-Conditioning Co., Ltd.
1. Production system: multi-kind mixed production, valued products.
2. Products: · commercial-use packaged air-conditioners
· variable refrigerant volume systems
· packaged air conditioners for lower temperatures
· total heat exchanger
3. Areas for supply: China , import for other areas.
4. Product capability: 200 thousand units


*Daikin Air-Conditioning Co., Ltd.:
1. Production system: mass-production.
2. Products: · commercial-use packaged air-conditioners
· variable refrigerant volume systems
· middle and large size air-conditioners for residential use
3. Areas for supply: China
4. Product capability: 300 thousand units


*Daikin Central-Air-conditioning Co., Ltd.:
1. Production system: development of lager units, order made production
2. Products: · water chilling units
· fan coil units
3. Areas for supply: China , import for other areas.
4. Product capability: 5000 units


[Other production bases in China]
1. Daikin Xi'an compressor Co., Ltd.: production and sales of scroll compressors
2. Huizhou Daikin Suns Air-conditioning Co., Ltd.: production and sales of water chilling units


[Outline of the New Companies]
Name: Daikin Air-Conditioning Co., Ltd.
1. Location: Shanghai, China
2. Capital: 155 million yuan (approx. 2. 2billion yen)
3. Share Distribution: Daikin Industries, Ltd.: 80%,
Daikin China Investment Co., Ltd.: 10%,
Shanghai Daikin Air-conditioning Co., Ltd. 10%
4. Date of Establishment: July, 2003
5. Start of Production: July, 2004
6. Investment: Approx. 2.2 billion yen
7. Product Lineup: commercial-use packaged air-conditioners, variable refrigerant volume systems, middle and large size air-conditioners for residential use
8. Production Capacity: 300 thousand units per year

Name: Daikin Central Air-Conditioning Co., Ltd.
1. Location: Shanghai, China
2. Capital: 56 million yuan (approx. 800 million yen)
3. Share Distribution: Daikin Industries, Ltd.: 90%;
Daikin China Investment Co., Ltd.: 10%
4. Date of Establishment: July, 2003
5. Start of Production: April, 2004
6. Investment: Approx. 800 million yen
7. Product Lineup: water chilling units, fan coil units
8. Production Capacity: water chilling units 5,000 units per year,
fan coil units 100 thousand units per year



  For more information, please contact
     Daikin Industries, Ltd.
 
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