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CORPORATE NEWS [latest news list] September 23, 2002
Daikin Industries, Ltd.
Daikin Compressor Industries, Ltd.
Grand Opening Ceremony for
Daikin Compressor Industries,Ltd.

Daikin Industries, Ltd. (Osaka, Japan, Hiroyuki Kitai, president & COO) announced plans to establish Daikin Industries Czech republic s.r.o producing air conditioners in Pilsen, Czech Republic in June 2003. The new company will be the second manufacturing subsidiary to produce air-conditioning in Europe next to Daikin Europe N.V. in Belgium. Daikin aims to strengthen air conditioners production structure in Europe by reducing production cost and shortening products supply lead-time.

"Daikin Compressor Industries, Ltd." (DCI), a residential air-conditioning compressor production company that is a wholly owned subsidiary of Daikin Industries, Ltd. (DIL), will hold a splendid grand opening ceremony attended by many honored guests, including the provincial governor of Royong, on September 24th at it's main plant in Amata City Industries Estate, Royong, Thailand.

Prior to tomorrow's ceremony, we will hold a commemorative party today from 7 PM at the Dusit Thani Hotel attended by many honored guests including Deputy Prime Minister Mr. Korn Dabbaransi, Deputy Minister of Commerce Mr. Suvarn Valaisathien, BOI Secretary General Mr. Somphong Wanapha, Chonburi Provincial Governor Mr. Chadej Insawang, and Japanese Ambassador Mr. Atsushi Tokinoya.

In February 2001 DCI was established and became Daikin's third residential air-conditioning compressor production base, which has a capital of 1.28 billion bahts. DCI will be the third production base after Shiga Plant in Kusatsu City, Shiga Prefecture, Japan and Daikin Industries (Thailand), Ltd. (DIT), which is located at Chonburi Province, Thailand. The plant began operations on January 2002, combining the production technology that has been long cultivated by Daikin and the factory management know-how in Thailand that has been cultivated by DIT to DCI's production line to efficiently produce high-performance, superior quality substitute refrigerant (R410A) compressors. The production capacity is currently 250,000 units a year, and with a capital increase of 320 million bahts in November of this year, we plan to expand capacity to 400,000 units per year. In the future, we will continue to investigate further expansion and development as DIL's global production base.

Since last year, DIL has been engaged in a strategic business plan known as "Fusion 05". Our core air-conditioning business is aiming to be global No.1 or No.2 in the fiscal year 2006, ending on March 31, 2006, by increasing our shares in Japan, and actively striving for overseas development. The market in air-conditioning systems in the Asia region here especially has achieved rapid growth lately and demand is estimated to increase hereafter. In addition to global development of production and sales of air-conditioning systems, Asia is the most important region, and we have been trying to establish an efficient production system and to improve the sales system.

Since the establishment of DIT in Thailand in 1990, we have received grateful support from the Thai government and have maintained a position to contribute to the progress of Thai air-conditioning technology and the development of local industries. With the establishment of DCI, we would like to use this opportunity to further expand the air-conditioning business of DIL as well as to contribute to the further development of Thailand.

Daikin Compressor Industries, Ltd. Corporate Profile

Main Plant 7/202 Moo.6 Amata City Industries Estate T.Mabyangporn
Plugdaen Royong 21140, Thailand
TEL: (038) 650-060 FAX: (038) 650-061
Land: 95,909m2Buildings: 12,261m2
President Toshio Nakano
Directors Satoru Kadoya, Taneo Fujita, Toshinari Oka
Incorporated February 9th, 2001
Start of Operations January 29th, 2002
Capital 1.28 billion bahts (approximately 3.6 billion)
Stockholder Daikin Industries, Ltd.100%
Employees 294 (out of those, 3 from Japan)
Investment Fiscal year 2001: 1.28 billion bahts (approximately ¥3.6 billion)
Fiscal year 2002: 320 million bahts (approximately ¥900 million)
Production item Residential air-conditioning compressors
Sales Plan for Fiscal year 2002: approximately ¥2.5 billion
Goal for Fiscal year 2003: approximately ¥3.5 billion
Production Capacity 250,000 units per year
Sales location 100% export (includes indirect exporting)
Supply to Daikin Industries' production bases (Japan, Thailand and Europe)

Daikin Industries, Ltd. Corporate Profile

Head office Umeda Center Bldg., 2-4-12 Nakazaki-Nishi Kita-Ku, Osaka
TEL: 06-6373-4312
Chairman and CEO Noriyuki Inoue
President and COO Hiroyuki Kitai
Incorporated January 11th, 1934
Capital ¥28 billion
Employees 7,002 (current as of March, 2002)
Types of Business Production and sales of commercial and residential
air-conditioning systems, fluoro chemical products,
oil hydraulic equipment etc.
Listed in the Tokyo Stock Exchange
Sales Non-consolidated: ¥364.9 billion (fiscal 2002, ended March 31,2002)
Consolidated: ¥538.8 billion (fiscal 2002, ended March 31,2002)

Production and Sales Bases in Thailand
    1967 Began air-conditioner sales in Thailand by exporting them from Japan.
    1982 Established joint venture with Siam Daikin Sales Co., Ltd. to strengthen sales force.
    1987 Established joint venture with Daikin Airconditioning (Thailand) Ltd. to domestically produce air-conditioning systems for Thailand.
    1990 Daikin established wholly-owned Daikin Industries (Thailand) Ltd. for exportation.
    1997 Established import and export firm Daikin Trading (Thailand) Ltd. for international procurement of air-conditioning parts.
    2001 Daikin Industries Ltd. established DCI as a wholly-owned company to produce residential air-conditioning compressor.

  For more information, please contact
     Daikin Industries, Ltd.
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