NEW ZEALAND: Japanese air conditioning manufacturer Daikin has established a new subsidiary company based in Auckland, New Zealand.

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The establishment of Daikin Airconditioning New Zealand is said to be part of Daikin’s Fusion 20 plan for further growth of the air conditioning business in the Asia/Oceania region. Since 1993, business in New Zealand has been operated through a local branch office of Daikin Australia.

Daikin sees immigration from Asia and a high birthrate driving growth in the air conditioning market in New Zealand. The company also expects its energy efficient inverter and heat pump technologies to gain wider acceptance in a country where the utilisation rate for renewable energy exceeds 80%.