Daikin to take share in Taiwan agent

Taiwan-flagJAPAN: The Nikkei reports that Daikin is to take a 10% stake in its exclusive Taiwanese distributor in an effort to expand sales of commercial air conditioners.

The Japanese manufacturer is to purchase JPY1.5bn (€12m) in new shares issued by the distributor Ho Tai Development.

Ho Tai was established in 1963  and has been Daikin distributor since 1992. Until now, the company has mainly sold residential and central air conditioning units. The Nikkei says that with the investment, Ho Tai will receive technical guidance from Daikin for installing multi-split systems.

Daikin aims to increase sales in Taiwan to JPY60bn (€477m) in 2020, an increase of 50% on its 2015 target.


Latest news from the world of air conditioning and refrigeration

UK News

9th December, 2016

47331516_m

Councils ignore prompt payment law

UK: The majority of local authorities in the UK are flouting government prompt payment laws, according to a new report by the Electrical Contractors’ Association (ECA).

7th December, 2016

honeywell-retail-energy-project-of-the-year-honeywell

Honeywell takes retail project award

UK: A cascade refrigeration system twinning CO2 with the HFO refrigerant 1234ze has been named as Retail Energy Project of the Year in last week’s Energy Awards in London.

1st December, 2016

steve-gowing-home

Stonegrove appoints Gowing

UK: Industrial refrigeration contractor Stonegrove Refrigeration has appointed Steve Gowing as design and project engineer.

1st December, 2016

javac-award-climate-center

Javac achieves Climate Center double

UK: Javac UK, the refrigerant recovery and vacuum pump supplier, has been named as Climate Centers’ Supplier of the Year for the second year running.

World News

7th December, 2016

36779366_m

Lack of training threatens phase down

EUROPE: The European Commission has warned that the uptake of training in alternative refrigerants is too low to match the requirements of the F-gas phase down.

6th December, 2016

63555869_s

R12 seized in the South Pacific

SOLOMON ISLANDS: Customs authorities in the Solomon Islands have reported their second seizure of the illegal CFC refrigerant R12 this year. 

5th December, 2016

43761248_s

Bitzer opens subsidiary in Iran

IRAN: German compressor manufacturer Bitzer has established a subsidiary company in Iran.

4th December, 2016

137284

Honeywell faces action over leak

USA: Seven local residents are reported to be suing Honeywell after a chemical leak at its Geismar, Louisiana, plant in August.

JOIN OUR NEWSLETTER
Leave A Comment