World News

Industry news and insights from Europe and around the World

UK News

Latest news and developments in the United Kingdom


Keep up-to-date with the latest new products and technology


General articles, applications and industry analysis

Daikin recognised for Ostend investment

BELGIUM: Japanese air conditioning manufacturer Daikin has been shortlisted for an award for its investment last year in its European hq in Ostend.

The company is one of five companies nominated by local business development organisation Flanders Investment & Trade. The Foreign Investment Trophy recognises remarkable investments made by foreign companies in Flanders.

Daikin invested €25.5m last year in its Europe, Middle East and Africa headquarters and factory, which has been established in Ostend since 1972. €6.6m was spent on its R&D center for new test rooms as well as cloud connectivity and marketing software.

As part of the investment, Daikin Europe implemented a plan in 2016 to hire 35 extra engineers by the end 2017, and commissioned the installation of two state-of-the-art testing chambers in Ostend.

Related stories:

Latest News

23rd July 2024

JCI-Hitachi confirms $8.1bn JV sale to Bosch

JAPAN/USA/GERMANY: Johnson Controls and Hitachi have confirmed an agreement to sell their European air conditioning joint venture business to German manufacturer Robert Bosch in an $8.1bn deal.
23rd July 2024

Lu-Ve in €27m deal to supply UK nuclear plant

ITALY: Lu-Ve is to supply air coolers to the latest Hinkley Point C nuclear power plant under construction in Somerset, UK, in a €27m contract.
22nd July 2024

Bosch leads bid for JCI-Hitachi JV

JAPAN: German company Robert Bosch is reported to be the leading candidate to acquire the Johnson Controls-Hitachi domestic air conditioning joint venture. 
22nd July 2024

Baxi heat pumps meet Passivhaus challenge

UK: A development of 16 social homes designed and built to achieve Passivhaus standard has been constructed in Dalbeattie, Dumfries & Galloway, with the support of Baxi air-source heat pumps.
21st July 2024

Adiabatic CO2 system promises big energy savings

AUSTRALIA: An indirect evaporative CO2 refrigeration system which promises potential energy savings of 19% is being trialled in one of Australia's leading supermarkets.
21st July 2024

Panasonic adds energy efficient glass on freezer doors

JAPAN: Panasonic’s use of vacuum insulated glass (VIG) on new reach-in freezer upright display cases is said to offer energy savings of up to 33% compared to conventional units.