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Daikin sales grow 12%

JAPAN: Daikin’s 2017 financial reports show increased revenue and profits for the eighth consecutive year.

Sales for the year to March 31 2018 grew by 12% to JPY 2,291bn (US$20.89bn), compared to the previous year. Operating profit grew by 10% in the same period to JPY254bn (US$2.32bn).

Air conditioning sales expanded in all major regions. The EMEA region saw sales grow by 20% to JPY301.1bn (US$2.75bn). Much of this increase was down to the introduction of R32 air conditioning units.

Latest News

25th February 2024

Home heat pump install for newly-trained engineers

UK: A UK charity is proposing to give newly trained heat pump installers an air-source heat pump to install in their own home.
23rd February 2024

Hoshizaki acquires 25% stake in Fogel

PANAMA: Japanese refrigeration equipment manufacturer Hoshizaki has acquired a 25% stake in Fogel Company Inc, a manufacturer of commercial refrigeration equipment based in Republic of Panama, for US$28m.
22nd February 2024

Large capacity ULT chiller using neon refrigerant

SOUTH KOREA: Researchers claim to have developed a large capacity ultra-low temperature industrial chiller which, in tests, has achieved a 10kW cooling performance at -100℃.
21st February 2024

CCF publishes election manifesto

UK: In a new manifesto ahead of this year’s general election, the Cold Chain Federation (CCF) is calling for future government’s to take action to recognise the industry’s crucial contributions.
21st February 2024

Sanhua extends expansion valve applications

SPAIN: Sanhua’s SEC HD electric expansion valve controller is now compatible for a variety of applications with 29 commonly used refrigerants, including CO2, hydrocarbons and HFCs. 
20th February 2024

F-gas regulation published in Official Journal

EUROPE: The new F-gas regulation has now been published in the EU’s Official Journal, making it legally binding and entering into force in 20 days.