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issue: November 2007 APPLIANCE Magazine
Tokyo Report
Daikin Reorganizes OYL |
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by Wasaku Ishida, Japan correspondent and president, JARN (Japan Air Conditioning, Heating & Refrigeration News)
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Air-conditioner producer Daikin (Osaka, Japan) reorganized the structure of the Malaysian company OYL Group, which it acquired in January 2007, and implemented structural and organizational reform at the company’s head office. Katsuhiko Takagi was named chairman and CEO of OYL Industries Bhd. and CEO of McQuay International Inc. At the request of current OYL management, executives from Daikin Industries will be newly assigned to OYL. The addition of Daikin executives is intended to strengthen competitiveness by providing engineering and managerial support, leading to further synergy.
OYL’s four main business areas will now include: McQuay International (large-scale commercial HVAC), AAF International (HVAC and industrial filters), J&E Hall (refrigeration), and OYL Manufacturing (air-conditioner manufacturing).
Daikin is instituting reforms to help drive its global business development plans. The new organization will reinforce the functions of management support staff. It will also enhance corporate transparency, disclosure, and dissemination of information on a global scale, which is seen as necessary in an era that can bring intense scrutiny of corporate credibility.
Daikin has also been busy establishing new avenues for growth worldwide. In September, Daikin established a joint-venture company with Paris-based Arkema Inc. to market air-conditioner refrigerants in Asia (excluding Japan) and Oceania. The company will be named Daikin Arkema Refrigerants Asia, Ltd.
A second Arkema venture, to be established in November, will be called Arkema Daikin Advanced Fluorochemicals (Changshu) Company, Ltd., and will manufacture and market HFC-125, a main component of new refrigerant gases.
Daikin also formed a venture with China’s Centrafluoro Industries Group Company, Ltd. The new company, Jiangxi Datang Chemicals Company, Ltd., will produce anhydrous hydrofluoric acid as a primary raw material for fluorochemical products, which will be supplied to Asian countries other than China and Japan. The new factory is expected to be in operation in January 2009.
