Daikin considering producing anti-virus air purifiers in Malaysia - MIDA | Malaysian Investment Development Authority
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Daikin considering producing anti-virus air purifiers in Malaysia

Daikin considering producing anti-virus air purifiers in Malaysia

04 Jun 2020

Japan-based Daikin Industries Ltd (Daikin), one of the world’s largest air conditioner makers, is contemplating manufacturing its virus-eliminating air purifiers in its plant in Malaysia, a Japanese business publication reported.

According to the Nikkei Asian Review (NAR), the move is aimed at “getting a leg up on its rivals” after the group predicted that its operating profit would dip 44 percent to 150 billion yen (about RM5.88 billion) for the financial year ending March 31, 2021 due to the COVID-19 pandemic.

In an article dated June 3, NAR said the pandemic had broken Daikin Industries’ six-year streak of record profits, and the company plans to use its virus-eliminating air purifiers to turn the crisis into a springboard for its recovery.

It said Daikin’s move to relocate the manufacturing of its air purifiers to Malaysia comes as no surprise, as the company’s Malaysian operation, Daikin Malaysia Sdn Bhd (DAMA), has already been operating since 2006 through the acquisition of OYL Manufacturing Company Sdn Bhd (OYLM).

“When it acquired OYLM for RM7.6 billion in 2006, Daikin Industries planned to use it as a major manufacturing hub for its global business,” it said.

According to DAMA’s official website, it is the only air conditioning manufacturer in Malaysia which produces a wide range of heating, ventilation and air-conditioning (HVAC) equipment for the Malaysian and global export markets.

Its products range from basic residential air-conditioners to high technology light commercial and commercial heat pump, air-cooled and water-cooled chillers.

Source: Bernama

Posted on : 04 June 2020