Air-conditioner maker Daikin readies billions to expand in warmer world

February 18, 2022 10:23 AM

TOKYO (BLOOMBERG) – Daikin Industries, the world’s largest manufacturer of air conditioners, is ready to tap into its cash pool of 756 billion yen (S$8.8 billion) to acquire companies to prepare for a jump in demand as global temperatures rise, while seeking to minimise its carbon impact.

Source : https://www.straitstimes.com/business/companies-markets/air-conditioner-maker-daikin-readies-billions-to-expand-in-warmer-world