International. Daikin Industries, Ltd. announced the completion and recent start of large-scale operations of a new air conditioning factory in Vietnam by its subsidiary Daikin Air Conditioning Vietnam.
Located in the suburbs of the capital city of Hanoi, this new factory is the first in Vietnam to offer large-scale production of air conditioners and functions ranging from air conditioning assembly to technician training and education. In addition, taking advantage of its extensive training facilities, the factory will be used as a base for the training of technicians and at the same time ensure the timely supply of high-quality products to an air conditioning market where demand is expanding rapidly.
In recent years, economic growth in Asia has continued from active investment in infrastructure and the advancement of foreign companies. In addition, with the increase in population and income levels, the air conditioning market has also increased. Focusing on residential air conditioners, the demand for air conditioning in Vietnam has continued to grow due to the remarkable economic development of the country and the rise of the middle class, making the country one of the largest air conditioning markets in Asia.
In addition, because electricity bills relative to revenue are expensive, Daikin anticipates that future demand will expand further with the expansion of energy-saving products, including inverter-equipped air conditioners. Taking all these factors into consideration, Daikin decided to build a factory and with this opportunity to produce energy-saving products in Vietnam "linked to the previous sentence on energy saving".
Incorporating Daikin technology and know-how from Daikin Group factories around the world, the new factory is a cutting-edge global factory in areas including production control technologies and inspection systems using IoT and technical training. Meanwhile, the residential air conditioners will be manufactured in the new factory under a system capable of producing one million units by 2020 with 1,500 employees in total. The expansion of production items will correspond to the future growth of the market.
Daikin sees the factory as a priority measure of its Fusion 20 strategic management plan that will boost its air conditioning business in Asia, where the market is growing rapidly. In order to strengthen Vietnam's business base, the company intends not only to manufacture products in Vietnam, but also to continue its investments, which include developing products with close proximity to the market and building a sales network and after-sales service system. In this way, Daikin hopes to contribute to the development of Vietnam while creating jobs.
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