On 18 February, 2009, Gree and Daikin Industries held a great
strategic conference in Zhuhai, China.
&Daikin Industries and Gree Electric Appliances joint
ventureBack in March 2008, Daikin Industries, Ltd. based in Osaka,
Japan and Gree Electric Appliances, Inc. of Zhuhai based in Zhuhai,
Guangdong Province, PRC, signed an agreement to fuse Daikins
prowess in energy-efcient technology together with Grees expertise
in production and procure-ment of raw materials and parts, to
manufacture economical and high performance inverter air
conditioners.
The companies plan to establish a joint venture to manufacture
compressors and printed circuit boards (PCB) for inverter
controllers; both of which are the key components of global
residential air conditioners. The two companies have been
cooperating on the production of small inverter air conditioners
since the beginning of 2008. This time, they will begin
collaboration on production of key components.
Gree and Daikin have invested 51% and 49%, respectively, of the
total investment of the new plant. The joint venture will begin to
produce compressors in the spring of 2010 with a yearly pro-duction
capacity of 1 million units. In 2012, the production capacity will
be increased to 1.5 million units each year. The production of
PCBs, which include inverter controllers of the air conditioners,
will also begin with a yearly capacity of 1.5 million units
soon.
Gree is one of the largest air conditioner manufacturers
throughout the world. It produces about 15 million economical air
conditioners each year. During the spring of 2008, Daikin had
commis-sioned Gree to produce 500,000 small inverter air
conditioners for the Japanese market. The two companies have also
agreed to establish a joint venture for the production of injection
molds for air conditioners. Daikin will plan and develop the
products, Gree will manufacture for Daikin, and the products will
carry the Daikin brand. Gree will establish a dedicated production
line with special inspection equipment for Daikin products to
assure product quality meeting Daikins standard.
Strong and Strong hands in hand
Five Areas of Collaboration1. Joint development of inverter air
conditioners,2. Joint production of key components,3. Joint
production of molds,4. Joint procurement of raw materials and
parts,5. Commission of inverter air conditioner production for the
Japanese market.
