Daikin in procurement deal with Panasonic

Daikin Industries has announced plans to procure air conditioner components jointly with Panasonic Corp. in India to enhance competitiveness of its products by cutting the procurement cost.

Daikin plans to start operating a new factory in July in India for air conditioners for household use, while boosting the ratio of locally procured components to 75 percent, the company’s president, Noriyuki Inoue, told a business strategy briefing for reporters and analysts in Osaka.

The Osaka-based company is also considering procuring parts in concert with Samsung Electronics Co. of South Korea, he said.

After entering a comprehensive tie-up in the air conditioner field in 1999, Daikin and Panasonic have been cooperating in line with the arrangement via such measures as joint parts procurements.

Inoue suggested, meanwhile, that Daikin is ready to revive negotiations to acquire Goodman Global Group Inc., a U.S. air conditioning maker, saying the talks “have been suspended rather than breaking down.”

It was reported last year that Daikin has scrapped the plan to purchase the U.S. company in the wake of the March earthquake and tsunami.

Have your say

You must sign in to make a comment.