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Daikin Ties Up with Sinko
2017/06/23
On May 16, Daikin announced that the company has signed a capital and business tie -up agreement with Sinko. Based on this agreement, the two companies will bring together their central air conditioner technologies to jointly develop new heat pump air conditioners. They will also collaborate in order to expand their heat pump chiller portfolios. The aim of this tie-up is to mutually improve the corporate value and solidify business foundations in the central air conditioner market.
 
Daikin intends to acquire 4.96% of Sinko’s stocks by mid-June 2017.
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