Sabah - Japanese air conditioner manufacturer Daikin is planning to expand in Turkey with new investments, according to Daikin Turkey CEO, Hasan Onder. The company has surpassed its 2012 targets and achieved a growth rate well over the industry average of 6 percent.
“Daikin Turkey’s investment plan for 2013 envisions creating 1,500 new jobs.” Onder said at a meeting with the press. “We expect the market to expand by 10 percent in 2013.” he added, predicting that Daikin Turkey’s growth in thenew year will reach 25 percent.
Active in Turkey since 1975, Daikin acquired Airfel, a Turkish maker of air conditioning systems, for USD 260 million in 2011 with the aim of developing and manufacturing products locally for the Turkish and surrounding markets.
Turkey’s air conditioning market has reached a volume of USD 1.5 billion in 2011 figures.