Japan-Based Daikin Applied Americas Expands Faribault, Minnesota, Plant
09/04/2018
The company, a subsidiary of Japan-based Daikin Industries Ltd., said it will buy an existing 300,000-square-foot warehouse and renovate the building into a state-of-the-art production facility. The new jobs will be created within five years and pay wages that average $22.20 an hour.
Minnesota Department of Employment and Economic Development is supporting the project with a $750,000 loan from the Minnesota Investment Fund and a $1.6 million grant from the Job Creation Fund. The company will receive the funding after it meets investment and hiring commitments.
“Daikin Applied explored multiple U.S. sites and Mexico for this project but ultimately chose southern Minnesota,” said DEED Commissioner Shawntera Hardy. “The company’s decision to expand in the area is a testament to the region's skilled workforce and positive achievements at existing operations.”
Daikin Applied Americas, which is based in Plymouth, makes heating, ventilation and air conditioning (HVAC) systems for the commercial market. The company employs 900 people at existing manufacturing facilities in Faribault and Owatonna.
Project Announcements
Daisy Brand Plans Boone, Iowa, Production Operations
04/22/2024
Canfor Expands Fulton, Alabama, Production Operations
04/22/2024
Tucker Door & Trim Plans Henrico County, Virginia, Operations
04/19/2024
Zekelman Industries Expands Blytheville, Arkansas, Operations
04/19/2024
Fibrebond Corporation Expands Webster Parish, Louisiana, Operations
04/19/2024
Master Steel Expands Hardeeville, South Carolina, Operations
04/19/2024
Most Read
-
2023's Leading Metro Locations: Hotspots of Economic Growth
Q4 2023
-
2023 Top States for Doing Business Meet the Needs of Site Selectors
Q3 2023
-
38th Annual Corporate Survey: Are Unrealized Predictions of an Economic Slump Leading Small to Mid-Size Companies to Put Off Expansion Plans?
Q1 2024
-
Making Hybrid More Human in 2024
Q1 2024
-
Manufacturing Momentum Is Building
Q1 2024
-
20th Annual Consultants Survey: Clients Prioritize Access to Skilled Labor, Responsive State & Local Government
Q1 2024
-
Public-Private Partnerships Incentivize Industrial Development
Q1 2024