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.
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