Daikin Applied plans $40M expansion in Faribault, Minnesota

Daikin Applied Americas plans a $40 million project to convert a former Malt-o-Meal distribution center into a new assembly line in Faribault, Minnesota. The city, county, and EDA approved a $4.8 million assistance package including a $1.6 million property tax abatement and a $150,000 forgivable loan.

“For Daikin, the global air conditioning unit manufacturer, a $40 million project will convert the old Malt-o-Meal distribution center into a brand new, state-of-the-art assembly line”southernminn.com

• 1 source
• southernminn.comCouncil, EDA and commissioners give $6.5 million thumbs up to two projectsJun 13, 2018

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