# 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.

- Type: Expansion
- Announced: 2018-06-13
- Where: Faribault, Minnesota, United States
- Value: $40.0M
- Status: announced
- Products: air conditioning units
- Sectors: [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md)

## Companies

- [Daikin Applied Americas](https://endata.com/companies/32552.md)

## Sources

- [southernminn.com](https://www.southernminn.com/faribault_daily_news/news/council-eda-and-commissioners-give-6-5-million-thumbs-up-to-two-projects/article_eb16e8cb-37e5-5c40-b9b5-db407e3322a1.html), 2018-06-13: "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"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.