# Daikin Malaysia forms joint venture for large commercial HVAC in Taiwan

Daikin Malaysia Sdn Bhd formed a joint venture, Daikin (Taiwan) Air Conditioning Systems, with Ho Tai Development Co and Leading Electric & Machinery Co in Taiwan, with capital of JPY 800 million. Daikin Malaysia holds 51%.

- Type: Acquisition
- Announced: 2025-01-22
- Where: Changhua County, Taiwan, TWN
- Value: $5.10M (800.0M JPY)
- Status: completed
- Products: chillers, air handling units, heat pumps, large commercial HVAC equipment
- Sectors: [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md)

## Companies

- [Daikin Malaysia Sdn Bhd](https://endata.com/companies/82495.md)
- [Ho Tai Development Co](https://endata.com/companies/82496.md) (partner)
- [Leading Electric & Machinery Co](https://endata.com/companies/82497.md) (partner)
- [Daikin (Taiwan) Air Conditioning Systems](https://endata.com/companies/82498.md) (target)

## Sources

- [coolingpost.com](https://www.coolingpost.com/world-news/daikin-forms-taiwan-joint-venture/), 2025-01-22: "The joint venture seeks to combine Daikin’s core technologies, production know-how and its business foundation in the Taiwanese market with Leading’s strengths with the AHU product and support capabilities."

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