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Daikin Applied’s Intelligent Equipment® Platform is Recognized for Innovation Excellence by Frost & Sullivan

MINNEAPOLIS - October 1, 2019

Minnesota Governor Tim Walz today honored Daikin with a 2019 Governor’s International Trade Award, which recognizes companies that have shown exceptional progress and success in foreign markets.

Based in Plymouth, Minnesota, Daikin Applied, a subsidiary of Japanese-owned Daikin Industries, is a global leader in commercial heating, ventilation and air-conditioning (HVAC) technology. The company employees more than 1,700 people in the state, and has invested over $150 million during the past seven years across two factories in Faribault and one in Owatonna, and the global headquarters and test facility in Plymouth.

“Daikin has long recognized the strength and skills of the Minnesota workforce,” said Daikin Applied Americas’ CEO Mike Schwartz. “It’s that talent and ingenuity that not only allows our company to deliver comfort, efficiency and innovation in buildings across the globe, but has led to this recognition. We’re proud to receive the award, and grateful for the local men and women responsible for our success.”

Governor Walz and Commissioner Steve Grove, Minnesota Department of Employment and Economic Development, presented the award to five Minnesota companies at a luncheon event in Minneapolis. The companies were selected for developing and continuing to grow a significant part of their business in foreign markets, increasing or maintaining jobs in Minnesota, and developing novel approaches for competing globally.

“We are pleased to recognize the outstanding achievement of these Minnesota-based companies, and the positive economic impact that foreign direct investment and exporting companies both large and small are making in communities throughout the state,” said Governor Tim Walz. “Each of the Governor’s International Trade Award winners represent more than business success — they represent making the world a better place.”

About Daikin Applied

Daikin Applied, a member of Daikin Industries, Ltd., designs and manufactures technologically advanced commercial HVAC systems for customers around the world. Customers turn to Daikin with confidence that they will experience outstanding performance, reliability and energy efficiency. Daikin Applied equipment, solutions and services are sold through a global network of dedicated sales, service, and parts offices. For more information or the name of your local Daikin Applied representative, call 800-432-1342 or visit

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants. For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Contact us: Start the discussion.

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Media Contact:
Aaron Parker
Director of Communications, Daikin Applied