Daikin continues to assess the impact of this morning’s earthquake in Japan on its facilities

March 11, 2011 ORANEGBURG, NY: 11:30 AM JAPAN EARTHQUAKE Daikin continues to assess the impact of this morning’s earthquake in Japan on its facilities. No information is available at this time as communication to Japan is severely limited. We will continue to provide information via daikin-america.com as it becomes available. Daikin America, Inc., headquartered in Orangeburg, New York, is one of the largest fluoropolymer suppliers in the world. Daikin provides molding resins, fine powders, aqueous dispersions, melt processable fluoropolymers, and fluoroelastomers for many critical applications. Daikin America is a wholly owned subsidiary of Daikin Industries Ltd of Osaka, Japan. Daikin is Japan’s leading manufacturer of air conditioning and refrigeration equipment, and fluorochemicals products. For further information, please call 1-800-365-9570 or visit www.daikin-america.com

LG Air Conditioning saw worldwide sales increase by 50.5% in the last quarter of 2010

LG Air Conditioning saw worldwide sales increase by 50.5% in the last quarter of 2010, compared to the same period in 2009. Full year sales reached $4.2bn, 12.2% higher than 2009.

Significant growth was experienced in Middle East, Africa, Central and South America and stronger overseas commercial ac sales.

The Korean manufacturer also confirmed that it would not be making a bid for US air conditioner manufacturer Goodman Global despite being approached by San-Francisco-based private equity firm Hellman & Friedman. Japanese manufacturer Daikin is still considering making a bid.