Air-conditioner maker Daikin readies billions to expand in warmer world
TOKYO (BLOOMBERG) – Daikin Industries, the world’s largest manufacturer of air conditioners, is ready to tap its cash pool of 756 billion yen (S$8.8 billion) to acquire companies to prepare for a jump in demand as global temperatures rise, while seeking to minimise its carbon impact. “We need to find ways to invest for the…