Chairman Wang Zongnan meets with Daikin delegation led by Vice President Ken Tayano

On the afternoon of January 14, Mr. Wang Zongnan, Secretary of Party Committee and Chairman of the Board of Bright Food (Group) Co., Ltd. met with a visiting delegation led by Mr. Ken Tayano, executive vice president of Daikin Industries, Ltd. and general manager of Daikin (China) Investment Co., Ltd. at the Group headquarters.

As a Japanese multinational company founded in 1924 with more than 90 subsidiaries across the world, Daikin Industries is a world leading manufacturer of fluorochemical products specializing in chemical industry and manufacturing of air conditioning system. Shanghai Yimin No.1 Foods (Group) Co., Ltd., a subsidiary of Bright Food, has been the equity partner of Daikin Industries’ subsidiary in China for many years.

Mr. Ken Tayano expressed his gratitude to Mr. Wang for this meeting and the consistent support for Daikin. The two sides exchanged ideas on China’s air conditioning market in 2012 and Daikin’s business performance in China.

Wang Zongnan, secretary of Party Committee and chairman of the Board of Bright Food (Group) Co., Ltd., meets with a delegation led by Mr. Ken Tayano, executive vice president of Daikin Industries, Ltd.
Mr. Wang spoke highly of Daikin’s sustainable growth in both revenue and profit despite the pressure of economic downturn, sluggish air conditioning market and general losses that its counterparts are suffering. Mr. Wang said the extraordinary performance of Daikin and its leadership in the air conditioning sector, especially in the commercial air conditioning sector, are attributed to the wisdom of the company’s management in corporate governance, and the perseverant innovative efforts in R&D, technology upgrading and marketing, which brought its business to new fields. It is true that enterprises should grow in size, but it is more important for an enterprise to grow into a leader in its sector with core competitive edge that others may not easily imitate or surpass in the short term, Mr. Wang said.

At last, the two sides exchanged good wishes for the New Year and concluded the meeting amid a friendly atmosphere.