HVAC manufacturer Daikin completes $417M Houston-area campus
- Japanese heating, ventilation and air conditioning equipment giant Daikin has completed its 500-acre, $417 million Houston-area campus according to Commercial Property Executive.
- The focal point of the Daikin Texas Technology Park, located about 40 miles outside of Houston in Waller County, TX, is a 4.2-million-square-foot plant, which is the largest tilt-wall building in the world and the second-largest manufacturing facility in North America.
- The direct and indirect economic impact of the Daikin operation is expected to be around $4 billion. The plant, which will eventually employ up to 4,000 people, is expected to draw additional industrial investment to the area.
The anticipated increase in industrial projects around the Daikin campus has already been realized as one of the company's suppliers, China-based Broad-Ocean Motor Co., is currently building a 480,000-square-foot manufacturing and distribution plant nearby.
In its first-quarter 2017 report, Colliers International said Houston had approximately 4.9 million square feet of industrial space under construction, more than 60% of which was preleased.
According to the latest report from ConstructConnect, the industrial sector took a month-to-month hit in April, with starts for the segment falling 72%. Nevertheless, the U.S. has seen some significant manufacturing/industrial projects get underway recently.
Last month, Dow Chemicals announced that it would add to its U.S. manufacturing operations, bringing its total investment in U.S. growth initiatives to $12 billion over a 10-year period. Specific investments include more manufacturing capacity in the Houston area, a 600,000-metric-ton plastics plant in either Texas or Louisiana and $500 million toward Dow Corning manufacturing operations in Michigan.
Aluminum company Braidy Industries also announced that it plans to build a $1.3 billion, 2.5-million-square-foot aluminum plant in eastern Kentucky. Also in April, German candy manufacturer Haribo revealed plans to build a $242 million factory, its first in North America, in southeast Wisconsin, creating 400 permanent jobs.
- Commercial Property Executive Daikin Brings Cool $417M Campus to Houston
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