Daikin Europe plans to invest €840m over the next five years in an ambitious plan to accelerate growth in the next five years.

The company’s Fusion 25 strategic management plan targets a projected turnover of €5.7bn by financial year 2025, a 68% increase on the €3.4bn achieved in 2020.

Investments will be made to grow Daikin’s R&D centres in Europe, expand manufacturing, sales and service capacity and fund the development of the digitalisation of its business model.

To deliver on its plans, the company says it aims to recruit 4,000 employees by 2025, which will bring its workforce in the region to around 16,000. At least 400 of them are destined to reinforce its activities in Belgium, especially for R&D, service and HQ functions.

Daikin intends to more than double its heating business by 2025. Efforts in this area will include promoting an understanding of its low carbon and energy-saving solutions to residential end-users and by opening interactive showrooms in major European cities.