Symphony emerges as largest air cooler company across globe

Symphony Ltd. | Consumer Durables - Domestic Appliances | Consumer Durables | BSE: 517385 | NSE: SYMPHONY

18 Apr 2012 Evaluate

Symphony, the air cooler manufacturer has achieved the distinction of being one of the few Indian brands with a presence in 60 countries across the globe and has emerged as the largest air cooler company in the world. The company’s air cooler is capturing markets globally and simultaneously continue to grow their sales in India where the company is the top player with a 45% share of the organized market.

A strategic acquisition of an air cooler company in North America, Impco, with manufacturing facilities in Mexico recently was the big leap that the company took to gain global leadership. Symphony started leveraging the enduring relationship established by Impco with large format stores like Wal-Mart, Sears, Home Depot, Lowes, Famsa and Costco among others, to widen its presence in North, South and Central America.

On the other hand, Impco commenced the import of Symphony’s residential plastic air coolers for the North, South and Latin American markets. This range of plastic air coolers will help Impco expand its reach in the residential segment in North America. Besides, the acquisition has opened substantial opportunities for Symphony and Impco. It empowers both companies to offer end-to-end economical and environment-friendly air-cooling solutions.

Symphony is a publicly traded company established in 1988 in India with a manufacturing base in North America, offering products in over 60 countries.