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8/20/2019 Participation in Analyst / Institutional Investors Meet [Company Update]
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8/20/2019 Participation in Analyst / Institutional Investors Meet [Company Update]
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S Y M P H O N O M I C S
. S E E I N G S O M E T H I N G
I N N O T H I N G .
U S A
•
I N D I A
•
M E X I C O
8/20/2019 Participation in Analyst / Institutional Investors Meet [Company Update]
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T h e a r t o f d o i n
g i m p o s s i b l e t h i n g s i n a ‘ n o b i g d e a l ’
k i n d o f w a y .
2
8/20/2019 Participation in Analyst / Institutional Investors Meet [Company Update]
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F i r s t R u l e
o f S y m p h o n o
m i c s .
T r u s t
y o u r v i s i o n .
S e c o n d R u l e o f S y m p h o n
o m i c s .
T r a
n s f o r m y o u r h a n d i c a p s i n t o
o p p
o r t u n i t i e s
T h i r d R u l e o f S y m p h o n o m i c s .
T h e
o n l y r u l e
i s t o b r e a k a l l r u l e s
3
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S y m p h o n
o m i c s - c r
e a t e s t h e
r a n g e
R e s i d e n t i a l C o o l e r s
P a c k a g e d A i r C o o l e r s
C e n t r a l A i r C o o l i n g S o l u t i o n s
4
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S y m p h o n
o m i c s – P r o v i d e s t h e
a d v a n t a g
e
5
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O u r b u s
i n e s s s p a c e - A i r C o o
l i n g
W A T E R
D I S T R I B U T O R
H O T D R Y A I R
E V A P O R A T I V E
M E D I A
W A T E R R E S E R V O I R
F A N
C O O L
F I L T E R E D A I
R
6
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T h e S y m
p h o n y m i l e s t o n e s
P o s t 2 0 0 5 ,
p o s i t i o n i n g i s
–
O n e P r o d u c t –
M a n y M a r k e t s
S u f f e r e d f i n a n c i a l
s t r e s s a n d
r e s t r u c t u r e d
V e n t u r e d
i n t o A C s ,
W a s h i n g m a c h i n e s
a n d o t h e r d u r a b l e s
P r e - 2 0 0 0 ,
p o s i t i o n i n g
w a s :
M a n y p r o d
u c t s –
O n e m a r k e t
W e n t P u b l i c i n 1 9 9 4
E s t a b l i s h e d i n 1
9 8 8
w i t h 1 a i r c o o l e r
m o d e l
7
S c a l e d u p
i n t e r n a t i o n a l
p r e s e n c e i n
2 0 0 9
C e n t r a l A i r C o o l
i n g
S o l u t i o n s i n I n d i a i n
2 0 1 1
I M P C O , N
o r t h
A m e r i c a a c q u i s i t i o n
i n 2 0 0 9 - 1
1
W o r l d ’ s f i r s
t
P a c k a g e d A
i r
C o o l e r s i n 2 0 1 5
F o o t h o l d i n a l l
f o r m a t s o f m o d e r n
r e t a i l i n 2 0 1 3
M u n t e r s K e r u i l a i ,
C h i n a a c q u i s i t i o n i n
2 0 1 5
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S y m p h o
n o m i c s - T
h e B u s i n e s s M o d e l
H i g h R O
C E & R O E
A s s e t a n d C a p i t a l
L i g h t
D e f i n i n g m a r k e
t
t e r m s
S a l e s o n l y o n c a s h
.
S a l e s t o S u b s i d i a r y a n d
M o d e r n R e t a i l o n c r e d i t .
G l o b a l D i s
t r i b u t i o n
n e t w o r k
B r a n d f o c u s
e d
W o r l d ’ s a n d I n
d i a ’ s
l e a d i n g A i r - c o
o l e r
b r a n d . 1 5 s t r o n g s u b -
b r a n d s .
D e s i g n d r i v e n
D e s i g n l e a d e r ,
A d v a n t a g e o v e r
c o m p e t i t i o n
8
L o w r i s k
D i s p e r s e d m
a r k e t s a n d
c u s t o m e r b a s e .
D i s p e r s e d s u p p l i e r
b a s e .
O E M b a s e d
o p e r a t i o n s
8/20/2019 Participation in Analyst / Institutional Investors Meet [Company Update]
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S y m p h o
n o m i c s & U n d i s p u t e d L e a d e r s h
i p
W o r l d s l a r g e s t
s e l l i n g A i r - C o o l e r B r
a n d
L e a d e r i n I n d i a
b y M i l e s
M a r k e t s h a r e a l m o
s t 5 0 % a m o n g s t o r g a n i s e
d m a r k e t p l a y e r s ,
d e s p i t e n e w e n t r a n t s
C o m p e t i t o r s – m
a n y l e a d i n g I n d i a n b r a n d s
N o m a j o r G l o b a
l p l a y e r
G S T - P o t e n t i a l
g a m e c h a n g e r
w i l l a c c e l e r a t e c o
n v e r s i o n o f u n o r g a n i s e d
m a r k e t t o o r g a n i s e d p l a y e r s
9
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S y m p h o
n o m i c s & I n n o v a t i o n
M i l e s t o n e
s
1 9 8 8 – F i r s t b r a
n d e d p l a s t i c a i r c o o l e r i n I n d i a t h a t l o o k e d l i k e a n A C .
1 0
1 9 9 4 – A i r c o o l e r w i t h r e m o t e c o n t r
o l .
2 0 0 0 – e - f l o w t e c h n o l o g y f o r e n h a n
c e d c o o l i n g .
2 0 0 4 – 4 - s i d e c o o l i n g f o r b e t t e r p e r
f o r m a n c e .
2 0 0 5 – H u m i d i t y c o n t r o l .
2 0 0 7 – P o w e r S a v e r T e c h n o l o g y ( P S T
) .
2 0 0 9 – D i e t C o o
l e r s w i t h s p a c e s a v i n
g d e s i g n .
2 0 1 2 – W o r l d ’ s l a r g e s t p o r t a b l e t o w e r c o o l e r S t o r m .
2 0 1 2 – R & D C e n
t r e r e c o g n i z e d b y G
o v t . o f I n d i a .
2 0 1 4 – I n d i a ’ s f i r s t b r a n d e d W i n d o w
C o o l e r s w i t h a l l w e a
t h e r c o m p o s i t e p l a s t i c b o d y .
2 0 1 5 – W o r l d ’ s
f i r s t P a c k a g e d A i r C o
o l e r r a n g e .
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S y m p h o
n o m i c s C r e a t e s E n t r y B a r r i e r s /
M o a t
I n n o v a t i o n L e a d e r s h i p :
T e c h n o l o g y , D e s i g n ,
Q u a l i t y ,
F e a t u r e s a n d P e r f o r m a n c e
B r a n d
a n d c a t e g o r y
l e a d e r s h i p
D i s t r i b u t i o n l e a d e r s h i p
C u s t o m e r c e n t r i c
M a n a g e m e n
t :
E x p e r i e n c e ( w
h a t t o d o a n d w h a t n o t t o d o )
A h e a d o f c u r v e a t t i t u d e ( n e w p r o d u c t s , n e w
d e s i g n s )
F o c u s e d a p p r o a c h
1 1
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S y m p h o n o m i c s .
C a t a l y s e s p e r f o r m
a n c e .
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R e v e n u e
B r e a k - U p
2 0 1 4 - 1 5 (
C o n s o l i d a t
e d )
R e v
e n u e B r e a k u p
A i r
c o o l e r R e v e n u e B r e a k
u p
A i r C o o l e r S a l e s
R s . 5 7 8 c r
R e s i d e n t i a l A i r
C o o l e r 9 0 %
R s . 5 1 9 c r
C e n t r a l A i r C o o l i n g S o l u t i o n 1 0 %
R
s . 5 9 c r
A i r c o o l e r : 9 4 %
R s . 4 6 5 c r
G
r o s s R e v e n u e
R s . 6 1 1 c r
I n d i a : 8 1 %
R s . 4 9 5 c r
R e s t o f W o r l d
: 1 9 %
R s . 1 1 6 c
r
O t h e r s : 6 %
R s . 3 0 c r
1 3
9 . 6
9 . 1
2 2 . 3
8 1 . 9
1 2 6 . 2 1
3 7 . 8
0 . 0
5 0 . 0
1 0 0 . 0
1 5 0 . 0
F Y 1 3 F Y 1 4 F Y 1 5
H o m e A p p l i a n c e s
C
o r p o r a t e F u n d s
1 3 9 . 1
1 9 4 . 7
2 4 6 . 1
8 3 . 1
8 1 . 0
8 2 . 3
0 . 0
5 0 . 0
1 0 0 . 0
1 5 0 . 0
2 0 0 . 0
2 5 0 . 0
3 0 0 . 0
F Y 1 3 F Y 1 4 F Y 1 5
H o m e
A p p l i a n c e s
C o r p o r a t e F u n d s
8 . 2
6 . 4 1
1 . 4
9 8 . 6 1
0 6 . 0 2
1 1 3 . 5
0
2 0
4 0
6 0
8 0
1 0 0
1 2 0
1 4 0
F Y 1 3 F Y 1 4 F Y 1 5
H o m e A p p l i a n c e s
C o r
p o r a t e F u n d s
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F i n a n c i a
l s - P & L
1 5
6
1 1
5 4 9
3 9 5
3 2 0
2 9 8
1 9 4
1 2 7
7 4
0
1 0 0
2 0 0
3 0 0
4 0 0
5 0 0
6 0 0
7 0 0
2 0 0 8
2 0 0 9
2 0 1 0
2 0 1 1
2 0 1 2
2 0 1 3
2 0 1 4
2 0 1 5
G r o s s R e v e n u e ( R s . C r . )
2 6 . 1
2 4 . 9
2 3 . 1
2 2 . 9 2
4 . 0
2 8 . 4
3 1 . 2
1 8 . 9
0 . 0
5 . 0
1 0 . 0
1 5 . 0
2 0 . 0
2 5 . 0
3 0 . 0
3 5 . 0
2 0 0 8
2 0 0 9
2 0 1 0
2
0 1 1
2 0 1 2
2 0 1 3
2 0 1 4
2 0 1 5
P B T ( % o n G r o s s R e v
e n u e )
1 1 6
1 0 6
6 0
5 3
5 1
3 7
2 9
1 5
0
2 0
4
0
6 0
8 0
1 0 0
1 2 0
1 4 0
2 0 0 8
2 0 0 9
2 0 1 0
2 0 1 1
2 0 1 2
2 0 1 3
2 0 1 4
2 0 1 5
P A T ( R s . C r . )
8 0 8 9 6 3
7 4 0 7 5 7
5 7 4 7 5 0
4 9 5 8 4 9
5 0 1 1 6 5
4 2 1 3 5 5
2 6 2 0 6 7
1 5 4 8 3 1
0
1 , 2 5 , 0 0 0
2 , 5 0
, 0 0 0
3 , 7 5 , 0 0 0
5 , 0 0 , 0 0 0
6 , 2 5 , 0 0 0
7 , 5 0 , 0 0 0
8 , 7 5 , 0 0 0
2 0 0 8
2 0 0 9
2 0 1 0
2 0 1 1
2 0 1 2
2 0 1 3
2 0 1 4
2 0 1 5
V o l u m e
C A G R 2 9 . 9 3 %
C A G R 2 0 . 6 7 %
C A G R 2 6 %
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F i n a n c i a
l s - B a l a n c
e S h e e t a n
d E P S
2 0 1 1 o n w a r d s , c o n s o l i d a t e d w i t h I M P C O
1 6
7 7 7 7 7 7 7 7
0
1
2
3
4
5
6
7
8
2 0 0 8
2 0 0 9
2 0 1 0
2 0 1 1
2 0 1 2
2 0 1 3
2 0 1 4
2 0 1 5
E q u i t y ( R s . C r . )
0 . 0
0 . 0
0 . 0
0 . 0
0 . 0
0 . 0
0 . 0
7 . 8
0 . 0
2 . 0
4 . 0
6 . 0
8 . 0
1 0 . 0
2 0 0 8
2 0 0 9
2 0 1 0
2 0 1 1
2 0 1 2
2 0 1 3
2 0 1 4
2 0 1 5
D e b t ( R s . C r . )
3 3 . 1
3 0
. 2
1 7 . 2
1 5 . 2
1 4 . 6
1 0 . 6
8 . 2
4 . 2
0 . 0
5 . 0
1 0 . 0
1 5 . 0
2 0 . 0
2 5 . 0
3 0 . 0
3 5 . 0
2 0 0 8
2 0 0 9
2 0 1 0
2 0 1 1
2 0 1 2
2 0 1 3
2 0 1 4
2 0 1 5
E P S ( F a c e v a l u e o f o
n e s h a r e R s . 2 ) ( I n R s . )
9 3 . 9
7 8 . 8
6 3 . 5
5 4 . 1
4 3 . 6
2 4 . 8
1 4 . 8
2 . 4
0 . 0
2 0 . 0
4 0 . 0
6 0 . 0
8
0 . 0
1 0 0 . 0
2 0 0 8
2 0 0
9
2 0 1 0
2 0 1 1
2 0 1 2
2 0 1 3
2 0 1 4
2 0 1 5
B o o k V a l u e
( I n R s . )
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F i n a n c i a
l s - C a p e x
a n d D i v i d e
n d
2 0 1 1 o n w a r d s , c o n s o l i d a t e d w i t h I M P C O
1 7
1 2 . 6
9 . 1
5 . 6
4 . 7
2 4 . 4
7 . 8
1 . 5
1 . 1
0 . 0
5
. 0
1 0 . 0
1 5 . 0
2 0 . 0
2 5 . 0
3 0 . 0
2 0 0 8
2 0 0 9
2 0 1 0
2 0 1 1
2 0 1 2
2 0 1 3
2 0 1 4
2 0 1 5
7 0 0
6 5 0
3 2 5
2 7 5
1 0 0
2 5
1 0
0
5 0 . 8
5 0 . 3
4 4 . 3
4 2 . 1
1 5 . 9
5 . 5
1 . 9
0 . 0
0
1 0 0
2 0 0
3 0 0
4 0 0
5 0 0
6 0 0
7 0 0
8 0 0
2 0 1 5
2 0 1 4
2 0 1 3
2 0 1 2
2 0 1 1
2 0 1 0
2 0 0 9
2 0 0 8
D i v i d e n d p a y o u t r a t i o
D i v i d e n d %
C a p e x ( R s . C r . )
D i v i d e n d P a y o u t R a
t i o & D i v i d e n d %
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S y m p h o n o m i c s .
M u l t i p
l i e s w e a l t h .
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T h e
m o s t f r e q u e n t q u e s t i o n t h a
t
p e o
p l e a s k u
s i s ,
‘ H o w
l o n g w i l
l
t h i s l a s t ? H o
w l o n g w i l l p e o p l e
k e e p b u y
i n g a i r - c o
o l e r s ?
O u r h u m
b l e c o n f e
s s i o n :
w e ’ v e s e
e n n o t h i n
g y e t .
T h e f o l l o w i n g p a g e s e x p
l a i n
W H
Y . . .
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C o m p a r i
s o n A m o n g
A i r - c o o l i n
g A p p l i a n c
e s
P a r a m e t e r s
F a n s
A i r C o o l e r
A C
C a p i t a l c o s t
L o w
L o w
H i g h
R e c u r r i n g c o s t
L o w
9 0 % l o w e r t h a n a c
V e r y h i g h
I n d o o r a i r q u a l i t y
C i r c u l a t e s s a m
e a i r
1 0 0 % f r e s h f i l t e r e d c o o l
a i r
S t a l e d r y a
i r
r e c i r c u l a t e
s
R e f r i g e r a n t s
N o
W a t e r
P o l l u t i n g r e f r i g e r a n t s
M a i n t e n a n c e
S i m p l e a n d c o s t
e f f e c t i v e
S i m p l e a n d c o s t
e f f e c t i v e
C o m p l e x a n d
e x p e n s i v e
P o r t a b i l i t y
N o
Y e s
N o
U s a g e
I n d o o r
O u t d o o r & i n d o o r
I n d o o r o n l y
E m i s s i o n
N o
E c o - f r i e n d l y
E n v i r o n m e n t a l l y
h a r m f u l c f c
H u m i d c l i m a t e
N A
L e s s e f f e c t i v e
E f f e c t i v e
2 1
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D o m e s t i c O p p o r t u n i t i e s - S t r o n g B r a n d
◼
S y m p h o n y B r a n d i s s y n o n y m o u s w i t h a i r c o o l e r
◼
H i g h e s t A d - s p
e n d i n t h e a i r c o o l e r
c a t e g o r y
◼
A d v e r t i s i n g s i n c e 1 9 9 0 t h r o u g h :
T V
P r i n t
R a d i o
B e l o w t h
e L i n e
I n t e r n e t
( s i n c e 2 0 1 0 )
R a n g e s u m m e r
c a m p a
i g n
P a c k a g e d A i r
C o o
l e r c a m p a i g n
T V c a m p a i g n i n
M e x i c
o
2 2
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S W O T A n
a l y s i s
S t r e n g t h s
F o c u s e d o n o n e c a
t e g o r y
I n n o v a t i o n l e d
S t r o n g b r a n d
A s s e t - l i g h t b u s i n e s s m o d e l
N o d e b t
L o w c o m p e t i t i o n ,
g l o b a l l y
W e a k n e s s
R e l a t i v e l y s m a l l s i
z e o f t h e c u r r e n t m a r k e t
S e a s o n a l i t y i n I M P C O
O p p o r t u n i t y
V a s t U n t a p p e d
m a r k e t p o t e n t i a l f o r r e s i d e n t i a l
c o o l e r s
G l o b a l W a r m i n
g
H u g e p o t e n t i a
l f o r I n d u s t r i a l c o o l e r s
G r o w i n g a w a r e n e s s f o r G r e e n
p r o d u c t s
I n o r g a n i c g r o w
t h
T h r e a t
C o m p e t i t i o n f r o m
C h i n a
2 3
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C e n t r a l A
i r C o o l i n g
– L o n g R u n w a y
“ 9 0 % o f A m e r i c a n
f i r m s n a m e d c o o l a i r a s t h e s i n g l e b i g g e s t b o o s t t o t h e i r p r o d u c t i v i t y ”
“ C o o l i n g r a i s e d p
r o d u c t i v i t y b y a q u a r
t e r . O n f a c t o r y f l o o r s
i t c u t a b s e n t e e i s m a n d
s t o p p a g e s . ”
( S o u r c e : T h e E c o n o m i s t ,
P a g e
4 1 J a n 2 0 1 3 i s s u e )
E f f e c t i v e
T e m p ( C )
2 4
2 7
2 9
3 2
3 5
3 8
4 1
L o s s o f w o r k
o u t p u t
3 %
8 %
1 8 %
2 9 %
4 5 %
6 2 %
7 9 %
L o s s o f a c c u r a c
y
0 %
5 %
4 0 %
3 0 0 %
7 0 0 %
>
7 0 0 %
( S o u r c e : S t u d y f o r N A S A .
“ C o m f o r t C o n d i t i o n i n g t h e P l a n t w i t h E v a
p o r a t i v e C o o l i n g ” P l a n t E n g i n e e r i n g J u l y 8 ,
1 9 7 6 P g 7 6
J o s e p h M a r g
2 4
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C e n t r a l A
i r C o o l i n g
– L o n g R u n w a y
C e n t r a l A C
M a r k e t
i n I n d
i a
R s . 4 0 , 0 0
0 M n
C e n t r a l A i r C o o l i n g
M a r k e t s i z e i s
u n d e f i n e d
P o t e n t i a l m a r k e t s i z e
> R s . 4 0 , 0 0
0 M n
S y m p h o n y
i s t h e o n l y
b r a n d e d p l a y e
r
M o s t
i n d u s t r i a l ,
c o m m e r c i a l a n d r e l i g i o u s
e s t a b l i s h m e n t s a r e
p o t e n t i a l c u s t o m e r s
2 5
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C e n t r a l A
i r C o o l i n g
- P o t e n t i a
l A p p l i c a t i o n s
O f f i c e s
U n i v e r s i t i e s
R e s i d e n c e s
L e c t u r e h a l l s
S h o p s
S e r v i c e s t a t i o n s
S h o w r o o m s
P o u l t r y f a r m s
P l a
c e s o f w o r s h i p
D a i r y F a r m s
C l u b H o u s e s
D
e p a r t m e n t a l s t o r e s
W a r e h o u s e s
D G r o o m
L o u n g e s
L a u n d r y
C a n t e e n s
K i t c h e n
M a l l s
P a n e l r o o m s
G
u e s t H o u s e s
F a c t o r y
B
a n q u e t H a l l s
I n d u s t r y
2 6
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E n t e r p r i s e C u s t o m e r s
2 7
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I n t e r n a t i o n a l M a r k e t s – L o n g
R u n w a y
A i r c o o l e r s e e n a s a
G r e e n P r
o d u c t
– g a i n i n g p o
p u l a r i t y
G l o b a l w a r m i n g
a c c e l e r a t i n g d e m a n d
C u r r e n t m a r k e t s i z e f o r
A C s : 7 5 m n
u n i t s
A C g l o b a l m a r k e t
s i z e
e x p e c t e d t o b e 1 5 0
m n b y
2 0 1 7 ( i n d u s t r y r e p o r t )
A i r C o o l e r m a r k e t
p o t e n t i a l s h o u l d l o g i c a l l y
b e
g r e a t e r
2 8
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I n t e r n a t i o n a l M a r k e t s - P r e s e
n c e
D i r e c t P r e s e n c e
2 9
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I M P C O
1 9
3 0
A d a m
G o e
t t l i n v e n t s
a n d p a t e n t s f i r s t
E v a p o r a t i v e C o o l e r
1 9 3 9
I n t e r n a t i o n a l M e t a l
P r
o d u c t s C o .
( I M P C O )
f o u
n d e d i n P h o e n i x ,
U S A
1 9 5 5
I M P C O M e x i c o
1 9
6 0
F i r s t c o o l e r m a d e i n
M e x i c o
2 0 0 6
A
l l p r o d u c t s a r e
m
a d e i n M e x i c o
2 0
0 9
S y m p h o n y A c q u i r e s
I m p c o .
M
a r k e t A c c e s s i n
N
o r t h A m e r i c a
C e n t r a l A i r C o o l i n g
S o l u t i o n s
3 0
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I M P C O
U S o f f i c e i n P h o e n i x
I M P C O p l a n t i n M o n t e r r e y , M X ( 1 5 0 m i l e s f r o m
U S b o r d e r )
3 1
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I M P C O
◼
S y m p h o n y s t a
r t e d l e v e r a g i n g I m p c o
’ s r e l a t i o n s h i p s
◼
W i t h l a r g e f o r
m a t s t o r e s l i k e
◼
A c q u i s i t i o n h a
s o p e n e d s u b s t a n t i a l
o p p o r t u n i t i e s t o o f f e r e n d - t o - e n d e c o n o m i c a l a n d
e n v i r o n m e n t - f r i e n d l y a i r - c o o l i n g s o
l u t i o n s
◼
C o m m e r c i a l a
n d I n d u s t r i a l C o o l e r s
a v a i l a b l e t o d i s t r i b u t e i n I n d i a a n d t h r o u g h
i t s
i n t e r n a t i o n a l
d i s t r i b u t i o n .
◼
I n i t i a t e d B r a n
d B u i l d i n g t h r o u g h T V
a d c a m p a i g n f o r
3 2
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3 3
Q u a l i t y S t a n d a r d s ,
R e c o g n i t i o n s
a n d C e r t
i f i c a t i o n s
◼
S t a r E x p o r t H o u s e
◼
G o v t . o f I n d i a
a p p r o v e d R & D c e n t r e
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S A F A A w
a r d
F o r E x c e
l l e n c e i n F
i n a n c i a l R
e p o r t i n g
3 4
A l s o r e c e i v e d I C
A I A w a r d s f o r E x c e l l e n c e i n F i n a n c i a l R e p o r t i n g c o n s e c u t i v e l y f o r
2 0 0 9 - 1 0 a n d 2 0 1 0 - 1 1
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A c q u i s i t i o n o f a C o
m p a n y i n C h i n a
T h e A c q u i s i t i o n o f 1 0 0 % e q u i t y i n M u n t e r s K e r u i l a i A i r T r e a
t m e n t E q u i p m e n t ( G a u a n g d o n g )
C o . L t d . C h i n a
( M K E )
M K E i s a m a r k e t l e a d i n g b r a n d i n C h i n a f o r e v a p o r a t i v e a i r c o o l e r s a s a j o i n t v e n t u
r e m e r g e r
b e t w e e n D o n g
g u a n K e d a E l e c t r i c a l a
n d M e c h a n i c a l E q u i p m
e n t s C o . L t d a n d a S w e d i s h
c o m p a n y : M u
n t e r s
B e f o r e M K E w a s a c q u i r e d b y M u n t e r
s i t w a s o w n e d b y C h i n
e s e o w n e r s s i n c e i t w a s
e s t a b l i s h e d i n
2 0 0 4 .
M u n t e r s i s g l o b a l l e a d e r i n t h e a i r t r e
a t m e n t i n d u s t r y w i t h
a t u r n o v e r o f a p p r o x i m
a t e l y E U R O
4 5 0 M ( 2 0 1 4 ) .
S t r e n g t h o f M K E
O u t s t a n d
i n g R & D F a c i l i t y
P r e m i u m
P r o d u c t s a n d 8 0 + I P r i g h t s
M a n u f a c t u r i n g f a c i l i t y o f 3 2 , 8 5 0 s q . m . a t D o n g u u a n C
i t y i n C h i n a
O n l y C h i n
e s e a i r c o o l e r b r a n d w
i t h i n t e r n a t i o n a l r e c o g n i t i o n
S y m p h o n y ’ s o p p o r t u n i t i e s
M a r k e t a
c c e s s t o C h i n a
E n h a n c e d i n t e r n a t i o n a l a c c e s s
S y n e r g y
S o u r c i n g
a d v a n t a g e
3 5
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w w w . s y m
p h o n y l i m i t e d
. c o m
I N D I A
m p h o n y L i m i t e d
n y H o u s e ,
F P 1 2 - T P
5 0
e v , O f f S G H i g h w a
y ,
e d a b a d – 3 8 0 0 5 4 .
U S A
S y m p h o n y U S A , I n
c .
6 5 2 0 N .
7 t h S t r e e t S u i t e # 2 3 5
P h o e n i x ,
A Z
8 5 0 1
4
O c t o b e r 2 0 1 5
3 6
M E X I C O
I m p c o ,
S . d e R . L .
d e C . V .
A v e n i d a M i g u e l A l e m
a n # 6 0 6 1 ,
C o l . A m e r i c a ,
G u a d
a l u p e N . L .
M e x i c o ,
C . P . 6
7 1 3 0
C H
I N A
K e r u i l a i A i r T r e a t m e n t
E q u i p m e n t ( G u a n g d o n g ) C o L t d
N o . 8
1 F e n x i Y i
R o a d ,
W a n j i a n g
D i s t r i c t 5 2 3 0
5 5 D o n g g u a n
G u a n g d o
n g C h i n a
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