OYL Industries

OYL Industries Berhad (OYL Industries Limited) was a member of the Hong Leong Group Malaysia, until its 2006 acquisition by Japan's Daikin Industries. OYL was one of the largest air conditioner manufacturers, and post merger, made Daikin the number two manufacturer of air conditioning systems in the world.

History

In the 1980s, OYL expanded regionally into China and Indonesia. Having set a firm foundation regionally, OYL took a significant step towards the globalisation of its activities when it acquired US-based SnyderGeneral in May 1994. This acquisition of a major US company by a Malaysian public listed organisation is the first in Malaysian corporate history.

The Group's principal activities are the manufacture, sale and distribution of heating, ventilating, air-conditioning and refrigeration equipment and the manufacture and sale of air filtration products and systems. Other activities include investment and property holding. Operations are carried out in North America, Asia and Europe.