OYL Industries Berhad
Encyclopedia
OYL Industries Berhad is a member of the Hong Leong Group
Malaysia. OYL is one of the largest air conditioner manufacturers in the world. In the 1980s, it 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.
OYL was incorporated in Malaysia as a private limited company under the name of O.YL. Industries Sdn Bhd and commenced operations (in Shah Alam) during the year 1974 with the assembly of gas cookers and GLEM gas ovens.
OYL was a public listed company and its shares were traded on the Main Board of Bursa Malaysia
. It was delisted as OYL became a member of Hong Leong Group Malaysia.
Hong Leong Group
Hong Leong Group is a conglomerate based in Malaysia. Founded as a trading company in 1963 by Tan Sri Quek Leng Chan, the company controls 14 listed companies involved in the financial services, manufacturing, distribution, property and infrastructure development...
Malaysia. OYL is one of the largest air conditioner manufacturers in the world. In the 1980s, it expanded regionally into China
China
Chinese civilization may refer to:* China for more general discussion of the country.* Chinese culture* Greater China, the transnational community of ethnic Chinese.* History of China* Sinosphere, the area historically affected by Chinese culture...
and Indonesia
Indonesia
Indonesia , officially the Republic of Indonesia , is a country in Southeast Asia and Oceania. Indonesia is an archipelago comprising approximately 13,000 islands. It has 33 provinces with over 238 million people, and is the world's fourth most populous country. Indonesia is a republic, with an...
. 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.
OYL was incorporated in Malaysia as a private limited company under the name of O.YL. Industries Sdn Bhd and commenced operations (in Shah Alam) during the year 1974 with the assembly of gas cookers and GLEM gas ovens.
OYL was a public listed company and its shares were traded on the Main Board of Bursa Malaysia
Bursa Malaysia
Bursa Malaysia is an exchange holding company approved under Section 15 of the Capital Markets and Services Act 2007. It operates a fully integrated exchange, offering the complete range of exchange-related services including trading, clearing, settlement and depository services.- History :Bursa...
. It was delisted as OYL became a member of Hong Leong Group Malaysia.