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. Hong Leong Group is a conglomerate based in Malaysia. ... Note: in the broadest sense, air conditioning can refer to any form of heating, ventilation, and air-conditioning. ... // Events and trends The 1980s marked an abrupt shift towards more conservative lifestyles after the momentous cultural revolutions which took place in the 1960s and 1970s and the definition of the AIDS virus in 1981. ... 1994 was a common year starting on Saturday of the Gregorian calendar, and was designated the International year of the Family. ...
OYL constructs new facility in Wuhan, consisting both an air-conditioning equipment plant and an air-filtration plan and is fully operational.
OYL constructs new compressor manufacturing facility in Suzhou, China and is fully operational in Oct 2004.
OYL has emerged as one of the winners in the annual KPMG Shareholder Value Awards, where Malaysia companies, listed in Bursa Malaysia, are ranked according to the value they created for their shareholders for the financial year ending 2004.
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