Corporate News     28-Mar-19
Subros announces expansion of Home AC systems business
Subros in line with its long term plan and strategic intent to expand business in Home AC domain, had initiated manufacturing and business development activities in this segment during past few years. To add product range of Indoor Unit, Outdoor Unit and Window AC Units for realizing the growth potential faster, Subros has entered into a Memorandum of Understanding with Zamil Air Conditioners India (ZAMIL) to acquire ZAMIL's certain assets relating to manufacture of Home Air conditioning systems.

Subros is in the process to enter into definitive agreements in this regard. Through this initiative, Subros will create capacity of 500,000 units per year and also expand its supply of Home Air Conditioning units to various OEM's. The transaction is subject to customary closing events and is expected to be completed during April, 2019.

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