EPACK recently announced collaboration with Symphony for manufacturing of air coolers. The Indian Air cooler market was pegged at Rs 2,980 crore in FY23 and poised to grow at a CAGR of 7.7 per cent in FY24 – FY28, reaching an estimated value of Rs 4,290 crores with 4.7 million units in volume, as per an industry report. Air coolers are a better alternative to air conditioners, costing approximately 80-85 per cent less.

Ajay DD Singhania, Managing Director and Chief Executive Officer at Epack Durable said, "Having commenced our air cooler production in FY24, our strategic focus on growth and profitability aligns perfectly with India's standing as the world's largest air cooler market. This expansion enables us to tap into a vast and readily accessible market, enhancing efficiencies at our manufacturing facilities without requiring additional investment."

"Our focus is on diversifying our business segments and expanding our product portfolio to cater to a wider customer base. We are thrilled to partner with Symphony Limited, a global leader in air coolers, to further enrich our offerings and strengthen our market presence" he further added.

"Special thanks to Achal Bakeri - MD Symphony Limited, for inviting us and announcing a manufacturing partnership for Air Coolers with Epack Durable to manufacture their latest range of Silent Air-coolers. This association is expected to create synergies in manufacturing, with EPACK leveraging its state-of-the-art production facilities to meet Symphony's high standards of quality and performance. By working together, we can address the evolving market needs more effectively, ensuring that customers receive the best possible products at competitive prices" said, Deepak Gupta, Vice-President – Sales and Marketing at EPACK Durable.

The alliance will enable EPACK to levarage its manufacturing capacity, improve capacity utilization, and diversify its customer base.