Fiamma and Samyou Partner to Introduce VINO HVAC in Malaysia
Malaysia: Fiamma Holdings Berhad, a member of the Chin Hin Group, has announced a joint venture with Great Trillion Investment Limited, a subsidiary of China’s Zhuhai Samyou Environmental Technology Co. Ltd, to introduce the "VINO" brand into Malaysia’s air-conditioning market. The joint venture, named VINO Air-Conditioning (M) Sdn Bhd, will see Fiamma holding a 70% stake and Great Trillion the remaining 30%. The partnership will combine Fiamma’s experience in consumer electronics and extensive local distribution network with Samyou’s expertise in high-quality HVAC products, aiming to strengthen Fiamma’s position in the Malaysian market.
The joint venture will focus on distributing a range of air-conditioning and dehumidification solutions, including split-type units, cassette systems, variable refrigerant flow systems, and floor-standing units. These offerings are intended to meet increasing demand in residential, commercial, and industrial markets for energy-efficient and high-performance HVAC solutions. The collaboration is expected to expand Fiamma’s product portfolio, diversify revenue streams, and bolster its market presence in the region.
Source: Business Today