Fedders Lloyd To Set Up Bus Ac Unit

Fedders Lloyd Corporation, the Rs 170-crore airconditioning company, plans to set up a manufacturing facility in the near future for its new range of bus air-conditioning and truck refrigeration products.

It is eyeing a 7.5 per cent market share in the first year of operations and hopes to increase it to 30 per cent by 2005.

The company has entered into a tie-up with Hong Lim Industrial Co of Korea to foray into this segment.

It has introduced the