Please find attached the press release titled EPACK Durable Announces Partnership with Bumjin to Drive Growth in Smart Audio Segment .
EPACK · price
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EPACK Durable has signed a Joint Venture Agreement with South Korea-based Bumjin Electronics Co. Limited to manufacture soundbars, TV speakers, and Bluetooth audio devices in India. This marks Bumjin's entry into the Indian market and aligns with EPACK's strategy to diversify beyond air conditioners into emerging consumer electronics categories. Manufacturing operations are expected to start by Q3 FY2026, with the combined entity targeting a 30% market share in its category. The JV will bring technology transfer, R&D collaboration, and export opportunities, while reducing India's current 25% import dependency for speaker systems. EPACK will leverage its large-scale manufacturing and distribution network, while Bumjin contributes its global expertise in audio technology and product design.
This strategic JV expands EPACK's product portfolio into the high-growth smart audio segment, providing a new revenue stream beyond its core air conditioner business. For shareholders, this represents a meaningful diversification move that could enhance long-term growth prospects, though actual revenue contribution will only begin from late FY2026.