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The coating line has a production capacity of 750 tons per month
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The INR 30 Crore investment will generate 50 immediate jobs and 25 more in the
next 6 months
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This cutting-edge technology has reduced delivery time from 2 months to 1-2
weeks
Euro Panel Products Ltd,
which owns EUROBOND - one of the leading Aluminium Composite Panel Brands in
India, today integrated India’s most advanced coating line in an INR 30 Crore
investment. The development aims to strengthen the Make-in-India initiative,
with a significant capacity of 750 tons monthly. This cutting-edge coating line
is also the country’s longest line and features a three-coat two-bake
continuous processing with an accumulator, helping Euro Panel Products Ltd to
mitigate dependency on Chinese materials and manufacture 100% Make-in-India
products.
The INR 30 Crore
investment by Euro Panel Products Ltd includes costs associated with machinery
and land; It will also generate 50 immediate jobs, with another 25 in the next
6 months, contributing to local employment and economic growth. This
development is aimed at enhancing the supportive ecosystem behind ACP
manufacturing and will have a positive impact on the balance sheets for the
upcoming fiscal years. This strategic initiative will help EUROBOND to decouple
from Chinese supply chain dependencies, where coated coils were imported from
China. Going forward, the company will source coils from prominent Indian
manufacturers to finish the coating in-house using Indian paint, reducing the time
from 2 months to 1-2 weeks — a critical step in ensuring faster service and
better quality for customers.
Mr.
Rajesh Shah, Managing Director of Euro Panel Products Ltd.
shared his insights on the development saying, “Our focus is to facilitate a
customer-oriented approach through premium quality and customisable products
that contribute to the national economy. We plan to drive this strategy by
adopting a comprehensive transition away from Chinese materials and
strengthening the Make-in-India initiative. The impact of this development is
not only limited to raising efficiency and generating new employment
opportunities but also significantly reducing delivery time by over 75%, while
maintaining significantly lowered RM holding in our inventories. Integrating
this next-gen technology will enable our customers to choose from an infinite
range of customization aspects, directly contributing to growth and scalability
in future.”
Integrating the
coating-line technology will also lead to Euro Panel Products Ltd undertaking
in-house R&D efforts that will focus on designs and texture. This will
enable the company to offer exclusive and customised designs equipped with
specialised coatings and extended warranties on special requirements to its
extensive clientele. The firm will focus on sourcing only base coils, to be
coated based on requirements and demand. This will enable them to reduce RM
inventory, as the requirement of holding coated coils of different colours and
grades in stock will be diminished.
This strategic
development is far from limited to enhancing employment and efficiency but
reducing man-hours, optimising resource utilisation and flexibility in
customisation. Furthermore, it will help the company to open up a brand new
business avenue of providing coated coils, passively contributing to increased
turnover.
