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NCL Veka’s ₹ 50 Crore Plant Goes on Stream

By: Admin | Posted on: Friday April 12, 2019

One of the uPVC profile leaders in India, NCL VEKA, has scaled up its m a n u f a c t u r i n g capacities with the inauguration of the newly-built ₹50-crore uPVC profile extrusion facility in Medak district in Telangana on February 13, 2018. The new plant with a fully automated mixing and conveying system and 18 extruders, was inaugurated by Jayesh Ranjan, Principal Secretary of the Industries & Commerce (I&C) and Information Technology (IT). Congratulating the company, Ranjan said that this occasion is a milestone in the uPVC profiles manufacturing capabilities in the country. The facility is spread over 1,20,000 Sq ft, on 16.8 acres of land.
Ashven Datla, Managing Director of NCL VEKA, said that this largest Indian uPVC plant was completed in record 12 months, enhancing the capacity to produce 24,000 tonnes of profiles, translating to window requirements for 300,000 homes per year. “We will continue to invest toward attaining the phase wise expansion to 30 uPVC extruder’s lines to support our growing market,” he added.
The manufacturing facility provides employment for 450 people. It will produce new generation VEKA uPVC profiles to serve the domestic and MEA markets. The production facilities are eco-friendly and use green plant practices.
Andreas Hartleif, CEO, VEKA AG in his address said that India’s window market is a vast resource of untapped potential for uPVC, and expanding profiles production within the country will be essential for VEKA to address the growing market needs and maintaining a leadership position. He added that they will use this facility to export to the Middle East and the African markets.
NCL VEKA, a JV, between NCL Group (Hyderabad) and VEKA Group, (Germany) had announced ₹25 crore fresh investments in machinery, product enhancements, new showrooms, and marketing outlay, in the last fiscal. The new up-graded extrusion lines costed an additional investment of ₹25 crore involving machinery and building of the factory in Hyderabad.
NCL VEKA holds a 15% share of the UPVC window market. Commissioning of the new production line will help the company tap into the increasing demand for uPVC which is becoming the preferred choice for windows because of better aesthetics, longer life, less maintenance, better insulation, and factory finished windows. Growing with a 30% growth YoY, NCL VEKA will cross a turnover of ₹200 crores for FY 2018-19 and has built strong partnerships with over 100 specialist fabricators to serve markets across India.
NCL is an INR 2000 crore building materials manufacturer based out of Hyderabad. VEKA is a $1.2 billion producer of uPVC profiles with manufacturing units in 18 countries, operations in 40 countries and total employees of 5,600.

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