In a significant push towards self-reliance, Euro Panel Products Ltd, the powerhouse behind EUROBOND, a prominent aluminium composite panel (ACP) brand in India, has announced INR 30 crore investment in the country’s most advanced coil coating line. In an exclusive interview, Divyam Shah, Director, Euro Panel Products Limited, shared insights on how this strategic move will impact the company, industry, and nation.
Can You Tell Us About The Decision Behind This INR 30 Crore Investment?
For us, this is about creating a more resilient and self-sufficient production model, aligned with Make in India. With this new coating line, we’re integrating a three-coat, two-bake continuous process, which is the most advanced in India. This investment, which includes both machinery and land, is part of a broader vision. It means to enhance our production capacity and quality while reducing our dependency on China for coated coils. By bringing these capabilities in-house, EUROBOND can now produce 100% Make-in-India ACP products.
How Will This Investment Impact Euro Panel Products’ Operations And Customer Service?
Bringing coating in-house allows us to slash our delivery timelines from two months to just one or two weeks. That’s a game-changer for our clients, who often work under tight project schedules. With this setup, we’ll rely on Indian suppliers for base coils and finish the coating ourselves. We’re also able to lower our raw material (RM) holdings, leading to a more flexible and cost-efficient operation. All of this ensures faster delivery, improved quality, and extensive customisation options for our customers. How does the new coating line impact local employment and the future of Euro Panel Products and EUROBOND?
The introduction of our new coating line is a significant catalyst for local economic growth, creating 50 immediate jobs and another 25 anticipated within six months. This commitment not only supports the ACP manufacturing ecosystem but also helps develop a skilled workforce. Looking ahead, this development is more than a mere upgrade; it represents a long-term transformation for Euro Panel Products. The new line enhances our ability to serve existing clients and introduces a new revenue stream by supplying coated coils to other businesses. This shift reduces our reliance on pre-coated stock, allowing for greater flexibility and scalability. By championing domestic production and innovation, Euro Panel is not only pushing the boundaries of ACP manufacturing but also reinforcing India’s position as a hub for advanced, customisable building solutions, ultimately driving the Make-in-India initiative forward.
Could You Share More About The Technology And Research Behind This Coating Line?
This coating line is a breakthrough in terms of technology, but it’s also an opportunity for in-house R&D. We’re developing specialised coatings and extended warranties, especially for customised requirements. Our team is already working on creating unique designs and textures that will be exclusive to EUROBOND. Clients will soon see a variety of exclusive options, ranging from special finishes to more extended durability.
For More Details On The Company And Its Products:
Euro Panel Products Limited
Website: www.eurobondacp.com
Email: sales@eurobondacp.com
Phone: +91 8828238388
