- Euro Panel Products Ltd has invested ₹30 crore in India's most advanced coating line, boosting local ACP manufacturing with a capacity of 750 tons per month.
- The initiative supports the Make-in-India campaign, reduces reliance on Chinese materials, and cuts production time from 2 months to 1-2 weeks.
- The investment will create 50 jobs immediately, with 25 more in 6 months, while enhancing customization options, efficiency, and financial growth.
Euro Panel Products Ltd, owner of EUROBOND—one of India's leading Aluminium Composite Panel brands—has made a ₹30 crore investment to integrate the country’s most advanced and longest coating line, with a capacity of 750 tons per month.
According to the official press release, this initiative supports the Make-in-India campaign by enabling the production of 100% Indian-made products and reducing reliance on Chinese materials through a state-of-the-art three-coat, two-bake continuous processing system.
The investment covers machinery and land, while also creating 50 immediate jobs, with 25 more to follow in six months, contributing to local employment and economic growth. By sourcing base coils from Indian manufacturers and finishing the coating process in-house with Indian paint, the company will cut production time from two months to just 1-2 weeks, ensuring faster service and improved product quality. This strategic move strengthens ACP manufacturing in India and is expected to positively impact the company’s financials in the coming years.
Rajesh Shah, Managing Director of Euro Panel Products Ltd, emphasized the company's focus on fostering a customer-centric approach through premium, customizable products aimed at boosting the national economy. Shah outlined plans to support this strategy by shifting away from Chinese materials and reinforcing the Make-in-India initiative, positioning the company as a key player in the country's manufacturing sector.
"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,” Shah added.
By integrating coating-line technology, Euro Panel Products Ltd will focus on in-house R&D to create exclusive, custom designs with specialized coatings and extended warranties. They will source base coils and coat them as needed, reducing the inventory of pre-coated coils. This not only improves efficiency and resource use but also opens a new revenue stream by offering coated coils, contributing to increased turnover.
Edited by Harshajit Sarmah
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