Euro Panel Products Ltd, the parent company of the renowned EUROBOND brand, has announced the launch of India’s most advanced coil coating line with an investment of INR 30 Crore. This state-of-the-art facility, designed to support the Make-in-India initiative, is set to enhance local manufacturing capabilities significantly.
The new coating line, the longest of its kind in India, boasts a three-coat two-bake continuous processing system with an accumulator. This setup will allow Euro Panel Products Ltd to produce up to 750 tons of coated material per month, reducing the company’s reliance on imported Chinese materials and enabling it to manufacture fully domestic products.
The INR 30 Crore investment covers both machinery and land costs. The project is expected to create 50 immediate jobs, with an additional 25 positions to be added within the next six months, contributing to local employment and economic growth.
This development aims to bolster the ecosystem supporting Aluminium Composite Panel (ACP) manufacturing and improve the company’s financial performance in the coming fiscal years. By transitioning away from Chinese-coated coils, Euro Panel Products Ltd will now source base coils from Indian manufacturers and apply coatings using local paint. This change will cut production time from two months to 1-2 weeks, enhancing service speed and product quality for customers.
Rajesh Shah, Managing Director of Euro Panel Products Ltd, commented, “Our goal is to provide premium, customizable products that not only meet customer needs but also support the national economy. This new facility marks a significant shift away from Chinese materials, aligning with our commitment to the Make-in-India initiative. The technology will increase efficiency, reduce delivery times by over 75%, and lower raw material inventory costs, while offering a wide range of customization options.”
The new coating line will also support in-house research and development, focusing on design and texture innovations. This will enable Euro Panel Products Ltd to offer unique and customized designs with specialized coatings and extended warranties. By concentrating on base coils and reducing inventory of pre-coated coils, the company will optimize resource use and offer more flexible customization options.
This strategic development not only promises to boost employment and operational efficiency but also to create new business opportunities in coated coil supply, potentially increasing the company’s turnover. EUROBOND, a leading Metal Composite Panel brand in India, is the flagship brand of Euro Panel Products Ltd.
Established in 2002, EUROBOND was one of the first brands to introduce Aluminium Composite Panels (ACP) to India and has since become a leader in the industry, known for quality, authenticity, and service. The brand has achieved significant success through its high-quality panels, extensive distribution network, and satisfied customer base.
With a presence in over 14 countries, including the USA, Uganda, Nigeria, and Brazil, EUROBOND is expanding its global footprint. In 2021, Euro Panel Products Ltd became the first Indian ACP company to list on NSE Emerge. The company was also recognized in 2022 as the Most Trusted ACP Brand and Quality Excellence Leader by the ET Ascent Star of the Industry Awards.
