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Aludecor aims Rs 1100 cr turnover by 2025 from new products and exports business

New Delhi, July 13, 2022: Manufacturer of Metal Composite Panels, Aludecor, and world’s leading manufacturers of rolled Zinc materials, Nedzink, have signed a Memorandum of Understanding to galvanize the use of sustainable building material solutions. 

The two companies have decided to team up to bring rolled Zinc products to India.

“This is a great moment for the nation wherein two of the leading players from the field are joining hands together to bring a green, sustainable and recyclable product in the country. Zinc as a metal is more durable, 100% recyclable, long lasting, maintenance free, low greenhouse gas releasing, self-healing, and consumes less energy compared to other metals from mining to production. The benefits of Zinc for the society are immense.” said Aludecor CMD Ashok Kumar Bhaiya.

Total market size of Metal facades in India as on date is approximately Rs 4000 crores and is set to increase to over Rs 5,000 crores in the next two years. Out of this, zinc metal façade products, currently contributes less than one percent which is expected to grow to 5% in the next 2-3 years thus, becoming a 250 crores market. 

“India is a key market for us and we will be focusing aggressively with Aludecor to popularize the product here. With NedZink’s advance technology and expertise in producing high quality titanium Zinc sheets sustainably produced in our plants, Indian consumers are going to experience a product which is long lasting and is sustainable.” said Erwin Smeets, Group Business Development Director, NedZink.

“To qualify as a Green Building there are certain criterion such as usage of Sustainable materials and using sustainable construction practices. A green building is an architectural space that is created from natural and sustainable materials as well as formed using a process that does not significantly damage the environment around it. It is also necessary to have skilled installers, to bring in complete satisfaction to the customer,” says Dr. P R Swarup, Director General, Construction Industry Development Council (CIDC).