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As it completes a decade of operations in India, Funder Max, the Austrian major that manufactures premium cladding material for buildings, is weighing options to set up a production facility in the near-term.
It will depend on the growth rates in the Indian and Asian markets. At present, the proposal is very much in the planning stages, says Prashanth Reddy, the India chief of the firm.
To meet current demands the firm imports material from Austria, where it has five production units.
It has a warehouse in Bengaluru and operates through 44 business partners in India, Nepal and Sri Lanka. “We do engineering work and provide the complete installation solution with the business partner. Our products are sustainable and durable,” Reddy told BusinessLine during his recent visit to Hyderabad.
Despite the growth in the real estate and construction industry being subdued in the last few years, Funder Max India is logging an annual CAGR of more than 15 per cent.
India has the potential to emerge as the hub for the Austrian company, which is part of the €688 million Constantia Group (interests in machinery and generator, sports goods, aircraft interiors and renewable).
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