Real Estate

NCL to set up unit for uPVC window near Hyderabad

M Somasekhar Hyderabad | Updated on January 09, 2018

Andreas Hartleif (right), CEO, VEKA AG, and Ashven Datla, MD, NCL Wintech

Forms joint venture with German firm

NCL Group and Germany’s VEKA AG Group, a global market leader for uPVC window and door profiles, have entered into an agreement to scale up the market share and introduce niche products in India.

The German company will provide technology expertise to NCL Wintech, promoted by NCL Group, and a current market leader in the uPVC profiles in the country, whose market size is estimated to be around ₹1,500 crore.

Joint venture

The two will form a 50:50 joint venture and invest ₹45 crore in a new manufacturing unit about 30 km from Hyderabad. The factory will have 30 extrusion lines with a capacity of 1,000 tonnes a year in each. NCL

Wintech has acquired land from the Telangana State Industrial Infrastructure Corporation (TSIIC) and production is expected to begin by April 2018, according to Ashven Datla, Managing Director. The JV will consolidate and enhance the quality of NCL’s products and services to the next level. NCL Wintech registered a turnover of ₹130 crore during fiscal 2016-17.

The production capacity now stands at 12,000 tonnes a year (12 lines). The uPVC windows have been a star performer in the building materials industry in India with over 30 per cent compounded annual growth rate over the last decade, Ashven told BusinessLine.

Though present in India for the past 15 years, VEKA Group, the largest international manufacturer of uPVC profile systems for windows and doors, has decided to deepen its presence now with the JV. “The technological expertise that VEKA brings will allow our Indian operation to build a strong platform for product innovation and substantial growth in India,” said Andreas Hartleif, its CEO.

VEKA has manufacturing units in Shanghai and a small one in Malaysia to meet the demands of the Asian market. It has 36 representative offices across three continents and 5,500 employees at present. Its production capacity is 100 lines (1000 tons each line), he said in an interaction here.

Published on November 08, 2017

Follow us on Telegram, Facebook, Twitter, Instagram, YouTube and Linkedin. You can also download our Android App or IOS App.

This article is closed for comments.
Please Email the Editor

You May Also Like