FCC

NCL VEKA?s Rs 500?million uPVC Profiles Extrusion plant goes on stream

2019-03-08

Among India?s uPVC profiles leader, NCL VEKA has formally inaugurated the newly-built Rs 500 million uPVC Profile Extrusion facility in the Medak district of Telangana with a fully automated mixing and conveying system and 18 extruders.

Jayesh Ranjan, Principal Secretary, Industries & Commerce (I&C) and Information Technology (IT) Departments, Government of Telangana, opened the 120,000 sq ft 18 extruders line constructed on 16.8 acre. The ribbon-cutting ceremony to mark the start of production included NCL VEKA and VEKA leadership team, its employees and channel partners.

At the inauguration

Congratulating team NCL VEKA on the largest Indian uPVC Extrusion Plant capacity expansion, Jayesh Ranjan, Principal Secretary, I&C and IT Departments, Government of Telangana, said, ?This is a special occasion and a milestone in the uPVC Profiles manufacturing capabilities in the country. It gives me immense pleasure to extend congratulations to the company.?

Announcing the commissioning of the plant, Ashven Datla, CEO, NCL VEKA, said, ?The largest Indian uPVC plant, completed in a record 12 months, enhances our capacity to produce 24,000 tonne of profiles, translating to window requirements for 300,000 homes per year. We will continue to invest toward attaining phase-wise expansion to 30 uPVC extruder?s lines to support our growing market.?

Talking about state government industrial strategies, Ranjan said, ?Our government values the uPVC Profile industry as one that provides important employment opportunities and helps complement the construction industry growth. To have them in our state and see them scale new heights as an uPVC profiles industry leader in India is commendable.? He added, ?Working together with industries to establish and expand has always been a top priority for the government.?

Immense potential

Set up in Mucherla Village, in Medak district, Telangana, the manufacturing facility, providing employment for 450 people directly and indirectly, will produce new generation VEKA uPVC profiles to serve the domestic and MEA markets. The production facilities are eco-friendly and use green plant practices.

Andreas Hartleif, CEO, VEKA, in his address said that India?s windows market is a vast resource of untapped potential for uPVC, and expanding profiles production within the country will be essential for VEKA to address the growing market needs and maintaining leadership position. ?We will use this facility to multiply our market share in India and export to Middle East and African markets.?

NCL VEKA, a JV between NCL Group (Hyderabad) and VEKA GROUP (Germany), had announced, in the last fiscal, Rs 250 million fresh investments in machinery, product enhancements, new show-rooms, and marketing outlay. The new up-graded extrusion lines costed an additional investment of Rs 250 million involving machinery and building of the factory in Hyderabad.

NCL VEKA holds a 15-per-cent share of the UPVC window market. Commissioning of the new production line will help the company tap into the increasing demand for uPVC, which is becoming the preferred choice for windows because of better aesthetics, longer life, less maintenance, better insulation, and factory finished windows.

Growing with a 30-per-cent growth YoY, NCL VEKA will cross a turnover of Rs 2 billion for FY2018-19 and has built strong partnerships with over 100 specialist fabricators to serve markets across India.

VEKA is a $1.2-billion, the world?s largest producer of uPVC profiles with operations in manufacturing units in 18 countries, operations in 40 countries and total employees of 5,600.

NCL is a Rs 200-billion building materials manufacturer based out of Hyderabad with products ranging from cement, boards, windows, doors, paints and plasters and AAC blocks.