In our exclusive collaboration for zinc facades in India, Rheinzink brings unparalleled expertise and a commitment to product innovation, durability, and sustainability. By combining Rheinzink’s unique capabilities with our shared commitment, we anticipate setting new benchmarks in sustainable architecture within the Indian market.
January 2024 : In this insightful interaction with Niranjan Mudholkar, Editorial Director, Pro MFG, Rajesh Shah, MD & Chairman, Euro Panel Products Limited, shares that ‘maintaining quality and productivity while controlling costs is central to the ethos of his organization. “We prioritize long-term gains, steering clear of short-term compromises,” he adds.
What was the total annual revenue or turnover for your company in the most recent fiscal year, and how does it compare to the previous year?
In the fiscal year 2022-2023, our company achieved a noteworthy annual revenue of ₹330 Crore, reflecting a substantial growth of over 50 percent compared to the prior year. This is attributed to our strategic initiatives, including product innovations, expansion of our channel partners, and exports. Our commitment to fostering strong relationships with 12 depots, 80 distributors, and a vast network of more than 5000 dealers ensures comprehensive coverage across every part of India. The concerted effort to increase exports has not only fortified our domestic market presence but has also been a key factor in driving the exceptional revenue increment.
How do you foresee industry trends and government policies influencing your company’s expansion and financial turnover in the next 12 months?
Anticipating industry dynamics and governmental policies over the next 12 months, we perceive a growing emphasis on safety and sustainability trends. There is a notable shift towards products that prioritize fire safety, aligning with the broader macro trend of sustainability. Eurobond ACP is strategically positioned to capitalize on these developments, offering fire-retardant panels that address the rising demand for safety-conscious solutions.
Notably, our fire-retardant panels not only align with the safety trend but also contribute to sustainability. Manufactured with recycled materials and utilizing solar power for 20 percent of our energy consumption, our panels are environmentally friendly and recyclable. This dual focus on safety and sustainability positions Eurobond ACP as an industry leader, setting trends rather than merely following them. Moreover, our proactive response to industry needs is evident in being the first Indian manufacturer to establish a production unit for lightweight aluminum honeycomb panels, recognizing the demand for fire-retardant solutions in a lightweight format.
Tell us about your exports business in terms of markets served, products sold and overall contribution to the revenues?
Eurobond ACP has cultivated a global presence by exporting to 12 countries, including the USA, Brazil, Egypt, Nigeria and more. This international expansion is a significant aspect of our operations, contributing to our overall revenue stream and reflecting a strong global footprint. As we actively foster global collaborations and broaden our product reach, we anticipate further growth in our exports in the coming years.
What unique expertise or contributions does Rheinzink bring to this collaboration that align with your objectives?
Rheinzink, boasting a rich 175-year legacy, stands out as the foremost producer of architectural zinc panels globally. In our exclusive collaboration for zinc facades in India, Rheinzink brings unparalleled expertise and a commitment to product innovation, durability, and sustainability. As the largest manufacturer in the field, their extensive history aligns seamlessly with Eurobond’s shared objectives for creating long-lasting, sustainable architectural solutions. Both companies share a vision for pioneering advancements in the industry, and this collaboration marks a significant game-changer for India. By combining Rheinzink’s unique capabilities with our shared commitment, we anticipate setting new benchmarks in sustainable architecture within the Indian market.
Tell us about your manufacturing capabilities and capacities.
Our manufacturing capabilities at Eurobond encompass five production lines, empowering us to achieve a daily production capacity of 25,000 square meters of ACP panels. Notably, we have dedicated manufacturing lines specifically tailored for fire retardant panels, further demonstrating our commitment to innovative solutions. Pioneering the industry, we were the first to establish in-house production for aluminum honeycomb panels, representing a cutting-edge development in fire retardant lightweight panels.
Ensuring quality consistency is paramount, and to this end, we maintain an in-house testing lab. This facility rigorously tests every aspect of our panels, from raw materials to the finished product, ensuring the highest standards at every stage of production. Additionally, in alignment with our sustainability goals, our manufacturing facility incorporates solar panels, contributing to 20 percent of our energy consumption, marking a strategic shift towards environmentally conscious practices.
How do you maintain both quality and productivity at the manufacturing level while keeping the costs under control?
In our family-driven business, we hold firm to values that place quality above all else. Maintaining quality and productivity while controlling costs is central to our ethos. We prioritize long-term gains, steering clear of short-term compromises. Our commitment to quality extends to using high-quality products, coupled with optimized procurement processes to manage costs effectively. With an experienced team at both ground and top levels, we ensure that stringent quality standards are met at every step. This collaborative effort ensures the delicate balance between quality, productivity, and cost control, fostering the sustained success of our company.
Where do you want to see Euro Panel Products Limited in the next five years in terms of business growth, market position and as a brand?
In the next five years, our vision for Euro Panel Products Limited is one of substantial business growth, fortified market positioning, and elevated brand prominence. We aim to solidify our presence as a leading player in the industry, expanding our market reach both domestically and internationally. We have set an ambitious revenue target of ₹500 crore by 2025. Our goal is not just quantitative growth but also qualitative excellence, emphasizing innovation and sustainability in our product offerings. As a brand, we aspire to be synonymous with reliability, cutting-edge solutions, and a commitment to environmental consciousness. Through strategic initiatives and a customer-centric approach, we envision Euro Panel Products Limited as a trailblazer in the industry, setting benchmarks for success and industry leadership.
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