Hyderabad: India-based Euro Panel Merchandise, the makers of in style Eurobond merchandise, on Wednesday built-in reducing coil coating line know-how with Rs 30 crore funding. The event goals to strengthen the Make-in-India initiative, with a big capability of 750 tons month-to-month. This cutting-edge coating line incorporates a three-coat two-bake steady processing with an accumulator, serving to the corporate to mitigate dependency on Chinese language supplies and manufacture 100 per cent Make-in-India merchandise.
The Rs 30 crore funding by the corporate contains prices related to equipment and land; It would additionally generate 50 rapid jobs, with one other 25 within the subsequent 6 months, contributing to native employment and financial progress. This improvement is aimed toward enhancing the supportive ecosystem behind ACP manufacturing and may have a constructive impression on the steadiness sheets for the upcoming fiscal years. This strategic initiative will assist firm to decouple from Chinese language provide chain dependencies, the place coated coils had been imported from China. Going ahead, the corporate will supply coils from outstanding Indian producers to complete the coating in-house utilizing Indian paint, lowering the time from 2 months to 1-2 weeks — a important step in guaranteeing quicker service and higher high quality for patrons.
Rajesh Shah, Managing Director of Euro Panel Merchandise Ltd mentioned, “Our focus is to facilitate a customer-oriented method by means of premium high quality and customisable merchandise that contribute to the nationwide economic system. We plan to drive this technique by adopting a complete transition away from Chinese language supplies and strengthening the Make-in-India initiative. The impression of this improvement shouldn’t be solely restricted to elevating effectivity and producing new employment alternatives but in addition considerably lowering supply time by over 75 per cent , whereas sustaining considerably lowered RM holding in our inventories. Integrating this next-gen know-how will allow our clients to select from an infinite vary of customisation points, straight contributing to progress and scalability in future.”
The agency will deal with sourcing solely base coils, to be coated primarily based on necessities and demand. This can allow them to scale back RM stock, because the requirement of holding coated coils of various colors and grades in inventory can be diminished.
This strategic improvement is much from restricted to enhancing employment and effectivity however lowering man-hours, optimising useful resource utilisation and adaptability in customisation. Moreover, it’s going to assist the corporate to open up a model new enterprise avenue of offering coated coils, passively contributing to elevated turnover.
