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Eurocon Building Industries signs $200m deal with Corus Aluminium

DUBAI — Eurocon Building Industries has signed a deal worth $200 million with Corus Aluminium for the distribution of Alubond u.s.a aluminium composite panels in Western Europe.

Under the deal, Corus Aluminium will purchase the Eurocon Alubond products worth up to $800 million during the next three years besides setting up a new production facility in Europe. The deal will also help Eurocon Industries to double its production capacity and become the world’s largest aluminium composite panel manufacturer.

The signing ceremony was attended by Corus Group delegation led by its managing director Dr Luigi Zunino, Eurocon Group Chairman Shaji Ul Mulk, marketing director Abu Mohammed and Alubond Europe managing partner Miki Krsanin.

Alubond u.s.a aluminium composite panel manufactured in UAE under licence from the American firm American Building Technologies Inc.

Talking to Khaleej Times yesterday, Eurocon Group Chairman Shaji Ul Mulk said the deal gives us an opportunity to penetrate in the West European market.

“Alubond has already emerged as the top brand in East Europe and now we are very optimistic of reaching a similar position in West Europe as well.”

He said this association with Corus Group has encouraged us to double our production capacity in UAE and set up a new production facility in Europe.

“Alubond’s production facility in Belgrade is at an advanced stage and expected to commence production in a few months,” he said.

“Alubond will also be launching an exclusive line of products for European market called Alubond-lite in 3mm thickness for usage in the signage and corporate identity market,” he explained.

Under the deal, Corus will stock and distribute Alubond in Italy, France, Germany, Suisse, Spain, Belgium, Greece, Luxembourg, Holland and United Kingdom through its network of stock centres and distribution channels.

Corus Group managing director Dr Luigi Zunino said, under the new ownership of TATA they have felt the need to expand their product range to their existing base of nearly 2,000 clients around Europe. “Alubond u.s.a was their natural choice in terms of demonstrating some of the highest quality standards as well as competitive pricing.”

Shaji Ul Mulk said ABTI and Eurocon is at an advanced stage of expansion in their new 400,000 square feet manufacturing and office facility located in Sharjah Hamriyah Free Zone which is due for completion in March 2008.

“This facility will include increasing the factory production capacity in UAE to more than three million square metres,” he said adding that the UAE factory will be the largest production base of Alubond panels.

European and USA bases will give another three million square metres giving a total annual capacity of six million square metres taking Alubond amongst the world’s top three aluminium composite panel manufacturers. The facility is also backed by a high speed coating line of 1600mm width and an in house processing plant.

“The company is also in discussions with Dupont for manufacturing fire rated mineral core at the UAE facility,” he said.