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Aparna Enterprises ties up with Craft Holding for aluminium exterior solutions

Metal News - Published on Fri, 15 Mar 2019

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Construction and building materials company, Aparna Enterprises, part of the Hyderabad-based Aparna Group, has announced a joint venture with Hong Kong-based Craft Holding Ltd for the manufacture and retail of aluminium exterior products and solutions. The venture, Aparna-Craft Exteriors, will leverage the design and engineering expertise of Craft Holdings and the execution capabilities of Aparna Enterprises to offer aluminium exterior solutions in India. The synergy will witness the brand setting up a manufacturing facility at Bachupally, Hyderabad, spread across 50,000 sq. ft, with a production capacity of 0.6 million sq. ft per annum initially.

Mr Ashwin Reddy, Managing Director, Aparna Enterprises, said that “Aluminium exteriors as a market segment has huge potential owing to rapid urbanisation and infrastructure development across the country. Craft is a leader in many geographies across the world and Aparna-Craft Exteriors will thrive to be the one in India.”

Mr Reddy said that Indian building facades and fenestrations is fast growing and is pegged at around INR 10,000 crore.”

Aparna Reddy, Executive Director, said that “Initially, we expect to invest about INR 30 crore on the project and later ramp it up as we grow. The design expertise with our execution capabilities will enable us to offer new solutions.”

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Posted By : Rabi Wangkhem on Fri, 15 Mar 2019
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