Eurobond’s Aluminum Composite Panels at Media Expo 2021

ACP sheets for signage, home decor and construction

(Left to Right) Aungad Kunwar, general manager, sales, Rahul Gada, chief operating officer and Jayanta Das, general manager, pan India standing in front of the Eurobond stand at Media Expo 2021. photo IPP

Eurobond, the flagship company of Euro Panel Products headquartered in Mumbai has been producing and distributing Aluminium Composite Panels (ACP) for over 19 years. It has a state-of-the-art plant at Umbergaon in Gujarat about 175 kilometers north of Mumbai. It is a manufacturer and fabricator of industrial architectural panels and facades, which it exports and supplies to major builders and architects.

It provides quick delivery of ACPs across state and national borders (USA, SA, Uganda, Nigeria, Tanzania, Sri Lanka and Nepal) with an established capacity of 20,000 sq/m of ACP per day. The Ministry of Commerce and Industry has also designated Eurobond as a One Star Export House as it serves a worldwide clientele.

On the third day of Media Expo, after multiple reschedules, Indian Printer and Publisher finally met and talked with the management of Eurobond. Jayanta Das, general manager – specification pan India, Eurobond, expressed his gratitude towards the Indian Printer and Publisher team and shared his views on the exhibition. The footfalls of the visitors are more or less good or acceptable. He said, “This time, we were anticipating, there will be no crowd, but visitors have surpassed our expectations. The exhibition is organized well keeping Covid-19 in mind – everything is taken care of, sanitization, social distancing and masks.”

Eurobond show galore

Eurobond displayed its ‘HoneyComb’ structural panels. Manufactured in India for the first time and showcased at Media Expo were its high-pressure laminates, fire retardant ACP sheets, and an entire range of metallic, solid, high gloss, sparkle, mirror, marble, wooden texture, emerald, spectra, and brush decorated sheets.

Das spoke of the ACP cores and coatings Eurobond uses in manufacturing. The PVDF coating is of standard quality. The cores are aluminum virgin core, and the standard LDP cores, and the recyclable materials used to produce the ACP sheets. 

Eurobond has completed many government architectural projects for HPCL, BPCL, IOCL and private corporate projects for Reliance Trendz, Tata for building facades, decoration and integrated signage.

Expansion, collaboration and initial public offering

Near the end of our conversation, Das voiced the company’s expansion plan, “We will increase out production capacity beyond the three production lines we already have. And Eurobond is tying-up with Euramax, a foreign collaborator  from the Netherlands, for its premium range of panels. 

Das also mentioned the impending initial public offering (IPO) of the company from 14 to 16 December. The IPO consists of 65,00,000 lakhs shares with a face value of Rs. 10 being offered at a fixed price of Rs 70 each which means a premium of Rs. 60. The Rs 45.15 crore issue was oversubscribed by the last day which was 16 December, except for the portion offered to employees at a discount of Rs 7.

Note – This article has been slightly revised and updated by the editorial desk on 18 December 2021.

2023 promises an interesting ride for print in India

Indian Printer and Publisher founded in 1979 is the oldest B2B trade publication in the multi-platform and multi-channel IPPGroup. While the print and packaging industries have been resilient in the past 33 months since the pandemic lockdown of 25 March 2020, the commercial printing and newspaper industries have yet to recover their pre-Covid trajectory.

The fragmented commercial printing industry faces substantial challenges as does the newspaper industry. While digital short-run printing and the signage industry seem to be recovering a bit faster, ultimately their growth will also be moderated by the progress of the overall economy. On the other hand book printing exports are doing well but they too face several supply-chain and logistics challenges.

The price of publication papers including newsprint has been high in the past year while availability is diminished by several mills shutting down their publication paper and newsprint machines in the past four years. Indian paper mills are also exporting many types of paper and have raised prices for Indian printers. To some extent, this has helped in the recovery of the digital printing industry with its on-demand short-run and low-wastage paradigm.

Ultimately digital print and other digital channels will help print grow in a country where we are still far behind in our paper and print consumption and where digital is a leapfrog technology that will only increase the demand for print in the foreseeable future. For instance, there is no alternative to a rise in textbook consumption but this segment will only reach normality in the next financial year beginning on 1 April 2023.

Thus while the new normal is a moving target and many commercial printers look to diversification, we believe that our target audiences may shift and change. Like them, we will also have to adapt with agility to keep up with their business and technical information needs.

Our 2023 media kit is ready, and it is the right time to take stock and reconnect with your potential markets and customers. Print is the glue for the growth of liberal education, new industry, and an emerging economy. We seek your participation in what promises to be an interesting ride.

– Naresh Khanna

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