New Delhi, May 16, 2018: Jindal Mectec Pvt. Ltd, the Indian market leader in insulated panels and Kingspan, the global leader in insulated panels and building envelope solutions, have entered a Joint Venture (“Kingspan Jindal”) to capture the massive growth of modern methods of construction in India. This growth is supported by the strong domestic & foreign direct investment momentum in infrastructure; high-end production facilities in the FMCG, food and pharma sectors; distribution centres &warehousing; and in cold chain facilities and other segments.
With the Indian and the global market leader in insulated panels joining forces, Kingspan Jindal will become India’s leading manufacturer of high-performance insulated panels and building envelope systems, featuring industry-leading innovation. The JV operates a strong, local manufacturing base with two modern factories, has a pan-Indian sales & partner network and full access to Kingspan’s world-leading insulated panels and building envelope technologies.
Mr. Gilbert McCarthy, MD Kingspan Insulated Panels, said: “Investing in India is a key element of Kingspan’s geographic growth strategy. The JV will also cover Bangladesh, Sri Lanka and Nepal and Bhutan.”
Saurabh Jindal, MD Jindal Mectec Pvt. Ltd, said, “Kingspan Jindal will offer insulated panel, architectural wall cladding and roofing solutions for end clients who want high performance systems which are easy to install, and most importantly offer insurer-approved fire performance and superior lifetime energy savings. In addition, the JV’s insulated panel systems ensure buildings are built very quickly which has the added benefit of enhancing site safety due to shorter times working at height.”
The JV will accelerate the development of Jindal Mectec’s existing product portfolio, leveraging Kingspan’s proprietary insulation core technologies and building technology know-how. In particular, world-leading innovation – such as Kingspan’s QuadCoreTM insulation core with its superior thermal and fire performance – will become available to the Indian market. In addition the JV will offer a world-class infrastructure solutions portfolio leveraging Kingspan’s KingZipTM standing seam roofing system, available as a package with the Group’s skylight and architectural façade system, especially suitable for airport and rail infrastructure projects.
About Jindal Mectec
Jindal Mectec Pvt. Ltd was established more than 30 years back for manufacturing and supply of PU (Polyurethane) moulded seats for Maruti Udyog Ltd. The Journey was initiated under the dynamic leadership of Mr. Pawan Jindal, Chairman of Jindal Mectec Pvt. Ltd. Soon, Jindal Mectec centred the PUF/PIR panels market which grew strongly, supported by the infrastructure growth of the country. Today, Jindal Mectec is recognized as India’s largest manufacturer of insulated panels with an installed capacity of 4.5 Million sqm per annum. Jindal Mectec offers a wide range of insulated panels for various applications and segments.
Kingspan is the global leader in high performance insulation and building envelopes. Kingspan differentiates itself through its relentless development of innovative and patent-protected proprietary technology. Kingspan helps its customers to build in an energy efficient manner that both reduces running costs and also meets environmental regulations and greenhouse gas emissions targets. Improving building performance, construction methods and ultimately people’s lives, is what drives Kingspan forward around the world. Kingspan was founded in the 1960’s in Ireland, is listed on the Dublin and London stock exchanges, generated sales of EUR 3.7bn in 2017 and has more than 100 manufacturing facilities in 60 countries.