New Delhi — Insulated panel maker Jindal Mectec and Irish firm Kingspan have formed a joint venture targeting airport and rail infrastructure projects.
The JV will operate as Kingspan Jindal and it aims to capture a slice of the the growing application of polyurethane insulated panels in India.
The use of polyurethane in these applications comes from direct investment in infrastructure; high-end production facilities in FMCG, food and pharma sectors; distribution centres & warehousing; and in cold chain facilities.
'Investing in India is a key element of Kingspan’s geographic growth strategy. The JV will also cover Bangladesh, Sri Lanka, Nepal and Bhutan,' said Gilbert McCarthy, MD, Kingspan Insulated Panels.
The JV operates from two Jindal facilities based at Nalagarh, Himachal Pradesh, and Indore, Madhya Pradesh. Jindal said it will shortly announce investments to upgrade both plants. This will enable them to produce PU insulated panels. PIR will be added later, the company said.
Saurabh Jindal, MD Jindal Mectec, saids 'Kingspan Jindal will offer insulated panel, architectural wall cladding and roofing solutions besides insulated panel systems. This will ensure buildings are built quickly with enhanced site safety.'
Jindal has been made and sold Kingspan proprietary products like QuadCore insulation cores for thermal and fire performance and KingZip standing seam roofing systems for infrastructure.