Insulated panels maker Jindal Mectec Pvt Ltd and Ireland’s Kingspan, a global major in insulated panels and building envelope solutions, have entered a joint venture to capture the massive growth of modern methods of construction in India.
With the Indian and the global market leader in insulated panels joining forces, the JV company ‘Kingspan Jindal’ will become a major manufacturer of high-performance insulated panels and building envelope systems in India.
Commenting on the JV, 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, innovation – such as Kingspan’s QuadCore 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 KingZip 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.
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