We are looking to expand and put a manufacturing setup in northern and western region to cater to new and existing clients, says Sanjay Bhammidimarri, Director, LCP Group.
Can you share with us the success story of LCP Building Products?
We started our journey in India in Chennai, Sriperumbudur, around 12 years ago. We are a 100 percent subsidiary of LCP Group, Singapore, a 30-year-old group having manufacturing operations in Singapore, Malaysia, and India. We have grown in these 12 years in India, and have established ourselves in the metal building industry.
We have a strong presence across South Asia, Middle East, Africa, and SAARC, where we have supplied our products for challenging and marquee projects. This has given us a good exposure and has helped us to expand our group across various geographies.
We have a strong design team, working on the latest design software, to give the most optimum, comprehensive and one-stop solutions for all the structural, architectural and roofing needs of our clients. We ensure our product quality (material as per customer specification), quick response (on any issues and being flexible to client’s need) and timely service (meeting customer timelines) has always been our main focus areas that have helped us to win customer loyalty and confidence and also get new customers.
What is your opinion about the growth of fabrication industry in India?
With the government’s push on making India a manufacturing hub, the fabrication industry will continue to grow. Also, due to supply chain disruptions during this pandemic, companies are now looking to add other countries as their supply chain partners, instead of a single source. This has helped India to be a country of consideration. New industry segments like Warehousing, Electric Vehicles, Renewable Energy, Infrastructure expansions like Airports, Ports, Railways, and many other industries will help the fabrication industry to grow in the coming years.
Can you brief us about the advantages of products being offer by your company?
We have a wide product range of industrial and architectural roofing profiles made from Galvalume, pre-painted Galvalume, aluminium and pre-painted aluminium, copper, stainless steel, and titanium zinc. We have on-site roll-forming facility with which we can produce up to any length, and we can also make concave, convex and tapered shape in our standing seam profile.
Due to the thrust on solar power in the country, we started manufacturing module mounting structures both hot dip Galvanised and Galvalume structures to meet the demand requirements of the new industry. We have our own Hot Dip Galvanizing Plant, with 13 m length.
What is the impact of increasing inflation over your business?
The inflation in Raw Material prices in the last one and half years where steel prices have doubled, have increased project costs that have slowed down demand in certain segments, and have also increased our working capital requirements and other costs. These are challenging times but we are confident to manage the same and overcome it.
What are LCP’s future business strategies?
As a part of our overall growth strategy, we continue to focus on new emerging segments, new product manufacturing opportunities in industries like Railways and Defence which will further add new products and capacities. We are also looking to expand and put a manufacturing setup in northern and western region to cater to new clients and existing clients. Exports is also our focus area in our growth strategy.
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