Eurocon done $200m transaction with Corus Aluminium

Eurocon Building Industries has signed a deal worth $200 million with Corus Aluminium for the distribution of Alubond u.s.a aluminium composite panels in Western Europe. Under the deal, Corus Aluminium will purchase the Eurocon Alubond products worth up to $800 million during the next three years besides setting up a new production facility in Europe. The deal will also help Eurocon Industries to double its production capacity and become the world's largest aluminium composite panel manufacturer. The signing ceremony was attended by Corus Group delegation led by its managing director Dr Luigi Zunino, Eurocon Group Chairman Shaji Ul Mulk, marketing director Abu Mohammed and Alubond Europe managing partner Miki Krsanin. Alubond u.s.a aluminium composite panel manufactured in UAE under licence from the American firm American Building Technologies Inc. Talking to Khaleej Times yesterday, Eurocon Group Chairman Shaji Ul Mulk said the deal gives us an opportunity to penetrate in the West European market. "Alubond has already emerged as the top brand in East Europe and now we are very optimistic of reaching a similar position in West Europe as well."