Hyderabad: City-based buildings materials company UWIC, which is into making aluminum doors and windows, will set up a new manufacturing unit at Shankarpally.
The unit, coming up in about ten acre, will have three fabrication facilities and one for anodizing. The unit will take an investment of about Rs 1012 crore including Rs six crore for land and the remaining for machinery, said Tarun Sandeep, Managing Director, UWIC Windows and Doors.
The company also announced a collaboration with Japanese aluminum system window brand YKK. Under this tie-up, UWIC will get the technology and profiles from YKK through the latter’s Bhoruka Extrusions. UWIC will fabricate them and market them in Telangana.
Announcing this at a press conference here Thursday, Sandeep said the price starts at Rs 450 per sqft and goes up to Rs 3,000, varying with specifications.
The company already has a fabrication unit at IDA Bolarum with a capacity to make 3 lakh sqft. ”The demand for aluminum profiles is on the rise. Some are also shifting form upvc, which is an amalgamation of chemicals,” he said.
UWIC said its turnover this year is likely to be around Rs 15 crore. It has orders worth Rs 36 crore, to be executed in about two years. These include high rises, commercial ventures, villas, hotels and resorts across Hyderabad, Bengaluru and Chennai markets.
The company will create employment to about 500-700 people directly and indirectly, he said.
UWIC executive director Chaitanya Boyapati and YKK/Bhoruka Extrusions director Rajath Aggarwal were also present.