Euro Panel Products Expands Presence in Middle East with Qatar Unit

Euro Panel Products Ltd, the parent company behind EUROBOND - one of the leading Aluminium Composite Panel Brands in India, has announced a strategic expansion in the middle-east, incorporating a wholly-owned subsidiary company, Euro Panel Products Trading, in Qatar. This development further bolsters Euro Panel Products Ltd’s international footprint, positioning the firm for long-term growth.

In an exchange filing, Euro Panel Products Ltd announced a capital of QAR 1,00,000 for Euro Panel Products Trading. With the incorporation of the new subsidiary, Euro Panel Products has now exported to 20 countries, including the USA, Bhutan, Brazil, Cameroon, Dubai, Egypt, Guatemala, Kenya, Nepal, Oman, Qatar, Sri Lanka, Turkey, Uganda, Bahrain, and Montenegro. As one of the world’s emerging markets, projections suggest the expansion to Qatar will act as a catalyst of making Euro Panel Products Ltd’s cutting-edge ACP sheets the benchmark for construction projects in the country, and pave the way for future expansion in the region.

Speaking on the development, Mr. Rajesh Shah, Managing Director of Euro Panel Products Limited, explained the vision behind the strategic move, saying, “Our vision is to align closely with the market sentiments, and with the state of Qatar’s focus on constructing the next generation buildings, it represents a unique, mutually beneficial aspect for both us and the market. The country is increasingly prioritising the creation of some of the world’s most aesthetic, and future-proof constructions and with Euro Panel Products Ltd’s state-of-the-art products, it essentially becomes more streamlined than ever. This also represents yet another milestone for us, and we are excited to begin operating in a country that rewards innovation and excellence.”

Euro Panel Products Ltd has also availed civil defence approvals in Qatar, Bahrain and the United Arab Emirates. This highlights the efforts and investment put forth by the firm in testing certifications to ensure compliance in the gulf region. The newly incorporated subsidiary company will also generate several employment opportunities for local talents, essentially boosting the local economy.

This strategic expansion to Qatar positions Euro Panel Products Ltd at a unique spot for business growth around the MENA region. With development work being prioritised across the Middle East, it will provide the necessary boost for the company going forward, bringing the Make in India initiative alive in a strategic market. The firm’s tactical business optimisation in 2024, like backward integration of a cutting-edge, India’s most advanced continuous “3Coat 2Bake” coating line, is also expected to be a critical factor here, essentially positioning Euro Panel Products Ltd as the pioneer of facades in the Middle East via its newly incorporated subsidiary.

The development follows another milestone of the company, as Euro Panel Products Ltd recently became the first Indian ACP company to be listed on the mainboard of both NSE and BSE. The company also revealed significantly strong Q1 2025 earnings, with a registered PAT of INR 5.72 Crore, an 81% growth compared to Q1 2024. Euro Panel Products Ltd also registered an increase of 4.59% in total sales in Q1 2025, compared with Q1 2024.