Aludecor, a quickly popularising metal composite panel brand from India, honoured the country's Corporate Signage Industry heads in a current industrial event held at the City Luxury Hotel in Delhi. Aludecor has been serving the Indian sub-continent with aluminium composite panels (ACP) for the past twenty years with a signage market size valued at INR 1,200 crores and a premium clientele base consisting of names like HPCL, BPCL, IOCL, Reliance Jio BP, Maruti Nexa, Kia Motors and many more.
This is the first initiative by any firm to recognise the contributions of the corporate signage categories creating a benchmark in the area. Aludecor's ACP-making segment has grown exponentially in the past three years, recording a CAGR of 30 per cent. With the advent of new metro stations, airports and subways, the requirement for Retail Signage would grow even more.
Aludecor wishes to broaden its corporate and retail signage footprint in the next few years. Mr Ashok Kumar Bhaiya, the Chairman & Managing Director of Aludecor, seconds the thought in a statement that he made during the event: "We have planned to invest INR 110 Cr. to enhance our manufacturing capacities to meet the market demand. As a responsible brand, we are on a conscious mission of bringing Green & Sustainable Products."
Recent years may have seen a rise in digital Signage, but retailers still need to use physical signage spaces to grow their business while drawing ample visual attention. Therefore the demand for green and sustainable components like aluminium composite panels will undoubtedly escalate.
The Vice President of Aludecor, Mr Praveen Mahajan, quoted: "Signage is amongst the fastest growing segment in overall ACP's application. Aludecor has created its mark being one of the most preferred for Corporate & Retail Signage. We have taken an ambitious target to generate INR 300 crores business annually from the signage segment in the next three years."
Invited signage partners were very much motivated by the invitation, which was the first of its kind in the industry. Big players in the signage sector were acknowledged and awarded for their contribution to the country's growth. Other than honouring them, a privilege programme was initiated called 'Club Signex'.
Aludecor metal composite panels are mostly preferred by façade makers, space designers and architects, along with other important patrons of the industry. With its ACP manufacturing industry at the helm, the company's metal composite portfolio is comprised of a 500+ rigid retail network.
Aludecor has branches around 250 cities and 37500 sq mt manufacturing units scattered all over Haridwar, aiding the company in creating new benchmarks every day.
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