The Veka Group has acquired a major stake in NCL Wintech, a subsidiary of India-based NCL Group.
Veka India, which has had operations in the country since 2003, and NCL Wintech will continue to operate independently.
“India’s construction sector will continue to grow over the next years,” said Andreas Hartleif, CEO of the VEKA Group. “uPVC will benefit from that development over-proportionally. With Veka India and the newly established partnership, we have laid the foundation to further diversify and optimize our product- and service-portfolio in order to meet the future market needs in India. We have set ambitious goals for our alliance with NCL: we seek to optimize our product portfolio and set-up a new state-of-the-art facility in Hyderabad in 2018.”
Veka Group is a global market leader in uPVC profile systems for windows and doors. Headquartered in Germany, it has 36 representative offices across three continents with more than 5,500 employees worldwide.