Aparna Enterprises announced a joint venture with Craft Holding to manufacture aluminum exterior solutions for residential and infrastructure segments. They will be marketed under the brand name Aparna-Craft Exteriors.
While the former is a Hyderabad-based construction and building materials player, the latter is a Hong Kong-based construction solutions provider.
According to Ashwin Reddy, Managing Director, Aparna Enterprises, Craft will give designing and engineering expertise for making aluminum exterior solutions. For this, a new manufacturing facility has been set up at Bachupally, spanning 50,000 sqft and having a production capacity to make six lakh sqft per annum.
He added that the initial investment in this is Rs 30 crore, with 74 per cent coming from Aparna and the remaining from Craft. It will increase the investments in the same ratio.
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