Khaleej Times reported that Eurocon Building Industries has signed a deal worth USD 200 million with Corus Aluminum for the distribution of Alubond aluminum composite panels in Western Europe.

Under the deal, Corus Aluminum will purchase the Eurocon Alubond products worth up to USD 800 million during the next 3 years besides setting up a new production facility in Europe. Under the deal, Corus will stock and distribute Alubond in Italy, France, Germany, Suisse, Spain, Belgium, Greece, Luxembourg, Holland and United Kingdom through its network of stock centers and distribution channels.

The deal will also help Eurocent Industries to double its production capacity and become the world's largest aluminum composite panel manufacturer.

Mr Shaji Ul Mulk chairman of Eurocon Group said that the deal gives us an opportunity to penetrate in the West European market. He added that "Alubond has already emerged as the top brand in East Europe and now we are very optimistic of reaching a similar position in West Europe as well."

Mr Mulk said that “This association with Corus Group has encouraged us to double our production capacity in UAE and set up a new production facility in Europe. Alubond's production facility in Belgrade is at an advanced stage and expected to commence production in a few months. Alubond will also be launching an exclusive line of products for European market called Alubond lite in 3mm thickness for usage in the signage and corporate identity market."

Mr Mulk said that ABTI and Eurocon is at an advanced stage of expansion in their new 400,000 square feet manufacturing and office facility located in Sharjah Hamriyah Free Zone which is due for completion in March 2008. He added that "This facility will include increasing the factory production capacity in UAE to more than 3 million square meters. The company is also in discussions with Dupont for manufacturing fire rated mineral core at the UAE facility."