In the US, almost every American house has a garage. Therefore, the market for residential overhead garage doors is enormous in this continent. Together with an increasing demand for overhead doors from the industrial building sector, the American door spring market is about four times larger than in Europe. This is an opportunity that Alcomex will make good use of. Alcomex India will supply doorsprings in the US.
The manufacture of door springs is an important expertise that the Alcomex Group holds. Alcomex is manufacturing both standardized and customized torsion and tension door springs. The custom-made door springs are manufactured in the Dutch city of Opmeer and Marki, Poland.
Since 2008 Alcomex has manufactured standardized door springs in Pune, India, where the Indian subsidiary owns a 10,000 square meter industrial site. Most of the produced volume is exported to Europe. The Indian factory has experienced constant growth since the start and annually, producing approximately one third of our global volume of door springs. The facility employs about 90 highly skilled workers who work in two-shift.
Alcomex has made a major investment in India to expand the manufacturing and warehouse in order to take advantage of the potential in the US market. In the second quarter of 2023, a new production line will be taken into use. There will be new coiling and shaping & assembly machines as well as lines for painting, powder coating, printing and waxing to mention a few of the new machinery and equipment. At the end of the year, a new-built warehouse of 2,500 square meters is also ready to stock the door springs before shipping. The expansion will of course bring many new job opportunities.
The size of the investment in India is about 1.9 MEUR and will more than double our capacity, opening the way for a successful entry in the North American market.
