| Architectural Coatings | Pre-treatment and powder coating of aluminum extrusions for facades, windows, and doors. | Specialized expertise, established client relationships, and quality control from in-house powder coating. | B2B clients including construction companies, architects, and real estate developers. | Customized high-performance coatings like PVDF and wood finish variants. | 4 | 67 | Service contracts and coating projects in architectural and real estate sectors. | Project-based direct sales and service agreements. | Demand for durable and aesthetic building materials, adoption of advanced coating technologies. | |
| Industrial Coatings & Powder Manufacturing | Powder manufacturing and coating services for automotive parts, electrical enclosures, machinery. | Vertical integration of powder manufacturing with coating services, improving quality and margins. | B2B industrial manufacturers and infrastructure sectors. | Proprietary powder formulations and integrated supply. | 2 | 33 | Sales of powder coatings and service fees for industrial surface treatment. | Direct sales and service contracts, potential for recurring supply agreements. | In-house powder production reduces lead times and enables customized solutions boosting demand. | |
