Smart building materials company ClearVue Technologies announced its entry into the Middle East and North Africa (MENA) and Indian markets through a Manufacturing and Distribution agreement with Aluminium Technology Auxiliary Industries WLL (Alutec).
Alutec, Qatar’s largest façade engineering company, is a subsidiary of Aria Holding, Clearvue said in an ASX announcement.
This strategic partnership marks ClearVue’s expansion into some of the world’s fastest-growing construction markets, where there is a rapidly increasing demand for sustainable solutions and building integrated photovoltaics.
Suraj Thampi, Alutec’s Chief Executive Officer (CEO), and Martin Deil, ClearVue Technologies’ global CEO, signed the five-year agreement, which enables Alutec to manufacture and distribute ClearVuePV Solar Vision Glass.
This innovative product integrates solar technology into building façades, enhancing energy efficiency and sustainability.
Alutec will also have the rights to distribute ClearVue’s solar building envelope solutions.
Commenting on the agreement, Martin Deil stated, “We are thrilled to announce our entry into the large and growing construction sector in the Middle East and India with Alutec, the largest façade engineering company in the Middle East.”
Deil continued, “This agreement aligns with our growth strategy to partner with key manufacturers in strategic target markets. For the Middle East, Alutec is a prominent and well-respected leader in design, engineering, manufacturing, and installation for building envelopes.”
Deil mentioned that ClearVue is well-positioned to capitalise on the fast-growing markets in the Middle East and India. The combined construction sector in Saudi Arabia, UAE, and Qatar is experiencing significant growth, with a CAGR of 4.75-9.13 per cent and is projected to reach US$240 billion by 2029.
Similarly, the CEO noted that India’s construction sector, valued at US$825.6 billion in 2023, is expanding rapidly.
“ClearVue offers the only high-energy clear solar vision glass on the market easily integrated into window manufacturing lines, helping building owners reduce carbon emissions while improving energy efficiency,” Deil remarked.
Meanwhile, John Douglas, Alutec’s Pre-Construction Director, emphasised the importance of this partnership.
“Our region is preparing for the future. Governments across the Middle East are heavily investing in renewable solutions to meet our growing energy needs. India is also a key focus for our expansion plans.”
He added, “We are currently setting up manufacturing and distribution facilities in India, and we see ClearVue as a key part of those plans as we expand into that region.”
Alutec joins ClearVue’s growing global list of licensed manufacturers and distributors, including AIT Group (Tampa, Florida), Graboyes (Pennsylvania), Tomita Technologies in Japan (greenhouses), MS Glass in Melbourne Australia, HT Glass in Singapore, System USA in California (greenhouses), 8G Solutions (Missouri, Kansas and Arizona), Greendustrial Global in Israel, and the Concept Business Group in South Africa.
The agreement with Alutec (Aluminium Technology Auxiliary Industries WLL) in Qatar is complemented by a forthcoming agreement with Dune Trading LLC, another Aria Holding company, in the United Arab Emirates.
This second agreement is expected to be signed in the coming weeks and will further expand the relationship.
