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FINANCIAL TIMES RANKS LOCAL COMPANY DINCEL - FIRST FOR ECONOMIC GROWTH

Australian walling manufacturer Dincel Construction System has been ranked as the fastest-growing APAC building product supply company as part of the Financial Times' inaugural report for the region: FT1000 High-Growth Companies Asia-Pacific 2018.

The Financial Times analysed the 2013-2016 economic growth performance of 10 million companies across 11 countries - in unlimited industry sectors - including Australia, New Zealand, Hong Kong, India, Taiwan, Japan, Malaysia, Indonesia, Singapore, South Korea, and the Philippines.

It then ranked the top 1000 companies according to revenue percentage growth for report inclusion.

Following 190 per cent revenue growth between 2013 and 2016 financial years, Dincel Construction System ranked:
1st as a building product supply company
7th fastest-growing as a construction-relevant company
231st overall, amongst 10 million companies over 11 countries


Dincel founder and CEO Burak Dincel said his company did not seek inclusion in the report and that no fee is payable for inclusion. "It came about because our business turns over more than $30 million per annum which triggers an Australian Government requirement to be audited by the Australian Securities and Investments Commission (ASIC)," said Mr Dincel. "Because our records are lodged with ASIC, that data is then externally available to parties such as the Financial Times, which requested us to participate.

"We are fully aware of how fast we've grown in the last few years but we weren't sure how Dincel would rank in the report, given that other companies it researched are so numerous and wide-ranging in their markets, specialities and sizes.

"The Financial Times' independent results confirm that we're one of the fastest-growing construction companies in Australia and beyond. There are of course bigger general construction companies but they don't specialise in building product supply -the category we were thrilled to discover we lead in terms of revenue growth across the Asia-Pacific region.

"It's a great feeling to have our uniquely Australian innovations and company success recognised internationally. We have a firm commitment to Australian manufacturing and the Australian building industry. We will continue investing in our business' future and contributing to the Australian economy.

"We're extremely proud of these achievements and we're looking to continue our growth in 2018. We have already expanded our sites, manufacturing facilities and staff, and have some very exciting new developments in the pipeline particularly for gas/oil, agricultural, civil, mining and multi-storey building structures," concluded Mr Dincel.

Dincel is a waterproof permanent polymer formwork which encapsulates concrete infill. The stay-in-place polymer formwork provides an impervious membrane skin that protects the concrete from the exterior environment, hence eliminating concrete cancer. This results in building structures achieving significantly extended building life. Mr Dincel states that this extended life would not be less than 100 years. Other important points about the Dincel polymer is that in the event of a fire; its smoke is non-toxic and there is no limitations for its use - including building facades and the worst bushfire conditions.

Dincel Wall was developed to meet the construction industry's multiple building requirements and overcome the problems that can plague traditional building materials and systems - addressing material cost, speed-of-construction, compliance, defects and building longevity.

For more Dincel Construction System information see dincel.com.au

...ends/


For more information, please contact:

Michelle Burman | Marketing
Tel: 02 9670 1633
Email: michelleb@dincel.com.au



 
IMAGES

Founder and CEO Burak Dincel said the Financial Times' report findings independently confirm Dincel Construction System revenue growth leads the building product supply category in the Asia-Pacific region.
Dincel Construction System has been ranked the fastest-growing APAC building product supply company as part of the Financial Times' FT1000 High-Growth Companies Asia-Pacific 2018 report.
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