What Dincel does

Dincel Construction System Pty Ltd is an Australian privately held manufacturer of Permanent Polymer Formwork (PPF) systems for the construction industry. The company's core product is a PVC shell panel that is filled on-site with conventional or Self Compacting Concrete (SCC) to create a structural wall, eliminating the need for traditional timber formwork stripping. The product line comprises four profiles (110mm, 155mm, 200mm, 275mm) covering applications from standard residential walls through to maximum-load civil construction, basements, and earth-retaining structures. The 275mm profile features unique ring webbing for enhanced structural performance verified by the University of Technology Sydney to AS3600-2018 Appendix B.

Dincel's commercial offering extends beyond hardware into managed services through the industry-first 50-year Waterproof Warranty and Australia's first Void Free Warranty, both requiring Dincel Academy-trained installers and site-specific supervision. The business operates through a sales-led go-to-market combining dedicated Account Managers, an online shop at shop.dincel.com.au, CPD-certified training presentations to architects, builders, and engineers, and an approved installer network. Manufacturing is conducted across three Australian facilities in Erskine Park (NSW headquarters), Dandenong South (Victoria), and Yatala (Queensland), serving customers in residential, multi-residential, commercial, education, healthcare, aged care, and civil construction segments throughout Australia.

The company was founded and remains controlled by Burak Dincel and operates as a Pty Ltd private company with no disclosed external investment or parent company. Revenue is generated through quote-based panel sales, per-m2 warranty pricing, and free installation training that functions as a customer-acquisition channel feeding warranty-mandated installer certification.

Name

Dincel

Legal name

Dincel Construction System Pty Ltd

Website

https://dincel.com.au

Company type

Private

Founded year

1989

Operating status

Operating

Headcount range

101–250 employees

Short description

Dincel is an Australian privately held manufacturer of PVC permanent polymer formwork systems for the construction industry, producing patented snap-lock panels in four profiles that are filled with concrete to form structural walls, complemented by 50-year waterproof and void-free warranty services and an accredited installer training academy across NSW, Victoria, and Queensland.

Ownership category

akta.pro rank

Product category

Structural Building Materials — Permanent Polymer Formwork

NAICS

Plastics Product Manufacturing (3261)

SIC

Plastics Products, Nec (3089), Miscellaneous Plastics Products (3080)

akta.pro primary industry

Structural Insulated Panels (SIP) & Foam-Core Composite Panel Manufacturing (IMANAIAK)

Keywords

• Structural walling systems
• Permanent formwork solutions
• PVC construction panels
• Concrete wall formwork
• Building construction materials

Headquarters

HQ city

Sydney

HQ country

Australia

HQ region

Oceania

Offices3 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Marketing or Sales, Technology or R&D

Revenue model

1. PVC Formwork Panel Sales: Sale of PVC structural walling panels in various profiles (110mm, 155mm, 200mm, 275mm) and associated accessories through online shop and direct sales
2. Waterproof Warranty Services: Site-specific waterproof warranty offered in 10-year increments up to 50 years, including installation supervision and re-injection capability. Price calculated per m2 based on site conditions.
3. Void Free Warranty: Void free warranty included by default with waterproof warranty, covering product and installation quality
4. Training Academy: Free installation workshops available in NSW, VIC, and QLD lasting approximately 3 hours, training installers on proper Dincel system installation

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels6 records

Core offering

Dincel manufactures and sells Permanent Polymer Formwork (PPF) panels — extruded PVC shells that remain in place and are filled with conventional or Self-Compacting Concrete to form structural walls. The company offers four panel profiles (110mm, 155mm, 200mm, and 275mm) plus complementary accessories, an up to 50-year Waterproof Warranty, and Australia's first Void Free Warranty for use in residential, commercial, industrial, and civil construction.

Product overview

Dincel offers a permanent polymer formwork (PPF) system consisting of PVC shell panels that are filled with conventional or Self Compacting Concrete (SCC). The product line includes four profile sizes (110, 155, 200, and 275mm) serving different structural requirements from standard residential walls to maximum load capacity civil applications. The core 275mm profile features unique ring webbing and is particularly suited for basements, earth-retaining walls, and heavy-duty construction. Beyond the structural walling products, Dincel provides complementary warranty programs (Waterproof Warranty up to 50 years and Void Free Warranty), the Dincel Academy training program, and specialized accessories including the 275 Column Kit, 200P Twin Hole, 200P-5 Corner Profile, and Vertical Reo Clip. The system eliminates the need for traditional formwork stripping and provides built-in waterproofing through the PVC encapsulation of the concrete core.

Differentiator

Problem solved

Functional benefit

Brands

• Dincel Academy: Free training workshops available in NSW, VIC, and QLD for installation and product education

Products and services

• Dincel 110 Profile Standard wall solution PVC permanent formwork profile (110mm) designed as replacement for brick and 140mm block walls. Lightweight panels filled with concrete for residential and standard structural applications.
• Dincel 155 Profile Enhanced structural PVC formwork profile (155mm) serving as replacement for 140 block, 190 block, and 150 precast/tilt-up walls with enhanced load-bearing capacity.
• Dincel 200 Profile Heavy-duty PVC formwork profile (200mm) replacing 190 block, 200 in-situ concrete walls and 200 precast/tilt-up, suited for commercial and industrial construction.
• Dincel 275 Profile Maximum load capacity PVC formwork profile (275mm) for earth-retaining walls, basements, and civil construction; replacement for 290mm block and 300 in-situ concrete walls, featuring unique ring webbing for enhanced structural performance.
• Waterproof Warranty Up to 50-year zero leakage warranty system covering product and installation, issued in 10-year increments for basements and below-ground structures; site-specific with installation supervision and re-injection capability for leak rectification.
• Void Free Warranty Australia's first void-free warranty offered when Dincel walls are paired with Self-Compacting Concrete, ensuring complete concrete fill without air voids and requiring full installation supervision.
• Dincel 275 Column Kit Pre-engineered column construction kit using the 275 profile enabling two workers to construct 10-15 columns per day, significantly faster than conventional column building methods.
• Dincel 200P Twin Hole Enhanced 200mm PVC formwork profile with twin holes for accommodating double horizontal bars where required.
• 200P-5 Corner Profile Corner profile solution for the 200P system, providing clean corners for construction projects.

Quantifiable outcome

• Up to 50% construction time reduction
• +3 more outcomes

Named customers16 records

Segments11 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Three partnerships are on record, tiered minor and core.

• Tricon GroupminorStrategic or Co-development Partner · 1 March 2023Tricon Group's Addison Rd Marrickville project was the first to use Dincel's revolutionary Waterproof System Warranty launched in 2023, with HD Projects championing the system.
• Permanent Formwork Industry Council (PFIC)coreStrategic or Co-development Partner · 1 May 2022Dincel is a proud member and co-founder of PFIC, committed to initiatives that improve and regulate the quality of product and installation and help permanent formwork grow as a recognised innovative construction system.
• Industry Leading Recycling Companies (NSW & Victoria)minorOthers · 1 October 2021Dincel partnered with industry leading recycling companies in NSW and Victoria to help end-users save on costs and the environment by recycling Dincel off-cuts. This supports their sustainability commitment.

Scale indicators4 records

Recent moves6 records

Expansion highlights6 records

Emerging players

• Quad-Lock Building Systems: ICF manufacturer serving residential and light commercial markets globally. Comparable to Dincel in delivering permanent formwork walls with integrated insulation and structural capacity, though with an EPS-based rather than PVC-based approach.
• Reward Wall Systems: Manufacturer of ICF wall systems with operations in North America and select international markets. Comparable to Dincel as a permanent formwork alternative for below-grade and above-grade concrete walls, focused on energy-efficient construction.

Broad incumbents

• Nudura: One of the largest global Insulated Concrete Formwork (ICF) manufacturers serving residential and commercial construction. Competes with Dincel in permanent formwork walling for mid-rise and residential projects, with a broader product portfolio and international footprint.
• Boral Limited: One of Australia's largest building materials and construction products companies, including concrete, masonry, and cementitious products. Competes broadly with Dincel across Australian construction, with precast and concrete wall systems overlapping Dincel's structural walling applications.
• Adbri Masonry: Australian concrete masonry and brick manufacturer producing blocks, pavers, and retaining wall systems. Competes with Dincel's structural walling products where conventional concrete block and brick wall solutions are specified.
• BuildBlock Building Systems: Major North American ICF manufacturer offering expanded polystyrene formwork for walls and foundations. Closely comparable to Dincel as a permanent formwork alternative for concrete construction, with broader geographic reach.
• Fox Blocks: Leading ICF wall system manufacturer across North America. Offers permanent formwork for above- and below-grade walls, directly overlapping Dincel's structural walling and basement waterproofing use cases in permanent formwork construction.
• CSR Limited: Major Australian building products group covering plasterboard, insulation, brick, and lightweight construction systems. Overlaps with Dincel in the Australian structural walling and lightweight construction category, though operating across a much broader portfolio.

Direct peers

• Amvic: Manufacturer of Insulated Concrete Forms (ICF) and other building envelope products with operations in North America and Europe. Comparable to Dincel as a permanent formwork solution for residential, commercial, and civil concrete construction.
• AFS Systems (Redcon): Australian permanent formwork manufacturer offering PVC and fibre cement-based wall systems for residential and commercial construction. Directly competes with Dincel in the same permanent formwork category, targeting Australian builders with structurally-certified walling panels.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Dincel