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Finolex Cables has entered into a joint venture agreement with J-Power Systems Corporation (JPS)
Of Japan, a joint venture between Hitachi Cable and Sumitomo Electric Industries, to offer complete turnkey solutions in Extra High Voltage (EHV) cable systems in India and abroad. The JV will be called as Finolex J-Power System Pvt Ltd and is expected to be established in January 2008. Offering complete service of turnkey installation and connectorisation of the complete circuit along with the supply of power cable and accessories (jointing kits), the JV will be equipped with state-of-the art production facility such as VCV (Vertical Continuous Vulcanising) tower to produce high voltage XPLE (Cross Linked Polyethylene ) insulated Power Cables.
Speaking on the occasion, Deepak Chhabria, managing director of Finolex Cables said, "This is a significant development for Finolex. It is a matter of honour that global leaders in EHV cable business have partnered with us.
With this Finolex completes its Electric Cables Products range from the lowest voltage grade of 48 Volts in Auto cable to the highest voltage of 500.000 Volts in power Cable segment. Finolex is the only company in India with this unique distinction."
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| Posted : 2/27/2008 |
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