WCA January 2016

Industry news

£2m investment in plant in Haryana, India

production capacity in order to achieve the desired growth.” CMI manufactures a wide variety of speciality cables for infrastructure, railways, and oil and refinery industries. CMI Ltd – India Website : www.cmilimited.in

Mr Amit Jain, managing director, CMI, said: “This is a new phase in the history of CMI. We are very bullish on the sector and are targeting a CAGR of 40 per cent going forward for the next three to five years. “The acquisition is a step in that direction and will help CMI enhance its

CMI Limited, a BSE-listed speciality cable manufacturing company, has acquired the fully developed manu- facturing facility of Danish company FL Smidth at Bawal, Haryana, India. Spread over 11,235 square yards with built up area of 67,000ft 2 , the facility is located in the industrial area of IMT, Bawal, and has all the necessary clearances and facilities for industrial production. CMI Ltd is investing INR 200 million on the acquisition and setting up of the facility at Bawal. This investment is expected to significantly augment the production capacity of the company, which intends to start production in the new facility within this financial year. Commenting on the developments, Furthering its reach Clifford Welding Systems (CWS) has appointed new representative offices for the Middle East, Southeast Asia and American markets. Michael Webber, sales manager at Clifford Welding Systems, said: “We are excited to announce these appointments as they afford us the ability to offer local contact and support to our existing and new customers in the regions. We look forward to introducing many new customers to the CWS family.” Industrial Trade Solutions (ITS) will represent CWS in the rapidly expanding Middle East and North African countries. Scott Liebenberg, owner of AWT Machinery Inc, of Rockford, Illinois, will represent CWS in the North America and South American regions, where AWT Machinery will provide machinery sales, technical support, and spare parts to ensure local support to Clifford Welding Systems customers. Jeremy Tan, head of Excelco Equipment Pte Ltd in Singapore, will represent CWS in the Southeast Asia region. Clifford Welding Systems – South Africa Website : www.cliffeng.com

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Wire & Cable ASIA – January/February 2016