WCA March 2011

Industry news

Prysmian targets the Indian market

country’s dynamic economy and the need to rapidly develop the power grids. The group is considering starting local production of high voltage cables at Ravin Cables’ facility in Pune, bringing to India technologies that currently are scarcely available.

In particular, Ravin Cables will supply some 52km of 220kV high voltage cables, including joints and terminations, in Mumbai. The cables will be manufactured at Prysmian’s most advanced plant, capable of producing cables of up to 500kV. The Indian high voltage cables and systems market is expected to grow strongly, doubling in size over the next three years, thanks to the

Prysmian is hoping that Ravin Cables Ltd, its Indian JV subsidiary, will become one of the top three cable systems suppliers in India. Outlining its future plans, Prysmian is targeting 10 per cent of the Indian market and investing long-term in resources, training, technologies and manufacturing facilities. “Our commitment is to establish a credible and sustainable full range cables supplier in the Indian market, targeting a 10 per cent market share,” said Fabio Romeo, the Prysmian Group’s chief commercial officer, at a meeting with Indian journalists in Mumbai. on Prysmian’s state-of-the-art technology, expertise and capabilities, we believe Ravin Cables can become one of the top three cable systems suppliers in India. “To deliver these ambitious objectives, we are committed to implementing a long-term investment programme involving resources, training, technologies and manufacturing facilities. “Our initial plan is to invest in a new high voltage cable manufacturing unit of up to 220kV as well as to improve Ravin’s product offer in the industrial cables market in sectors that include automotive, mining, OGP and renewable energies,” he added. As part of its worldwide expansion strategy in high growth countries and in the high-tech cables and systems sector, Prysmian acquired a 51 per cent stake in Ravin Cables early in 2010, thus entering into a joint venture agreement with the Karia family that now controls 49 per cent of the company. Ravin Cables’ board of directors appointed Luigi Sarogni as chief executive officer and Vijay Karia as chairman and managing director. “Thanks to the integration with Prysmian, we will be able to bring to India state-of-the-art cable tech- nologies that were scarcely available before,” said Vijay Karia. The integration has started yielding its first business results. Reliance Infrastructure has awarded Ravin Cables contracts for developing 220kV systems for various sites. For the first time, cables and network accessories produced by Prysmian will be provided to the Indian market. “Furthermore, by leveraging

Prysmian – Italy Email : info@prysmian.com Website : www.prysmian.com

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Wire & Cable ASIA – March/April 2011