WCA September 2018

Industry news

Compound acquisitions for Japan’s MCC JAPANESE materials supplier Mitsubishi Chemical Corp (MCC) has announced plans to buy the Indonesian PVC compound producer PT ABC Plastindo. The acquisition will be completed shortly. Plastindo supplies products for various applications including automotive components, electronic cables and electrical appliances. MCC has thermoplastic elastomer and PVC compound production sites in Thailand, operating its business mainly for automotive application. With the acquisition of Plastindo, MCC expects to accelerate its business expansion into the automotive and electronic cable segments in the growing ASEAN region. In late June the company announced its acquisition of the Mumbai-based PVC compounder Welset Plast Extrusions Pvt Ltd, aimed at increasing MCC’s footprint in the ASEAN medical market. MCC has stepped up its mergers and acquisitions activities in the performance polymer sector in recent months. Mitsubishi Chemical Corp – Japan

Website : www.m-chemical.co.jp PT ABC Plastindo – Indonesia Website : www.abcplastindo.com $40m deal for EHV cables in India LS Cable & System has won a contract worth $40 million to supply extra-high voltage cables in eastern India. The company said the contract with Andhra Pradesh Power Generation Corporation is the largest project ever won by the company’s local subsidiary, LS Cable and System India. The deal is said to account for roughly 20 per cent of the annual Indian market for extra-high voltage cables, which is estimated at $200 million. LS Cable plans to penetrate deeper into India, the world’s third-largest energy user, where there is growing demand to renovate outdated power have accounted for more than 95 per cent of the vast market for extra-high voltage cables on the back of their price competitiveness,” commented an official from LS Cable. LS Cable first built a production facility for communication cables in 2008, and added a voltage cable line in 2012. LS Cable & System – South Korea Website: www.lscns.com Andhra Pradesh Power Generation Company – India Website : www.apgenco.gov.in infrastructure. “India-based companies

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Wire & Cable ASIA – September/October 2018