Press release
CMI Limited announces the completion of the Acquisition of General Cables Energy India Pvt. Ltd., Baddi, a fully owned subsidiary of General Cable Corporation (GCC), a Fortune 500 company
CMI Limited, the leading BSE listed specialty cable manufacturing company, today announced the completion of the acquisition of General Cables Energy India Pvt. Ltd. (GCE) a fully owned subsidiary of General Cable Corporation (GCC), a Fortune 500 company. The company with its facility located at Baddi, in Himachal Pradesh, will now become a wholly owned subsidiary of CMI Limited.A total outlay of Rs.150 Crores has been earmarked for the project, which will be financed by a mix of Debt and Equity.
“CMI has also inherited GCC’s international processes and systems for manufacturing specialized cables, through this acquisition. For us it is a win-win situation, wherein we are not buying just the facility but are also getting the best global standards in plant and machinery that goes with it”, says Mr. Amit Jain, Managing Director, CMI Ltd. “With this acquisition of GCE, CMI will exponentially increase its manufacturing capabilities”.
The GCE acquisition is now complete and the facility is likely to be operational by the first quarter of 2016-2017. With this acquisition, CMI is likely to be amongst the leading manufacturers in the country, in the areas in which it operates.
General Cable (NYSE:BGC), an industry leader and innovator for 170 years, is today one of the largest wire and cable manufacturers in the world. GCC is a global leader in the development, design, manufacture, marketing and distribution of copper, aluminium and fibre optic wire and cable products for the energy, industrial, specialty, construction and communications markets.
GCE facilities can manufacture all types of cables that are currently being manufactured by CMI. The new facility has the facilities to manufacture Extra High Voltage Cables, HT Aerial Bunched Cables, HT & LT Cables(EPR/XLPE/PVC),Signalling Cables, Air field Cables, PTFE , Balise Cables, Co-Axial Cables, LSZH/TPU Sheathed Control Cables, Railway Signalling & Power Cables, Indoor Signalling Cables, 0.9 & 1.4mm Conductor Axle, Counter Quad Cables for Railways, Jelly Filled Telecom Cables, Rubber Cables, Thermocouple Cables Individual/ Overall – Shielded/ Braided Instrumentation Cables, Fire Alarm/ Signal/ Control/ Screened Cables, Telecom/ Power Cables with FRLS/LSZH, House Wires, Fire Resistant/ Fire Survival Cables, FR/ FRLS/ LSZH/ HFFR Cables, Automobile Wiring, Welding Cables, Field Bus Cables, PCM Cables, Profibus, PIJF Telecom Cables, Data Cables, Telephone Cables, Submersible Cables, Antitheft Cables, Specialty Cables for SMART Cities, Shipboard Cables, Naval Ship Cables, Braided Cables, Mining Cables, DC Cables, Composite Cables, Underwater Cables, Solar Cables, Overhead Conductors – AAC, AAAC at the new facility at Baddi.
GCE manufacturing facility is spread over an area of 80,000 sq meters. It’s a certified Green Building with all the Modern and state of art manufacturing facilities and machineries to manufacture various types of cables. Plant is designed to reduce waste, pollution, and environmental degradation with an energy efficiency of 20-30% as compared to other plants of similar size.
About CMI Limited:
CMI Limited is a leading specialty cables manufacturing company. CMI Limited is listed on BSE (BSE Code: 517330) and closed the year 2014-15 with revenues of Rs. 137.28 Cr.
CMI Limited, incorporated in 1967, is today a well known and reputed supplier of specialty cables to the who’s who of the industry. The focus in the organization is on latest technologies leading to new product development.
CMI is one of the few approved vendors for Railways, Space & Research, Defense, Telecommunication, Petrochemicals, Refineries, Power, Mining and various other Sectors.
CMI Ltd. has an illustrious list of clients that includes Railways & its subsidiaries like IRCON. RITES, MRVC, Konkan Railways, DLW, DMRC & other metros; Oil & Refinery industries like IOCL, BPCL, BORL, GAIL, MRPL, HPCL, ONGC; Leading Government companies like EIL, ISRO, BHEL, NLC, NTPC, NPC, BSNL / MTNL and HEC; Private Sector EPC companies like L&T, Alstom, Siemens, Hitachi, Linde, Thales, Lurgi, Technip and ABB; Steel plants like Vishakhapatnam Steel Plant, etc. CMI has also exported cables to Sri Lanka, Bangladesh & Iran Railways.
CMI manufactures a wide variety of specialty cables including Railway Quad cables, Signalling cables, Balise cable for
Train protection & warning system, Fire survival cables, LSZH / FRLS sheathed cables, Control & instrumentation cables, Cables with TPU sheath, PTFE cables, Special cables for multi object tracking radar, Fire alarm & communication cables, PIJF telecom cables, EPR/CSP/PCP insulated & sheathed Rubber cables, Linear Heat sensing cables, etc.
Finese PR,
181, (Ground Floor),
Anand Vihar
Pitampura,
New Delhi 110034, India
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