WCA March 2011

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Industrynews
Wire & Cable ASIA – March/April 2011 23
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.
“Furthermore, by leveraging 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.
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
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.
Prysmian – Italy
Email:
Website:
Prysmian targets the Indian market