Finolex Cables to exit PVC business soon - Wire & Cable India
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Finolex Cables to exit PVC business soon

30 July, 2011

Faced with cheaper alternatives like asbestos and galvanised sheets, Finolex Cables Ltd, manufacturer of a variety of cables, is exiting the manufacturing of PVC sheets.

The Rs. 2186 crore cable manufacturer has noted in its annual report that its PVC sheets are used for roofing, signage and interiors. In these cost sensitive applications, cheaper substitutes have found favour, leading Finolex Cables to declare that it will soon withdraw from this line of activity. The capacities thus freed at its Urse plant, near Pune, will be used for the value added segment of compounds.

The cable manufacturer has announced it will expand its distribution network particularly in the north-eastern part of the country. This will give it the dual advantage of getting closer to user markets as well as combat the spurious goods market. With a strong distribution channel, the expectation is that the genuine product will reach the customer.

Source: Media Reports

 

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