J-Power Systems Corp. and its Indian partner Finolex Cables Ltd. have entered into a partnership to form a joint venture plant in India to manufacture high voltage power cables. The agreement was reached on December 13 by Kiyoshi Shimojima, president, J-Power Systems and D.K. Chhabria, managing director, Finolex Cables.
With this agreement, Finolex J-Power Systems will manufacture and sell high voltage power cables, with paid-in capital of 80 million rupees. The company is expected to start the production in early 2010 with sales approximated at 13 billion yen in 2012.
As the demand for power increases all over the world, India is expected as one of the world’s fastest growing markets for high voltage power cables. With the improving infrastructure and a well known company like Finolex Cables, J-Power thinks this is the ideal time to enter into such a partnership. The new company will be provisionally called “Finolex J-Power Systems Private Limited,” of which J-Power Systems and Finolex own 51% and 49% respectively.
The new company will be required to produce high voltage XLPE (cross-linked polyethylene) insulated power cables. Hence, the company will be equipped with state-of-art production facility such as VCV (vertical continuous vulcanizer). The new setup will have to take extra precautions, as such cables are installed in the trunk lines of high voltage power transmission grids in the urban area.
Raju Shanbhag is a contributing editor for TMCnet. To see more of his articles, please visit his columnist page.
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