Finolex enters into joint venture with J-Power

Pune, Dec 13 (UNI) Electrical and Communication Cables major, Finolex Cables Ltd (Finolex) has today entered into a Joint Venture Agreement with J-Power Systems Corporation (JPS) of Japan to offer complete turnkey solutions in Extra High Voltage (EHV) cable systems in India and abroad.

The company press release today stated that the JV will be equipped with state-of-the-art production facility such as VCV (Vertical Continuous Vulcanising) tower to produce high voltage XLPE (Cross Linked Polyethylene) insulated Power Cables. Since such cables are installed in the trunk lines of high voltage power transmission grids in the urban areas, extreme quality and reliability are required.

The JV shall be named ''Finolex J-Power Systems Pvt Ltd.'' The JV is expected to be established in Jan 2008, near Pune, in Maharashtra for manufacture and sale of high voltage power cables upto 500 kV grade. The Joint Venture shall also offer complete services of Turnkey installation and connectorization of the complete circuit along with the supply of Power Cables and Accessories (Jointing Kits).

On this occasion, Finolex Cables Managing Director Deepak Chhabria said, ''This is a significant development for Finolex.

It is a matter of honour that global leaders in EHV cable business have partnered with us. With this Finolex completes its Electric Cables Product range from the lowest voltage grade of 48 Volts in Auto Cable to the highest voltage of 500,000 Volts in Power Cable segment.'' UNI