Spread over an area of around 40 acres this joint venture for copper rod manu-facturing unit will invite a total investment of nearly USD 25 million.
August 11, 2016
For copper rod production a joint venture in Gujurat was announced by Trafigura Group Pte Ltd and Polycab Wires. Located on a 40 acres land at Halol, this proposed manufacturing facility will have a capacity of 2,40,000 tonne per year. Expected to be operational by the end of 2017, it will be an energy efficient unit consuming nearly 30 percent less power and lower carbon emissions as compared to other facilities in the country. In addition, this market in India is estimated at 3 billion and is expected to grow 12 percent yearly.
This project would be the first base metal manufacturing investment for Trafigura which will address the domestic supply-demand gap in copper wire rod market extensively covering the industries such as power, telecom, construction, and transport. Also, with the construction of this technologically advanced manufacturing unit, Polycab wires will strengthen their name in producing energy-efficient products.
