Milan, 28 August 2007. Prysmian Cables & Systems, a worldwide leading player in the cable industry, has reached an agreement to purchase the business assets of New Zealand cable manufacturer, International Wire & Cable Company Limited (IWC). The closing is expected to occur on September 3rd. This acquisition further strengthens Prysmian’s presence in the Asia Pacific region. In Australia, Prysmian already has a well established presence with 2 manufacturing plants supplying a wide range of power and telecommunications cables as well as accessories for joining and terminating power cables. IWC have been producing power cables, with a particular expertise in aluminium/neutral screened cables, in New Zealand for more than 60 years and employ 65 people with approximate revenues of 20 million euros in 2006. The Prysmian investment will build on IWC’s existing infrastructure in the North and South Island’s of New Zealand and will add to their supply capabilities through the expanded product range and research & development facilities of the global Prysmian Group. The acquisition of IWC’s Auckland operations will allow Prysmian to grow its market in New Zealand, particularly in Power distribution, whilst also exploiting Australian wind farm expertise.
Prysmian A leading player in the industry of high-technology cables and systems for energy and telecommunications, the Prysmian Group is a truly global company with sales exceeding 5 billion euros in 2006 and a strong position in higher-added value market segments. With its two businesses, Energy Cables & Systems (submarine and underground cables for power transmission and distribution, for industrial applications and for the distribution of electricity to residential and commercial buildings) and Telecom Cables & Systems (optical cables and fibres and copper cables for video, data and voice transmission), Prysmian boasts a global presence with subsidiaries in 34 countries, 54 plants in 20 countries, 7 Research & Development Centres in Europe, USA and South America, and over 12,000 employees. Specialising in the development of products and systems designed to meet clients’ specific requirements, Prysmian’s key strengths include: a focus on Research & Development, the capacity to innovate products and production processes, and the use of advanced proprietary technologies. Prysmian is listed on the Milan Stock Exchange Blue Chip index.
Dear Sir,
We are pleased to introduce ourselves as a manufacturer of Aluminium products as per customer Build Size and specification form last Four and a half decades and two generations of dedicated service by one family have seen the phenomenal transformation of a modest into the Pankaj Group of Companies, one of the biggest Indian business houses dealing in Aluminium and other non-ferrous metals.
With a sales turnover exceeding US $ 40 Million already and currently operating its plant with an annual capacity of 42,000 MT, Hiren Aluminium Limited is catering to all steel plants in India as well as many overseas steel plants.
The company is a DIN EN ISO 9001:2000 company. The ISO Certificate is issued by internationally renowned certification body TUV Industries Service GmbH, TUV Rheinland Group, Cologne, Germany.
The Pankaj Group of Companies is so powerfully entrenched in the Aluminium trade that it can, without exaggeration, claim the pre-eminent position in India’s light metal markets, in every possible way. Be it volume of trade, extensive marketing network, excellence of service, customer satisfaction or that intangible effect that a corporate has in its area of specialization. The market reach that the Pankaj Group of Companies enjoy can be gauged from the fact that the list of suppliers and clients reads like a veritable ‘Who is Who’ of Aluminium-oriented corporate in India.
An almost visionary understanding of the vast potential of the low priced Aluminium saw the company emerging as a new and potent force in the developing light metals market. By contributing greatly to public awareness of the convenience of light metals, at a time when steel was the monarch, the group created history which owes its origin to and runs parallel to successful conglomerates like Hindalco Industries Ltd.
The group started manufacturing the complete range of Aluminium circles, slugs, billets, re-melted ingots, notch bars and extrusions of Aluminium & Aluminium alloys. New plants were also set up in the Union Territory of Dadra & Nagar Haveli in Western India to manufacture Aluminium conductors as per ACSR, AAAC, AAC, AACSR, Ingots & Alloy wire rods. An ambitious expansion programmed has been launched to increase installed capacity, especially with regard to the production of extrusions, circles & wire rods, using the state-of-art equipment and technology, comparable to the most modern European plants.
The group, slowly but surely widened its horizons. New goals were sought and achieved. Finally, there has come a time when the entire Western region of India accounting for nearly 40% of the country’s Aluminium consumption is being almost monopolistically serviced by the Pankaj Group of Companies.
Completely yet professionally managed, the group services a wide range of both national and international trade generating unprecedented volumes of business. The vast network of business establishments that the group owns all over India make it one of the most influential players in the light metal markets in the country. From the beginning, the group has always had the foresight to incorporate emerging technologies into its businesses. Investing recurrently in state-of-the-art machinery and latest & sophisticated know-how, the group has maintained international standards from pre-globalization days in India. It is, therefore, no great surprise that global players in Aluminium have sought out the Pankaj Group to represent their interests in India. Some of the best and biggest smelters represented at the London Metal Exchange (LME) prefer to deal with the Pankaj Group of Companies as they rightly see this group as a one-stop solution to all their requirements in India.
The Pankaj Group of Companies has extensive plans for expansion as well as for consolidating its market base further. Warehousing for international players is one area of operation that has been planned for this new millennium. Plans are in their final stages of implementation to also increase manufacturing with a proportionate growth in external trade. Imports and exports of both raw stock and finished goods is a major area of concentration for the group. Financially sound, the group is also on a mission to increase its presence word wide in the future. The group looks forward to these tasks as it believes that the road to growth lies in challenges. The Pankaj Group of Companies is after all the heavy weight of the light metal industry in India.
Please let us forward us your enquiry along with specification. We are also please to invite you to visit our works to build up the business relation with confidence.
Thanking you,
Yours faithfully,
Kausal Agarwal (Marketing)
Hiren Aluminium Limited
F 5 civil town ship
Rourkela Orissa
India
Mobile: 9437047013
fax 91-661-2523225