HIGHLAND HEIGHTS, Ky.--(BUSINESS WIRE)--Apr. 27, 2012--
General Cable Corporation (NYSE: BGC), one of the most globally
diversified industrial companies, has completed construction on its
state-of-the-art manufacturing facility in Baddi, Himachal Pradesh,
India. The Honorable Chief Minister of Himachal, Mr. P.K. Dhumal,
inaugurated the plant today with more than 200 high-ranking government
officials and business leaders in attendance. Also in attendance were
Mr. Mathias Sandoval, General Cable President and CEO Rest of World, Mr.
Peter Campbell, General Cable Senior Vice President of Asia and Mr.
Sandeep Sood, General Cable Country Head of India Operations.
Designed and built in compliance with Indian Green Building standards,
the manufacturing facility is situated on 20 acres of land in the
industrial town of Baddi, in the state of Himachal Pradesh. Baddi is one
of the faster growing cities in India and quickly becoming a
manufacturing hub for multinational companies.
“By designing ‘green’ from the ground up, we have seen immediate
benefits in operating costs. These include energy savings of 30% to 40%
and water savings of 20 to 30% when compared to other similar wire and
cable operations. We have created a better-quality work environment for
our associates, which will promote good health and safety practices and
therefore increase productivity. We are off to a great start and are
excited about our future,” said Sandeep Sood, Country Head of India
Operations.
The broad range of products to be developed and manufactured at the
facility include aerial transmission conductors, low, medium and high
voltage power cables, building wire, control, instrumentation and
specialty cables. At current installed capacity, the facility is capable
of generating annual revenues in the range of $100 to $120 million,
complementing the Company’s existing exports into the country.
“The opening of any new facility is a significant achievement, but the
quality of execution at this plant in Baddi has been exceptional. I want
to recognize the support of the state of Himachal Pradesh and our
employees who have helped make this plant a reality as we address the
outstanding opportunities in the growing Indian market,” said Mathias
Sandoval, General Cable President and CEO Rest of the World.
General Cable (NYSE:BGC), a Fortune 500 Company, is a global
leader in the development, design, manufacture, marketing and
distribution of copper, aluminum and fiber optic wire and cable products
for the energy, industrial, specialty, construction and communications
markets. For more information about General Cable products,
please contact your local sales representative or visit our Web site at www.generalcable.com.
Certain statements in this press release, including without
limitation, statements regarding future financial results and
performance, plans and objectives, capital expenditures and the
Company's or management's beliefs, expectations or opinions, are
forward-looking statements. Actual results may differ materially
from those statements as a result of factors, risks and uncertainties
over which the Company has no control. Such factors, risks and
uncertainties are more fully discussed in the Company's Annual Report on
Form 10-K for the fiscal year ending December 31, 2011, filed with the
Securities and Exchange Commission on February 23, 2012 and subsequent
SEC filings. You are cautioned not to place undue reliance on
these forward-looking statements.
Source: General Cable Corporation
For General Cable Corporation
Investor Relations:
Len
Texter, 859-572-8684
Manager
