India's Sterlite opens fiber cable manufacturing in Brazil
Indian telecom and cable manufacturer Sterlite Technologies will reportedly create a joint venture with Brazilian low-voltage copper and aluminum cable supplier Conduspar Condutores Eletricos Ltda to produce fiber-optic cables, according to cablinginstall.com's sister site, Lightwave. The 50/50 venture will set up shop in a greenfield facility in Curitiba within the Brazilian state of Parana.
"We are very excited at the prospect of partnering with the Sterlite group,” comments Andre Abage, CEO and promoter of Conduspar. “With Sterlite's technology and expertise in the telecom cable domain and Conduspar's local presence, we will create a formidable brand in this market."
See: India, Brazil , Indonesia named riskiest countries for new data centers
More: Ericsson shuts down telecom cable manufacturing operations
The two companies hope that commercial fiber cable production will begin in the first quarter of fiscal 2015. Sterlite characterizes Latin America as one of the fastest growing markets for fiber cable, with an annual demand of more than 10 million fiber km.
"Latin America is an important market for us from a growth perspective and we are pleased to have this joint venture with a strong and reputed partner like Conduspar," concludes Pravin Agarwal, whole-time director at Sterlite. "Both companies share a common vision and bring together complementary strengths for this venture."
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Matt Vincent
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Matt Vincent is a B2B technology journalist, editor and content producer with over 15 years of experience, specializing in the full range of media content production and management, as well as SEO and social media engagement best practices, for both Cabling Installation & Maintenance magazine and its website CablingInstall.com. He currently provides trade show, company, executive and field technology trend coverage for the ICT structured cabling, telecommunications networking, data center, IP physical security, and professional AV vertical market segments. Email: [email protected]
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