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Sterlite Technologies Ltd to be Amongst World’s Largest Integrated Fiber & Cable Producers - Optical Fiber Capacity Expansion to 12 Million- kms on schedule. To Triple Optical Fiber Cables capacity to 6 Million- kms; integrated operations to be amongst Top 5 globally (BSE: 532374, NSE:STRTECH)
Sterlite Technologies Ltd to be Amongst World’s Largest Integrated Fiber & Cable Producers

 

NewswireToday - /newswire/ - Pune, Maharashtra, India, 2008/04/30 - Optical Fiber Capacity Expansion to 12 Million- kms on schedule. To Triple Optical Fiber Cables capacity to 6 Million- kms; integrated operations to be amongst Top 5 globally (BSE: 532374, NSE:STRTECH).

   
 
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Sterlite Technologies Limited, a leading global provider of Power Transmission Conductors, Optical Fibers and Telecommunication Cables today announced its plans to expand its Fiber Optic Cables facilities to an annual manufacturing capacity of 6 Million-km, from its current capacity of 2 Million-Km. This expansion is in conjunction with the Optical Fiber Expansion from 6 to 12 Million-kms that would position Sterlite amongst the Top 5 global integrated fiber and cable producers.

Project Highlights:
- The expansion milestones of these Fiber Optic Cables facilities have been planned to compliment the Company’s ongoing capacity expansion at its Optical Fiber facilities.
- The consolidated expansion for fiber and cable expansion is estimated to incur a Capital Expenditure of about Rs. 200 Crores (USD 50 Million).
- These facilities would be capable of manufacturing the Company’s existing range of Fiber Optic Cable Products as well as have the intrinsic capability to manufacture cable products as per evolving international telecom standards that are being introduced to cater to high bandwidth applications required by global markets.
- The Optical Fiber expansion is on track to complete by June 2009 and the Cables expansion would be fully in place by March 2009.
- Sterlite is in advanced stages of discussion with leading global manufacturing equipment and raw material suppliers to streamline its efforts towards the expansion project milestones.

Status of other capacity enhancement projects:
- The new Power Transmission Conductors facility at Haridwar is fully operational and Sterlite has combined capacity of 115,000 MT. The Company has undertaken several efficiency improvement projects and machine additions to further enhance the capacity by 40% to 160,000 MT within the current year, which will take Sterlite Technologies to a Top 3 position globally.
- The Company is progressively converting its Copper Telecom Cables facilities to manufacture Structured Data Cables. Sterlite Technologies has recently finished its expansion of Structured Data Cables to 300,000 boxes annually, which puts the Company within the Top 10 global producers of these cables.

Says Dr Anand Agarwal, CEO & Director, “Over the past several business quarters we have achieved tremendous success in key high-demand markets in several geographies and have established a loyal customer base. With the strong outlook by the Telecom & Power sectors in India & the world, we believe that these capacity enhancements would give us the strategic advantage to capitalize on the available opportunities.”

About Sterlite Technologies Limited
Sterlite Technologies Limited (formerly, Sterlite Optical Technologies Ltd) is India’s leading global provider of Optical Fibers, Telecommunication Cables and Power Transmission Conductors. It is India's only fully integrated Optical Fiber producer and one of the largest suppliers of Optical Fibers to overseas markets in China, Europe and South East Asia.

 
 
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Written by / Agency / Source: Sterlite Optical Technologies Ltd

 
 

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Sterlite Technologies Ltd to be Amongst World’s Largest Integrated Fiber & Cable Producers

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Publisher Contact: Keith Dsilva - Sterlite.com 
+91 20 30514000 keith.dsilva[.]sterlite.com
 
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IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Sterlite Optical Technologies Ltd securities in any jurisdiction including any other companies listed or named in this release.

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