India: Cable maker CMI Ltd acquires Haryana unit of Danish company FL Smidth

India: Cable maker CMI Ltd acquires Haryana unit of Danish company FL Smidth

Photo By: a454 Image ID: 100351363 (freedigitalphotos.net)

Specialty cable manufacturer CMI Ltd has acquired a fully developed manufacturing facility of Danish company FL Smidth at Bawal, Haryana to cater to the growing demand of its products, the company said in a BSE filing on Wednesday.

CMI plans to invest Rs 20 crore on the acquisition and setting up of the facility at Bawal, which is expected to significantly augment the company’s production capacity, according to the statement. The company intends to start production in the new facility within this financial year.

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