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 It is a very fulfilling experience to share half a decade of growth in the face of changes and challenges.
The past year has been a culmination of efforts and determination and above all a steely will to maintain leadership in a highly competitive industrial market. The past year has been the milestone which marks fifty years of quality service in the field of delivering superlatives.
Finolex entered the industrial arena with humble beginning of manufacturing automobile cables. Today, Finolex cables is synonymous with quality cables which find application in a variety of fields. Its diverse range of products also includes Compact Fluorescent Lamps (CFL’s) and Electrical Switches. Thanks to the international technological alliances, the quality products of Finolex Cables have incited demands not only in the national markets but also in the export markets, world over.
In December 2007, a new chapter was added. Finolex Cables entered into a Joint Venture with J- Power Systems Corporation of Japan to form “Finolex J-Power Systems Pvt. Ltd” to offer complete turnkey solutions in Extra High Voltage (EHV) cable systems in India and abroad. This manufacturing unit will have the capacity to manufacture High Voltage Cables up to 500 KV.
Finolex Industries Ltd, the other arm of Finolex, has established itself as a major player in PVC Pipes & fittings & PVC Resin market.The state-of-the art PVC manufacturing plant at Ratnagiri, manufactures suspension & emulsion grade PVC. Its own Cryogenic jetty enables import of feedstock for manufacture of PVC as well as for import of LPG.
Our foray into industrialization also made us conscious of the acute need for social development in rural and semi-urban areas.Through its charity trust, HOPE Foundation, Finolex has setup world class schools and colleges. In Pune, the International Institute of Information Technology has been pioneering education in information technology and management. The Finolex Academy of Management and Technology at Ratnagiri provides quality education in engineering for undergraduates. Finolex is also setting up a CBSE school at Ratnagiri. The Foundation Stone for the Mohini Chhabria School has been laid at Settigunta, Tirupati in Andhra Pradesh. In conjunction with the schemes formed by Govt. of Maharashtra ,Finolex has also adopted Industrial Training Institutes at Lonavala and Ratnagiri.
The future has a way of arriving unannounced. Finolex takes pride in being prepared for the future.
P. P. CHHABRIA
Chairman, Finolex Group |
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