General Cable sells its India business
In agreement with the disclosure of its 3rd quarterly report, General Cable has now also announced that its subsidiary, General Cable Pvt. Ltd. in India, has been sold to CMI Ltd. from Delhi.
CMI, one of the most important cable manufacturers in India, had a turnover of approx. Crore 138 (EUR 94 m) in the 2014-2015 business year, which means an increase of just under 30% compared to the same period last year.