A.C. Moideen, Minister for Industries, will inaugurate the new machinery at the public sector Traco Cable at Irumpanam, here on Friday.
Innocent, MP; Anoop Jacob, M. Swaraj and V. P. Sajeendran, MLAs, will be present, said Santhosh Koshy Thomas, managing director of Traco Cable, at a press conference here.
He said the new machinery would be deployed in raising production from 4,500 tonnes to 6,000 tonnes. The company expected a total turnover of ₹180 crore during the current financial year against last year’s level of ₹125 crore. The company would utilise about ₹6 crore for the expansion programme. Traco Cable was established in 1964 and has units also at Pinarayi and Thiruvalla.
Mr. Koshy Thomas had earlier said that the company had received ₹5 crore worth of orders from Punjab and that it was a good sign for the company, which was slowly making its presence felt in the market in a big way.
The company’s range of products includes house wiring cables, control cables, and building wires.
