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2024-04-02 00:00:00
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In light of the evolving geopolitical landscape and the anticipation of shifts in regulatory frameworks, HFCL is proactively expanding its manufacturing footprint into Europe. This strategic expansion is driven by the objective to hedge against potential risks while securing more direct access to key markets. Selecting Poland as the venue for its new manufacturing facility underscores HFCL's commitment to tapping into Central Eastern Europe (CEE) for growth and partnership opportunities. Poland emerges as an ideal choice due to its gateway status to other European markets, attractive incentive schemes, cost efficiency, robust logistical networks, and the availability of a technically skilled workforce at competitive labor costs.
This new Polish facility, set to kick off with a production capacity of 3.25 million fiber kilometers (fkm) with the potential to scale up to 7 million fkm, represents a significant investment of up to Rs 144 Crores. It's poised to meet the surging demand for optical fiber cable (OFC) across the region. HFCL's investment in Poland is not just a testament to its strategic foresight but is also a move to bolster operational agility, trim down transit durations, and expand its capacity to fulfill orders more efficiently. The launch of this manufacturing site will be spearheaded by the creation of a new subsidiary under HFCL B.V., HFCL's wholly-owned entity in the Netherlands, cementing its position as a key player in the telecom infrastructure sector and reinforcing its commitment to serving the dynamic needs of the Central Eastern European market and beyond.
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