Belden, a US based player of global repute engaged in the manufacturing of industrial cable and building automation segment, will commence its second phase of expansion at the Chakan plant near Pune involving an additional investment worth ₹110 crore as the company has already invested about ₹140 crore in the first phase that was completed recently. As a matter of fact, the company is investing a total of ₹250 crore at Chakan, where it is setting up its first manufacturing plant in the country. This phase of investments will be completed by 2019, and by then this plant is expected to have a total output of about ₹150 crore. After the second phase of investment revenues likely to be to tune of ₹450-500 crore, said managing director, Asia Pacific Belden, Ashish Chand. At the unit, the company will manufacture all its products such as cables for industrial and building automation, Ethernet switches, optical fibre, copper connectivity and broadband products among others.
