CG awarded Frost & Sullivan Strategy, Innovation and Leadership Award
India, Mumbai: Crompton Greaves (Avantha Group) has won prestigious 2014 Frost & Sullivan Southeast Asia Competitive Strategy Innovation & Leadership Award in the HV Power Transmission Market category.
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India, Mumbai: Crompton Greaves (Avantha Group) has won prestigious 2014 Frost & Sullivan Southeast Asia Competitive Strategy Innovation & Leadership Award in the HV Power Transmission Market category.
The Award recognises companies which have exhibited competitive strategy leadership, display excellence in product innovation, and effectively respond to customer requirements in the market. The Southeast Asia and Pacific Region is a key market for CG’s export strategy, reports Moneylife.
CG is the first company in Southeast Asia to design, manufacture and test 500 kV transformers locally. The company’s power transformer facility at Bogor, Indonesia, recently won a $ 29 million order from PT PLN Indonesia to supply extra high voltage transformers for the Indonesian network. The facility designs, manufactures and tests transformers of up to 500 MVA, 550 kV class. $ 15 million was also invested to build a 550 kV extra high voltage test lab in Indonesia.
Laurent Demortier, CG’s CEO and Managing Director commented: “I am proud to know that CG has won the prestigious Frost & Sullivan Award this year. The recognition will further bolster our untiring efforts in providing globally benchmarked solutions to the key markets in Southeast Asia and the Pacific. I thank Frost & Sullivan for selecting us for this honour, and congratulate the entire CG team for their untiring efforts towards achieving excellence.”
Source: Moneylife
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