Sierra Cables PLC, a public listed company in Sri Lanka has reached an agreement to establish a production facility in Fiji.
Sierra Cables has entered into a joint venture with Vinod Patel & Company, RC Manubhai & Company and Progressive Investments Limited and would establish an electricity cable production facility in Fiji.
As agreed upon, 30% ownership of the project would be with Sierra Cables. The investments for the project is USD 4 million.