<p>Nasdaq-listed TE Connectivity –– provider of connectivity solutions –– sees immense opportunities in the Indian Railways tender to acquire 1,000 diesel locomotives, said a senior company executive. <br /><br /></p>.<p>Talking to Deccan Herald, TE President (Industrial Solutions) Terrence Curtin said that Railways, which is the second largest in the world and largest in Asia holds a lot of opportunities for the company, more so when it is looking forward to the 1,000-diesel locomotives deal through public-private-partnership (PPP) mode.<br /><br />“We supply components such as the roof-line assembly, jumper cables and components in signalling. Thus the new deal would mean a lot of business for us,” Curtin added.<br />TE Connectivity's global business is split into three broad segments -automotive ($5.1 billion); broadband connectivity ($3.3 billion); consumer ($1.9 billion) and $3-billion industrial business. In India, the industrial segment is about $100 million strong.<br />Its India revenues were Rs 1,406 crore in fiscal '12, with more than 4,000 employees including 350 engineers, out of its global workforce of 90,000 employees. <br /><br />The company’s global R&D is about $700 million and it has 19 design centres worldwide. The company is also a supplier of equipment to Bangalore metro and with cities having population of more than 20 lakh to have metro rail, Curtin expressed optimism in more such contracts. “In every high-speed locomotive, there are TE components worth close to $90,000,” said Curtin. Under the industrial segment, the company designs and manufactures high voltage components, power & signal connectors, power resistors, communication connectors, high performance relays and more.<br /><br />Announcing the Q1 results of the company in January 2013, TE Connectivity CEO Tom Lynch had said that revenues in their transportation and industrial segments were up low single-digits; the network and consumer segment declined in the quarter. <br /><br />The company earns 32 per cent of its revenues from America, 19 per cent from Asia (excluding China); 17 per cent from China and 32 per cent from EMEA region. In Q1, revenues were up 4 per cent in the Americas, down 2 per cent in Europe, and down 5 per cent in Asia; within Asia, revenues from China were up about 4 per cent.</p>
<p>Nasdaq-listed TE Connectivity –– provider of connectivity solutions –– sees immense opportunities in the Indian Railways tender to acquire 1,000 diesel locomotives, said a senior company executive. <br /><br /></p>.<p>Talking to Deccan Herald, TE President (Industrial Solutions) Terrence Curtin said that Railways, which is the second largest in the world and largest in Asia holds a lot of opportunities for the company, more so when it is looking forward to the 1,000-diesel locomotives deal through public-private-partnership (PPP) mode.<br /><br />“We supply components such as the roof-line assembly, jumper cables and components in signalling. Thus the new deal would mean a lot of business for us,” Curtin added.<br />TE Connectivity's global business is split into three broad segments -automotive ($5.1 billion); broadband connectivity ($3.3 billion); consumer ($1.9 billion) and $3-billion industrial business. In India, the industrial segment is about $100 million strong.<br />Its India revenues were Rs 1,406 crore in fiscal '12, with more than 4,000 employees including 350 engineers, out of its global workforce of 90,000 employees. <br /><br />The company’s global R&D is about $700 million and it has 19 design centres worldwide. The company is also a supplier of equipment to Bangalore metro and with cities having population of more than 20 lakh to have metro rail, Curtin expressed optimism in more such contracts. “In every high-speed locomotive, there are TE components worth close to $90,000,” said Curtin. Under the industrial segment, the company designs and manufactures high voltage components, power & signal connectors, power resistors, communication connectors, high performance relays and more.<br /><br />Announcing the Q1 results of the company in January 2013, TE Connectivity CEO Tom Lynch had said that revenues in their transportation and industrial segments were up low single-digits; the network and consumer segment declined in the quarter. <br /><br />The company earns 32 per cent of its revenues from America, 19 per cent from Asia (excluding China); 17 per cent from China and 32 per cent from EMEA region. In Q1, revenues were up 4 per cent in the Americas, down 2 per cent in Europe, and down 5 per cent in Asia; within Asia, revenues from China were up about 4 per cent.</p>
