On the back of low growth and severe competition from local low-cost producers, engineering major Larsen & Toubro (L&T) is all set to close down its switchgear unit in China. The company is awaiting Chinese government clearance for the same.
L&T, through Larsen & Toubro (Wuxi) Electric Company (LTW), a wholly-owned subsidiary of L&T International FZE, Sharjah, had entered into switchgear segment in 2006 by establishing a factory at Wuxi in Jiangsu province.
LTW was Larsen & Toubro’s first manufacturing facility in the electrical sector outside India which manufactures air circuit breakers (ACB) and moulded case circuit breakers (MCCB). The factory is equipped with manufacturing facilities, quality control and testing equipment.