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Zicom sets up unit in China

CHENNAI: Zicom Electronic Security Systems, (Zicom) a provider of electronic security solutions, has recently set up a manufacturing unit in Shenzen, China. Rathin Kumar Banerjee, Chief Executive Officer of the company’s Security Solutions Group, told newspersons here on Friday that the factory would generate security systems worth Rs. 250 crore. Zicom had floated a separate company called Zicom Manufacturing for all its manufacturing activities, which would include the production of closed circuit televisions, (CCTVs) fire alarm systems, home security systems and access control, Mr. Banerjee said. The company had recently acquired a 49 per cent stake in Unisafe Fire Protection Specialists, Dubai, he said.

The company, which posted a turnover of Rs. 154 crore in the previous fiscal, was aiming at touching Rs. 250 crore by 2008, he added.

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