July 16, 2008
From a humble beginning in 1979 to a regional giant with 100% local holding, Ducab has indeed progressed a long way in powering the growth of the Middle East with advanced Cable Technology. Although the company’s products are hidden underground and behind walls, Ducab’s reputation is known to the world as a leading name in quality power cable solutions.
On March 2nd 2005 Ducab opened its new factory in Abu Dhabi. Ducab’s success is the result of the company’s unflinching commitment to continuous innovation and technology. Not to mention a relentless pursuit of quality in both products and services.
The company, jointly owned by the Governments of Dubai and Abu Dhabi (50% each), has one of the most modern manufacturing units in the region, occupying an area of 590,000 square metres of land in Jebel Ali, Dubai and nearly 200,020 square metres in Mussafah, Abu Dhabi.
Today, Ducab produces over 65,000 copper tonnes equivalent of low and medium voltage cables, emerging as the leader and the first choice of prestigious customers in the Middle East
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Cable & Wire News, Cable Manufacturers |
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Posted by thecabledirectory
July 9, 2008
International Wire Group, Inc. announced Tuesday that it has retained Jefferies & Company, Inc. as its exclusive financial advisor to assist the Company in evaluating strategic alternatives, including a possible sale of the Company. Mark K. Holdsworth, Chairman of the Company’s Board of Directors, said, “Under CEO Rodney D. Kent’s leadership, International Wire has made great progress by selling the Insulated Wire business, reducing the operating costs of its core Bare Wire business, improving European operations, acquiring additional low-cost capacity, and acquiring the High Performance Conductors, Hamilton Products and Global Wire businesses. The Company’s geographic presence, markets and products have all been successfully expanded and the balance sheet has been strengthened through significant debt reductions. We are now hiring Jefferies to help us analyze the various strategic alternatives in front of us, so that we can choose the path forward that most enhances shareholder value.” The Company emphasizes that it is unable to predict if this review of strategic alternatives will result in any transaction. The Company does not expect to make further public comments with respect to this announcement unless such review of strategic alternatives results in a transaction.
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Cable & Wire News, Cable Manufacturers |
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Posted by thecabledirectory
July 7, 2008
EIGHTY jobs will be created after a cable manufacturer?s decision to open a facility in the North-East. JDR Cables Ltd is to open an umbilical cable manufacturing facility at a dockland site in Hartlepool. The subsea cable manufacturing company has signed a 15-year lease with PD Ports for the site. An existing PD Ports warehouse at Hartlepool will be converted into an umbilical cable manufacturing facility employing 80 staff.
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Cable Manufacturers, Subsea & Underwater |
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Posted by thecabledirectory