|Ross Oil & Gas International Wins Exclusive Distribution Agreement With Stahl|
Aberdeen-based Ross Electrical Oil and Gas International, supplier to the oil, gas and petrochemical industries worldwide, has been awarded an exclusive distributor agreement for Stahl hazardous area equipment in Scotland.
Customers can now benefit from a wide range of market leading Stahl products from Ross Electrical, in addition to excellent service levels, industry knowledge and experience.
Renowned for high quality products, Stahl manufactures explosion proof, intrinsically safe hazardous area equipment ranging from lighting , lighting control and switching equipment, control gear, distribution and switchgear to plugs and sockets. All oil and gas field developments, refineries and chemical plants present some of the world’s most demanding environments, therefore installers must have absolute confidence in the products they use, plus a supplier who understands their business. Experience and expertise to deliver cost effective solutions is critical in this ever – changing industry.
The large stock profile of key Stahl products held by Ross Electrical Oil and Gas builds on its already established comprehensive product portfolio. With large stock availability, Ross Electrical Oil and Gas can offer unrivalled sourcing capability, which ensures that all projects, from single commodity supply through to complete installations, maintenance and repair, are in safe hands. In addition, Ross Electrical Oil and Gas will be assembling junction boxes and control stations under license at its Aberdeen headquarters.
The company has grown from local distributor to global player by continually meeting and exceeding customer expectations in the most demanding and specialist of industries. Ross Electrical Oil and Gas customers require the most exacting, rigorously tested electrical products and the highest standards of service, which is what the company strives to deliver time after time.
As well as an extensive product portfolio, Ross Oil and Gas offers genuine understanding of the oil and gas industry and the specialist needs of companies working within it. Providing effective solutions for the most exacting specialist locally and worldwide, from single commodity supply through complete installations to maintenance and repair, this is what Ross Electrical Oil & Gas International is all about.
Ross Electrical Oil and Gas International was established in 1975 by leading electrical wholesaler, Newey & Eyre Ltd (Hagemeyer UK), to service the specialist needs of the oil and gas industry. Headquartered in Aberdeen, it is at the heart of the international onshore and offshore community and with over 30 years’ experience, it is a name the industry can trust.
|Aker Kvaerner to expand subsea facilities in Brazil|
Aker Kvaerner will build a state of the art manufacturing facility for production risers and expand its subsea aftermarket facility in Rio das Ostras in Brazil. Aker Kvaerner is the first company to manufacture drilling risers in Brazil making this facility the first of its kind in the region.
The new drilling risers’ facility will allow Aker Kvaerner to extend the existing subsea aftermarket services for the riser business. The expansion start-up is scheduled for the third quarter of 2007.
“This expansion is part of an important milestone for Aker Kvaerner’s aftermarket and risers businesses. As well as matching the increasing demand for highly specialized subsea services, Aker Kvaerner is supporting the development of Rio de Janeiro state industry and reinforcing its established position of strong supplier of subsea equipment in Brazil,” says Marcelo Taulois, President, Aker Kvaerner in Brazil.
The extension comprises an additional 1600m2 to the existing aftermarket workshop, matching the increasing local demand for subsea aftermarket services, plus the acquisition of an adjacent 13000m2 area where the new drilling risers manufacturing facility is to be installed.
The new drilling manufacturing facility will be equipped with all processes to manufacture riser systems from start to finish, including welding lines, assembly, testing, blasting and surface treatment lines.
The first contracts are to supply three full subsea drilling risers systems, featuring Aker Kvaerner’s innovative CLIP riser system, to Brazilian drilling group Queiroz Galvão Óleo e Gás.
|ICM is a private company providing international services in cable management and distribution of Power, Control, Instrument, Telecoms, Fibre Optic & Data cable and associated electrical equipment for use in the Oil, Gas, Petrochemical, Refining, Power generation and Marine industries.Our cable portfolio includes BS6883, NEK606, IEEE45 offshore cables . Onshore cables to IEC60502, BS5467 and BS5308. High temperature, Subsea , Fibre Optic, Zero Halogen and Medium Voltage cables for special applications.To find more information regarding Power Cables and Marine cables visit our datasheet section.|
Responsible for the provision of independent turnkey cable management services for major capitol projects within the global energy and marine markets.
Specialising in the day to day distribution of Power Control and Instrumentation cables, Electrical equipment and Accessories
|Cable SpecialistsRapid manufacturerICM specialise in the rapid manufacturing of custom made cables within 3-4 weeks based on no MMQ.
ICM specialize in Procurement, Supply, Source, Material Control, Expediting, Inspection, Testing, Installation and Plant Hire. Our expertise includes Cable Manufacturing, Rapid Cable Manufacturing, Marine Cables, Offshore Cables, Onshore Cable Offshore Marine Cables, Shipwiring Cables, Zero Halogen Cables and High Temperature Cables.
INTERKAB exhibiting at MEEE 2007
INTERKAB The Projects Division of International Cable Management is exhibiting at Middle East Electricity Exhibition & Conference in
Dubai, 11-14 February 2007.
Michael Knox, INTERKAB Director, stated that MEEE is the leading event of its kind in the region and possibly the world, providing INTERKAB the opportunity to promote their products and services to companies in the region and across the globe.
INTERKAB provides an international service in cable management. Products included in there product portfolio for the Energy and Renewable sectors, include medium and low voltage power, control and instrument cables together with associated products to meet clients requirements.
Services include asset management and partnership manufacturing, inspection, documentation, freight and export management.
International Cable Management was founded in 2004 and is actively seeking to expand and develop within the
Middle East. For further info contact firstname.lastname@example.org
|Boosted by solid growth and rising profits, Nexans launches a new strategic plan for 2007-2009 and enters a new phase of its development|
Paris, January 31, 2007 – The Nexans Board of Directors, which met on January 30, 2007, with Gérard Hauser as Chairman, has approved the accounts for 2006. Sales in 2006 totaled 7.489 billion euros compared with 5.449 billion euros in 2005. Sales calculated at constant non-ferrous metal prices b) amounted to 4.442 billion euros compared with 4.263 billion euros in 2005, and reflect organic growth of 8.2%.
Operating margin c) reached 260 million euros, an increase of 40% compared with 2005. The operating margin rose from 4.4% to 5.8% at constant metal prices. Operating margin was 3.5% of sales at actual metal prices.
As a result of a change in the method of recording the core exposure for metal inventory (see financial results presentation slides referred to at the end of this release) and taking into account 48 million euros in restructuring costs and the 149 million euro gain from the sale of distribution activities in Switzerland (Electro-Matériel SA), operating profit amounted to 363 million euros compared with 291 million euros in 2005.
Financial income was -69 million euros compared with -36 million euros in 2005, due in particular to the rise in interest charges associated with the increase in the average level of debt and the rise in interest rates as well as the payment of a 6.4 million euro adjustment to the bearers of OCEANE 2004-2009 bonds in connection with their conversion.
Tax costs amounted to 48 million euros compared with 36 million euros in 2005, mainly due to improved results of a number of subsidiaries. Tax costs were nonetheless reduced by the recognition of deferred tax assets and the partial exemption from taxation of the gain on the sale of Electro-Matériel in Switzerland.
The Group share of net income was 241 million euros compared with 163 million euros in 2005 (after restatement to take into account the change in accounting method in 2006).
Net financial debt increased by 261 million euros, reaching 633 million euros at December 31, 2006. This increase is linked to the rise in copper prices (+50% in 2006) and the acquisition of Olex. Nexans continued to maintain healthy financial ratios, with a 40% net debt/ shareholders’ equity ratio at December 31, 2006.
These results led the Board of Directors to propose the payment of a dividend of 1,20 euro per share, a 20 % increase compared to 2006 (1 euro), for decision by the General Shareholders’ Meeting.
a) Olex, consolidated from December 31, 2006, is included in the balance sheet but not included in either the sales figures or the results
b) To neutralize the effect of variations in the purchase price of non-ferrous metals and thus measure the underlying sales trend, Nexans also calculates its sales using a constant price for copper and aluminum.
c) A management indicator used by the Group to measure its operational performance
Continued concentration on cable businesses
Nexans has announced the signing of a deal with Superior Essex for the sale of its winding wires activities in Canada and in China for 32 million euros. These agreements relate to the Simcoe plant in Canada and Nexans’ 80% majority interest in Nexans Tianjin Magnet Wires and Cables company. (see separate press release issued today)
Success of the 2005-2007 strategic plan and launch of a new 3-year plan
The Group has achieved the objectives set in its 2005-2007 strategic plan a year earlier than predicted. In February 2005, Nexans was aiming for organic growth of approximately 4% a year and an operating margin of approximately 5% by 2007. At the end of 2006, the average annual growth rate of the business was 6.7% over the period 2005-2006, while the operating margin at constant metal prices reached 5.8% in 2006.
The Group had also committed to increasing sales in its priority sectors such as energy and transport infrastructures, automotive, automation or shipbuilding. Two years after this plan was launched, Nexans’ sales in its priority sectors showed an increase of 30% (at current consolidation scope) and an increase of more than 40% in sales outside Europe.
Boosted by this result, Nexans is pursuing its expansion, today announcing a new 3-year strategic plan for 2007-2009 which aims to make Nexans a more profitable company, less sensitive to economic cycles and focused on a smaller number of business sectors with strong synergies between them. Following on from the existing strategy, Nexans will rely on three core business sectors: energy infrastructure, OEM and construction markets.
A new phase of its development
Commenting on the 2006 results, Nexans Chairman and CEO Gérard Hauser said: “Our results are highly satisfactory since we reached our 2005-2007 objectives a year ahead of time. Despite particularly high raw material prices in 2006, the company has achieved strong growth and rising profits. We have also stepped up our presence in the developing regions and pursued our development in high added value specialty products. On the basis of these results, we are today announcing the launch of a new strategic plan for 2007-2009, the main objective of which is to make Nexans a global player in the infrastructure, OEM and construction markets with energy cables as its engine for growth. After refocusing our conductor activities on our own requirements, this plan should enable us, by 2009, to achieve sales of 5 billion euros at constant metal prices, a 7.5% operating margin, a return on capital employed (at 2006 metal prices) approaching 13% and positive net cash flow.
For 2007, we are aiming for an increase in sales at constant metal prices of approximately 4% (taking into account the decision to reduce our exposure to the electrical wires sector), an improvement in our operating margin (the level of which is always difficult to determine at the beginning of the year), and a neutral cash flow > situation”.
These objectives, set on the basis of sales calculated at constant metal prices, presuppose that the worldwide economic conditions observed in 2006, particularly in the emerging countries and in the oil industry, will continue unabated through the period of our new strategic plan.