Asia Pacific Wire & Cable Corporation Wins Industry Recognition and Receives New Contracts

Asia Pacific Wire & Cable Corporation Limited (OTC Bulletin Board: AWRCF) (“APWC” or the “Company”), a leading manufacturer of wire and cable products for the telecommunications and electric-power industries in selected Asia-Pacific markets, today announced its wholly owned subsidiary, Pacific Wire and Cable Shenzhen (“PEWSC”), has been recognized as one of the top wire and cable companies in China, and another subsidiary has received several significant new contracts.

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Interview with Ahmed A. El Sewedy, President and Chief Executive Officer of El Sewedy Electric


Subsequent to attaining his degree in Electrical Engineering from Cairo University in 1986, Ahmed joined his family’s business of manufacturing cables. Being an apprentice to the industry, he was assigned and assumed a diversity of roles, proceeding from one to another, in preparation for the business’s new leader. In 1997, he was appointed as the CEO of the company and initiated corporate strategies that shifted El Sewedy to a new horizon.

Starting with ONE cables factory, Ahmed master minded the current massive expansions of El Sewedy Cables and drove a 30% per annum growth of capacity, revenues and manufacturing plants to reach 30 factories by 2010. In May 2006, he led El Sewedy Cables IPO, and the private placement of shares on the Cairo and Alexandria stock exchange amounted to 1.29 billion Egyptian pounds representing 25% of the share capital of El Sewedy Cables. In November 2010, Ahmed changed Elsewedy Cables name to Elsewedy Electric in order to reflect current business expansions and diversification as an integrated energy solutions provider serving and reaching customers in five main markets – energy, infrastructure, industrial, building and residential – by operating in eight diversified sectors: cables and accessories, electrical products, energy measurement and management, transformers, communication, wind energy generation, solar energy, and EPC operations.

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General Cable Reports Fourth Quarter Results

General Cable Corporation (NYSE: BGC), one of the most globally diversified industrial companies, reported today results for the fourth quarter ended December 31, 2010. Diluted earnings per share for the fourth quarter of 2010 were $0.66. Included in these results was $0.09 per share of non-cash convertible debt interest expense. Before the impact of this item, adjusted non-GAAP earnings per share for the fourth quarter of 2010 would have been $0.75.

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