CTC Marine has completed load-out of 8 submarine power cables at the Prysmian factory in Naples Italy and is now on site in the Bay of Campeche for the Ku-Maloob-Zaap Field Development Project, Gulf of Mexico. CTC is utilizing the Northern River equipped with CTC’s CMROV 3, WROV and lay spread, including cable baskets. The spread was successfully mobilized at Tees Port UK, in early March.
Alcan Cable, a business unit of Rio Tinto Alcan, introduced today a new family of track resistant coverings for its aluminum overhead line wire products that protect the conductor from electrical degradation as a result of contact with trees. These special track resistant cables are used where frequent tree contact is expected.
Rental Solutions & Services (RSS) is a global provider of rental power, temporary cooling and mobile water solutions, has been chosen as one of the “Top 25 Most Innovative Companies in the Gulf”. RSS was ranked fourth, in the special report by Construction Week Magazine.
Continue reading RSS Selected as “Top 25 Innovative Companies in Gulf”
InnoVites B.V. announces that RR Kabel Ltd. (Ram Ratna Group) has chosen the ERP solution of InnoVites as the platform of choice for their continuous improvement. The perfect match of the InnoVites software with the business processes of RR Kabel enables the company to implement best practices of the industry. RR Kabel is located in Mumbai, India.
Saudi-based Alfanar Electric has announced the successful implementation of SAP’s Customer Relationship Management solution, a robust technology that fully meets customer service needs and provides increased visibility into front and back-office operations, helping to provide best in class benefits to dealers and customers.
Dow Wire and Cable is proud to announce that Simon Sutton, European End-Use Marketing Manager, has been appointed to the CIGRE Strategic Advisory Group (SAG) for solid insulating materials. The SAG provides guidance to the Study Committee chairman and proposes topics for Working Groups within CIGRE’s Materials and Emerging Test Techniques Study Committee (SC D1) whose scope includes, amongst others, cable insulation, silicone rubber and epoxies.
nkt cables realized solid growth in revenue following a weak 2009 which was influenced by the global economic recession. Revenue measured in standard metal prices increased to 5,547 mDKK (2009: 4,646 mDKK), corresponding to organic growth of 16%. This development was particularly strong in the 2nd half of the year when the commissioning of the new factory in Cologne made a serious contribution to growth in revenue. This growth derived partly from production of an important cable project at the new factory, and also from higher than expected growth in the other product segments.
Profitability target achieved: adj ebitda €387 million
Upturn in second half: organic growth +9.7%, adj ebitda €206 million (€181 million in 1H)
Power transmission order book: exceeds €1.5 billion (€900 million at end 2009)
CEO Battista: “we are able to undertake Draka integration leveraging on a confirmed sound balance sheet”
• Sales: €4,571 million (organic change +3.2%)
• Adj EBITDA : €387 million (€403 million in 2009; -4.0%)
• Adj operating income : €309 million (€334 million in 2009; -7.6%)
• Adj net profit : €173 million (€206 million in 2009; -16.0%)
• Free cash flow: €120 million
• Net financial position improved to €459 million from €474 million in 2009
Dividend of €0.166 per share for a total pay-out of €35 million
The Board of Directors of Prysmian S.p.A. has approved today the Company’s consolidated financial statements and separate financial statements for 2010 .
Prysmian, a leading global player in the energy and telecommunications cables and systems industry, is ready for the international launch of P-Laser, the first high-performance eco-sustainable Medium Voltage cable for electrical grids. Made with raw materials that are recyclable, P-Laser helps to reduce the environmental impact of electrical grids while increasing their efficiency and transmission capacity.
Pacnet, which was formed from the operational merger of Asia Netcom and Pacific Internet and which describes itself as Asia’s leading independent telecommunications service provider, has selected NEC Corporation to carry out a multi-million upgrade to its 9,620km EAC Pacific Cable Network (EAC Pacific). The submarine link, which represents two of the five fibre pairs of the Unity Cable System, connects Chikura, Chiba, off the coast of Japan near Tokyo, to Los Angeles, California. It has capacity of 1.92Tbps and went live in April 2010. Pacnet is experiencing rising demand for connectivity between Asia and North America and hopes to benefit from NEC’s 300Gbps upgrade of the system. The upgrade is scheduled to be implemented in several phases, with the final phase slated to be ready for commercial service by June 2011. ‘The latest upgrade … enables us with the potential to double EAC Pacific’s design capacity through the use of latest 40G technologies,’ says Wilfred Kwan, chief technology officer of Pacnet.