LS Cable & System develops Korea’s first electric vehicle cord set for household use

■ Compact and portable cord set to contribute to proliferation of electric vehicles

LS Cable & System (Chairman & CEO: Christopher Koo) announced on the 29th that the Company has completed development of an electric vehicle cord set for household use as the first in Korea. Directly connected to power outlets in residential and commercial buildings as well as private homes, this cord set supplies 3.3kW of power to electric vehicles. Based on Hyundai Motor Company’s BlueOn, it takes 6 hours for a full charge that can provide about 140km of driving.

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Nexans wins turnkey contract to supply and install infield power cables for the Riffgat offshore wind farm

Nexans, a worldwide leading expert in the cable industry, has been awarded a contract by the project developer Offshore-Windpark RIFFGAT GmbH & Co. KG, which is owned by Enova and EWE ENERGIE, to supply and install the infield submarine power cables and ancillary equipment for the Riffgat offshore wind farm currently under construction 15 km northwest of the German island of Borkum.

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Gulf Bridge International achieves industry-wide milestone by offering 100G on its wholly-owned undersea cable across Gulf

Gulf Bridge International (GBI), the Gulf’s first privately owned submarine cable operator, is the first operator to offer true 100G connectivity on parts of its undersea cable network. GBI has made the move to 100G to meet growing demand from the carrier community for high-capacity services that bridge Europe, the Middle East and Asia.

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nkt cables announces half-year report 2011

EBITDA expectations in NKT Holding for 2011 is downgraded to approx. 1.0-1.1 bnDKK from earlier approx. 1.2 bnDKK due to the fact that 2nd quarter earnings in nkt cables were not satisfactory. The adjustment primarily relates to the newly build submarine and high voltage cable factory in Cologne where commissioning has proved more complex than first anticipated. The rest of nkt cables‘ business segments, as well as the companies Nilfisk-Advance, NKT Flexibles and Photonics Group, are all developing satisfactory as expected.

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TPC Adds 500-K Aramid Fiber Cable to Current Line of High Temperature Products

TPC Wire & Cable Corp. adds Aramid fiber jacketed high temperature cable to their extensive offering of electrical cable, connectors and accessories. TPC supplies power and control cable, connector assemblies and accessories for a wide range of applications in Utility, Food & Beverage, Mining, Crane Services, and the Wood, Pulp & Paper markets.

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Datwyler experiences brisk demand, but growing pressure on margins

In the first half of 2011, the Datwyler Group achieved its targeted organic growth with a currency-adjusted 8.7% increase in net revenue. After consolidation in Swiss francs, net revenue still saw a 0.3% increase to CHF 679.0 million.Before restructuring costs and assuming no change in exchange rates, operating profitability was up slightly on the previous year’s level.After taking account of all factors, the EBIT margin narrowed to 9.2%.The net result declined to CHF 44.2 million.For the year as a whole, the reduction in visibility means it will hardly be possible for Datwyler to improve on its 2010 revenue and income figures.

In the first half of 2011, all four divisions of the Datwyler Group reported brisk demand from their respective key markets industry, pharmaceuticals, construction and automotive.Economic conditions were buoyant, particularly in central, northern and eastern Europe as well as in Asia.The upbeat mood was overshadowed by the debt crisis in the eurozone and the resulting currency turbulence, in which the strong Swiss franc played a central role.Although the Datwyler Group achieved its planned organic growth, with an 8.7% increase in net revenue after adjustment for currency factors, after consolidation in Swiss francs, all that remained was a 0.3% year-on-year increase to CHF 679.0 million (previous year CHF 677.0 million).Currency movements had a negative impact of CHF -57.3 million or -8.4%.

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