Lapp Group shows moderate growth

wirecableApril 1, 2013July 22, 2013

April 1, 2013July 22, 2013

February 26, 2013 Characterised by the varying developments in global markets and the uncertainties in the Eurozone, the Stuttgart-based Lapp Group recorded moderate growth in the financial year 2011/2012 (1 October to 30 September). The leading provider of integrated solutions and branded products for cable and connection technology increased revenue......

Leoni releases FY 2012 results, records euro 3.8 billion sales

wirecableApril 1, 2013July 22, 2013

April 1, 2013July 22, 2013

February 13, 2013 Leoni generated revenues of approx. EUR 3.8 billion in 2012 and thus exceeded the previous high of EUR 3.7 billion, posted in 2011, by about three percent. The cable specialist managed a spot landing in terms of earnings before interest and taxes (EBIT) with a figure of......

Prysmian releases FY 2012 results, records euro 7.8 billion sales

wirecableApril 1, 2013July 22, 2013

April 1, 2013July 22, 2013

February 28, 2013 Prysmian S.p.A. disclosed the company’s consolidated financial statements and separate financial statements for 2012. “In a difficult market, particularly in Europe, Prysmian has achieved a positive performance in operating earnings mostly in its high value-added businesses. This result, combined with synergies from the integration with Draka achieved......

William J Murray becomes President of Teknor Apex Company

wirecableApril 1, 2013July 22, 2013

April 1, 2013July 22, 2013

January 28, 2013 Teknor Apex has appointed William J. Murray as its new president. He succeeds Jonathan D. Fain, who remains CEO and becomes chairman of the board. William Murray will be responsible for the company’s worldwide compounding businesses. Teknor Apex operates twelve manufacturing facilities in the U.S., Europe, and......

PGCIL plans to acquire wire business license in CESU area

wirecableApril 1, 2013July 22, 2013

April 1, 2013July 22, 2013

February 15, 2013 Power Grid Corporation of India Ltd (PGCIL) has put up a proposal to acquire wire business license within the jurisdiction area of Central Electricity Supply Utility, a power distribution company (discom) in Odisha. As per the proposal, PGCIL will invest in setting up new infrastructure within CESU......

Havells India inks fresh trademark licence pact

wirecableApril 1, 2013July 22, 2013

April 1, 2013July 22, 2013

January 7, 2013 Havells India has inked a pact with a promoter entity whereby the trademark ‘Havells’ would be transferred to the company. “One of its promoter companies, QRG Enterprises Ltd, which owns the trade mark ‘Havells’, has entered into a revised trademark license agreement with the company pursuant to......

Chinese State Grid to invest over 300 billion Yuan in 2013

wirecableApril 1, 2013July 22, 2013

April 1, 2013July 22, 2013

February 21, 2013 The State Grid Corp., one of China’s two major power grid operators, is going to invest more than 300 billion yuan to develop power grid ultra-high voltage power transmission and smart grid. The investment package maintained stable compared to the 305.4 billion yuan investment in power grid......

ECNEC, Bangladesh approves 78.82 billion development projects

wirecableApril 1, 2013July 22, 2013

April 1, 2013July 22, 2013

February 19, 2013 The government approved several projects at the regular meeting of the Executive Committee of the National Economic Council (ECNEC) at Sher-e-Bangla Nagar in Dhaka. ECNEC Chairperson and Prime Minister Sheikh Hasina presided over the meeting, Planning Division Secretary Bhuiyan Shafiqul Islam told reporters after the meeting. The......

Alstom T&D India Ltd secures contract from Power Grid

wirecableApril 1, 2013July 22, 2013

April 1, 2013July 22, 2013

February 19, 2013 Alstom T&D India Ltd announced that it has been awarded a turnkey Fixed Series Compensation (FSC) contract worth around EUR 10 million (INR 650 million) by Power Grid Corporation of India Limited (PGCIL) to improve power quality on the 400kv Wardha-Aurangabad Transmission Network. The company will deliver......

KEC International wins orders worth Rs. 646 crore

wirecableApril 1, 2013July 22, 2013

April 1, 2013July 22, 2013

February 15, 2013 KEC International Ltd. (KEC) has secured new orders worth Rs. 646 crore in its Transmission and Cable businesses. In transmission business, the company has secured Rs. 559 crore orders from India and Americas. Details are as follows:- 1. Two orders worth Rs. 291 crore from Power Grid......