| Continuing with our theme of Cable Manufacturers making loads of money last year, today we feature a story of Jordon based Cable Manufacturer who is certainly not bucking the trend. Last year saw a 30% increase in sales. For the full article please read on:
National Cable and Wire Manufacturing Company increase sales by over 30% |
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In its annual report, Jordan based National Cable and Wire Manufacturing Company told shareholders the market is encouraging and the firm could do better with additional capital. Higher equity would finance more production lines, raise output capacity and ease the company’s financial burden besides pushing up overall sales in and outside the Kingdom, the report said. Last year, the company raised its capital by JD2.5 million to JD12.5 million through a private placement. But the implementation of a planned expansion was delayed for several months due to lengthy procedures for obtaining official approvals for the increase. It indicated that higher efficiency would be attained after putting into operation the new expansion which is expected in July 2007. Noting that demand for wire and cable has increased locally and regionally as a result of large investments in the real estate sector, the company deemed it necessary to back “what is left of old production lines” and execute another expansion scheme to increase the output of brands needed for infrastructure and construction projects.
Financially, National Cable and Wire Manufacturing Company hiked sales by 31 per cent or JD6.69 million to JD28.28 million at the end of last year. In 2005, sales totaled JD21.59 million. Due to large volume of construction, local sales surged by JD7.6 million, or 103 per cent, to JD15.07 million compared to JD7.4 million in 2005. Local sales accounted for 53 per cent of total sales.
Exports, dropped by 7 per cent or JD0.93 million to JD13.22 million from JD14.15 million. The decline was attributed to instability in Iraq which the company described as ” the distinguished market for our products”.
The income statement showed gross profit from sales at JD4.7 million last year compared to JD2.48 million in 2005. But the net profit after provisions stood at JD1.94 million as a result of writing off JD1.15 million in bad debts.
Net profit came at JD1.33 million in 2005.
National Cable and Wire Manufacturing Company employs 270 workers, mostly at its factory in Zarqa.
Main shareholders are: The Jordan Islamic Bank (15 per cent), The Saudi Al Baraka Investment and Development Company (7.5 per cent), Al Tawfiq Investment Funds Company/Cayman Islands (7.3 per cent) and Engineers Pension Fund (5 per cent). |
National Cable and Wire News – National Cable and Wire Manufacturing Company increase sales by over 30%
May 29, 2007
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Alpha Wire News – XTRA•GUARD® Cables – Xtreme Performance for Xtreme Environments
May 28, 2007| Today we feature a news story from Alpha Wire and about a new profuct they have launched for extreme operating conditions. For full article please read on:
XTRA•GUARD® Cables – Xtreme Performance for Xtreme Environments |
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Elizabeth, NJ, …Recent research undertaken by Alpha Wire shows that, when specifying cable for use in hostile environments and extreme operating conditions, engineers select cable first by the environment in which it will be used, then by the application, and finally by the cable’s specific properties. The research confirms that, when specifying cable, engineers realize they cannot afford to underestimate the impact of hostile operating environments and that the integrity of any system is only as robust as the electronic cable on which the control signals are communicated. That cable must be capable of efficient signal transmission while withstanding extreme environmental abuses.
In response, XTRA•GUARD® cables, from Alpha Wire, deliver extreme performance and system reliability in the world’s most extreme environments, including heat; cold; abrasion; flexing; immersion in oils, chemicals, solvents and fuels; UV exposure, EMI/RFI interference; and direct burial. Hazard-matched and designed specifically to survive in the most hostile operating environments, XTRA•GUARD® cables are the perfect solution for use in demanding applications in industries as diverse as petrochemical, mining, power generation, medical, military, foundries, robotics, food and beverage, water and waste water, and security.
“XTRA•GUARD® cables reflect the way engineers select cable,” says Steve Olsen, Product Marketing Manager at Alpha Wire Company. “And selecting the correct cable for a critical application is essential to overall system reliability, performance and safety. It’s also crucial to select the correct cable the first time. If a cable is selected that proves not to be up to the job, it can lead to cable failure, which can be very costly. Production levels, profits and a company’s reputation could all take a serious hit.”
“And with the XTRA•GUARD® product line consisting of nearly 5,000 standard constructions, it was crucial that we make it as easy as possible for engineers to find the correct XTRA•GUARD® cable for their application’s extreme environment,” states Steve Olsen. “Therefore, we have developed 8 graphical icons for use in our brochure and online at www.xtraguard.com. Instantly identifiable as a particular environment, these icons enable engineers to quickly and easily select the right XTRA•GUARD® cable from the outset, thereby eliminating costly cable failure down the line.”
The XTRA•GUARD® product line consists of XTRA•GUARD® 1-5 and XTRA•GUARD® Flexible Cables:
XTRA•GUARD® 1 provides extreme performance in critical, high technology electronic signal and control applications. XTRA•GUARD® 2 delivers extreme performance in heavy-duty industrial applications requiring resistance to abrasion, cut-through and mechanical abuse, oils, solvents, chemicals and fuels. XTRA•GUARD® 3 offers extreme performance in outdoor and direct burial applications combating the effects of weathering, moisture and ultraviolet light aging without the costly use of conduit. XTRA•GUARD® 4 delivers extreme performance in both high and low temperature environments demanding strong resistance to oils, chemicals, solvents or fuels, as well as environments requiring low halogenated cables.
XTRA•GUARD® 5 provides extreme performance in unusually demanding environments. Impervious to any known chemical, oil, fuel or solvent, XTRA•GUARD® 5 provides unequalled performance in high temperature environments. XTRA•GUARD® Flexible Cables provide extreme performance in both single and multi-axis motion environments. Featuring outstanding oil and chemical resistance common to industrial automation applications, XTRA•GUARD® Flexible Cables provide unmatched performance from 1 to 14 million flex life cycles.
XTRA•GUARD® Flexible Cables comprise of: XTRA•GUARD® Flexible Control Cable offers extreme performance in single axis, light-to-moderate duty, flexing environments up to 1 million flex life cycles. XTRA•GUARD® Flexible Torsion Cable delivers extreme performance in multi-axis, torsional flexing applications up to 360° from neutral position. XTRA•GUARD® Continuous Flex Data Cable provides extreme performance in single axis, high-flex duty, continuous rolling or bending flexing environments up to 6 million flex life cycles. XTRA•GUARD® Continuous Flex Control Cable offers extreme performance in single axis, high-to-severe duty, continuous rolling or bending flexing environments up to 14 million flex life cycles.
For extreme protection against electromagnetic interference (EMI), radio frequency interference (RFI) and electrostatic discharge (ESD), all XTRA•GUARD® cables can be specified with SUPRASHIELD® – Alpha Wire’s proprietary shielding system. Interference, or noise, from high-frequency data circuits, lighting, transformers, motors, weather and underground circuits, can cause significant problems with signal transmission. For example, conducted EMI has the potential to cause catastrophic system failures if cables have inadequate shielding. The unique triple-laminate foil and braid construction of SUPRASHIELD® technology overcomes problems of noise and provides extreme signal protection in EMC environments.
XTRA•GUARD® cables have a round construction, making them easier to install, seal and route. With almost 5,000 standard constructions, XTRA•GUARD® cables offer the industry’s broadest range of AWG sizes, conductor counts, shielding options and jacket color choices. Choose from Chrome Gray, Sand Beige, Pure White, Robust Red, Industrial Black, Bold Blue, Environment Green, High Visibility Yellow and Safety Orange. The wide choice of colors lets engineers specify XTRA•GUARD® cables to match their equipment or décor. In addition, colors can be selected to code individual cables, allowing easy identification in cable tray installations. If desired, custom colors are also available to match specific applications and environments. All cables are sequentially footage marked for easy measurement of specific cable lengths and stocked items are available in put-ups as small as 100 feet (30m).
With all XTRA•GUARD® cables held in stock, and 1,500 distributors worldwide, XTRA•GUARD® cables are quick and easy to source. Same-day shipment and next-day delivery is available to most international destinations.
-Ends-
Editors, for further information on XTRA•GUARD® please contact: For press information, please contact:
Sandy Jaouen, Marketing / E-Business Manager, Alpha Wire Company, 711 Lidgerwood Avenue, Elizabeth, NJ 07207 Tel: 908 925-8000 Fax: 908 925-6923 Toll Free: 1-800-52 ALPHA E-Mail: info@alphawire.com Website: www.xtraguard.com Lynda Sparks, PR Manager, Vertical Marketing East Street, Wimbome, Dorset BH21 1DX, UK Tel: +44 1202 842250 Fax: +44 1202 841894 E-Mail: lynda@vertical-marketing.com; Website: www.vertical-marketing.com |
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Batt Cables News – Branching out in Belgium
May 28, 2007| Today we feature another Press Article from one of the UK’s leading Cable Distributor. They do supply cables all across the world, and are now opening a branch in Belgium. For the full article please read on:
Branching out in Belgium |
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BATT CABLES is pleased to announce the continuation of it’s successful expansion into Western Europe with the opening of a new branch in Belgium. BATT CABLES PLC is a market leader in the specialist supply, management & distribution of electrical cables and accessories,
The new office will be located in Mechelen and will be managed by Mr Eric Jacobs who joins the team at BATT CABLES with thirteen years experience in the electrical cable industry.
All cables & accessories supplied by BATT CABLES plc comply fully with British, European and international standards. The vast stock range includes power, control, instrumentation shipwiring, data, fibre optic and telephone cables and accessories.
Batt Cables Belgium Plc, Omega Business Park, Wayenborgstraat 19, 2800 Mechelen, Belgium
Tel +32 (0)15 20 65 72
Fax +32 (0)15 43 07 13
e-mail : eric.jacobs@batt.co.uk
BATT CABLES
Tel: 01322 441165, Email: battindustrial.sales@batt.co.uk,
www.batt.co.uk
BATT CABLES plc specialise in cable distribution. They were the first distributor in the UK to gain ISO9002 accreditation in all branches. BATT CABLES has a huge stock holding including power, control, instrumentation, armoured and fire resistant cables. The company has an established distribution network as well as dedicated Export, Industrial, Oil, Gas and Marine divisions. |
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Nexans News – Nexans leads the way in Intelligent Infrastructure Management and harmonizes its product ranges
May 25, 2007| Today Nexans press release is about having completed the process of integrating the LANsense range of intelligent solutions with its existing LANmark offering. For full details please read on:
Nexans leads the way in Intelligent Infrastructure Management and harmonizes its product ranges |
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Nexans announces that it has successfully completed the process of integrating the LANsense range of intelligent solutions, acquired from ITT in June 200*, with its existing LANmark offering. With network complexity and the potential for malfunctions constantly rising, firms are increasingly looking for ways to simplify the management of their infrastructure at all levels. Thanks to its comprehensive harmonized solutions, Nexans is creating “Cabling Intelligence”, bringing this much-needed simplification to both large and smaller businesses.
Nexans can now offer a total solution that enables firms to link up the management of different network levels, from the physical cabling layer to the application architecture layer. Nexans will market its integrated solutions through its two main system brands: LANsense for Intelligent Management, and LANmark for Physical Infrastructure.
Easy to install With LANsense and LANmark, Nexans is uniquely positioned in the market. The beauty of the technology lies in its flexibility. Not only does it allow companies to fully exploit IP convergence in a secure environment, it also allows hassle-free installation. Migration to a LANsense solution occurs in two distinct phases, beginning with installation of the passive infrastructure. Once this is in place, the upgrade to an intelligent system is carried out by simply changing the front plates of the panel switches, which involves no major new installation and keeps disruption to a minimum.
* In June 2005, Nexans Cabling Solutions acquired the LANsense range, developed by ITT, and set up a new business unit called Nexans Intelligent Enterprise Solutions (IES). The objective was to develop the LANsense suite of intelligent solutions, wireless products and powered LAN devices, integrating them into Nexans’ existing LANmark range.
Intelligent network systems
The evolution from conventional cabling systems to intelligent systems is now taking place and Nexans is focused on providing a flexible and affordable solution that enables companies of all sizes to adopt these new technologies. The LAN market is constantly changing and the need for intelligent solutions is closely following this trend. A major player in this emerging market, Nexans’ next generation cabling solutions will be a key part of this upgrade process. |
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Project News – Great deal of interest in Peru licensing round
May 25, 2007| Today in Project News we featured an interesting article about first round licensing in Peru for 19 Oil & Gas Blocks. This has created a lot of interest amongst all the majors, and 37 companies have expressed interest. For more information please read on:
Great deal of interest in Peru licensing round |
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At least 37 companies have expressed interest in bidding for 19 oil and gas blocks the government is promoting in different parts of Peru, Daniel Saba, head of state licensing company Perupetro, said Thursday.
“As of yesterday, 37 companies have registered, the interest is growing every day,” Saba told foreign journalists. Companies can register to bid until June 8. The technical proposals will be presented July 9 while the economic proposals will be presented July 12, he said.
“The winners will be announced on July 12,” he said.
According to Saba, Royal Dutch Shell PLC (RDSA) has expressed interest. He declined to name any other companies but said they come from the U.S., Canada, Latin America and Asia.
The interest “is very diversified,” said Saba.
The government has made a concerted effort to drum up interest in Peru’s flagging oil sector in recent years and has managed to attract significant investment after making contracts more flexible and attractive. In 2006, for example, the government signed a record 16 new exploration and production contracts. |
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Telecom News – Internet advertising revenues grow 35% in 2006, hitting a record of US$17 billion
May 24, 2007| Today’s news we feature a lead story about the rise in internet advertising which is great if you run a web-site, but bad news if you run a newspaper. Yes the world of advertising is changing and year after year more people are buying into the idea of the internet and on-line advertising. For the full article please read on:
Internet advertising revenues grow 35% in 2006, hitting a record of US$17 billion |
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The Interactive Advertising Bureau (IAB) and PricewaterhouseCoopers LLP (PwC) has released the Internet Advertising Revenue Report which shows record results for the full year and final quarter of 2006. Internet advertising revenues in the U.S. continued upward totaling $16.9 billion in 2006, a new annual record exceeding 2005 by 35%. Q4 2006 internet advertising revenues totaled $4.8 billion, representing record revenues for a single quarter and a 35% increase over same period in 2005.
“Interactive advertising revenues continue to show solid growth as advertisers and agencies recognize that it is a medium that can uniquely affect consumer behavior from product awareness, to purchase intent, to actual purchase and then brand loyalty,” said Randall Rothenberg, President and CEO of the IAB. “We have every confidence that this growth trend will continue as marketers allocate more of their total marketing dollars to interactive and the industry delivers effective and innovative platforms for connecting with consumers.”
The report states that search, display, classifieds and lead generation all continue to grow at a healthy rate with an increase in both performance-based and CPM or impression-based pricing. Consumer advertisers continue to represent the largest category of internet advertising spending.
“The continuing strong growth of interactive advertising as evidenced by the full year 2006 survey results proves the importance of this medium to all types of marketers,” says David Silverman, partner, Assurance, PricewaterhouseCoopers. “The ability for these marketers to achieve both performance-based and branding objectives with interactive advertising is the foundation for this exceptional growth.”
“The results for 2006 show the internet continues to offer marketers the widest spectrum of advertising formats, from search-based text ads to dynamic rich-media and broadband video ads,” notes Peter Petrusky, director, Advisory, PricewaterhouseCoopers. “Online publishers may continue to experience growth as marketing budget allocations to all interactive forms continue to increase.” |
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Subsea Project News – Schilling Robotics to supply Allseas Group ROV technology & services
May 23, 2007| Today we featured a press release from Schilling Robotics who have been awarded an exclusively supply ROVs to the Allseas Group. Allseas is one of the world leaders in underwater cable & pipe laying.
Schilling Robotics to supply Allseas Group ROV technology & services |
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Schilling Robotics has been awarded a contract to exclusively supply remotely operated undersea vehicles (ROVs) technology to Allseas Group S.A., one of the world’s major offshore pipelay and subsea construction companies. Schilling will deliver four ultraheavy-duty (UHD(TM)) ROVs to Allseas by October 2007.
The four ROVs (UHD 15, 16, 17, and 18), will perform survey operations and provide ROV services for Allseas, and Schilling’s UHD systems will form the foundation of Allseas’ ROV equipment.
The systems will be installed on Allseas’ vessels to perform survey support, pipeline touchdown monitoring, and a wide array of construction support tasks in the North Sea, Gulf of Mexico, and other major oil and gas regions worldwide.
The ROVs feature 150 shp and are rated for operation to 4000 meters. Each system will include a Schilling Robotics extended-excursion XE(TM) TMS system with 500 meters of tether and an independent propulsion system.
“The specialized equipment used in our operations requires that we employ state-of-the-art technology and highly trained operators. Schilling Robotics’ equipment will help us in managing our projects safely and within budget,” said Jan Blankman, Allseas’ head of subsea services. He continued, “The AutoTrack(TM) utility, which allows survey coordinates to control vehicle movement, will be especially valuable in our survey work.”
Allseas will pair all four UHD systems with ODIM high-specification handling systems with active heave compensation, enabling the ROVs to operate in the world’s harshest offshore environments almost year round.
Schilling Robotics’ CEO Tyler Schilling said, “We take great pride in the fact that Allseas selected us to supply these important systems for their ROV operations and services division, since Allseas is known in the industry for the great care with which they select their equipment.”
Headquartered in Davis, Calif., with regional offices in Houston and Aberdeen, Schilling Robotics designs and delivers the highest-performing, most advanced subsea robotics, control systems, and components for use in the world’s harshest environments. The company brings over 20 years of technology expertise and innovation in control, communication, and actuation to the challenges facing customers in subsea environments.
The Swiss-based Allseas Group S.A. is one of the major offshore pipelay and subsea construction companies in the world, operating specialized vessels that are designed in house. Founded in 1985, the company has gained worldwide experience in all types of offshore and subsea construction projects. Allseas supports clients already in the conceptual design stage and offers its services for project management, from engineering and procurement to installation and commissioning. |
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Middle East Electricity News – Lighting industry business potential brighter than ever in the Middle East
May 23, 2007Latest figures just released by the Statistics Department of Dubai World show that Dubai’s trade in lighting equipment was worth in excess of US$345million in 2006, a year-on-year increase of almost US$49million, with imports valued at just under US$260million.
According to Adel Al Ashram, Senior Manager, Statistics Department, Dubai World’s Shared Services, “The UAE and the Gulf region are experiencing an ongoing period of prosperity. The substantial development we are witnessing in the retail, commercial and residential sectors is creating a requirement for an enormous amount of sophisticated lighting equipment and solutions. The population rise in Dubai and the rest of the UAE has also contributed to the robust health of the lighting business.”
The statistics also detail Dubai’s top five trading partners in the light fittings and equipment sector. Imports from China accounted for more than a third of the total and were worth US$88.7 million, followed by Germany (US$33.2 million), Italy (US$29.6 million), the United Kingdom (US$27.5 million) and the United States (US$14.8 million).
“In February 2007, Lighting at Middle East Electricity, the region’s largest and longest established showcase for the regional and international lighting industry, attracted over 19,960 visitors and featured over 250 lighting related companies,” said Sarah Woodbridge, Group Director Exhibitions at IIR Middle East, organisers of the event. “This further strengthens its position as one of the world’s most important trade exhibitions of lighting related products for the industrial, residential and commercial sectors.”
97% of the exhibitors at the 2007 show said that Lighting at Middle East Electricity immediately increased their business prospects, and were especially impressed with the high quality of the visitors attending the exhibition. “We found the visitors to be extremely focused and of a high quality – it’s an excellent platform to promote our products within the Middle East and beyond,” said Lee Sanderson of CU Phosco Lighting. This view was shared by many other exhibitors including Marie Johnston, of Johnston Lighting & Accessories, who said that the show “was a sensational success for us – we were amazed at the range and internationalism of the visitors.”
Designed with business generation as a primary objective, Lighting at Middle East Electricity is the place where the major deals in the region are struck. “The show has been fantastic – we have lost count of the number of leads that have come to us, and are negotiating some large scale supply contracts as a direct result of our participation,” said Unni Krishnan of Haji Commercial Co.
The result of the remarkable success enjoyed by exhibitors is that Lighting at Middle East Electricity 2008, which takes place from 10-13 February 2008 at Dubai International Exhibition Centre, is already attracting major space bookings from the leading regional and international names in the lighting sector.
“We’re anticipating massive growth in 2008,” added Woodbridge, “With the support of international organisations including CIBSE’s Society of Light and Lighting, the Lighting Association, IALD and Lighting Council Australia, we are already well underway with new developments that will even further increase the event’s effectiveness for both exhibitors and visitors.”
The business prospects in the lighting sector are impressive. Among the key highlights, more than US$45 billion has been allocated for the development of airports across the region, and projects planned or underway across the Middle East are now valued in excess of US$1 trillion. “Significantly, 96% of visitors to Lighting at Middle East Electricity 2007 confirmed that they would visit again in 2008 – without doubt their spending power will be bigger than ever,” concluded Woodbridge.
ENDS
For further information, please contact: Neil Tyrer, Partner
Integra – Integrated Marketing Communications
Office #502, 5th Floor, CNN Building, Dubai Media City, Dubai, United Arab Emirates
t: +971 4 3672886
f: +971 4 3661076
m: +971 50 6532854 neil.tyrer@integramarcoms.com
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East African Cables News – East African Cables maintains growth in profits
May 23, 2007| In the continuing world of increased profits for the global cable manufacturers, today’s news will be no surprise to everyone in the Industry. Kenya’s Leading cable manufacturer East African Cables maintains growth in profits, with an increase of 40% for the first quarter compared to the same time last year. For the full article please read on:
East African Cables maintains growth in profits |
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Regional cable and conductors’ manufacturer East African Cables has maintained its profit making streak managing to post a 40% increase in profit before tax in its un-audited quarterly results.
The cables manufacturing group which has been undertaking strategic business development projects to enhance its earnings has also managed to record a 68% turnover growth amounting to Kshs 752million.
Besides the turnover growth, EA Cables managed to post a Kshs 134 million profit growth up from Kshs 96 million posted during the same period last year.
Speaking when he released the firm’s quarterly results; East African Cables Chief Executive Officer Mr. Mugo Kibati confirmed that the firm’s new trading strategy was bearing fruit with further room for growth.
“Buoyed by our significant growth, we are convinced that we should step up our efforts to further entrench this new strategy which focuses on exploring new markets while extending our product range,” Mugo said.
And added: “for this very reason, we have increased our capital expenditure to fund such investments as a new state-of-the-art factory and related equipment.”
Commensurate with the investments, the firm has managed to raise its current assets base to Kshs 2.6billion up from Kshs 1billion.
Last year, East African Cables, the premier cables and conductors manufacturing concern in the sub-Sahara region managed to post a profit before tax profit of Kshs. 423 Million for the 2006 trading period, representing a 44 per cent rise in earnings over the previous years Kshs. 294 Million.
Despite the impressive results, East African Cables continues to face challenges arising from increased raw material prices coupled with high energy costs. |
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BP News – BP Makes Fourteenth Oil Discovery in the Ultra-Deep Water Block 31 Angola
May 22, 2007| In project news BP have made their 14th major oil discovery in the Ultra-Deep Water Block 31 Angola. For full details please read on:
BP Makes Fourteenth Oil Discovery in the Ultra-Deep Water Block 31 Angola |
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Sociedade Nacional de Combustíveis de Angola (Sonangol) and BP Exploration (Angola) Limited today announced the ’Cordelia’ oil discovery in ultra-deepwater Block 31, offshore Angola. Cordelia is the fourteenth discovery that BP has drilled in Block 31. The well is located approximately 3.5 kilometres to the south-east of the recently announced Miranda discovery.
Cordelia was drilled by the Jack Ryan drill ship, in a water depth of 2,308 metres, some 371 kilometres north west of Luanda and reached a total depth of 4040 metres TVD below sea level.
The well was tested at an operationally restricted flow rate of 2,063 standard barrels of oil a day (stb/d) through a 20/64 inch choke.
Sonangol is the concessionaire of Block 31. BP Exploration (Angola) Limited as operator holds 26.67 percent. The other interest owners in Block 31 are Esso Exploration and Production Angola (Block 31) Limited (25 percent), Sonangol E.P. (20 percent), Statoil Angola A.S. (13.33 percent), Marathon International Petroleum Angola Block 31 Limited (10 percent) and TEPA (BLOCK 31) LIMITED, (a subsidiary of the Total Group) with 5 percent. |
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