MESC – Fujikura Cable Company takes the Cable Industry to new heights

July 23, 2007

Today in our manufacturing news we feature a press release from Middle East Specilized Cables and about their joint venture with Fujikura in setting up a new company in Jordon.  For full press details please read on:

MESC – Fujikura Cable Company takes the Cable Industry to new heights

MESC Specialized Cable Company has announced during a Gala Dinner celebration in Amman, the inauguration of a new manufacturing cable company in Jordan; “MESC – Fujikura Cable Company” for Low and Medium Voltage Power Cables. The company has been established as a joint venture between MESC Specialized Cables from Saudi Arabia, Fujikura Limited from Japan and Jordan New Company from Jordan with 20 Million Jordanian Dinars as paid capital and a total initial investment of M 35JD.

Speaking at the gala dinner, MESC’s Chairman, Mr. Abdul Aziz Al-Namlah said; “different factors have contributed to grasp this partnership particularly in Jordan”. Over the years Jordan has witnessed enormous economical growth and attracted various investment opportunities due to its political strategy and its geographical location among the GCC, Levant Countries and particularly Iraq where regardless of the actual undesirable situation, a total rebuilding movement is expected in the near future. Add to this its location that faces the East African countries that are just at the other side of the Red Sea.

Speaking at the gala dinner, MESC’s Chairman, Mr. Abdul Aziz Al-Namlah said; “different factors have contributed to grasp this partnership particularly in Jordan”. Over the years Jordan has witnessed enormous economical growth and attracted various investment opportunities due to its political strategy and its geographical location among the GCC, Levant Countries and particularly Iraq where regardless of the actual undesirable situation, a total rebuilding movement is expected in the near future. Add to this its location that faces the East African countries that are just at the other side of the Red Sea.

It has gone through seven consecutive expansions to increase its capacity, and expanded its wings to have regional offices and branches in KSA, United Arab Emirates and Jordan in addition to its presence in 11 countries and commercial activities throughout the world. Its holds nowadays a major share of the KSA market, a superior percentage in the GCC, in addition to its acquisition of JNC to complete its product range of Low Voltage Power Cables.

As one of its kind joint venture with Fujikura Limited, one of the world largest cable manufacturers, “MESC- Fujikura Cable Company” is yet another significant mark in the cables industry and a strategic decision for MESC to venture into the Medium voltage power cables industry. The commercial production is expected to kick off starting the third quarter of 2008 and annual revenue is expected to exceed 345 Million Saudi Riyals within the next few years, he concluded.

Mr. Abdul Raouf Bitar, Chairman of JNC Cables, said that the production facilities of the new joint-venture, is set in Mafraq Economic Zone, in respond to the directives of His Majesty King Abdullah to start developing the North area of the country. The project is also destined to bring great rewards for the people of Mafraq and its surrounding communities and will generate unprecedented industrial growth of the area.

“JNC Cables is a Jordanian public shareholding company and is considered one of the leading manufacturers of Low Voltage Power Cables and Wires in the Levant countries for more than a decade. The partial acquisition by MESC Specialized Cables allowed JNC Cables to take advantage of the well established presence of its new shareholder in the GCC region, particularly in Saudi Arabia, which led to the dramatic growth of the company by more than 10 times within the past 3 years. This growth is envisioned to multiply with the establishment of MESC-Fujikura Cable Company in Jordan, he added.”

Form his side, Mr. Masao Kawabata, Fujikura Senior Executive Vice President, noted that MESC – Fujikura Cable Company is a key player in bringing innovations and technologies to Jordan with the aim to enhance the country’s industrial production standards and contribute to the growth of its economy. The company will import its Japanese skills and know-how to help in local development and growth.

Founded in Tokyo in 1885, Fujikura Limited is one of the largest cable manufacturers in the world, producing all types of cables including fiber optics. Fujikura Limited is listed on the Tokyo Stock Exchange. The company has 72 consolidated subsidiaries.

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Subsea 7 wins US$45 Million contract for Jura Field

July 23, 2007
Today in our Subsea news we feature a $45 million contract award for Subsea 7 by Total for a contract at the Jura Field.  For full press details please read on:

Subsea 7 wins US$45 Million contract for Jura Field

 

Subsea 7 has been awarded a contract by Total E&P (Exploration & Production) UK Ltd for work in the Northern North Sea valued in excess of US $45 million for installation works in the Jura Field.

Subsea 7 is to design, fabricate and install a 3km long Pipeline Bundle System using the Controlled Depth Tow Methodology (CDTM) to tie-back the new Jura 1 and Jura 2 wells to the Forvie subsea manifold which exports hydrocarbon back to the Alwyn and Dunbar platforms.

 

Engineering has commenced in Subsea 7’s offices in Aberdeen. Fabrication is expected to commence at Subsea 7’s Pipeline Bundle fabrication facility at Wester Site in Wick, North East Scotland in October 2007.

 

Offshore operations are due to take place in early 2008 and will utilize a construction support vessel and a diving support vessel from Subsea 7’s fleet.

Robin Davies, Subsea 7’s North Sea Vice President stated, “It is an endorsement to Subsea 7’s technology and engineering expertise that Total E&P UK has chosen the CDTM method of installation for the Jura Field. It will also see a double insert manifold structure¹ being installed for the first time. I am delighted to say that the contract will also provide a number of additional job opportunities at our Wick site where a full project team will be engaged prior to the bundle launch in early 2008″.

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Abu Dhabi to finance US$10 billion port

July 19, 2007
Today in our shipbuilding and project news we feature a story from the Middle East and how there will be a $10 billion investment in the Abu Dhabi Port.  For full press details please read on:

  

Abu Dhabi to finance US$10 billion port

 

State-owned Abu Dhabi Ports Co. plans to spend about $10 billion building a port and a related industrial zone in the United Arab Emirates for which it will need financing, the firm’s CEO said on Wednesday. Abu Dhabi Ports may sell bonds, including sharia-compliant sukuk, to help finance the construction of the Khalifa Port & Industrial Zone, Chief Executive Officer Ahmed al-Calily told Reuters in a telephone interview.

 

The financing would also cover costs of a new residential district, he said.

 

“We are looking at a short-term and long-term financing,” Calily said. The long-term debt could include conventional bonds or Islamic bonds, he said.

 

The company plans to arrange a short-term loan before the end of the year and then decide on long-term financing, he said.

 

The project, located at Taweelah, about 35 km (22 miles) northeast of Abu Dhabi, is set for completion in early 2010.

 

Calily said the long-term financing could include conventional or Islamic bonds. ADPC has appointed HSBC Holding Plc to define the financial strategies. “We will identify each of the components, which will have their own funding structures,” he said.

 

Abu Dhabi is developing the project to encourage industrial expansion and reduce its reliance on oil. The industrial zone will allow foreign companies majority ownership, one of only two in the emirate. Non-Gulf Arab companies are otherwise entitled to a maximum 49 %.

 

The project will replace the existing Mina Zayed port in the UAE capital. The new port will have a first-phase capacity of two million 20-foot equivalent units (TEUs) rising ultimately to 8 million TEUs.

 

Four consortia have been shortlisted for the first phase construction package covering the dredging of 40 million cubic metres of material, Calily said, declining to name the groups. “The contract is in the order of $1 billion and will be awarded by the fourth quarter of this year.”

 

Abu Dhabi government investment arm Mubadala owns 100 % of Abu Dhabi Terminals, the operating arm of the Abu Dhabi Ports Co. Dubai Ports World, the world’s third largest port operator, will manage the Khalifa Port.

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Aggreko Becomes Temporary Power and Temperature Control Exclusive Supplier of the Beijing 2008 Olympic Games

July 18, 2007

Today in our manufacturing news we feature a press release from Aggreko who are now the official supplier of Temporary Power at the Beijing 2008 Olympic Games.  For full press article please read on:

Aggreko Becomes Temporary Power and Temperature Control Exclusive Supplier of the Beijing 2008 Olympic Games

The Beijing Organizing Committee for the Games of XXIX Olympiad (BOCOG) and Aggreko Plc announced today that Aggreko was named as the Temporary Power and Temperature Control Exclusive Supplier of the Beijing 2008 Olympic Games. 

According to agreement between BOCOG and Aggreko, Aggreko will provide the Beijing Olympic Games with temporary energy generation and delivery systems, temperature control systems, and related maintenance and repair services, and will receive certain marketing rights.

Having signed the Exclusive Supplier Agreement, BOCOG and Aggreko are now negotiating a contract under which Aggreko would install the temporary power to support the Beijing Olympic Games.

Mrs Yuan Bin, Director of the Marketing Department of BOCOG, outlined “Temporary power is critical to the success of the Beijing 2008 Olympic Games, and Aggreko has an outstanding reputation for technical expertise, service and the reliability of its equipment.” “We believe that with the strong support of Aggreko, the Beijing Games’ need of temporary power and temperature control will be fully met.” Yuan added.

Rupert Soames, Chief Executive of Aggreko, said “we are delighted and proud to have been selected by BOCOG as its temporary power and temperature control exclusive supplier.  Aggreko has been a supplier of temporary power to many of the world’s largest sporting events for many years, including the Olympic Games in Salt Lake City and Atlanta, and other major international events.”  

Note to Editors:
Aggreko plc is the global leader in the rental of power, temperature control and oil-free compressed air systems. Aggreko help customers in many different industries to improve and safeguard their operations by solving problems, creating opportunities and reducing risk.  Aggreko provides 24/7 availability and service support with more than 2,500 employees operating from over 100 locations in 29 countries.  In 2006, Aggreko served customers in 90 countries, and had revenues of approximately £540m.  Aggreko plc is listed on the London Stock Exchange (AGK.L) and headquartered in Scotland.

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GE Diversifies in Renewable Energy, Acquires One of Nation’s Largest Landfill Gas Projects, in California

July 18, 2007
Today in our Energy & Renewable news we feature a press release from GE who have acquired one of the largest landfill gas projects in California.

GE Diversifies in Renewable Energy, Acquires One of Nation’s Largest Landfill Gas Projects, in California

GE Energy Financial Services, the energy investing unit of GE (NYSE:GE), is diversifying its renewable energy portfolio by increasing its investment in one of the largest landfill gas-to-energy projects in the United States. GE Energy Financial Services acquired a 90 percent interest in a limited partnership that operates the Scholl Canyon Landfill gas project in Glendale from Scholl Canyon Landfill Gas Corp., an affiliate of Palmer Capital Corp., which will continue to manage and direct the operations.

 

No financial information about the transaction was disclosed.

 

The new GE investment, building on loans it acquired for the project in 2002, helps the environment by capturing and using methane, a powerful greenhouse gas that decomposing landfill waste emits. The methane would otherwise contribute to climate change. Clean air regulations require that the Scholl Canyon Landfill capture and destroy the gas. The project collects and treats more than 10 million cubic feet of the gas per day. The methane is then transported five miles through a dedicated pipeline to the City of Glendale’s 250-megawatt Grayson Power Plant, where it is combusted to generate electricity sufficient for 10,000 average California homes.

 

The project’s capture and use of methane results in a reduction of 615,000 tons of greenhouse gas emissions, equivalent to planting 150,000 acres of forest, removing more than 100,000 vehicles from the road, avoiding the use of more than 64 million gallons of gasoline or turning off almost 1 million 100-watt light bulbs.

 

Scholl Canyon, GE Energy Financial Services’ sixth US landfill gas project investment, is located at one of the 20 largest landfills in the United States. Since the Scholl Canyon Landfill opened in 1963, 26 million tons of trash have accumulated; at a rate of 1,500 tons of trash daily, the currently permitted site is projected to operate through 2019. The 535-acre site is owned by the City of Glendale, Los Angeles County and Southern California Edison, and is operated by the County Sanitation Districts of Los Angeles County. It collects trash from Glendale, La Canada Flintridge, Pasadena, South Pasadena, San Marino and Sierra Madre. Approximately 100 acres of the landfill – closed but still producing gas – have become a part of the community and include an 18-hole golf course, tennis courts, baseball fields and hiking trails. The collection of the gas helps maintain the environment for these recreational facilities and the surrounding residential neighborhoods.

 

“This acquisition draws upon our expertise in both renewable energy technology and project finance to help us diversify our renewable energy footprint and achieve our goal of investing $4 billion by 2010 in renewable energy,” said Kevin Walsh, Managing Director and leader of renewable energy at GE Energy Financial Services.

GE Energy Financial Services has made debt and equity investments in landfill gas-to-energy projects in three other states – New Jersey, Delaware and Rhode Island – and in a company that owns 11 projects in the United Kingdom.

 

The Scholl Canyon Landfill gas project began operating in 1994 and four years later it won awards from the Solid Waste Association of North America and the American Public Works Association. The US Environmental Protection Agency’s Landfill Methane Outreach Program has recognized Scholl Canyon as an exemplary project.

Garbage decomposing in landfills produces methane, a potent greenhouse gas with a warming potential 21 times greater than carbon dioxide. Combusting this methane greatly reduces its impact on the environment, and using it to produce electricity further cuts greenhouse gas emissions by avoiding the use of other fossil fuels.

 

This investment was made in the spirit of GE’s ecomagination program, the company’s commitment to expand its portfolio of cleaner energy products while reducing its own greenhouse gas emissions.

 

About GE Energy Financial Services

GE Energy Financial Services’ 300 experts invest globally with a long-term view, backed by the best of GE’s technical know-how and financial strength, across the capital spectrum and the energy and water industries, to help their customers and GE grow. With $14 billion in assets, GE Energy Financial Services, based in Stamford, Connecticut, invests more than $5 billion annually in two of the world’s most capital-intensive industries, energy and water. In renewable energy, GE Energy Financial Services is growing its portfolio of more than $2 billion in assets in wind, solar, biomass, hydro and geothermal power. For more information, visit www.geenergyfinancialservices.com.

 

About GE

GE (NYSE: GE) is Imagination at Work – a diversified technology, media and financial services company focused on solving some of the world’s toughest problems. With products and services ranging from aircraft engines, power generation, water processing and security technology to medical imaging, business and consumer financing, media content and advanced materials, GE serves customers in more than 100 countries and employs more than 300,000 people worldwide. For more information, visit www.ge.com.

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L&T wins contracts worth US$178 million in Gulf

July 17, 2007
Today in our Project news we feature a contract award from the Gulf region of how L&T from India won an award worth US$178 million.  For full press details please read on:

L&T wins contracts worth US$178 million in Gulf

 

Larsen & Toubro Limited (L&T) has won contracts worth $177.75 million for projects in the Gulf oil industry. Larsen & Toubro’s Modular Fabrication Facility (MFF) secured an order from Technip through international competitive bidding for the manufacture and supply of ten pre-assembled process modules for handling and processing of gas.

 

The order is valued at $44.95 million. These modules will be installed for the Abu Dhabi Gas Liquefaction Company Limited (Adgas) on Das Island.

 

The delivery of the modules is to be completed in 18 months.

 

The Indian group also won an order for a naphtha hydrotreater and reformer unit valued at $51.6 million from Enoc in Dubai. This project is scheduled to be completed within 16 months.

 

In Qatar, L&T secured a contract for the Pearl GTL project package C5 liquid processing unit (LPU) valued at $36.4 million from the Qatar Petroleum/Shell joint venture.

 

The time frame for completion of this project is 29 months.

 

L&T has also been successful in winning a $44.8 million contract from the Oil Tanking Company in Oman.

 

All these contracts were won against stiff international competition and competitive price bidding.

 

L&T, a $5 billion technology, engineering and construction company with global operations, is one of the largest and most respected companies in India’s private sector.

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New subsea construction vessel secured by Clough

July 17, 2007
 Today in our Subsea news we feature a press release from Clough who have entered into an agreement fo rthe construction of a new operated support vessel, for full press details please read on:

New subsea construction vessel secured by Clough

 

Clough Limited has entered into an agreement for an eight year charter of a new subsea operational support vessel. The as yet unnamed vessel will be ready for service in June 2008. Once operational the vessel will be deployed on various projects and contracts, primarily in the Australasian and SE Asian regions.

 

The vessel is an advanced multi-purpose subsea construction vessel, developed in cooperation with owner and yard. Measuring 117.35 meters long, with a beam of 22 meters, the vessel is being built with accommodation for 120 people.

 

The vessel is designed for construction, subsea operations, diving and ROV services and will have a work deck area aft of the ROV section of approximately 1150 m2. The vessel will be equipped with a fully integrated diesel electric propulsion system, dynamic positioning class DP2, a deepwater crane of 200T, an advanced ROV launch and recovery system for 2 Work Class ROV’s and a 12 man saturation diving system.

 

Mr. Kevin Cain, Chief Operating Officer of Clough’s Offshore Oil & Gas Business Unit welcomed the vessel acquisition.

“We are excited about the inclusion of this vessel into Clough’s subsea construction fleet,” said Mr. Cain.

 

“The vessel is a welcome addition to Normand Clipper and Clough’s pipelay crane barge Java Constructor, which is currently undergoing a major upgrade, and Clough Challenge.

 

“The installation of best-in-class equipment onboard the vessel means it will be able to compete in worldwide subsea construction markets.

 

“The vessel’s rapid deployment, large deck space and lift capabilities are expected to all contribute to the vessel becoming a key differentiator in the growing Australasian SURF and diving markets.”

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Fibre Optic Cable will create overcapacity in East African bandwidth

July 16, 2007
Today in our manufacturing news we feature a press release from Africa and how the introduction of a new marine based Fibre Optic Cable will not only provide bandwidth capaciity but it may result in over capacity.  For full press details please read on: Fibre Optic Cable will create overcapacity in East African bandwidth

 

There is growing concern among western telecommunication experts that the planned marine-based fibre-optic cable link could come at a high price to the service provider. Despite the latest news carried in the Daily Nation’s sister paper, The East African this week – that the Government had turned down a proposal by the US company Seacom for a joint venture in the regional project – there remains four groups bidding to participate. (see report yesterday). East Africa is the only region in the world not yet connected to the global broadband network, and hence Internet connection in the region is notoriously poor. But the respected Financial Times newspaper, in a special report on the issue, said that in the medium to long term, the establishment of a fiber optic cable could bring problems for an eventual provider. “Some prospective investors worry that East Africa could swing from being starved of bandwidth to having a glut,” the FT report says. “Seacom alone is expected to add 640 gigabites of bandwidth, yet Kenya today uses a mere 1.2 gigabites. “Sceptics say the African projects risk repeating errors made during the Internet bubble (in the UK), when over capacity and intense price competition forced several groups with rival transatlantic cables into bankruptcy.” Seacom has said its cable will be operational by 2009 while the Kenyan government says that its shorter cable will be completed by the middle of next year. The East African report says that the U.S. company is ahead of all the others, having signed an engineering procurement contract. If they are the first providers of broadband to Kenya they are likely to have a distinct advantage, making it difficult for other companies to compete.

Posted 16.7.7

3 Comments | Cable & Wire News, internet & Communications, Internet News | Permalink
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Northwire news – Northwire opens European office

July 13, 2007

Today in our manufacturing news we feature a press release from one of our Professional Marketing Clients, Northwire.  The US based cable and wire giant are continuing their expansion to the global market by opening a European office.  For full press article please read on:  

 

Northwire opens European office
 

Plans to provide made-to-order cable globally

OSCEOLA, Wis.—Northwire, Inc. has opened a European office in the Netherlands, meeting a largely unmet need for made-to-order cable among European customers.
            “Northwire is pleased to provide custom cable orders of all sizes, including small-quantity orders, to global customers,” says Ted Beach, director of sales, Northwire, Inc. “We are eager to impress European customers with Northwire’s unparalleled commitment to exceptional service, quick response and custom-configured cable solutions.”
            Northwire offers a complete line of rugged made-to-order fieldbus cable for industrial networks under the DataCELL® FIELD brand specifically developed for the needs of European customers — including PROFIBUS® PA (process automation), PROFIBUS DP (discrete process), Fieldbus Foundation H1 and AS-interface Cable.
            Northwire also offers Retractile Cords, DataCELL GEV-1000 Gigabite Ethernet Cable for machine vision and other industrial applications and DataCELL MVC-800 FireWire B Machine Vision Cable in standard and extended-distance lengths.
            For product samples or information or to request a quote, call Martijn Bosboom at Northwire’s European office: +31 548 659029 or in the United States, call +1 715-294-2121, or visit www.northwire.eu
            Northwire, Inc. is an industry leader in the design and manufacture of industrial-grade technical cable. Custom design choices include paired, non-paired, triads, various shielding and grounding options, special insulation options, and a variety of conductor and jacket materials and colors. Northwire celebrates its 35th anniversary in 2007.

###

Northwire, Inc.
110 Prospect Way
Osceola, WI 54020
800-468-1516
+1 715-294-2121
www.northwire.eu 

Northwire Europe
Martijn Bosboom,
Northwire European Sales Manager
Ninaberlaan 83
7447 AC Hellendoorn
The Netherlands
Tel. +31 548 659029
Fax. +31 548 659010
E-mail: europe@northwire.eu

Please send any leads generated from this press release to Tes Olson at tes.olson@northwire.com.

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Total chosen as Shtokman partner by Gazprom

July 13, 2007
Today in our oil & gas and project news we feature a press release about Gazprom coming to the decision on the choice of foreign partner in the Shtokman field development, and named the French giant, Total.  For full press details please read on:

Total chosen as Shtokman partner by Gazprom

 

“Gazprom has made a decision on the choice of a foreign partner to implement the initial phase of Shtokman field development, and named French Total S.A. as such. A respective agreement is to be signed in Moscow tomorrow,” declared Alexey Miller, Chairman of OAO Gazprom Management Committee.

 

“The initial field development phase envisions production of 23.7 bcm of natural gas with the startup of gas supply via the pipeline due 2013, and liquefied natural gas production – 2014. To organize engineering, financing and construction activities within the framework of the project, a special-purpose company is to be established, and subsequently it will become the owner of the initial phase infrastructure. The stake of Gazprom in the new company’s authorized capital will be 75 percent, while that of Total will be 25 percent,” said Alexey Miller.

 

He noted, that “there exists an opportunity to include one more or several foreign partners with an additional stake up to 24 percent, due to possible reduction of the Gazprom involvement. In any case, Gazprom will retain control over no less than 51 percent of the shares in the special-purpose company as well as 100 per cent of the shares in the company – owner of the field license, and will also be the owner of the whole amount of hydrocarbons to be extracted”.

 

Alexey Miller mentioned that “the agreements we have reached represent another crucial step in the development of mutually beneficial cooperation and partnership between Gazprom and the world’s largest energy companies”.

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