HIGHLAND HEIGHTS, Ky., Jul 14, 2008 (BUSINESS WIRE) — General Cable Corporation (NYSE: BGC) (the Company), a leading global supplier of wire and cable products for the energy, industrial and communications markets, announced today that it will consolidate the leadership of its North American operations. The North American operations will be managed by Gregory J. Lampert, who will serve as Executive Vice President of the Company and President and Chief Executive Officer, General Cable North America, effective August 1, 2008. “The combination of our North American operations under the leadership of Greg Lampert, a skilled and proven operating executive, will provide a more streamlined approach to our North American business, allowing us to serve our markets and our customers even more efficiently,” said Gregory B. Kenny, President and Chief Executive Officer of General Cable. “In addition to my ongoing operating responsibilities, the selection of a CEO for North America will allow me to further focus on our globalization strategy leveraging our manufacturing platform in 23 countries, selling in nearly every country of the world. In addition to the acquisition of Phelps Dodge International, recent activities have included entry into North Africa, China and India, as well as the expansion of our positions in Mexico and the Philippines.”
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General Cable Promotes Gregory J. Lampert to North American President and Chief Executive Officer
August 26, 2008
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General Cable Corporation to Webcast Discussion of its Second Quarter 2008 Results
August 26, 2008HIGHLAND HEIGHTS, Ky.–(BUSINESS WIRE)–July 15, 2008–General Cable Corporation (NYSE: BGC) will webcast a discussion of its second quarter 2008 earnings on Wednesday July 30, 2008 at 8:30 a.m. ET. Chief Executive Officer Gregory B. Kenny and Chief Financial Officer Brian J. Robinson will discuss the second quarter results. The news release detailing the results will be issued after the market closes on Tuesday July 29, 2008.
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General Cable Reports Second Quarter Results; EPS of $1.37
August 26, 2008HIGHLAND HEIGHTS, Ky.–(BUSINESS WIRE)–July 29, 2008–General Cable Corporation (NYSE: BGC), one of the most geographically diversified industrial companies, reported today revenues and earnings for the second quarter ended June 27, 2008. Diluted earnings per share for the second quarter of 2008 were $1.37, an increase of 28.0% from the adjusted earnings per share of $1.07 in the second quarter of 2007. Reported earnings per share for the second quarter of 2007 were $1.15 including approximately an $0.08 per share tax benefit primarily from the reduction of certain state deferred tax asset valuation allowances.
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Fluor Expands Operations; Opens New Alaska Office
August 26, 2008Fluor Corporation announced today the opening of its Alaska office in Anchorage to support projects in the region. An initial staff of 50 employees, backed by Fluor’s global workforce, will perform engineering, procurement, construction and maintenance services for the oil and gas, mining, and government sectors.
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Walsin Lihwa said to be entering LED market
August 26, 2008Taiwan based electric wire and cable maker Walsin Lihwa is going to join the LED market and placed an order for Aixtron AG MOCVD systems in the second quarter this year, with the systems being delivered this quarter. LED industry players indicated that Walsin Lihwa’s investment will target both upstream and downstream segments of the LED industry. However, Walsin Lihwa commented that MOCVD systems can be used for various purposes, so the move does not necessary mean it is entering the LED market.
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Leader secures RM700m orders
August 25, 2008SOUTH-EAST Asia largest’s cable and wire group, Leader Universal Holdings Bhd, has secured new orders, with an estimated value of RM700mil that is to be delivered over the next six months. Group managing director and chief executive officer Sean H’ng said the group’s cable and wire products catered for the power and telecommunications sectors both in Malaysia and overseas.
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Bell begins high-speed cable initiative
August 25, 2008Bell Canada will bring high-speed fibre-optic cables directly to new condos and apartment buildings between Windsor and Quebec City, the company said yesterday. The deployment is part of Bell’s plan to wire 2.4 million homes with high-speed Internet connections by the end of this year.
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Flexible Cables handle C-track and robotic applications
August 25, 2008Resistant to water, dust, shock, vibration, and range of ambient temperatures, SAI High Flex cables include PUR/PVC cable and halogen free PUR/PUR cable as well as slag-resistant PUR cables that endure twisting motion of robotic applications. UL and CSA approved products are available in 3-, 4-, and 5-pole versions as plug-and-play assemblies with M12 or M8 male or female connectors. They feature neutral black jacket that is oil, grease, and lubricant resistant.
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Foster Wheeler USA Wins Coker Contract for BP Whiting Refinery in U.S.
August 22, 2008Foster Wheeler Ltd. announced today that its subsidiary Foster Wheeler USA Corporation, part of its Global Engineering and Construction Group, has been awarded contracts by BP Products North America for the engineering, procurement and fabrication of a 102,000 barrels per stream day (bpsd) six-drum delayed coking unit and gas plant facilities at BP’s Whiting refinery in Indiana, U.S.
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Ithaca Energy Completes acquisition of Stella & Harrier discovery & Secures FPSO for Athena development
August 22, 2008Ithaca Energy Inc and its wholly owned subsidiary Ithaca Energy (UK) Limited is pleased to announce it has completed the acquisition of a 66.67% working interest in the Stella and Harrier Shallow discoveries; as well as secured the services of the ‘Uisge Gorm, a Floating Production, Storage and Offloading vessel (FPSO), for the development of the Athena Field. The successful conclusion to both of these agreements follows the completion of the recent equity financing.
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