WCA March 2011

Industry news

Ramsarup Industries, the wire and TMT bar manufacturer, is going for corporate debt restructuring (CDR) to attract private equity investment. Debt restructure in a bid to lure private equity

Nexans has completed a €9m contract for Hyundai Engineering and Construction to supply power and communication cables feat- uring advanced, environmentally friendly insulation technology for GASCO’s Habshan 5 Utilities and Offsites project in Abu Dhabi. Around 345km of Nexans Medium Voltage (MV) and high voltage (HV) and communications cables featuring either HFFR or HYPRON ® insulation have been installed. The integrated gas development project at Habshan will have four gas processing trains with total processing capacity of 2,000 million cubic feet per day. After commissioning of these facilities, the new Habshan 5 complex will produce 900 million cubic feet of sales gas, 12,000 tonnes per day of natural gas liquids and 5,000 tonnes per day of liquid sulphur. €9m contract for Nexans Two Davis-Standard employees have died following a light plane crash near Midlothian, Texas, USA. Long-time employee Stephen Vannais and valued sales representative James Polewchak died in the 5 th January crash. Mr Vannais was a veteran of the wire and cable industry for over 36 years – 16 of those at Davis-Standard where he operated out of his home office in Mooresville, North Carolina. He is survived by his wife, Beth, and his son, Eric. Mr Polewchak was the president of JP Industrial Technologies, Inc, located in Midlothian, Texas. He is survived by his wife, Kelly. Company mourns employees after light plane crash Davis-Standard LLC – USA Fax : +1 860 599 6258 Email : info@davis-standard.com Website : www.davis-standard.com Nexans – France Email : info@nexans.com Website : www.nexans.com

The company currently has Rs1,800 crore debt in its books, out of which 95% has been put under the CDR mechanism.

The Calcutta-based company plans to become a completely integrated player in the steel sector in the next year and is currently building a steel plant at Kharagpur in West Bengal.

Ramsarup Industries – India Fax : +91 33 2242 1888 Email : wire@ramsarup.com

Website : www.ramsarup.com

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Wire & Cable ASIA – March/April 2011