wiredinUSA September 2011

INDEX

Picture: Jan Flaska

Encore Wire announces cash dividend

Only the name changes at Dow

Dual Block goes underground

Daniel L Jones, president and CEO of Encore Wire Corporation, has announced a two per cent share dividend to be paid on 21 st October 2011. He continued, “ Any future quarterly dividends will be paid subject to earnings and cash flowconsiderations. We appreciate our stockholders’ commitment to the continued growth of Encore Wire. We will continue to manage the Company for the long-term and strive to protect our strong balance sheet.” Encore Wire Corporation manufactures a broad range of copper electrical wire for interior wiring in homes, apartments, manufactured housing and commercial and industrial buildings.

Hendrix Wire & Cable has launched Dual Block, a dual water-blocking product for Hendrix primary underground cable. Water entering the cable core can lead to premature failure. Hendrix Dual Block is developed to help prevent this from occurring. A fill compound is continuously applied into the conductor interstices, to prevent longitudinal water migration, while a water-swellable powder is applied under the polyethylene jacket. This powder prevents water from migrating along the neutral wires, beneath the jacket. Used together, these two applications provide a reliable barrier that prevents water from entering the cable core. Dual Block is an option for all Hendrix stranded conductor cables.

With a growth strategy that moves beyond technology and materials for wire and cable jacketing, insulation, semiconductive and specialty compounds for the power and telecommunications markets, Dow Wire & Cable has made the decision to change its business name to Dow Electrical & Telecommunications. “Electricity and electrical components areacommon denominator across all power and telecommu- nications resources. After six decades serving these important markets, the time is right to leverage the Dow portfolio in an even wider capacity to bring new technology and products to market,” said Tim Laughlin, general manager, Dow Electrical & Telecommunications.

Takeover of existing power line project

Canadian energy company Enbridge has entered into an agreement to acquire Tonbridge Power whose main business involves a power line project between Montana and Alberta. Enbridge will buy all outstanding common shares of Tonbridge for C$20m ($20.36m) through a plan of arrangement. The company will also repay about C$50m ($50.9m) of debt incurred in the development of the Montana-Alberta Tie-Line power transmission project being developed by Tonbridge. Enbridge said it will be entitled to receive about C$9m

($9.16m) in a combination of cash and warrants if the arrangement is not completed in certain circumstances. The company will inject further funding to complete the first 300MW phase of the transmission line as well as a low cost expansion to 550-600MW. The total cost to Enbridge for both phases of the power line project will be about C$300m ($305m), the company said. The Montana-Alberta Tie-Line project is a 345km power line linking Great

Falls, Montana with Lethbridge, Alberta.

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wiredInUSA - September 2011

wiredInUSA - September 2011

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