wiredinUSA September 2013

Subsea to South East Asia

Lihua Q2 results

Trident Subsea Cable has unveiled its plans for a link between Perth and Singapore via a 4,600km subsea cable passing through Onslow, in the Pilbara, and Jakarta in Indonesia. It also outlines the construction of a subsea cable around the North West shelf and an onshore connection between Perth and Port Hedland. The project is expected to provide a major boost to Western Australia’s telecommunications connectivity. Trident says it will allow the state government, as well as Western Australia’s mining, oil and gas sectors, to use the infrastructure, and will provide a data center co-location in the state. State commerce minister Michael Mischin hailed the private sector initiative as making a vital contribution to the telecommunications infrastructure of Western Australia, and facilitating the operations of multinational corporations in the region.

Lihua International Inc, the Chinese developer, designer, and manufacturer of alternatives to pure copper products, including refined copper products, copper wire and copper clad aluminum wire, has announced financial results for the second quarter, ended 30 th June 2013. Mr Jianhua Zhu, Lihua's founder, chairman and CEO, commented on the report: “We continued to experience solid demand from our customers in the second quarter, which resulted in a year-over-year increase of more than 37 percent in overall sales volume. We are actively working to leverage untapped sales opportunities in our primary end markets and are excited by the prospects of further diversifying our customer base and better positioning Lihua for long-term, sustainable growth. “Overall, we are very pleased to have completed the second quarter with revenue of $246 million and net income of $16 million, each of which represent meaningful improvements over a year ago."

wiredInUSA - September 2013

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