WCA November 2010

13 / 98

Industrynews
Wire & Cable ASIA – November/December 2010 11
Major contracts for Thai
subsidiary
Asia Pacific Wire & Cable Corporation Ltd (APWC), a leading manufacturer of wire
and cable products for the telecommunications and electric power industries in
selected Asia-Pacific markets, has announced that one of its Thai subsidiaries,
Siam Fiber Optics Co Ltd, has signed several major contracts with local companies
and state-owned telecommunication companies for a total value of Baht 592
million (approximately $18.4 million).
The contracts include:
A contract with Marubeni Thailand Co Ltd to deliver 5,650km of fibre-optic •
cable over a seven-month period
A THB 121 million ($3.8 million) contract to deliver 2,794km of fibre-optic cable •
to TOT Public Company Limited, a state-owned telecommunications company,
which commenced in May 2010
Two contracts from Thai Transmission Industry Co Ltd to provide 4,130km •
ADSS and 4,324km dropwires of fibre optic cables in an effort to link the
telecommunication network for all the domestic universities in Thailand
totalling THB 258 million (approximately $8 million) over approximately
14 months
Siam Fiber Optics Co Ltd is 60% owned by Charoong Thai Wire and Cable Co,
and the latter is 51% directly or indirectly owned by APWC. The other three
non-controlling interest parties own the remaining 40% of Siam Fiber Optics Co
Ltd.
Asia Pacific Wire and Cable Corporation is pleased by the strong demand for the
telecommunications products in Thailand, viewing the contracts as representative
of stable growth in the telecommunications cable business. The company
anticipates continued strong demand for wire and cable, together with the
expansion of telecommunications and electrical infrastructure in the growing
Asia-Pacific region.
Asia Pacific Wire & Cable Corporation Ltd – Taiwan
Website:
Siam Fiber Optics Co Ltd – Thailand
Website:
Return to Bangkok 2011
wire Southeast Asia will return to Thailand in 2011, at a time when strong
economic growth of 5.8% is said to be forecast for the country. Neighbouring
countries including Vietnam and Indonesia expect growth of over 6% and
sustained growth in the ASEAN economies is anticipated, driven by both export
and domestic consumption.
The World Steel Association has indicated that ASEAN’s steel consumption,
estimated at 42 million tonnes in 2009, is expected to reach 49 million tonnes in
2011. Countries in the ASEAN region require huge investment in infrastructure,
demanding extensive inputs of wire and cable products. In Thailand, for example,
automobile production is projected to grow from around 908,000 vehicles in 2009
to over 2.5 million in 2014, and Vietnam is investing heavily in oil and gas, with
refining capacity set to almost double by 2014.
In 2009, despite the challenging economic environment of the time, wire
Southeast Asia concluded on an optimistic note and the trade fair was
well supported by exhibitors, trade visitors, buyers and industry associations.
Organisers of the 2011 show, to be held 13th to 15th September, have already
secured over 300 exhibitors from 30 countries.
Messe Düsseldorf Asia Pte Ltd – Singapore
Fax: +65 6332 9655
Email:
Website: