WCA January 2010

10 / 59

Wire & Cable ASIA – January/February 2010 8
AEI Compounds Ltd, a subsidiary of
TT electronics plc and a specialist
producer of cross-linkable and thermo-
plastic polymer compounds, is to move
its operations from its current base in
Gravesend to Sandwich, Kent.
The company will also be installing new
production capacity for its range of
environmentally friendly, low smoke,
halogen free (LSFOH) cable compounds.
The new line will be capable of
producing up to 1,500kg per hour.
Mark Shaw, managing director of
AEI Compounds, commented: “This
investment in our business and
technical capability is critical to our
strategy of continuing to lead in the
supply and development of high
performance flame retardant solutions
to the polymer industry.
“Our customers are based in all regions
of the world and with competition
increasing from low-cost developing
economies we need to stay ahead by
investing in the very best equipment
and personnel.
“Despite the current challenging market
conditions the business has continued
to perform well, with a strong operating
profit performance in the last financial
year backed by revenue growth of
27 per cent and volume growth of
21 per cent.”
The new facility in Sandwich will
allow the business to develop all of its
current activities and will house the
company’s comprehensive R&D and
technical centre.
The project is scheduled to be complete
by the end of February 2010.
AEI Compounds Ltd – UK
Email:
Website:
Investing in
new facilities
AEI Compounds facility in Kent, UK m m
Cable maker Prysmian has called off
talks to take over the Dutch company
Draka Holding NV. In separate
statements on 10th September 2009,
Prysmian and Draka said they could
not reach agreement on the main
terms and conditions.
The proposed takeover, first announ-
ced in late June 2009, could have
created a market leader worth over
€3 billion. When talks were first
announced, Prysmian was worth
about €1.77 billion, and Draka about
€325 million, according to data
from Reuters. By 10th September,
Prysmian’s worth was estimated at
around €2.5 billion and Draka at
€548 million.
The deal talks were unusual in the
current climate of tight credit and
global recession, but analysts
recognised the possibility of cost
savings from the takeover.
Prysmian – Italy
Website:
Draka Holding – The Netherlands
Website:
Takeover talks
called off
news