EUROPE NEWS
wiredInUSA - December 2011
23
Leoni AG, a maker of wires and optical
fibers based in Germany, has reported
a sharp rise in its third-quarter net income,
reflecting increased demand from the
automotive and capital goods industries.
Third-quarter net income increased
to €32.9 million and revenues for the
quarter rose 27 percent to €913.1 million.
The Wiring Systems division recorded
increased sales of €474.5 million,
compared to €384.4 million the year
before, with the company increasing
its shipments of cable harnesses
and wiring systems to international car
and commercial vehicle manufacturers.
Sales from Leoni’s Wire & Cable Solutions
division increased amid strong worldwide
growth in the automotive cables business
and cables for automation technology
and infrastructure projects in Europe.
In response to the increased demand,
the company increased its workforce by
3,883 workers, taking the total to 59,039.
Leoni’s
Q3 report
LIOS Technology provided two major
North European utilities, Fingrid Oyj and
Svenska Kraftnät, with its multimode
Distributed Temperature Sensing (DTS)
system to monitor the HVDC subsea link
between the two utility grids.
The electricity transmission connection
crosses the Gulf of Bothnia between
southern Finland and Sweden.
The Fenno-Skan 2 HVDC project
creates a new 800MW, 500kV subsea
electricity transmission connection
following a 200km route. It forms a bipolar
arrangement with the existing 550MW,
400kV Fenno-Skan link, commissioned
in 1989, to provide a 40% increase
in power transmission capacity
between the two countries.
The DTS systems provide real-time
distributed temperature sensing
of the HVDC interconnecting subsea
cable and land cables on both sides,
ensuring a safe and stable grid operation.
Subsea link
monitoring
