EW January 2011

24 / 88

EuroWire – January 2011 22
corporate news
General Cable Corporation has acquired BICC
Egypt.
BICC Egypt manufactures a wide variety of wire
and cable products for the electrical markets
including low voltage insulated power and
control cables, building wire, instrumentation
cable, halogen free power and control cables,
and overhead power cables. In the last 12
months, the business reported revenues of
approximately $30 million.
The acquisition of BICC Egypt furthers General
Cable’s geographic expansion by establishing a
production and commercial base in the region.
The company believes the demand for wire
and cable products in Egypt will continue to
grow faster than many other nations due to
increasing investment in infrastructure and
power generation projects.
Egypt continues to invest heavily in large-scale
transport, construction, power generation, and
transmission and distribution infrastructure.
General Cable Corporation – USA
Fax: +1 859 572 8458
Email:
Website:
General Cable acquires
BICC Egypt
Nexans has completed a major step in
the development of its joint venture
in Qatar – the Qatar International
Cable Company (QICC) – with the
start-up of commercial production
at the new cable plant in Mesaieed
Industrial City, around 40km from the
capital, Doha.
The plant employs more than 100
people and is expected to generate
a volume of business of over $100
million by 2011.
The new QICC plant is focused on
the manufacture of low, medium and
low-end high voltage power cables
for energy infrastructure and building
projects, as well as special cables for
the oil and gas industry.
It has a current total floor space
of 19,000m2 on an overall plot of
70,000m 2, and a strategic location
close to a harbour that is being
developed as the largest in the
Middle-East.
“The opening of this flagship plant
in Qatar is a key strategic step that
enables Nexans to address the
specific needs of the buoyant and
growing market in the Gulf coast
countries,” said Frédéric Vincent,
chairman and CEO of Nexans.
Nexans – France
Fax: +33 15669 8484
Email:
Website:
Nexans QICC joint venture
in Qatar starts commercial
production
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