WCA September 2008

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news
Wire & Cable ASIA – September/October 2008 11
Nexans’ Intercond
acquisition
Nexans has signed an agreement for the
acquisition of the Italian company Intercond, a
European manufacturer of special cables, mainly
for industrial equipment including subsea
activities.
The acquisition of this company, which had total
sales of €60 million (at current metal prices) in
2007 and currently employs 150 people,
complements Nexans’ existing business units
based in Europe.
The € 90 million Enterprise Value agreed by both
parties corresponds to five to six times the
expected 2008 EBITDA (before synergies).
This operation will be accretive in the first full
fiscal year.
“This acquisition fits totally into Nexans’ strategy
by increasing the portion of our business in high
value-added special cables,” said Gérard
Hauser, chairman and CEO of Nexans.
Nexans – France
Fax: +33 15669 8484
Email:
Website:
Chinalco Shanghai Copper Co Ltd of China has awarded
another contract to SMS Demag for the supply of a new X-Roll®
cold rolling mill.
The CVC plus® six-high reversing cold rolling stand will be
integrated into the Shanghai works and is to roll strips made of
copper and copper alloys.
The reversing cold mill rolls 880mm wide strips from 4mm entry
gauges down to a minimum final gauge of 0.15mm.
The mill is designed for an annual capacity of around 107,000
tons. Narrow thickness and flatness tolerances as well as
exacting surface qualities characterise the products generated
in this manner.
SMS Demag’s order includes all the engineering, the supply of
all mechanical components with all the necessary utility
systems, as well as the complete X-Pact® electrical and
automation equipment, including control systems and a Level II
model.
SMS Demag AG – Germany
Fax: +49 211 881 4386
Email:
Order for cold
rolling mill