WCA July 2007

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Industry News
12 Wire & Cable ASIA – July/August 2007
Nexans opens new plant
in China
Nexans, France, held a grand opening
ceremony on 22nd March to mark the
official start of production in Nanning,
Guangxi Province, China.
The new plant, Nexans’ third wholly-
owned facility in the country, produces
telecommunication and signalling
cables for the railway infrastructure
market, and represents a major step in
improving Nexans’ geographic cov-
erage of China.
Initially Nexans Nanning will mainly
manufacture copper telecom cables
used in switching, transmission and
DSL access for fixed and mobile
networks, including multi-pair cables
for both indoor and outdoor telecom
applications.
To take advantage of the rapid
expansion of conventional tracks and
high speed lines in China’s rail network,
the new plant will also start offering
railway signalling cables (station range
access cables, signalling and control
cables, axle counter and balise cables).
At the opening, Mr Michel Lemaire,
executive vice president Asia-Pacific
Area, said: “We see huge growth in
telecom and data cable production as
well as system applications in China.
“That’s the reason why the Group has
not hesitated to invest in order to have
local large-capacity production plants
in the most strategic locations.
“The setting up of a new factory in
Nanning fits into this business logic.”
Nexans entered the Chinese market
in the mid-1980s, and has three
wholly-owned plants in China
producing telecom, LAN and special
industrial cables, a logistics centre
and three sales offices in Shanghai,
Beijing and Hong Kong.
Nexans – France
Fax : +33 15669 8484
Email:
Website:
The opening ceremony of the Nexans Nanning plant ▲
The annual report of Xinhua Metal
Products Co, Ltd, China, issued
on 28 th March, stated that the
company’s total production was
177,400 tons, an increase of 26.52%
compared to last year. Consolidated
sales revenue was 1,005 million
RMB, an increase of 21.55%, while
net profit increased 69.73% to
53.673 million RMB.
An announcement about important
related party transactions was
issued on 2nd April, specifically a
non-open issuing of new stock – not
more than 1,310 million shares.
The main share holder, Xinyu Iron
and Steel, will buy at least 70%
of the new shares, which are not
transferable in 36 months with its
main assets. The other parties will
pay an amount not more than two
billion RMB. Their shares will be not
transferable in 12 months.
The par value of the new shares will
be one RMB and the price will not
be less than average stock price
(code 600782 on the Shanghai
Stock Exchange) of 20 days before
announcement – not less than 5.373
RMB per share.
The final price will be decided based
on market situation and negotiating
with the underwriter.
The cash will be used for five
projects, such as investment in
manufacturing of wire and cable,
including low relaxation pre-
stressing steel strand, galvanising
wire for pre-stressing, special
conductor and oil-tempered spring
wire, and the first phase of a
1,580mm sheet steel project, from
agglomeration to hot and cold
rolling mill.
Xinhua Metal Products Co, Ltd
– China
Fax: +86 790 6460 999
Email:
Website:
70% rise in profits from Xinhua Metal Indonesia’s commitment
over global tin supply
Following discussions with tin industry
body ITRI, Indonesia’s Minister of
Energy and Resources, Professor
Purnomo Yusgiantoro, stated that
Indonesia will make every effort to
maintain tin supplies to the global
market.
Indonesian production has sharply
reduced since last October by official
efforts to regulate small-scale mining
and independent smelter operations.
ITRI estimates that its refined tin
production this year will amount to
90,000 tons, down from more than
125,000 tons in 2006.
ITRI Ltd – UK
Fax: +44 1727 871 341
Email:
Website:
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