EoW July 2011

corporatenews

€33m deal for Nexans

NeXANS a €33 million contract by Terna – Italy’s electricity transmission grid operator – to manufacture, install and test approximately 250km of 150kV high-voltage (hV) aluminium underground cables and accessories for power development projects in the Lazio, Basilicata and Campania regions. The projects form part of Terna’s ten-year investment plan (2011-2021) to enhance Italy’s power infrastructure. The cables supplied will feature a 1,600mm 2 aluminium conductor cross section with anti-explosion outdoor sealing ends. Starting in April 2011, they will be installed in a two-year project to create three separate double circuits. connect substations in Montalto di Castro with Canino (total cable length: 130km); an has been awarded The Nexans cables will

overhead line in Rotonda-Pisticci with a substation in Aliano (total cable length: 73km); and a substation in Avellino with a power station in Pratola Serra (total cable length: 49km). “This contract is the latest development in the long-term relationship between Nexans and Terna to help support it with its future plans to develop Italy’s power transmission infrastructure,” said Giovanni Fenoglio, sales and marketing director of Nexans in Italy. “It is yet another example of Nexans’ ability to serve the market with cost effective and innovative solutions that meet local requirements, such as the aluminium cables that are now used on a large part of 150kV hV projects in Italy.” Nexans – France Email : info@nexans.com Website : www.nexans.com

clean wire before annealing

Quaker Chemical Corporation has announced net sales of $159.9 million and earnings per diluted share of $0.91 for the first quarter of 2011, up 25 per cent and 8 per cent, respectively, compared to net sales of $128.3 million and earnings per diluted share of $0.84 for the first quarter of 2010. Michael F Barry, chairman, chief executive officer and president, said: “We are off to a good start in 2011, despite the continuing challenge of escalating raw material costs. Net sales up 25 per cent “however, our profitability continues to grow due to good demand in our base markets, new business gained and the contribution from our recent acquisitions.” Mr Barry added: “Despite the uncertainties in the raw material markets and global economies, our goal for 2011 remains to build upon the profitability we achieved in 2010. “With our leadership positions in both the emerging and mature markets, as well as our organic and external growth opportunities, I remain confident in our prospects for 2011 and beyond.” “We are and will be implementing additional price increases as part of our ongoing effort to restore our margins to more acceptable levels.

candor

can do wire equipment

Electrolytic plating ◆ Candojet hot water cleaning ◆ Electrolytic & Ultrasonic ◆ degreasing Welding wire cleaning and ◆ copper coating Pickling & phosphating ◆

Quaker Chemical Corporation – USA Email : info@quakerchem.com Website : www.quakerchem.com

CANDOR Sweden AB Tel: +46 11 21 75 00 Email: info@candorsweden.com Fax: +46 11 12 63 12 Website: www.candorsweden.com

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EuroWire – July 2011