EW January 2011

corporate news

Nexans QICC joint venture in Qatar starts commercial production

General Cable acquires BICC Egypt

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

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 : nexans.web@nexans.com Website : www.nexans.com

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 19,000m 2 on an overall plot of 70,000m 2 , and a strategic location close to a harbour that is being

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Email : info@generalcable.com Website : www.generalcable.com

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EuroWire – January 2011