WCA September 2008

news

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.

Order for cold rolling mill

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.

Nexans – France Fax : +33 15669 8484 Email : nexans.web@nexans.com Website : www.nexans.com

SMS Demag AG – Germany Fax : +49 211 881 4386 Email : thilo.sagermann@sms-group.com

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Wire & Cable ASIA – September/October 2008