General Cable continues to focus on its key growth markets in 2010. The company has been shutting some North America cable plant, whilst expanding in others in Latin America and Asia.
The company has confirmed that it has not re-opened its Moose Jaw cable plant, Saskatchewan, Canada. The plant was shut down in 2009 and not reopened in December 2009. The plant had been highly efficient, and had even one a number of awards, but it was small scale and it suffered from its geographical location. At the same time, the company has confirmed that it has begun making submarine power cable at its plant in Nordenham, nothern Germany. The cable is being used in a link to the island of Heligoland, in the north Sea.
The company is also adding to its recent acquisition in South Africa, building two Greenfield power cable facilities. One is in India, and one is in Peru. The Peruvian operation comes after the Phelps Dodge acquisition, and the new plant will compete with Nexans operations, that it acquired from Madeco.
