FTC continues to probe number of alleged Japanese Wire & Cable cartels through 2010
The leading Japanese newspaper The Yomiuri Shimbun has reported on the continued FTC probes into a number of alleged Japanese Wire & Cable cartels through 2010.
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Prysmian Reveals Telecom Cable Expansion Plans For China And India
Global cables giant Prysmian has revealed plans to grow its market presence in both China and India as part of a global expansion programme. Speaking at the FTTH Council conference in Lisbon, the group’s telecoms business director Hakan Ozmen said that although Prysmian already had facilities in China and major customers including China Unicom, China Telecom and China Mobile, he was looking for new partners as part of a bid to increase market share
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Integer completes Russian cable market survey
Integer Research has recently completed its regional survey of the Russian Cable Sector. The regional survey is a regular feature in the Wire and Cable Quarterly Insight Report. Recent surveys have covered China, ASEAN and the Middle East.
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Draka posts net loss of €18.2 million in 2009
Draka saw its revenues drop by 27.6% in 2009 to €2,048 million, reflecting an 18% decline in volumes and a 9% negative effect of the lower average copper price compared with 2008. It also reported a net loss for the year of €18.2 million in 2009, against a net profit of €69.3 million in 2008
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CommScope Q4 profit in line, sees weak Q1 revenue
Communications cable maker CommScope Inc posted an in-line quarterly profit, but forecast first-quarter revenue below market expectations
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Nexans profits drop in 2009, sees slow start to 2010
Nexans, the French cable maker predicted a slow start to business in early 2010 after a slump in industrial demand for its cables dragged its 2009 operating profit margin sharply down
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Japanese Wire and Cable shipments finally increase yr-on-yr in January 2010
Japanese copper wire and cable shipments rose 2.5% year-on-year to an estimated 54,000 tonnes in January 2010.
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Prysmian moves into Middle East market
In January 2010, Prysmian announced that it had taken a majority 51% controlling stake in the Indian cable maker Ravin Cables for an overall investment of around €26 million.
