EW January 2011

corporate news

Nexans in discussions with Draka Holding NV

However, asset manager Ed Manie at Keijser Capital said that Nexans’ offer for Draka Holding NV could prove to be a hostile opening bid that could trigger a bidding war between Nexans and Italian rival Prysmian. While Draka’s big shareholder Flint Beheer, which owns 48.48% of the company’s shares, has backed Nexans’ offer, Manie believes that the remaining shareholders will await to see the further developments around the proposed acquisition. Draka and Prysmian cancelled last year’s merger talks as they could not agree on the major conditions of the deal. Nexans – France Fax : +33 15669 8484 Email : nexans.web@nexans.com Website : www.nexans.com Draka Holding NV – The Netherlands Website : www.draka.com • New refractory materials and installation practices • Baghouses: design; fires investigation • Filtration: molten metal; caster and process water • Shaft furnace burner combustion ratios and dissolved oxygen • Cathode impurities and rod quality • Wire break analysis and copper fines generation • Preventive maintenance: electronic drives; hardware and software solutions Registration is $395 for WAI members; $495 for non-members. The fee includes access to Interwire 2011 exhibits, technical programme and the opening reception. Wire Association International Inc – USA Fax : +1 203 453 8384 Website : www.wirenet.org quality activity. “Achieving the ISO 9000 certification at our Tianjin manufacturing facility represents an important milestone in solidifying our market position in China,” said Jack Miller, president, Alcan Cable. Alcan Cable – USA

Nexans has obtained the commitment of Flint Beheer BV, subject to certain conditions, to tender its shares of Draka Holding NV if Nexans makes an offer to acquire Draka Holding NV. Nexans has agreed to make a proposal to Draka Holding NV to negotiate an agreement for a recommended cash offer to purchase all of the outstanding ordinary shares of Draka Holding NV at a price of €15 per share, subject to certain conditions. Frédéric Vincent, chief executive officer of Nexans, said: “The contemplated transaction would contribute to the consolidation of the cable sector, improve the competitiveness of Nexans’ European asset base and reinforce its positions in specialty cables.” Nexans intends to begin negotiations with Draka Holding NV with a view to reaching an agreement as soon as possible. The Wire Association International (WAI) has announced its first Global Continuous Casting Forum for copper practitioners, to take place at Interwire, Atlanta, from 2 nd -5 th May. A total of 33 industry experts will lead the forum, which will comprise technical and operational presentations, interactive workshops and panel discussions, and will serve as a user’s group for all operations personnel involved with copper continuous casting. • Historical information on copper, continuous casting, wiredrawing and the vertical shaft furnace • Process overviews by Properzi, SCR, Contirod, and Upcast OY • New technologies: descaling; degassing; rod testing; scrap processing Forum topics will include: Alcan Cable, a business of Rio Tinto, has obtained the ISO 9000 international quality management system standard certification for its manufacturing facility in Tianjin, China. The ISO 9000 quality management system places primary emphasis on prevention, process control, and implementation of procedural management in every

First continuous casting forum

Alcan Cable achieves ISO 9000

Email : info@cable.alcan.com Website : www.cable.alcan.com

20

EuroWire – January 2011