WCA March 2013

Hu An Cable lands RMB105.6 million worth of contracts

hydroelectric power plants across China, such as the 20MWp grid- connected photovoltaic power plant in Shanshan, Xinjiang and the 30 th wind farm project in Changling, Jilin. Commenting on the contract wins, Mr Dai Zhixiang, executive chairman and CEO of Hu An Cable, said: “Our high success rate of bids once again proves our technology advantages, quality assurance and brand recognition among our customers.

We expect to benefit from the Chinese government’s continuous and reinforced commitment to renewable energy.” The Chinese central government planned to spend RMB170 billion in FY2012 to promote energy conservation, emission reductions and renewable energy in its latest statement by the Ministry of Finance. China is the world’s biggest emitter of carbon dioxide (CO 2 ) and is reported by the International Energy Agency (IEA) to have reached its highest ever-recorded level in CO 2 emissions in 2011. China targets to cut its greenhouse gas emissions by 40-45% in 2020 compared to levels in 2003, and aims to boost its use of renewable energy to 15% of overall energy consumption. Hu An Cable – China Website : www.chinahuancable.com CMI to supply cold rolling mill to Tezcan CMI FPE Ltd, one of CMI Industry’s Indian subsidiaries, has entered into a new agreement with Tezcan Galvaniz AS, Turkey, for the design, manufacture and supply of a 6 Hi reversing cold rolling mill. This is the second 6 Hi mill of CMI FPE in Turkey. The mill has a total capacity of 350,000 tons per year. It is suitable for 1,350mm wide coils and 1,400mpm process speed. The mill will be equipped with Level2 automation and automatic flatness control system and will be commissioned within 17 months. Jean Gourp, managing director of CMI FPE Ltd: “This second contract for 6 Hi mill in Turkey establishes the acceptance by the Turkish market of the reliability and quality of cold rolled steel CMI FPE mills can offer. “This is also the beginning of an excellent business relationship between CMI & Tezcan.” CMI FPE – Belgium Website : www.cmigroupe.com

Hu An Cable Holdings Ltd, one of the top 10 wire and cable manufacturers in China, has won RMB105.6 million worth of contracts from China’s top-five power generation company, China Power Investment Corporation. These new contracts, signed under the group’s wholly-owned subsidiary, Wuxi Hu An Wire And Cable Co Ltd, comprise the delivery of various power cables to 25 wind, solar and

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Wire & Cable ASIA – March/April 2013