wiredInUSA March 2017

Chairman resigns

Manufacturing changes

Wire and cable manufacturer Hu An Cable Holdings has revealed that chairman Dai Zhi Xiang has resigned, for personal reasons. The company said it is preparing an announcement on the resignation, and that details will be available as soon as possible. It was also said that certain assets of the Hu An Cable subsidiary Shen Huan Cable Co Ltd “were to be sold to a third party, pursuant to a bankruptcy auction in December 2016,” adding: “The company is in discussions with legal advisors in China to ascertain the veracity of this news and, if verified, the circumstances leading to the said bankruptcy auction.”

South Korean cable manufacturer LS Cable & System Ltd is to transfer its traditional cable making business to a smaller unit, to allow the company to focus on higher value future-growth businesses. The unit, Buildwin, currently specializes in windows and curtain walling. Expected to take until 2021, LS Cable & System will gradually move electric, offshore and communication power cable installation businesses, from both home and abroad, to Buildwin. LS Cable established Buildwin in 1997 through a partnership with the UK-based Mero-Schmidlin Plc, and acquired full ownership in 2005. The decision to transfer the cable unit to Buildwin is in line with LS Cable’s business strategy to focus on high value products, such as HVDC power lines, and products for the electric vehicle market.

wiredInUSA - March 2017

34