wiredinUSA July 2014

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Sarawak Cable Berhad will acquire 100 percent of Universal Cable Bhd (Universal Cable) and Leader Cable Industry Bhd (Leader Cable). In a filing to Bursa Malaysia, Sarawak Cable proposed to acquire all the remaining interests in the two cable companies from HNGCapital SdnBhd(HNGCapital) through a combination of cash and the issue of new ordinary shares in the company. The principal activities of both Universal Cable and Leader Cable are the manufactureandsaleoftelecommunication and low and high voltage power cables. More cable companies change hands

Suzhou Furukawa Power Optic Cable, a subsidiary of Furukawa Electric, has secured a contract to provide optical ground wire (OPGW) and fittings for Nalcor Energy’s power transmission project in Canada. and 1,100km of OPGW for the project to connect an 824MW hydroelectric power plant in Labrador with a substation in Newfoundland. Furukawa said its technology will enable the project to cope with temperatures of –50ºC, as well as severe conditions of snow and icing. Furukawa Electric director and vice president Hiroyuki Otake said: “We are proud to work with Nalcor Energy on this great project.” The company is targeting the global environmental infrastructure market, which is expected to have significant growth. Mr Otake said the company has already made significant inroads in the North American renewable energy market. Taking on the temperature for Canadian project Suzhou will provide all-dielectric self-supporting cable (ADSS)

ASIA / AFRICA NEWS

wiredInUSA - July 2014

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