wiredinUSA March 2014

41 / 72

wiredInUSA - March 2014 41 ASIA / AFRICA NEWS
PrysmianGrouphas completedoperations
for the construction and execution of a
submarine power cable link to connect
Phu Quoc Island to the national power
grid in Vietnam.
Phu Quoc Island is situated 45km west
of Ha Tien town, Kien Giang province in
southern Vietnam. The submarine cable
link will play a major role in the province’s
2020 socio-economic development plan
aimed at making Phu Quoc Island into a
special administrative-economic zone by
the end of the decade. The Phu Quoc
link is the first submarine power cable link
installed by a utility company in Vietnam,
and at 56km is south-east Asia’s longest
undersea cable system.
ThePhuQuoccableconnectioncomprises
three 630mm² 110kV copper, single
wire armored XLPE insulated submarine
cables, installed by the Prysmian cable
laying vessel “Cable Enterprise”. Prysmian
completed theproject aheadof schedule,
after only two months, and just in time to
begin operation on the occasion of the
2014 Lunar New Year holiday.
South-east Asia’s longest
undersea cable
Jiaxing’s fastener exports declined 6.59
percent to $900 million during 2013,
accounting for 4 percent of the city’s total
export value.
Europe and the US have previously been
Jiaxing’s main fastener markets. However,
exports to these markets declined 4.5
percent to $390 million, representing
44 percent of the total fastener exports
(exports to the US dropped 9 percent
to $210 million, while exports to the EU
increased 1 percent to $180 million).
Exports to the emerging markets increased,
with some strong growth to developed
countries. Jiaxing’s fastener exports to
Russia, Brazil, India, South Africa, and ASEAN
amounted to $200million, accounting for 22
percent of the total fastener exports. Exports
to Japan, Germany, Italy, the Netherlands,
Sweden and Singapore rose 11 percent, 7
percent, 7 percent, 12 percent, 33 percent
and 10 percent, respectively.
Fastener export prices varied. The average
export price for steel or iron fasteners
decreased 4 percent to $1,309 per ton.
The price for copper fasteners increased 11
percent to$11,106per tonand for aluminum
fasteners grew 5 percent to $2,471 per ton.
Fastener exports down
in 2013