HIGHLAND HEIGHTS, Ky.--(BUSINESS WIRE)--Jan. 27, 2009--General Cable Corporation (NYSE: BGC) reported today that its
subsidiary, Norddeutsche Seekabelwerke GmbH (NSW), and its repeater
technology partner, Fujitsu, have been awarded a more than 1,000 mile
submarine fiber optic communications link project in Indonesia.
The project, called JaKa2LaDeMa, was awarded by PT TELEKOMUNIKASI
INDONESIA, Tbk (PT TELCOM) and is the first high-bandwidth optical-fiber
submarine cable system for the Indonesian islands of Kalimantan and
Sulawesi, as well as Java, Bali and Lombok. The cable system was awarded
on a turnkey basis and is valued at over $100 million. Fujitsu will
provide state of the art terminal equipment, repeaters, branching unit
system integration and associated services, while NSW will manufacture
the cable and provide other required services, such as site survey,
marine installation and civil works. The value of the project to be
recognized by NSW is approximately $80 million and is expect to be
completed in the first quarter of 2010.
General Cable acquired NSW in April 2007 and began an investment program
to expand the capability of the facility to include submarine power
cables and repeatered submarine communications cable. NSW is located on
a tributary of the North Sea, with its own deep-sea pier. With the
investment program nearly complete, NSW is well positioned to address
all aspects of submarine cable needs for the expanding communications,
offshore wind farm and energy exploration markets.
NSW, headquartered in Nordenham, Germany, is a leading manufacturer of
submarine fiber optic communications and offshore power cables serving
customers all over the world. For more information about NSW, please
visit our website at www.nsw.com.
General Cable is a global leader in the development, design,
manufacture, marketing and distribution of copper, aluminum and fiber
optic wire and cable products for the energy, industrial, and
communications markets. Visit our website at www.generalcable.com.
Certain statements in this press release, including without
limitation, statements regarding future financial results and
performance, plans and objectives, capital expenditures and the
Company's or management's beliefs, expectations or opinions, are
forward-looking statements. Actual results may differ materially from
those statements as a result of factors, risks and uncertainties over
which the Company has no control. Such factors, risks, and uncertainties
are more fully discussed in the Company's Report on Form 10-K filed with
the Securities and Exchange Commission on February 29, 2008, as well as
periodic reports filed with the Commission.
CONTACT: General Cable Corporation
Michael P. Dickerson, 859-572-8684
Vice President of Finance and Investor Relations
Source: General Cable Corporation
