News

Voksel’s FY 2016 financials rocket

CRU Subscriber Content
CRU View Logo | 
23 Jun 2017
 | Region: 
Asia (Indonesia)
 | Topic: 
Financials

Indonesia's PT Voksel Electric saw a significant increase in net profit, which climbed from IDR 277 million ($20,774) in FY 2015 to IDR 160 billion ($12 million) for FY 2016. Consolidated net sales rose 27% y/y during the period to IDR 2.02 trillion ($152 million).

SOEWC faces $1.03 million penalty for price fixing

CRU Subscriber Content
CRU View Logo | 
23 Jun 2017
 | Region: 
Africa (South Africa)
 | Topic: 
Regulation

South African cable producer, South Ocean Electric Wire Company (SOEWC), is to pay over ZAR 13 million ($1.03 million) fine for contraventions which include price fixing and collusive tendering.

Jembo Cable’s FY 2016 net sales up 23%

CRU Subscriber Content
CRU View Logo | 
23 Jun 2017
 | Region: 
Asia (Indonesia)
 | Topic: 
Financials

Indonesia's PT Jembo Cable Company saw FY 2016 consolidated net profit rocket from IDR 2.5 billion ($0.19 million) to IDR 132.4 billion ($10 million), on sales of IDR 2.04 trillion ($153 million), up 23%.

KMI Wire & Cable triples FY 2016 net profit

CRU Subscriber Content
CRU View Logo | 
23 Jun 2017
 | Region: 
Asia (Indonesia)
 | Topic: 
Financials

Indonesia's KMI Wire & Cable tripled its consolidated net profit to IDR 322 billion ($24 million) on sales of IDR 2.81 trillion ($211 million), up 6% y/y. Operating profit nearly doubled to IDR 395.7 billion ($30 million).

Sucaco FY 2016 net sales rise 6%

CRU Subscriber Content
CRU View Logo | 
23 Jun 2017
 | Region: 
Asia (Indonesia)
 | Topic: 
Financials

Indonesia's PT Supreme Cable Manufacturing & Commerce (Sucaco) unveiled a consolidated net profit of IDR 341 billion ($26 million), 124% y/y higher, on sales of IDR 3.74 trillion ($281 million), up 6% y/y. Consolidated gross profit increased 65% to IDR 560 billion ($42 million).

Pharos combine subsea tools to offer faster solutions

CRU Subscriber Content
CRU View Logo | 
22 Jun 2017
 | Region: 
Europe (Iceland, UK)
 | Topic: 
Projects, New Products

Subsea cable installation equipment supplier, Pharos Offshore Group, have paired their trenching and deburial systems with a rugged cable retrieval grab to aid the offshore industry with a simple to use and quick to mobilise solution for recovering damaged subsea products and out of service cables.

Fiber Broadband Association calls on FCC to remove barriers

CRU Subscriber Content
CRU View Logo | 
22 Jun 2017
 | Region: 
North America (USA)
 | Topic: 
Regulation

The Fiber Broadband Association (FBA) has called on the US' Federal Communications Commission (FCC) to remove barriers to infrastructure investment and accelerate wireline broadband deployment.

TUV Rheinland gets GSO NB status in Thailand & Japan

CRU Subscriber Content
CRU View Logo | 
22 Jun 2017
 | Region: 
Asia (Bahrain, Japan, Oman, Qatar, Saudi Arabia, Thailand, United Arab Emirates)
 | Topic: 
Regulation, Standards

Germany's TUV Rheinland said that it is the first international third-party testing, inspection and certification (TIC) company to achieve Gulf Standardization Organization (GSO) Notified Body (NB) status in Thailand and Japan.

AEI Cables hires commercial manager following production closure

CRU Subscriber Content
CRU View Logo | 
22 Jun 2017
 | Region: 
Europe (UK)
 | Topic: 
Corporate, Labour and Personnel

The UK's AEI Cables, which is owned by UAE's Ducab, has appointed Stuart Dover as commercial manager to take the company's commercial operations into the future following the closure of its manufacturing facilities in January this year.