Asia Pacific Wire & Cable bags $18.4M in Thai contracts

Monday, Aug 02, 2010

Asia Pacific Wire & Cable Corp. Ltd, a Taiwan manufacturer of wire and cable products for the telecommunications and electric-power industries, reports that its Thai subsidiary Siam Fiber Optics Co. Ltd has signed several major contracts with local companies and state-owned telecommunication companies for a total value of about $18.4 million.

The contracts include a $5.7 million contract with Marubeni Thailand Co. Ltd to deliver 5,650km of fiber optic cable over a seven-month period through October 2010; a $3.8 million contract to deliver 2,794km of

fiber optic cable to TOT Public Co. Ltd, a state-owned telecommunications company, which commenced in May 2010 and would run for four months; and two contracts from Thai Transmission Industry Co. Ltd to provide 4,130km of ADSS & 4,324km dropwires of fiber optic cables in an effort to link the telecommunication network for all the domestic universities in Thailand totaling approximately $8 million over 14 months, the first of which commenced in January 2010.

Siam Fiber Optics Co. Ltd is 60 percent owned by Charoong Thai Wire and Cable Co., the latter is 51 percent directly or indirectly owned by APWC. Three non-controlling interest parties own the remaining 40 percent.

 

Source: EE Times Asia