Asia Pacific Wire & Cable Corporation Announces USD 87 Million in New Supply Contracts
TAIPEI, Taiwan, Mar 21, 2012 (GlobeNewswire via COMTEX) -- Asia Pacific Wire & Cable Corporation Limited (APWC) ("APWC" or the "Company"), a leading manufacturer of wire and cable products for the telecommunications and electric-power industries in selected Asia-Pacific markets, today announced that the Company has been awarded several new supply contracts in Singapore valued at approximately $87 million.
A total of three new supply contracts have been awarded to Sigma Cable, one of APWC's Singapore subsidiaries, by Singapore Power, one of the leading energy utility companies in Singapore. These contracts are for the supply of low and medium voltage cables and a separate turnkey supply project which Sigma has successfully been awarded.
Delivery is expected to occur between September 2012 and August 2014 and is primarily for the upgrading and improvement of Singapore's electrical power network and infrastructure. APWC was awarded these important contracts due to the quality and reliability of its wire and cable products, its ability to meet the specifications and timing of each project, and its experience in supplying products for the electric-power industries in a variety of Asia-Pacific markets.
MZ, seems that their new PR group is pushing them to at least announce some news now and again. There has also been some better bids floating around out there. I haven't heard anything from the guy at SA Advisory for a couple months. Worth a heckuva lot more than this.