Nexans signs two frame contracts worth a total of 16 million Euro to supply shipboard cables to two major Japanese shipyards

Mishubishi Heavy Industries and Ishikajima Harima Industries have selected Nexans as the sole cable supplier for 39 new vessels

Paris, January 18, 2007 – Nexans, the worldwide leader in the cable industry, has been awarded two frame contracts worth a total of around 16 million Euro to supply power, control and communication shipboard JIS type cables (Japanese Industrial Standard) to major Japanese shipyards: MHI (Mitsubishi Heavy industries) and IHI (Ishikajima Harima Industries). The cables will be installed in 39 vessels under construction in five Japanese shipyards.
 
The selection of a single cable supplier under a frame contract is an unprecedented move for Japanese shipyards: the objective is to increase the supply’s overall reliability as well as improve the level of compatibility between the various types of shipboard cable.
 

Over a three-year frame contract worth approximately 11 million Euro, Kukdong, a Nexans company based in South Korea, will be the sole supplier of JIS type shipboard cables to the Nagasaki, Kobe and Shimonoseki shipyards of MHI for installation on 23 vessels including container ships, PCTCs (Pure Car and Truck Carriers), and 78,000 m3 and 83,000 m3 capacity LPGCs (LPG Carriers). This is the first time that a single manufacturer will supply the cables for all the ships constructed by MHI’s three shipyards. The cables should be delivered between June 2007 and October 2009.

For IHI, Nexans has signed a one-year frame agreement worth around 5 million Euro as the only cable supplier to the Kure and Yokohama shipyards for16 containers and bulk carriers. It is also unique for IHI to choose only one cable supplier for all the vessels built in its two shipyards over the year. Kukdong should deliver the cables between March 2007 and March 2008.

“We are very proud of being selected as a sole cable supplier to two major Japanese shipbuilders who need short notice delivery with high quality products. These two frame contracts with Japanese customers illustrate the importance of customer satisfaction. Kukdong, a Nexans company, has continuously been developing the reputation for its excellent quality, reliability, competitive prices and strong customer relationships” said Michel Lemaire, Executive Vice President for Asia and Pacific Area within Nexans.

The cables will be manufactured in Nexans’ Jincheon plant in Korea.

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