Top Ten Wire and Cable Industry News in 2011

1. Jiangsu Hengtong High-Voltage Cable Company built the largest dedicated terminal for submarine cables in China In February 2011, Changshu City Port Control Office officially approved Jiangsu Hengtong High-Voltage Cable Co., Ltd. to build the nation's largest special terminal for submarine cables at the Changjiang Port of Changshu Economic Development Zone. The total investment of the project is over 1 billion yuan, and 20,000 tons of berths and 2,000 tons of berths will be built. The company's leading products are 500kV ultra-high voltage cross-linked power cables, optoelectronic composite submarine cables, submarine power cables, and submarine optical cables, which are scheduled to be put into operation one after another.

2. AQSIQ started the inspection of wire and cable quality on March 28, 2011 AQSIQ issued the Notice on Launching a National Linkage Supervision, Inspection and Inspection of Production Quality of Wire and Cable Products and Investigation of Production Enterprises (Qualification Inspection Letter [2011] No. 15) began to carry out large-scale wire and cable quality rectification work (referred to as "linked spot check").

The "linkage check" time is April 1st, 2011 - November 30th, 2011 for a total period of 8 months.

3. Construction of a submarine cable project in Wuchuan City, Zhanjiang In March 2011, the Guangdong Weili Submarine Cable Project in Wuchuan City, Zhanjiang City, Guangdong Province began construction of a factory building covering an area of ​​350,000 square meters. The project plans to invest 800 million yuan, plans to put into operation in the second half of 2011, with an annual output value of up to 3 billion yuan, a tax revenue of more than 60 million yuan.

4. Jincheng Cable Company was fined 11.95 million yuan in Guizhou On April 20, 2011, Guiyang Municipal Bureau of Quality and Technical Supervision suspected of being unqualified in products of Guiyang Jincheng Cable Co., Ltd. and Tianjin Jincheng Cable Co., Ltd. issued an "Administrative Punishment Decision Statement." "The fine amounted to 11.95 million yuan. The punished party dissatisfied, submitted an administrative reconsideration to the provincial government, and held a rights-reviewing press conference in Beijing to question the administrative penalty of the Guiyang Quality Supervision Bureau and responded to the Bureau's claim on the case. Guiyang Jincheng Company believes that Guiyang Bureau of Quality Supervision has sown a big lie and made a case of Tiandu, Guiyang Bureau of Quality Supervision has no legal basis for law enforcement and is an illegal law enforcement. The case is still pending.

5. Released "Twelve Five Development Guidance Opinions for Wire and Cable Industry"

On April 21, 2011, the China Electric Appliance Industry Association Wire and Cable Branch issued the "12th Five-Year Development Guidance Opinions for the Wire and Cable Industry", proposing three goals for the development of the industry during the "12th Five-Year Plan" period and proposing "Four Formations". The historical mission: 1 Form 3 to 5 large-scale enterprise groups with sales of several billion yuan and certain international competitiveness; 2 Form 6 to 12 sales of 10 billion yuan and have strong international competition in professional products Specialized and capable enterprises with special capabilities; 3 Formed a group of regional cable industry clusters with distinctive products, strong professional manufacturing capabilities, complete supporting facilities and differentiated development; 4 Formed a batch of SMEs with professional production characteristics and regional competitive advantages. .

6. Nexans M&A Yanggu Power Cable Division On June 22, 2011, Nexans SA, the French cable and optical fiber manufacturer announced that the company has agreed to acquire the power cable business division of Shandong Yanggu Cable Group. % equity, and will continue to operate this business in Shandong in a joint venture. The Nexans Group statement stated that, based on the net debt and cash flow basis, the transaction valued the power cable division of Shandong Yanggu Cable Group at 140 million euros. Shandong Yanggu Cable Group will continue to hold a 25% stake in the post-transaction power cable sector.

7. Baosheng Co., Ltd.'s senior executives resigned on July 21, 2011. Baosheng Co., Ltd. announced that the company’s directors Xia Licheng, Lu Jiaguo, director and president Tang Chongjian, director and vice president, and board secretary Ruan Lifeng, vice president Jiang Ling, board of supervisors A total of 6 people, including Yu Jia, chairman, applied for resignation and caused great shocks in the national wire and cable industry and the stock market.

8. Construction of Wire and Cable Industrial Park in Ruijin, Jiangxi Province On July 21, 2011, the Ruijin Municipal Committee of Jiangxi Province held a wire and cable industrial park project scheduling meeting and discussed the implementation plan of Ruijin City's 2011 Wire and Cable Industrial Park Project. Create a project to promote the cable industry park. The cable industry park covers an area of ​​1,200 mu and is designed to attract cable companies in coastal areas to invest and set up factories. The Ruijin Municipal Government has issued preferential investment policies for wire and cable industrial parks, including land subsidy policies and tax incentives.

9. China Wire and Cable Chamber of Commerce was established On August 15, 2011, the China Cables Association held a grand unveiling ceremony in Beijing. Zhang Shengfei, Chairman of Shanghai Shenghua Cable Group, and 13 representatives of Far East Holding Group, Baosheng Kechuang, Hanba Group, Shanghai Shangshang Cable Group, Zhongtian Technology, and Shanghai Cable Research Institute unveiled the "China Cable Merchants Association" . Chairman Zhang Shengfei was elected as the first permanent president. The declaration of "Eight Honors and Eight Shames" of the chamber of commerce was read at the meeting. In the first half of 2010, the sponsor submitted the “Application for Preparing for the Establishment of China Cable Merchants Association” to the All-China Federation of Industry and Commerce. In December 2010, it was approved by the All-China Federation of Industry and Commerce.

10. Issuing the "Guiding Opinions on Improving the Quality of Wire and Cable Products"

On October 28, 2011, the AQSIQ, the Ministry of Industry and Information Technology, the China Federation of Machinery Industry, the China Electricity Council, the State Grid Corporation of China, and the China Southern Power Grid Corporation jointly issued the "About the promotion of wire and cable products." "Quality Improving Guidance Opinions" proposes to set up a joint working group for the quality improvement of wire and cable products to be responsible for the study of the overall situation of wire and cable quality in the country, put forward measures for quality improvement work, and supervise and inspect the implementation situation in various places.