Composites World / NetComposites

Connecting you to the composites industry

Advertisement

NetComposites Ltd has transferred the rights and ownership of this website to Gardner Business Media Inc.

On 1st January 2020, NetComposites' media assets including netcomposites.com, newsletters and conferences were transferred to Composites World (Gardner Business Media).

This site is no longer being updated. Please direct all enquiries to netcomposites@gardnerweb.com.

For further details see our joint press release.

Composite Technology Receives New Conductor Orders

  • Monday, 25th February 2008
  • 0 comments
  • Reading time: less than a minute

Composite Technology Corporation has won new orders for 418 kilometers (260 miles) of ACCC conductor for use on the Chinese electrical grid.

The order issued to our subsidiary, CTC Cable Corporation, by Far East Composite Technology Company, a subsidiary of Jiangsu New Far East Cable Corporation (Far East), is made up of four different core sizes with associated hardware and is valued at approximately $2,775,000. The ACCC core will be stranded by Far East in China and will be used for transmission projects in An Hui and Jiang Su provinces. Terms of the sale are consistent with an established three year Distribution Agreement which provides favorable cash management terms to CTC Cable. The use of ACCC conductor continues to increase in China and adds to the ever expanding installed base of ACCC.

“”China is an excellent market for ACCC conductor and we are very pleased to see the list of installations growing. Far East is now a certified stranding source for ACCC core for the local production of ACCC conductor, which will provide new opportunities to demonstrate the unique benefits of our product to regional utilities,”” stated Marv Sepe, COO of CTC and President of CTC Cable.


For more information visit:


Share this article


More News


Comments (0)

Leave your comment