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Wanma Cable recently announced that for the last year its operating income was RMB2.6 billion ($0.4 billion) increasing by 21.32% year-on-year, and net profit attributable to shareholders of listed companies was RMB103.6 million ($16.4 million) increasing 6.39% year-on-year. In product layout, the company consolidated its MV/LV and EHV market positions while establishing a special cable business division to intensify efforts to develop a special cable business. The company has secured a good start in new fields, such as rail transit, power generation, petroleum and petrochemical, wind power and coal mining. Wanma Cable's CEO recently said that the income target of company in this year was RMB3.1 billion ($0.5 billion) increasing by 20% year-on-year, based on the copper price keeping last year's price level. The company completed an investment plan in EHV and MV/LV cable through an IPO raising funds."

Nexans, the French cable maker, announced that its new cable plant in Qatar starts commercial production. Nexans's joint venture (JV), the Qatar International Cable Company (QICC) is located in Mesaieed Industrial City, which is 40 km from Doha. The new facility employs more than 100 staff, and it is expected that it will generate annual revenues of more than US$100 million by 2011. Nexans said that the plant will engage in the production of LV, MV and low-end HV power cables for energy infrastructure and building projects. It will also produce special cables for the oil and gas industry. Potential target markets include Qatar, the GCC and Yemen. The power cable plant occupies 19,000 sq.m. on an overall plot of 70,000 sq.m., close to a harbour that is reportedly developing as the largest in the Middle East. QICC was established in 2008, as a JV between Nexans (30%), Special Projects Company and Al Neama Industrial Co.

It was reported that Sumiden Hitachi Cable, which is Japan's largest joint sales company of building wire controlled by Hitachi Cable, Sumitomo Electric Industries and Tatsuta Electric Wire & Cable, estimates that its sales volume in the second half of the fiscal year ending March 2011 will be flat from the same period a year ago. The company anticipates that total domestic demand for the three leading building wire products, including LV XLPE cable, will average 13,700t copper conductor per month in H2 FY2010, down by 1.8% from the same period of FY2009. It was commented that the market for building wire seems to have reached the bottom, however recovery is weak.

Nexans reported that it completed a contract which supplied power cables for the Ras Laffan Port Expansion project in Qatar. The two-year contract covered the supply of 458 km of MV/LV power cable, including lead/non-lead sheathed fire resistant versions. All cables were manufactured by Nexans at its plant in Cheongwon, South Korea.