Asia Pacific Wire & Cable Awarded $21.7 Million Contract.Business Editors NEW YORK--(BUSINESS WIRE)--Nov. 19, 2001 Asia Pacific Wire & Cable Corporation Limited (NYSE NYSE See: New York Stock Exchange :AWC (Association for Women in Computing, San Francisco, CA, www.awc-hq.org) A membership organization, founded in 1978, dedicated to the advancement of women in computing. It publishes newsletters, hosts seminars and annual conferences and recognizes distinguished women in the field with its ) announced the awarding of another contract to the Company's Singapore subsidiary, Sigma Cable, worth $21.7 million. The Company will supply distributed products of low voltage Low voltage is an electrical engineering term that broadly identifies safety considerations of an electricity supply system based on the voltage used. While different definitions exist for the exact voltage range covered by "low voltage", the most commonly used ones include "mains and low tension cables of between 600 to 1000 volts. The contract is expected to commence in December 2001 and be completed by December 2003. The contract was awarded by Singapore Power Singapore Power (Abbreviation: SP; Chinese: 新加坡能源有限公司) is a company which provides electricity and gas transmission, distribution services, and market support services to more than a million customers in Grid, a government-linked corporation that maintains and manages an electrical transmission and distribution network in Singapore. This contract is in addition to another project engineering contract of $33.8 million awarded to Sigma Cable in May 2001 from Singapore Power Grid for medium and high voltage cable. Tom Tung, Chairman of Asia Pacific Wire & Cable commented, "Recent trends in government and the private sector have brought about a need for value added Value Added The enhancement a company gives its product or service before offering the product to customers. Notes: This can either increase the products price or value. services for the expansion and upgrading of residential and commercial buildings and infrastructure projects in Singapore. In order to prepare for these changes, "Supply, Delivery and Installation" (SDI (1) (Serial Digital Interface) A physical interface widely used for transmitting digital video in various formats. For electrical transmission, it uses a high grade of coaxial cable and a single BNC connector with Teflon insulation. ) capability is being developed and expanded to meet the demand for power cable in Singapore." Asia Pacific Wire & Cable Corporation is a leading manufacturer of wire and cable products for the telecommunications and power industries in selected markets in the Asia Pacific Region. |
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