Superior Essex (
NASDAQ: SPSX) is a global leader in the design, manufacture and supply of a wide range of cable, wire and electrical insulation products. The company's products, which are sold in more than 50 countries, are integral to the operation of large and small communications networks, electrically powered machinery, transformers and countless consumer and industrial goods.
[1]
[edit] Key Business Segments
- Communication Cable revenues - 28% of sales
- North American Magnet Wire and Distribution - 35% of sales
- European Magnet Wire and Distribution - 22% of sales
[edit] Financials
- 2006 Revenue of $2.9 billion, up from $1.8 billion in 2005
- 2006 Net Income of $57.4 million, up from $31.9 million in 2005
[2]
[edit] Recent Developments
- In 2006, the company continued the globalization of its business by opening their Suzhou, China, Greenfield magnet wire facility. Phase One of the company's expansion into China is now complete and Phase Two should be completed in 2007.
- Early in 2007, the company announced a definitive agreement to acquire Nexans' magnet wire operations in Simcoe, Canada, and Tianjin, China. These two acquisitions should help establish Superior Essex as one of the global leaders in continuously transposed cable (CTC), which is a retangular wire used in the high-performance power generators and transformers that support the world's energy and power infrastructure.
[3]
References
1. Company website
2. 2006 Annual report, p.3
3. 2006 Annual report, p.4
[edit] References
- ↑ SPSX
- ↑ SPSX
- ↑ SPSX
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