NKT I TYSK KABEL-FUSION

Article Abstract:

The Danish group NKT is to merge its cable activities with the German company Felten & Guilleaume Energietechnik. Headquarters of the merged company will be located in Germany, and the director of NKT Cables, Asger Bundgaard-Jensen, will become MD. Turnover will total DKr 4bn (USD 0.6bn) and the number of employees about 4,000. The aim is to create a financially strong, high-tech European cable group for further expansion. The merger will take place during 1998.

Comment:

NKT Holding is to merge its cable activities with the German company

Acquisitions & mergers, Germany, Article, NKT Holding A/S, Felten und Guilleaume Energietechnik AG

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Pakistan's $26.37 billion budget boosts spending, farm incentives

Article Abstract:

Pakistan's new budget does not contain new taxes, targets the deficit at 4% of gross domestic product, and anticipates economic growth at 7% for the year ending June 2007. Inflation is expected to be 6.5%. The budget includes food item subsidies, farm sector incentives, and minimum wages for unskilled labor positions.

Budget, Budgets, Economic indicators, Financial report, Economic incentives

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PAKISTAN: INVITATION TO TENDER FOR CABLE PROJECT

Article Abstract:

Companies have until 18 September 2000 to bid for an invitation to tender issued by Karachi Electricity Supply Corporation. The invitation to tender is for the supply and installation of a 30-km, 220-kV XLPE cable network as part of the sixth KESC project.

Government regulation (cont), Nonferrous wiredrawing & insulating, Karachi Electricity Supply Corp.

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