08
March
2004
|
00:00
Europe/Amsterdam

Pirelli-Draka: agreement in UK LV cables mkt

Long term agreement between PIRELLI AND draka for the UK LOW VOLTAGE CABLES market

Milan-Eastleigh, 8 March 2004 - Pirelli Cables Ltd and Draka Holding NV have signed a Long Term Agreement effective 4 March 2004 pursuant to which Pirelli will supply to Draka UK Ltd certain low voltage cables for the UK market.

Thanks to the agreement, Pirelli will optimize production capacity at its site in Aberdare, South Wales, capitalizing on scale economies in a high competitive business segment .

Pirelli Cables Ltd is headquartered in Eastleigh and is part of the Italian Group headed by Pirelli & C. SpA. The Pirelli Group manufactures energy cables and systems, telecommunications cables and systems and tyres worldwide.