General Cable Corp., a Highland Heights-based company that is a global supplier of wire and cable products, has entered into a joint venture for majority ownership in E.P.E/EN.I.CA.BISKRA/SPA (Enica Biskra), an Algerian state-owned manufacturer of low- and medium-voltage power and construction cable.
Enica Biskra is a leading provider of utility cables to the principal Algerian state-owned power utility and gas producer. In 2007, the business generated over 70 million euros of revenue. Located in the province of Biskra, Algeria, Enica Biskra sits on an 86-acre site with approximately 1 million s.f. of manufacturing, warehousing and office space.
“The acquisition of Enica Biskra represents the latest step in positioning General Cable as a global leader in cabling systems for energy infrastructure, which began with the 1999 acquisition of BICC,” said General Cable President and CEO Gregory B. Kenny. “General Cable expects to have as much as 200 million euros of annual revenue in the Middle East and North African region after giving effect to this investment project. This acquisition establishes an important position in these markets and a platform to further invest and grow in the region.”