China's wire and cable industry will usher in new business opportunities in 2013

June 18, 2019

Abstract With the arrival of 2013, China's wire and cable industry will usher in new business opportunities and markets. Especially with the continuous expansion of China's power industry, data communication industry, urban rail transit industry, automobile industry and shipbuilding industry, the demand for wire and cable will also grow rapidly...
With the arrival of 2013, China's wire and cable industry will usher in new business opportunities and markets. In particular, with the continuous expansion of China's power industry, data communications industry, urban rail transit industry, automobile industry and shipbuilding industry, the demand for wire and cable will also grow rapidly, driving the development of China's wire and cable industry. The past 2012 has been a flaw for China's wire and cable industry. Due to the slowdown in GDP growth, the global financial crisis, and the adjustment of the domestic economic structure, the domestic cable companies generally have insufficient operating rates and overcapacity, and even caused Industry worries have closed down.
At present, the global wire and cable market has exceeded 100 billion euros. In the global wire and cable industry, Asia has a market size of 37%, the European market is close to 30%, the Americas market accounts for 24%, and other markets account for 9%. Among them, although China's wire and cable industry plays an irreplaceable role in the global wire and cable industry, and as early as 2011, China's wire and cable enterprises have surpassed the United States in output value, ranking first in the world. But objectively speaking, compared with the wire and cable industry in Europe and the United States, China is still in a big but not strong situation, and there is still a big gap with well-known foreign wire and cable brands.
In terms of countries, the Italian Prysmian company ranks the world leader with an annual turnover of more than 5 billion euros, while the French Nexans company is not far behind, second only to Prysmian’s turnover. . The US General Cable Company ranked third with an annual turnover of more than 3.4 billion euros. The cable business of Sumitomo Electric and Furukawa Electric has also exceeded 2.5 billion euros, and from the perspective of sales of Chinese cable companies, it is far from comparable.

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