General Cable Corporation (NYSE: BGC) (the Company), a global leader in the wire and cable industry, through its wholly-owned subsidiary Norddeutsche Seekabelwerke GmbH (NSW), has been awarded a major order by 50Hertz Offshore GmbH, a subsidiary of the German-based transmission network operator 50Hertz Transmission GmbH, to provide a complete turn-key solution including the supply and installation of 120 kilometers of submarine transmission cables and 3 single cores measuring 12 kilometers each of underground terrestrial transmission cables as well as associated accessories for the offshore wind farm Baltic 2.
The award has an overall order value of Euro 195 million, or $270 million at current exchange rates, with installation beginning in 2012.