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Draka Holding NV (AMS:DRAK) The Board of Management of Draka Holding N.V. announces that it has signed a new joint venture agreement which will extend the Yangtze Optical Fibre and Cable Co. Ltd (YOFC) joint venture by another twenty years until May 2028. In a reaction Sandy Lyons, Chairman and CEO of Draka, said: 'We are very pleased with this new agreement which underscores Draka's long term relationship with YOFC as a technology partner. Via YOFC, the market leader in optical fiber and optical fiber cable in China, Draka will continue to benefit from the sound growth prospects in the largest optical fiber market in the world.'
Draka has had a 37.5% stake in YOFC since 1988. The other shareholders in this joint venture are China Telecom (37.5%) and Wuhan Yangtze Communications Industry Group (25%).
Board of Management
Amsterdam, 13 October 2008
Pdf version of the press release Pdf versie van het persbericht
NOTE FOR EDITORS: for more information, contact:
Draka Holding N.V. Michael Bosman - Director Investor Relations +31 20 568 9805; michael.bosman@draka.com
+-------------------------------------------------------------------+ | 2008 & 2009 financial calendar (provisional) | | | |-------------------------------------------------------------------| | | Friday, 14 November 2008 | | Publication of trading update for | (before start of | | second half of 2008 | trading) | |----------------------------------------+--------------------------| | | Wednesday, 25 February | | | 2009 | | | (before start of | | Publication of 2008 full-year figures | trading) | |----------------------------------------+--------------------------| | General Meeting of Shareholders, | Monday, 20 April 2009, | | Hilton Amsterdam | starting at 14:30h | |----------------------------------------+--------------------------| | | Friday, 29 May 2009 | | Publication of trading update for the | (before | | first half of 2009 | start of trading) | |----------------------------------------+--------------------------| | | Thursday, 13 August 2009 | | | (before start of | | Publication of 2009 half-year figures | trading) | |----------------------------------------+--------------------------| | | Thursday, 12 November | | | 2009 | | Publication of trading update for the | (before start of | | second half of 2009 | trading) | +-------------------------------------------------------------------+
Company profile Draka Holding N.V. ('Draka') is the holding company of a number of operating companies which engage worldwide in the development, production and sale of cable and cable systems. As from 2008, Draka's activities are divided into three Groups: Energy & Infrastructure, Industry & Specialty and Communications.
Within these three Groups, the activities have been split up into divisions. Energy & Infrastructure consists of the divisions Europe, Australasia and Greater China; Industry & Specialty consists of the Automotive & Aviation, Elevator Products, Cableteq USA, Industrial and Wire & Cable Assemblies divisions, while the Communications Group is divided in the divisions Cable Solutions Americas, Cable Solutions EMEA, Mobile Networks and Optical Fiber.
Draka has 68 operating companies in 30 countries throughout Europe, North and South America, Asia and Australia. The Company has a flat, decentralised organisational structure with short lines of communication. The divisions enjoy a large measure of autonomy and are responsible for their revenue and profits. Worldwide the Draka companies have some 9,550 employees. The head office of Draka Holding N.V. is established in Amsterdam. In 2007, Draka generated revenue of € 2.8 billion and a result attributable to shareholders of € 93.0 million.
Draka Holding N.V. ordinary shares and subordinated convertible bonds are listed on Euronext Amsterdam. The Company was included in the Next150 index in 2001 and the AMX-index (Amsterdam Midkap index) since 4 March 2008. Options on Draka shares have also been traded on the Euronext Amsterdam Derivative Markets since 8 July 2002.
Visit our website: www.draka.com
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