Hengtong High Pressure wins $47M undersea cable supply contracts for wind farms

Jiangsu Hengtong High Pressure Sea Cable Co., a subsidiary of Hengtong Optic-Electric, won bids to supply undersea photoelectric composite cables worth CNY317 million ($47 million) to two offshore wind farms in Dalian and Tangshan, China. The contracts were announced on August 2, 2017.

“Hengtong has secured bids for undersea cable projects with a combined value of CNY761 million (USD113 million) this year, which is 1.85 times the revenue from its marine engineering business last year.”yicaiglobal.com

• 1 source
• yicaiglobal.comHengtong Optic-Electric Wins Bid to Supply USD47 Million in Undersea Cables to Offshore Wind FarmsJin YuanjiaAug 2, 2017

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