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swy ti / i Aflv i VBrBI iMgW Lik JX ■' k I kBA 1 ■/ * KX"7T ij I nviß MR W. H. McFADZEAN ON OVERSEAS INTERESTS STRENGTH OF GROUP AND EXPAND ING OPPORTUNITIES In reviewing the world-wide activities of the local requirements and preference will often British Insulated Callender’s Cables Group be given to these either by tariff protection for the year to 31st December, 1959, the or import restrictions. Chairman, Mr W. H. McFadzean, stated: These factors have long been recognised by Group Sales totalled £128,000,000 as com- your Company and over the yeare substantial pared with £110,000,000 for 1958 reflecting manufacturing interests have bsen built up not only the addition of new subsidiaries but overseas. a higher level of activity. Of this total These manufacturing interests provide your £38,000,000 or some 30% represented ex- Group with an important stake in the inports from the United Kingdom and sales of dustry throughout a large part of the World Overseas Companies a contribution to the and one which should develop as the devital overseas income of the country which mands for power and communications inwe are constantly striving to increase. crease. It is yet another example of a The overall results for 1959 emphasise the change taking place in the nature of British underlying strength of the BICC Group exports without necessarily a decrease in which stems from the broad base of our total volume. activities and the wide geographical dis- Our New Zealand manufacturing interests position. In the Group itself we operate are centred in Associated British Cables Ltd., thirty-two factories at home and eleven now well established and operating satisoverseas, supported by a network of selling factorily. The factory is being expanded to organisations and construction establish- meet the increasing demand. ments throughout the World. j n a ssess j n g the outlook for the BICC Group The installation of the new automatic account must be taken of the international Copper Rod Rolling Mill, to which I re- scene in view of our numerous interests ferred in my Statement last year, was com- overseas. Although as always there are pleted as planned. We deeply appreciate the plenty of problems around, all indications honour paid to us by the President of the point to there being a further expansion in Board of Trade, the Rt. Hon. Reginald world trade in 1960 and the challenge to Maudling, M.P., in performing the official all of us in Britain is surely that we should opening ceremony. All indications are that obtain a greater proportion of it. We shall this Mill, the most up to date of its kind in only succeed, in my opinion, if we still the World with a normal production of further broaden ana intensify our selling 100,000 tons of rod per annum, will fulfil effort overseas and if we are successful in our high anticipations. controlling inflation and thereby in keeping Overseas business has always formed a our cos^s prices competitive. substantial part of our Group activities. -It 1960 is likely to be a difficult year, but I is natural that with growth in population, am quietly confident that we shall meet the industrialisation and other factors of a challenge successfully and I see the future national character there is a demand for as one of expanding opportunities and prosfactories to be set up abroad to cater for pects. BRITISH INSULATED CALLENDER'S CABLES LIMITED

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Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/CHP19600622.2.184.2

Bibliographic details

Press, Volume XCIX, Issue 29237, 22 June 1960, Page 19

Word Count
687

Page 19 Advertisements Column 2 Press, Volume XCIX, Issue 29237, 22 June 1960, Page 19

Page 19 Advertisements Column 2 Press, Volume XCIX, Issue 29237, 22 June 1960, Page 19

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