|
||||||||
|
||||||||
CompanyCONTACT INFORMATIONMailing Address Condux Tesmec, Inc. Condux Tesmec Employees Ernie Neilsen Mark Mitchell Bud Dunphy Terry Treanor Jill Frederick Jon Lundholm COMPANYMankato, MN – June 1, 2009 – Condux International, Inc. has entered into a joint venture with Tesmec Spa, Italy. The ownership of the Joint Venture will be equally shared. The new JV Company (Condux Tesmec, Inc.) will start on June 1, 2009 and will be located in Mankato, MN. The JV Company will take advantage of Condux’s North American market strength and knowledge as well as their ability to assemble and manufacture certain products. In conjunction with Condux, Tesmec’s advanced proprietary equipment technology and manufacturing know-how and processes to design and produce tension stringing equipment will enable the JV to provide superior products and service to the HV transmission and distribution market. Equipment and accessories will be stocked in the Mankato, MN location. The Joint Venture will provide stringing equipment and accessories to the North American T&D market. The stringing equipment represents the latest and safest stringing equipment technology available in the market today. Providing utilities and utility contractors the ability to improve productivity and efficiency while limiting downtime and improving jobsite safety. The roots of Condux International are deep and stretch back over 100 years. A century of experience and knowledge has helped make Condux the premier manufacturer of underground and overhead cable installation tools and equipment for the fiber optic, coax, telephone and electric power markets. Condux’s experience and knowledge provides the basis for the development of new, innovative products, as well as a service standard that is unmatched in the industry. Aerials products include: cable blocks, corner blocks, lay-up sticks, cable benders, and aerial construction tools. Tesmec Group is mainly active in the design, production and marketing of integrated solutions for the construction and maintenance of infrastructures such as aerial and underground networks and pipelines.
- Machines and integrated systems for the stringing of: power lines, fiber optic cables and electric power lines for railways; - High powered tracked trenchers for linear excavation of underground networks and pipelines or bulk excavation and, to a less extent, Gallmac multipurpose machines Tesmec Group, always hallmarked for its considerable commitment given to research and development works on leading-edge technological solutions, is one of the worldwide leading manufacturers, in terms of revenues, in the field of stringing aerial high voltage power lines and in the field of high-powered trenchers for linear excavation in set section. |
||||||||
|
||||||||