Close

Search

Search Menu
Photonics Media Photonics Buyers' Guide Photonics EDU Photonics Spectra BioPhotonics EuroPhotonics Industrial Photonics Photonics Showcase Photonics ProdSpec Photonics Handbook
More News
SPECIAL ANNOUNCEMENT
2016 Photonics Buyers' Guide Clearance! – Use Coupon Code FC16 to save 60%!
share
Email Facebook Twitter Google+ LinkedIn Comments

FiberCore Wins $94 Million Multi-Year Contract

Photonics.com
Nov 2000
CHARLTON, Mass., Nov. 1 -- FiberCore Inc. has received a revised contract for single-mode optical fiber from an existing South American customer valued at approximately $94 million, $73 million of which is guaranteed under a take or pay provision, the company said. The South American company will also make advanced payments of $6 million over the next eight months, said FiberCore. This contract will take the place of an earlier contract worth $27 million, previously announced in August, and will be shipped from now until 2003 from Xtal, FiberCore's newly acquired facility in Brazil.
Unlike the softness in the component sector recently reported by several companies, the upward revision as well as the favorable terms of the contract from a major cabler represents continued evidence of the strength of the optical fiber market, said Mohd Aslami, President and CEO of FiberCore.


Comments
Terms & Conditions Privacy Policy About Us Contact Us
back to top

Facebook Twitter Instagram LinkedIn YouTube RSS
©2016 Photonics Media
x We deliver – right to your inbox. Subscribe FREE to our newsletters.