Close

Search

Search Menu
Photonics Media Photonics Buyers' Guide Photonics Spectra BioPhotonics EuroPhotonics Vision Spectra Photonics Showcase Photonics ProdSpec Photonics Handbook
More News

FiberCore Wins $94 Million Multi-Year Contract

Facebook Twitter LinkedIn Email Comments
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.

Photonics.com
Nov 2000
fiber opticsNews & Features

Comments
back to top
Facebook Twitter Instagram LinkedIn YouTube RSS
©2019 Photonics Media, 100 West St., Pittsfield, MA, 01201 USA, info@photonics.com

Photonics Media, Laurin Publishing
x We deliver – right to your inbox. Subscribe FREE to our newsletters.
We use cookies to improve user experience and analyze our website traffic as stated in our Privacy Policy. By using this website, you agree to the use of cookies unless you have disabled them.