MESC Specialized Cable Company recently inaugurated a new cable manufacturing company in Jordan for medium voltage power cables.

The new company, which goes under the name of “MESC-Fujikura Cable/Jordan Company” has been established as a joint venture between MESC Specialized Cables from Saudi Arabia, Fujikura Limited from Japan and Jordan New Cable Company (JNC) with JD20 million as the paid capital and a total initial investment of JD35 million.
Commenting on the opening of the new facility MESC’s chairman, Abdul Aziz Al-Namlah, said various factors, particularly those prevailing in Jordan, contributed to the realisation of the partnership.
“Over the years Jordan has witnessed enormous economic growth and attracted various investment opportunities due to its political strategy and its geographical location close to the GCC and Levant countries and to Iraq in particular where, regardless of the actual undesirable situation, a total rebuilding movement is expected in the near future. The additional advantage is that Jordan faces the East African countries on the other side of the Red Sea,” said Al-Namlah.
"The massive growth that MESC Specialized Cables has achieved since its inception in 1993 has exceeded all expectations and visions and has indeed progressed a long way in powering the growth of the oil and gas industry in the GCC, the Middle East and North Africa markets," he added.
The company has gone through seven consecutive expansions to increase its capacity and has also expanded its wings, creating regional offices and branches in Saudi Arabia, the UAE and Jordan in addition to its presence in 11 countries and commercial activities throughout the world. Today the company holds a 70 per cent share of the Saudi market and a high percentage in the GCC in addition to 45 per cent of the JNC shareholding to complete its product range of low voltage power cables.
As a one of its kind joint venture with Fujikura Limited, one of the world largest cable manufacturers, “MESC-Fujikura Cable/Jordan Company” is yet another significant mark in the cables industry and constitutes a strategic decision by MESC to venture into the medium voltage power cables industry, said Al-Namlah. Commercial production is expected to kick off in the third quarter of 2008 and annual revenue is expected to exceed SR345 million within the next few years, he concluded.
Abdul Raouf Bitar, chairman of JNC, said the production facilities of the new joint-venture occupied an area of 150,000 sq m in Mafraq Economic Zone, which was created in response to the directives of King Abdullah of Jordan to start developing the northern area of the country. He added that the project was destined to bring great rewards for the people of Mafraq and its surrounding communities and would generate unprecedented industrial growth for the area.
"JNC is a Jordanian public shareholding company and is considered one of the leading manufacturers of low voltage power cables and wires in the Levant countries for more than a decade,” said Bitar.
“The partial acquisition by MESC Specialized Cables (45 per cent) allowed JNC Cables to take advantage of the well-established presence of its new shareholder in the GCC region, particularly in Saudi Arabia, which led to the company growing dramatically -  more than 10 times within the past three years. This growth is envisioned to multiply with the establishment of MESC-Fujikura Cable/Jordan Company in Jordan.”
According to Masao Kawabata, Fujikura’s senior executive vice president, the MESC – Fujikura Cable/Jordan Company will be a key player in bringing innovations and technologies to Jordan with the aim of enhancing the country’s industrial production standards and contributing to economic growth. The company will import its Japanese skills and know-how to help in local development and growth.
 Founded in Tokyo in 1885, Fujikura Limited is one of the largest cable manufacturers in the world, producing all types of cables including fibre optics. Fujikura Limited is listed on the Tokyo Stock Exchange. The company has 72 consolidated subsidiaries.