Jordan New Cable Company (JNC cables), the leading cable manufacturer in Jordan, has raised its paid up capital to 40 Million JD (approximately 56. 5 Million USD) through private placement. Amman Stock Exchange announced that the company has successfully completed the required procedures..

General Manager, Eng. Ahmad A. Al Sallakh, stated that the company was able to maintain its outstanding performance and growth of productivity during the first half of this year.

Mr. Al Sallakh added “I am confident that the company will be able to enhance its performance by raising its competitive abilities in the current and potential markets in terms of quality and sales volume”.

JNC cables effectively penetrated new markets in the MENA and the gulf regions such as Bahrain, Yemen, Qatar and Libya. In addition, and supported by MESC group position as the one-stop-shop for all types of cables; JNC cables supplied its products for major projects in Jordan and the gulf region.

JNC cables will complete its fifth expansion within the coming months; this expansion will increase the production capacity and will widen the product range of low voltage power cables. This will also contribute enhancing the efficiency and productivity of the production line and reducing waste through cost control.