Monday June 19, 8:56 am Eastern Time
Alcatel to triple fiber optics production
DALLAS, June 19 (Reuters) - France's Alcatel < said Monday it will triple capacity at its fiber optics production plants within two years.
``We have made the strategic decision not only to grow the business to meet today's demand, but to proactively meet our customers' demand in the future,'' said Jacques Blanc, president of Alcatel fiber optics.
The fiber market is expected to grow by over 30 percent this year, the French-based maker of telecommunications and power cables said.
Alcatel expects the fiber optics growth to continue at this level for the next few years, as demand increases for a full range of solutions, including fiber for the metropolitan and access markets, its statement continued. The statement contained no specifics and company officials were not immediately available for comment.
Alcatel noted it currently produces fiber optics fiber in six plants throughout the world. The new investment, however, will focus mainly on the major production plants in Europe and its U.S. plant in Claremont, N.C., it said. |
