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SpecTran sells interest in General Photonics

22 July 1999: US-based SpecTran Corporation, which develops, manufactures and markets glass optical fibres and value-added fibre optic products, announced that it has sold its interest in its joint ve…

22 July 1999: US-based SpecTran Corporation, which develops, manufactures and markets glass optical fibres and value-added fibre optic products, announced that it has sold its interest in its joint venture with General Cable Corporation, General Photonics, LLC, to BICC General Cable Industries, Inc. for US$ 2.37 million. General Photonics, which manufactures optical fibre cables, was formed by SpecTran and General Cable Corporation in 1996. As part of the transaction, General Photonics repaid to SpecTran a US$ 325,000 loan, and BICC General Cable purchased approximately 30,000 kilometers of optical fibre from SpecTran“s Communication Fiber Technologies subsidiary.

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