Cablel Hellenic Cables Group increases its share participation in Icme Ecab S.A. to 98.6%
Milestones
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Restructuring of Icme Ecab S.A. and division of the company in two separate profit centres (PC): Insulating Materials PC and Cables PC
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The Cable PC becomes a full-fledged company named Icme Ecab S.A.
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Hellenic Cables S.A. becomes the main shareholder (95%) of Icme Ecab S.A.
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The Austrian company Isovolta (Oesterreichische Isolierstoffwerke AG) becomes the main shareholder of Icme Ecab S.A.
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The company changes its name to Icme Ecab S.A. (Intreprinderea de Cabluri şi Materiale Electroizolante, Cables & Insulating Materials Company)
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Icme Ecab S.A. merges with Electroizolantul company (Insulating Materials company) and the new company is renamed “Cables & Insulating Materials Factory”
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Founding of Icme Ecab S.A. under the name of “Electrocablu” as Cable manufacturing company