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voestaplipne Achieves New Record Reve...

by wirelinks on 05/31/2012 - 11:09 pm
Tag: Press Release

voestalpine's FY 2011/12 was macro economically characterized by an intensification of the sovereign debt crisis in Europe and a slow down of the economic dynamics of China and Brazil but also by positive developments in the USA.

 

Despite this volatile economic environment, the downstream oriented Divisions were able to keep their business performance largely stable, whereas the Steel Division developed significantly weaker due to the difficult situation of the European steel industry.

 

 

Nonetheless voestalpine Group was able to reach new record sales of EUR 12.1 billion. The results were affected by one-offs of EUR 205 million from the railways business, leading to co ...

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Germany Plans 3800-Kilometer, $25 Bil...

by wirelinks on 05/31/2012 - 08:31 pm
Tag: Projects

Fresh off the record-setting solar weekend in Germany, the country's transmission operators say plans are in the works for a huge transmission line buildout to accommodate growing wind power resources.

 



The goal is to build 3800 kilometers (more than 2300 miles) of high-voltage lines—2100 km direct current lines and 1700 alternating current lines—stretching from the Baltic coast in the south to the North Sea, which is already home to a few offshore turbines (and the government wants about 10 gigawatts of offshore wind installed by 2022 in order to help meet the country's renewable energy goals). By 2030, the hope is that more than 25 gigawatts will be installed— ...

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Bekaert and Xinsteel Break Ground for...

by wirelinks on 05/31/2012 - 04:51 pm
Tag: Projects

Bekaert and Xinsteel broke ground for a new production plant in Xinyu, Jiangxi Province, China.   The new plant, called Bekaert (Xinyu) New Materials Co., Ltd., will be located in Jiangxi Xinyu High-Tech Industrial Park Development Zone and will cover 75 000 m². It will house the spring wire manufacturing platform which is now located in two separate factories.

 



The plant is expected to come into operation in the third quarter of 2013, and will serve domestic customers mainly, with spring wires for various applications.

 



Bekaert formed a partnership with Xinyu Iron & Steel Co., Ltd (Xinsteel) in December 2011 through the set-up of a 50/50 joint venture, wi ...

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Andy Lewis, The New Executive Manager...

by wirelinks on 05/30/2012 - 04:48 pm
Tag: Personnel

Andy Lewis is the new executive manager of the International Wire and Machinery Association.  Mr Lewis, 41, started in his new role on 23rd May and is already looking forward to the challenges ahead at the world-leading wire and cable association.

 



The marketing professional, with more than 20 years' experience, has travelled extensively throughout his career and in his last position was responsible for marketing in Europe and the Asia-Pacific regions. Married to Katherine with two children, Georgina and Joey, the self-confessed sports fan said: "This new role is a really good opportunity for me personally. "Whilst I have a lot to learn I am looking forward to getti ...

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Baosteel High Grade wire-product Join...

by wirelinks on 05/29/2012 - 06:48 pm
Tag: Press Release

Recently, high grade wire-Products Joint Research Centre, which is set up by tube pipe and bar business unit, Baosteel Research Institute and Baosteel Metal three units - is officially inaugurated. Mr, Li Haiping, Executive Deputy Director of Baosteel Group Planning Committee, Mr. Jiang Licheng, deputy general manager of Baosteel as well as general manager of tube pipe and bar business unit, and Mr. Jia Yanlin, chairman of Baosteel Metal attended the opening ceremony.

 

 

As the extension of wire rod processing, each business unit for wire products of Baosteel Metal, tube pipe and bar business unit, and Baosteel Research Institute has carried out a series of close and fruitful j ...

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Strong showing, full exhibits marked ...

by wirelinks on 05/26/2012 - 04:19 am
Tag: Wire Expo

The Wire Association International (WAI), Inc. reports positive attendance and a sold-out exhibit floor resulting from the activity surrounding its new two-day Operations Summit & Wire Expo 2012, held at the Omni Dallas Hotel, May 22-23, 2012, Dallas, Texas, USA. The summit’s nearly 1,200 participants—with representatives from 39 states and 29 countries—shared in networking activities, panel and roundtable discussions, and interaction on the exhibit floor.

 



"The investment of time by the speakers, exhibitors, visitors, and Association volunteers is what made the format for this first-time Summit such a success. WAI set out to offer wire plant operators valua ...

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Conference Update from IWCS, Inc.

by wirelinks on 05/23/2012 - 06:01 pm
Tag: IWCS

The Board of Directors of the IWCS, in keeping with considerable feedback from the exhibitors in the Annual IWCS International Cable·Connectivity Symposium, has concluded that the exhibitor hours normally scheduled for the last day of the conference should be cancelled. 

 

 

Therefore, in Providence this November, exhibits will be open on Monday, November 12 and Tuesday, November 13.  On the first day, there will be no competing events scheduled.  On day two, the Poster Paper session is scheduled for late in the day adjacent to the exhibits, assuring strong traffic in the exhibit hall.  The Board believes that with this revised schedule, the exhibitors ...

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Production at Chinese Copper Fabricat...

by wirelinks on 05/23/2012 - 05:27 pm
Tag: Market Stats

Production at Chinese copper fabricators has slowed this year due to higher costs and financing issues, according to a report released Tuesday by Beijing Antaike, the state-owned metals research firm.

 

Citing recently released data from the China Nonferrous Metals Industry Association, Antaike analysts noted that production of semi-fabricated copper products peaked last year at 10.28 million mt. Semi-fabricated copper production in January-February 2012 totaled 1.58 million mt, up nearly 18.75% from January-February 2011, but the pace is slowing, Antaike said.

 

"Chinese copper fabricators have entered a bottleneck period after several years of capacity expansion, as refined c ...

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Mass Layoffs And Labor Law Violations...

by wirelinks on 05/22/2012 - 04:26 pm
Tag: Press Release

27 Workers Laid Off at Davis Wire; Layoffs are Illegal and Retaliatory, Teamsters Say.  Workers at the Davis Wire mill in Kent (S 194th St & 80th Ave S.) went on strike early this morning in response to mass layoffs and other unlawful actions by the company. Picket lines were established at 6AM.

 

 

The company laid off 27 employees at the Kent facility - nearly a third of its unionized workforce - just three days after a strike vote. Workers overwhelmingly voted to strike on May 12; the company laid off workers on May 15.  "I have no doubt that these layoffs are retaliatory in nature. For Davis Wire to purposely destroy workers' livelihoods and eliminate local man ...

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General Cable Corporation to Acquire ...

by wirelinks on 05/21/2012 - 06:57 pm
Tag: Acquisitions

General Cable Corporation announced that it has agreed to acquire Alcan Cable, the wire and cable business of Rio Tinto plc. The purchase price is $185 million in cash, subject to customary adjustments primarily related to working capital levels at closing as provided in the definitive purchase agreement. The Company expects to use its Asset Based Revolving Credit Facility to principally fund the transaction. The transaction is expected to close in the second half of 2012, subject to receipt of regulatory approval.

 



Alcan Cable employs approximately 1,050 associates in its aluminum cable manufacturing and distribution facilities servicing the energy and construction markets in the ...

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