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Usha Martin to invest Rs 30 cr in Tha...

by wirelinks on 05/15/2013 - 12:47 am
Tag: Press Release

Steel wire rope maker Usha Martin Ltd will invest Rs 30 crore for the equal joint venture between its existing Thai subsidiary Usha Siam Steel Industries Public Co Ltd and Tesac Wire Rope Co of Japan.

Rajeev Jhawar, MD, Usha Martin, said the construction for the proposed 1,000 tonnes-a-day greenfield facility in Thailand was on and the unit would be in operation by April. Usha Siam has it 3,000-tpd unit in an industrial park off Bangkok. The new unit will also come up in the same area.

At a press conference on Thursday, Jhawar said that Usha Martin was expanding its marketing to Russia, South Africa and Latin America.

The company has two marketing subsidiaries in Europe and a R&D arm ...

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Ormiston Wire celebrates 220 years

by wirelinks on 05/15/2013 - 12:45 am
Tag: Press Release

Ormiston Wire, one of Britain’s longest running family businesses, celebrates its 220th birthday this year. The company, which was formed in 1793 by Philip Ormiston in the city of London, is still going strong under the stewardship of his sixth-generation descendant Mark Ormiston.

Ormiston Wire began trading in 1793 as a manufacturer of spring-wire for corsets and wigs but soon diversified in the 19th century as one of many innovative manufacturers that drove Britain’s industrial revolution. However, there have been ups as well as downs. The 150th anniversary of the company, which occurred during World War II, was sadly marked by the factory being bombed out but, with such a he ...

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Hitachi Cable America Introduces 100m...

by wirelinks on 05/14/2013 - 12:57 am
Tag: Product Release

Hitachi Cable America Inc. is pleased to announce the launch of its Optical Active HDMI cable assembly. The unique design, which utilizes micro-media converters at each end of a fiber optic cable, permits the assembly to accommodate 1080p, Deep-Color, 3D and 4K2K up to 100 meters. Power to convert and transmit the signal over fiber optic cable is derived from the electronics into which the assembly is plugged.

The assembly is also plenum rated, which means it can be installed in virtually any indoor environment and be compliant to U.S. national electrical code. The cable assembly is available in lengths of 20, 30, 40, 50 and 100 meters. Due to the long lengths to which this cable will oper ...

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Leoni’s sales held steady in the 1st ...

by wirelinks on 05/12/2013 - 01:09 am
Tag: Press Release

Leoni, the leading provider of cables and cable systems to the automotive sector and other industries, kept the volume of its business virtually unchanged in the first quarter of 2013 despite partially tough underlying economic conditions. Consolidated sales from January to March came to EUR 959.0 million, down from EUR 969.1 million in the same period of the previous year. This involved consistently good sales to the automotive industry for the Asian and North American markets, whereas demand from carmakers in Europe as well as from other customer industries was down.

Consolidated earnings before interest and taxes (EBIT) amounted to EUR 38.5 million in the first three months of 2013 (pre ...

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