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Italy - Prysmian improves organic sales decline in Q3 - 0 views

www.prysmian.com/...news.html

italy prysmian sales results

shared by Caroline Millar on 06 Nov 09 - Snapshot

Caroline Millar on 06 Nov 09

Italy's Prysmian, leading energy and telecom cables and systems manufacturer, reported the first signs of market stabilisation in its third quarter 2009 results, with organic sales decline improved to -16% in Q3 (from -18.3% in H1) and adjusted ebitda margins stable at 10.7% (10.5% in H1). 9-month sales revenues were €2.78bn (compared to €3.95bn a year ago); EMEA region's organic sales (70.2% of total) were down 16% while N.America (9.7% of total) was down 43%. The strategic high voltage power transmission cables sector saw Q2's orders intake recovery confirmed in Q3, with order backlogs through 2010. The company is co-operating with anti-trust investigations into this sector in Australia, New Zealand, Europe, US and Japan.

<div class="cArrow"> </div><div class="cContentInner">Italy's Prysmian, leading energy and telecom cables and systems manufacturer, reported the first signs of market stabilisation in its third quarter 2009 results, with organic sales decline improved to -16% in Q3 (from -18.3% in H1) and adjusted ebitda margins stable at 10.7% (10.5% in H1). 9-month sales revenues were €2.78bn (compared to €3.95bn a year ago); EMEA region's organic sales (70.2% of total) were down 16% while N.America (9.7% of total) was down 43%. The strategic high voltage power transmission cables sector saw Q2's orders intake recovery confirmed in Q3, with order backlogs through 2010. The company is co-operating with anti-trust investigations into this sector in Australia, New Zealand, Europe, US and Japan.</div>

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Mexico - Luvata officially opened its new copper tube plant - 0 views

www.amm.com/...+tube+pipe+operation+in+Mexico

Mexico Luvata copper tube

shared by Panos Kotseras on 05 Nov 09 - Snapshot

Panos Kotseras on 05 Nov 09

Luvata officially opened its first copper tube plant in Mexico, aiming to fabricate tubes for the HVACR industry. The company sees the current downturn in the commercial tube market as a convenient time to establish its position in the marketplace and be ready when the market picks up. The Monterrey-based plant has started with small but steady deliveries since mid-June. Currently, the plant employs 180 staff with the plan to raise workforce to 250 when the full capacity level of 2,500t per month is reached in H1 2010. Luvata aims to supply several major clients but also expand its clientele to new and smaller Mexican customers. The company intends to differentiate itself by offering just-in-time deliveries, enabling its clients to run reduced inventory levels.

<div class="cArrow"> </div><div class="cContentInner">Luvata officially opened its first copper tube plant in Mexico, aiming to fabricate tubes for the HVACR industry. The company sees the current downturn in the commercial tube market as a convenient time to establish its position in the marketplace and be ready when the market picks up. The Monterrey-based plant has started with small but steady deliveries since mid-June. Currently, the plant employs 180 staff with the plan to raise workforce to 250 when the full capacity level of 2,500t per month is reached in H1 2010. Luvata aims to supply several major clients but also expand its clientele to new and smaller Mexican customers. The company intends to differentiate itself by offering just-in-time deliveries, enabling its clients to run reduced inventory levels.</div>

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Carbon-free copper smelting technology - 0 views

english.people.com.cn/...6803514.html

trends copper china carbon

shared by Colin Bennett on 05 Nov 09 - Snapshot

Colin Bennett on 05 Nov 09

"Recently, carbon-free copper smelting technology, a technology with full independent intellectual property rights, has passed expert examination organized by China Nonferrous Metals Industry Association (CNIA) in Dongying, Shandong province. It is the first time zero-carbon emissions in the copper melting process has been realized and also opens a new gate for low-carbon development of China's nonferrous metals industry."

<div class="cArrow"> </div><div class="cContentInner">"Recently, carbon-free copper smelting technology, a technology with full independent intellectual property rights, has passed expert examination organized by China Nonferrous Metals Industry Association (CNIA) in Dongying, Shandong province. It is the first time zero-carbon emissions in the copper melting process has been realized and also opens a new gate for low-carbon development of China's nonferrous metals industry."</div>

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China - CNIA: copper semis output growth in October, will continue in Q4 2009 - 0 views

www.antaike.com/...shownews.asp

china CNIA copper semis output

shared by Caroline Millar on 04 Nov 09 - Snapshot

Caroline Millar on 04 Nov 09

The China Nonferrous Metals Association (CNIA) reports that in October the operating rate of Chinese copper wire and rod enterprises was 78.3%, up 2.8% y/y, and that of copper tube enterprises (previously down 59.2% y/y in September ) was 73.3%, up 22.8% y/y and 14.1% m/m. Copper semis output Jan-Sep was 6.27mt, up 18% y/y. The fourth quarter is the traditional peak production season, driven by the growth of end use industries such as home appliances and automobiles etc, and CNIA expects to see continued growth in consumption.

<div class="cArrow"> </div><div class="cContentInner">The China Nonferrous Metals Association (CNIA) reports that in October the operating rate of Chinese copper wire and rod enterprises was 78.3%, up 2.8% y/y, and that of copper tube enterprises (previously down 59.2% y/y in September ) was 73.3%, up 22.8% y/y and 14.1% m/m. Copper semis output Jan-Sep was 6.27mt, up 18% y/y. The fourth quarter is the traditional peak production season, driven by the growth of end use industries such as home appliances and automobiles etc, and CNIA expects to see continued growth in consumption.</div>

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Southern Copper CEO Sees Return to $4 Copper on U.S. Demand - 0 views

www.bloomberg.com/...news

trends copper southern

shared by Colin Bennett on 04 Nov 09 - Snapshot

Nov. 4 (Bloomberg) -- Copper prices may rebound to $4 a
pound next year because of recovering economic growth in the
U.S. and Europe and a lack of new supply, Southern Copper Corp.
Chief Executive Officer Oscar Gonzalez Rocha said.
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Pedal to the metal: Structural reforms to boost Mexico - 0 views

www.oecd.org/...49_37443_1_1_1_1_37443,00.html

trends copper mexico

shared by Colin Bennett on 04 Nov 09 - No snapshot

Pedal to the metal: Structural reforms to boost long-term growth in Mexico and spur recovery from the crisis
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Mexico - Copper output in August down 14% y/y - 0 views

communities.thomsonreuters.com/...469761

mexico copper output august

shared by Caroline Millar on 03 Nov 09 - Snapshot

Caroline Millar on 03 Nov 09

Mexican copper output fell to 18,465 tonnes in August, down 14.4% from the same month a year earlier, according to data from the National Statistics Institute on 30 October. The country's copper output has been hit by a more than two-year long strike at its largest mine, the Cananea mine owned by Grupo Mexico.

<div class="cArrow"> </div><div class="cContentInner">Mexican copper output fell to 18,465 tonnes in August, down 14.4% from the same month a year earlier, according to data from the National Statistics Institute on 30 October. The country's copper output has been hit by a more than two-year long strike at its largest mine, the Cananea mine owned by Grupo Mexico.</div>

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Japan - Sumitomo Electric to improve profitability for FY2010 - 0 views

global-sei.com/...fb2009_2.pdf

japan SEI sumitomo electric sales profits

shared by Caroline Millar on 02 Nov 09 - No snapshot

Caroline Millar on 02 Nov 09

Sumitomo Electric Industries' on 30 October reported sales in H1 (ended Sep) of fiscal 2009 were down 35% y/y at ¥812.3bn, and posted ¥9.7bn net loss (against ¥39.7bn profit a year ago) and ¥7.0bn operating loss (against ¥49.2bn profit). However the automobile business unit - main output automotive wiring harness - in Q2 posted ¥5.5bn operating profit against Q1's ¥8.6bn loss and forecasts ¥20.1bn operating profit in H2 (ended Mar'10). President Masayoshi Matsumoto said the firm expects improved profitability in fiscal 2010 though automobile demand could slow in April-June when automakers plan to reduce output by 20-30% from Jan-March.

<div class="cArrow"> </div><div class="cContentInner">Sumitomo Electric Industries' on 30 October reported sales in H1 (ended Sep) of fiscal 2009 were down 35% y/y at ¥812.3bn, and posted ¥9.7bn net loss (against ¥39.7bn profit a year ago) and ¥7.0bn operating loss (against ¥49.2bn profit). However the automobile business unit - main output automotive wiring harness - in Q2 posted ¥5.5bn operating profit against Q1's ¥8.6bn loss and forecasts ¥20.1bn operating profit in H2 (ended Mar'10). President Masayoshi Matsumoto said the firm expects improved profitability in fiscal 2010 though automobile demand could slow in April-June when automakers plan to reduce output by 20-30% from Jan-March.</div>

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China taps huge copper reserves in Afghanistan - 0 views

www.examiner.com/r_reserves_in_Afghanistan.html

trends copper china afghanistan

shared by Colin Bennett on 02 Nov 09 - Snapshot

Chile - September copper output rises 8.5% y/y - 0 views

communities.thomsonreuters.com/...468989

chile copper output september

shared by Caroline Millar on 30 Oct 09 - Snapshot

Caroline Millar on 30 Oct 09

Chile, the world's biggest copper producing country, saw September copper output rise 8.5% y/y to 464,560 tonnes (up from 428,280 tonnes in September 2008), according to government data released 29 October. This follows a 7.8% y/y rise in August but the country's 9-month copper production is down 1.1% y/y at 3.94 million tonnes.

<div class="cArrow"> </div><div class="cContentInner">Chile, the world's biggest copper producing country, saw September copper output rise 8.5% y/y to 464,560 tonnes (up from 428,280 tonnes in September 2008), according to government data released 29 October. This follows a 7.8% y/y rise in August but the country's 9-month copper production is down 1.1% y/y at 3.94 million tonnes.</div>

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Shakeel Ahmed is new Hindustan Copper chief - 0 views

www.newkerala.com/nkfullnews-1-139809.html

trends copper hindustan

shared by Colin Bennett on 29 Oct 09 - Snapshot

Kolkata, Oct 28 : Public sector undertaking Hindustan Copper Wednesday said Railway Board advisor Shakeel Ahmed will be its next chairman and managing director.
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Kores, LS-Nikko To Buy 20% Stake In Panama Copper Mine - 0 views

news.morningstar.com/...ViewNews.aspx

trends copper Nikko

shared by Colin Bennett on 29 Oct 09 - Snapshot

SEOUL -(Dow Jones)- State-run Korea Resources Corp., or Kores, said Thursday
it and LS-Nikko Copper Inc. have signed a contract to jointly buy a 20% stake in
the Petaquilla copper mine in Panama.
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IEA members 'not on track' on energy efficiency - 0 views

www.wbcsd.org/...details.asp

Energy Efficiency IEA

shared by Glycon Garcia on 29 Oct 09 - Snapshot

IEA members ‘not on track’ on energy efficiency

Environmental Finance, 22 October
2009 - “More action is needed” by International Energy Agency (IEA) member
countries on energy efficiency, according to a new report from the agency.

“IEA member countries are implementing a full range of energy efficiency
activities,” the report finds. “However, more action is needed … IEA member
countries need to urgently extend their efforts in energy efficiency policy,”
especially in transportation.
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Mexico - New copper commercial tube plant by Golden Dragon - 1 views

news.xinhuanet.com/...content_12354182.htm

Mexico copper commercial tube Golden Dragon

shared by Panos Kotseras on 29 Oct 09 - Snapshot

Panos Kotseras on 29 Oct 09

Golden Dragon, based in China's Hunan province, opened a new copper tube plant in the city of Monclova, northern Mexico. The investment of the project amounted to US$100 million and represents the biggest Chinese investment ever made in Mexico. The plant covers 200,000m2 and will employ 900 staff. Currently, annual output capacity is 60,000t of copper tube for air conditioners but the plan is to raise that to 120,000t. The new project will benefit from low industrial costs and a competitive exchange rate; it aims to supply the North American and European markets.

<div class="cArrow"> </div><div class="cContentInner">Golden Dragon, based in China's Hunan province, opened a new copper tube plant in the city of Monclova, northern Mexico. The investment of the project amounted to US$100 million and represents the biggest Chinese investment ever made in Mexico. The plant covers 200,000m2 and will employ 900 staff. Currently, annual output capacity is 60,000t of copper tube for air conditioners but the plan is to raise that to 120,000t. The new project will benefit from low industrial costs and a competitive exchange rate; it aims to supply the North American and European markets.</div>

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USA - General Cable announced sales figures for Q3 - 0 views

investor.generalcable.com/phoenix.zhtml

General Cable sales

shared by Panos Kotseras on 28 Oct 09 - Snapshot

Panos Kotseras on 28 Oct 09

General Cable, the US wire and cable maker, announced that its net income in Q3 2009 amounted to US$16.4 million compared with US$50.5 million in the same period last year. This is a 68% y-o-y plunge. Net sales in Q3 2009 added up to US$1.08 billion, down by 25% y-o-y on a metal adjusted basis. In the same period, operating income plummeted by 59% y-o-y to US$49.4 million. The company expects that in Q4 markets in developing regions will perform relatively better compared with developed regions. This is partly attributed to infrastructure projects and better credit conditions.

<div class="cArrow"> </div><div class="cContentInner">General Cable, the US wire and cable maker, announced that its net income in Q3 2009 amounted to US$16.4 million compared with US$50.5 million in the same period last year. This is a 68% y-o-y plunge. Net sales in Q3 2009 added up to US$1.08 billion, down by 25% y-o-y on a metal adjusted basis. In the same period, operating income plummeted by 59% y-o-y to US$49.4 million. The company expects that in Q4 markets in developing regions will perform relatively better compared with developed regions. This is partly attributed to infrastructure projects and better credit conditions.</div>

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Advanced Automation Needed To Achieve Smart Grid Success - 0 views

www.engineerlive.com/...22163

trends copper smart grid

shared by Colin Bennett on 27 Oct 09 - Snapshot

Japan - Copper semis output fell by 17% y-o-y in September - 0 views

communities.thomsonreuters.com/...464331

Japan copper semis

shared by Panos Kotseras on 27 Oct 09 - Snapshot

Panos Kotseras on 27 Oct 09

The Japan Copper and Brass Association said that copper semis output in Japan fell by 17% y-o-y to 66,145t in September. But from a m-o-m perspective, September rose by 5%, the sixth consecutive monthly improvement. It was reported that even though it was the 14th y-o-y decline, the decrease narrowed supported by the pick up in demand from the semiconductor, automobile and electronics industries. It is expected that demand in FY2009 will amount to 713,930t; that will be the lowest level since FY1975 and will represent an 11% contraction compared with FY2008.

<div class="cArrow"> </div><div class="cContentInner">The Japan Copper and Brass Association said that copper semis output in Japan fell by 17% y-o-y to 66,145t in September. But from a m-o-m perspective, September rose by 5%, the sixth consecutive monthly improvement. It was reported that even though it was the 14th y-o-y decline, the decrease narrowed supported by the pick up in demand from the semiconductor, automobile and electronics industries. It is expected that demand in FY2009 will amount to 713,930t; that will be the lowest level since FY1975 and will represent an 11% contraction compared with FY2008.</div>

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China's Refined Copper Imports Climb 29% in September - 0 views

www.chinamining.org/...1256527400d30185.html

trends copper china

shared by Colin Bennett on 26 Oct 09 - Snapshot

Japan - Copper wire & cable shipments fell by 17% y-o-y in September - 0 views

communities.thomsonreuters.com/...461690

Japan wire & cable

shared by Panos Kotseras on 26 Oct 09 - Snapshot

Panos Kotseras on 26 Oct 09

According to data released by the Japanese Electric Wire and Cable Makers' Association, Japanese copper wire and cable offtake in September contracted by 17% y-o-y, the 12th sequential monthly decrease. Shipments in September amounted to an estimated 57,800t, a 14% m-o-m increase. The copper wire and cable sales forecast for FY2009 has been revised down to 648,000t compared to an earlier projection of 705,000t.

<div class="cArrow"> </div><div class="cContentInner">According to data released by the Japanese Electric Wire and Cable Makers' Association, Japanese copper wire and cable offtake in September contracted by 17% y-o-y, the 12th sequential monthly decrease. Shipments in September amounted to an estimated 57,800t, a 14% m-o-m increase. The copper wire and cable sales forecast for FY2009 has been revised down to 648,000t compared to an earlier projection of 705,000t. </div>

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France - Nexans announces Q3 2009 sales figures - 0 views

www.nexans.com/...ter_financial_information.html

Nexans sales wire cable

shared by Panos Kotseras on 23 Oct 09 - Snapshot

Panos Kotseras on 23 Oct 09

Nexans published its Q3 2009 sales figures and reported revenues of €1.27 billion (US$1.90 billion) compared to €1.69 billion (US$2.53 billion) in Q3 2008, a decline of 25%. At constant metal prices, sales in Q3 2009 amounted to €988 million (US$1.48 billion), which corresponds to a 19% organic decrease. For the nine months ending September 30 the company reported an organic fall in cable business sales of 17%, based on constant metal prices calculations. This compares with a 16% contraction experienced in H1 2009. Nexans said that lower building cable sales in Europe and Asia-Pacific as well as setbacks in the execution of high voltage contracts affected its sales figures. Energy cable revenues in Q3 were down by 13% y-o-y; those of telecom cables plunged by 19% y-o-y. In line with planned cutbacks in production capacity, electrical wire sales in Q3 were down by 35% y-o-y.

<div class="cArrow"> </div><div class="cContentInner">Nexans published its Q3 2009 sales figures and reported revenues of €1.27 billion (US$1.90 billion) compared to €1.69 billion (US$2.53 billion) in Q3 2008, a decline of 25%. At constant metal prices, sales in Q3 2009 amounted to €988 million (US$1.48 billion), which corresponds to a 19% organic decrease. For the nine months ending September 30 the company reported an organic fall in cable business sales of 17%, based on constant metal prices calculations. This compares with a 16% contraction experienced in H1 2009. Nexans said that lower building cable sales in Europe and Asia-Pacific as well as setbacks in the execution of high voltage contracts affected its sales figures. Energy cable revenues in Q3 were down by 13% y-o-y; those of telecom cables plunged by 19% y-o-y. In line with planned cutbacks in production capacity, electrical wire sales in Q3 were down by 35% y-o-y.</div>

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