Trends's feed | Diigo Group

Kulicke & Soffa Announces Agreements to Acquire Orthodyne Electronics and Divest its Wire Business Unit to Heraeus GmbH | EMAsiaMag.com

Fri, 15 Aug 2008 21:01:16 -0000

Tags: semiconductor trends wire

Posted by: gulfcoast

Verizon, 2 unions agree on new 3-year contact - International Herald Tribune

Mon, 11 Aug 2008 19:07:12 -0000

Tags: contract copper verizon wire

Posted by: gulfcoast

Encore Wire Corporation announced results for Q2 2008

Thu, 24 Jul 2008 13:20:23 -0000

Comments:

Encore Wire’s six months ended 30th June 2008 net sales were US$604.6M, an increase of 1.7% from same period last year. The increase appears to be the result of higher prices of building wire. Net income was US$15Mfor the six months ended 30thJune 2008 versus US$26.1M in 2007. In Q2, net sales were US$322.8M versus US$333.6M same period last year. Net income for Q2 was US$1.3M compared to US$19.7M in Q2 2007. Encore Wire said that the slowdown in construction activity in the US continues to impact their business as it has over the last two years. Moreover, a number of competitors in the industry have responded to the downturn by cutting wire prices to maintain market share. posted by skeung

Tags: encore q2 results wire

Posted by: skeung

Superconductor cables giving LIPA energy efficiency

Fri, 18 Jul 2008 14:05:32 -0000

Highlights and Sticky Notes:

It looks ordinary, like a razor-thin metal ribbon. But the high-temperature superconductor power transmission cable the Long Island Power Authority recently installed in Ronkonkoma revolutionizes how electricity is delivered, utility and federal officials said.

The cable -- which is a fraction of the size of a traditional copper wire but can carry three times the power -- made its ceremonial debut yesterday with officials from LIPA, the U.S. Department of Energy and officials from the company that makes the cable. It went online April 22, the world's first use of the new technology in a commercial power grid.

Utilities around the world are looking at superconductivity to improve efficiency of their grids and make them less vulnerable to blackouts. LIPA has buried three 2,000-foot wires in its right-of-way, and it will be installing a second generation of the wire in the same area as a test.

The wire, manufactured by

American Superconductor Corp

., conducts 150 times the electricity of the same sized copper wires, strand-for-strand. This means transmission cables can be far smaller and still conduct as much as three to five times more power in a smaller right-of-way.

When operated at full capacity, the 138-kilovolt cable LIPA uses is capable of transmitting up to 574 megawatts of electricity, enough to power 300,000 homes.

The Department of Energy has funded $27.5 million of the $58.5 million cost of the project as part of its effort to spur creation of a modern electricity superhighway free of bottlenecks and that transmits power to customers from remote generation sites such as wind farms.

Superconducting technology relies on a phenomenon first identified in 1911. When chilled sufficiently by a recirculating coolant -- liquid nitrogen in LIPA's case -- superconducting material loses virtually all resistance to the flow of the alternating current used in a commercial power grid.

Tags: capacity copper grid superconductor wire

Posted by: gulfcoast

Tanaka Denshi Kogyo Expand Copper Bonding Wire Production

Fri, 11 Jul 2008 10:52:03 -0000

Comments:

The firm Tanaka Denshi Kogyo, of the Tanaka Kikinzoku Group, has announced it is to expand its output of copper bonding wire to 20 million metres per month, a five-fold increase. The increase will come from an additional production line at the firm’s Singapore plant which produces copper bonding wire and from establishing a new production line at the Saga plant in Japan. The company forecasts that the global bonding wire market could double between 2008 and 2010. Copper bonding wire demand could also strengthen as it is a substitute for gold bonding wire, and therefore will benefit whilst the gold price remain high. Tanaka Denshi Kogyo has also recently begun the sale of a new copper bonding wire, TCA1. The firm said that TCA1 is copper wire with a 99.99% purity and a diameter of between 20-70 micrometres. It’s price is around a third that of gold bonding wire. posted by skeung

Tags: copper expand japan production wire

Posted by: skeung

Superior Essex to Close Magnet Wire Plant in Chauny

Fri, 04 Jul 2008 13:18:39 -0000

Comments:

Superior Essex has announced it is to close its magnet wire plant in Chauny, France at a cost of €12 million ($18.8 million). The plant, which dates back to 1922, was bought by Superior last year and operates under the company’s Essex SAS subsidiary. The closure of the plant will bring production capacity in line with demand the company said. Just under $16 million of the charges related to the closure is for employee severance costs with the rest for equipment relocation and disposal. A review of the plant began three months ago before the sale of Superior Essex to LS Cable was agreed. Meanwhile LS Cable said its first half operating profit increased by over 50% with the Middle East and China leading global demand through the development of utilities and phone lines to meet power needs and internet usage. The chief executive of LS Cable, Christopher Koo, said orders from the Middle East are likely to increase by 80% this year to $450 million. Mr Koo said he expects global cable demand to increase by 4% a year to 2011, with China increasing by 8% annually. posted by skeung

Tags: copper essex magnet superior wire

Posted by: skeung

Sumitomo Develops New Winding Wire

Fri, 13 Jun 2008 16:12:29 -0000

Comments:

US speciality brass mill Ansonia Copper and Brass Inc. has announced that it will lay off 85 of the 102 employees at its Liberty Street, Ansonia, factory in Connecticut. The plant manufactures copper alloy rod and wires. Company President Raymond McGee said “it’s a very, very difficult situation”. He blamed the redundancies, on top of 76 employees laid off in April 2007, on the company’s struggle with escalating costs. Since 2002 electricity costs have soared 239%, natural gas 200%, fuel oil 125%, and copper and nickel 500% apiece. Ansonia’s other facility in Waterbury, CT, which manufacturers copper alloy tube is unaffected by the announcement. posted by jonbarnes
Dowa Metanix announces capacity increase Company announces new pickling line and facility renewal Dowa Metanix, the rolled copper maker of the Dowa Metaltech group announced it will invest around ¥2 billion (US$ 19 million) in a new pickling line and renewal facility during the current fiscal year which began in April 2008. The new pickling line is expected to begin operations early in the fiscal year 2009 and the new line and improved facilities are expected to improve the firm’s cost competitiveness. The company then said it plans to expand output capacity by 40% to 1,200 tonnes per month by 2010 as it tries to improve productivity to increase its supply for connector pins and semi conductor lead frames. posted by ruthchapman
In the past few days world leading cablemaker Nexans has announced one acquisition, one new joint venture and one asset disposal. On the 30th May, Nexans acquired Intercond a leading Italian manufacturer of special cables for industrial equipment and subsea applications. The company had sales of €90m and employs 150. “This [€90m] acquisition fits totally in the Group’s strategy by increasing the proportion of its business in high value-added special cables”, said Gerard Hauser, Chairman and CEO of Nexans. On the 2nd June, Nexans released a press report confirming that it has formed a joint venture to create a wire and cable plant in Qatar, the country’s first manufacturing facility. Qatar International Cable Company (QICC) is owned 29% by Nexans with the balance being owned by Special Projects Company and Al Neama Industrial Co. The new plant in the industrial city of Mesaleed, 40km from Doha, and will employ 210 people. By the end of 2009 it will begin manufacturing low and medium voltage cables for buildings and energy infrastructure as well as special cables for the oil and gas industry. This JV will generate sales of $150m per year by 2010 at current copper prices. Finally, Nexans confirmed that it has completed the pre-announced sale of its copper telecom cable plant at Santander in Spain to the British company B3 Cable Solutions for €17m. These three actions continue to refocus the group’s strategy on priority market segments. posted by jonbarnes
Hot on the heels of the news that Nexans was to build a joint venture in Qatar to construct the country’s first wire and cable factory , comes today’s news that El Sewedy Cables of Egypt is also to build a $150m power cable plant in Qatar. The 30,000tpy capacity plant will start operating at the end of 2009 or early 2010 and will mostly sell to the domestic market. El Sewedy will own 50% of the company and Qataru based Aamal Holding will hold the remainder. El Sewedy is currently building new cable factories in Algeria and Saudi Arabia, with both expected to start later this year. posted by jonbarnes
Turkish copper semis producer Sarkuysan expects its output of copper products (wirerod, wire, tube and billet) to rise from 185,000 tonnes in 2007 to around 200,000 tonnes in 2008. According to the General Manager Hayrettin Cayci, “The market is forcing us to increase production as demand, particularly in Turkey, is very healthy”, adding that demand came mainly from a Turkish property construction boom. “There’s a big boom in demand for energy cables. Plus developed European countries have pulled away from cable production and they’re mainly supplying from countries like Turkey”. However, high copper prices have eroded profit margins so the company is focussing on more higher value products. He expected total Turkish copper demand (refined and scrap) to rise above 500,000 tonnes this year, from 450,000 tonnes now, and by 2010 he expected demand would reach 600,000 tonnes. Refined copper consumption is currently around 300,000 tonnes. posted by jonbarnes

Tags: japanese sumitomo winding wire

Posted by: skeung

Emirates International Investment Company reveals ambitious Dhs1.8bn plan to establish six hi-tech cable factories globally | EIIC

Thu, 15 May 2008 07:18:24 -0000

Highlights and Sticky Notes:

As part of its strategy to broaden its international presence and develop its business units, the Emirates International Investment Company (EIIC) has announced ambitious plans to build six hi-tech factories in the UAE, Kingdom of Saudi Arabia (KSA), Algeria, Romania and Vietnam, at a value of Dhs1.8bn.

Tags: algeria cable middle east romania saudi arabia uae vietnam wire

Posted by: keulenae