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Jon Barnes

Mueller Industries posts weaker Q2 earnings - 0 views

shared by Jon Barnes on 22 May 08 - Cached
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    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.
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    Tough times in the US brass mill industry
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    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.
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    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.
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    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.
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    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.
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    The Exsym Corporation, the joint venture between SWCC Showa Holdings and Mitsubishi Cable Industries, has announced plans to expand its exports of ultra high voltage cables to the Middle East and South East Asia. In order to meet this increase in demand, a horizontal sheathing line has been transferred to the company's Aichi plant in Japan. This will bring the number of sheathing lines for ultra high voltage cables at the plant to three, once the transferred line begins commercial operation over the summer. Exsym also plans to renew one of the two conductor stranding lines at the Aichi plant with the new line expected to begin commercial operation in November 2008. With these new lines as well as an increased number of construction staff, copper cable capacity at the plant is expected to grow by around 200 tonnes per month to 1,200 tonnes per month. In the fiscal year 2007, Exsym posted revenue of ¥41 billion ($0.39 billion) with an operating profit of almost ¥2 billion ($0.02 billion). Exports of ultra high voltage cables to the Middle East and South East Asia accounted for around 40% of the total revenue. The company expects the increase in export capacity to increase revenue to ¥43 billion ($0.41 billion) per year by the end of the fiscal year 2010.
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    Mitsubishi Shindoh is to invest Yen6-7 billion to expand production of copper strips at its Sambo plant in Osaka, Japan. This will increase capacity from 3,200 tonnes per month (tpm) to 4,200tpm by March 2010. In addition, the company will transfer 800tpm of copper strip production from its plant in Wakamatsu, Fukushima, Japan, bringing total production capacity to 5,000tpm. Mitsubishi Shindoh will also spend Yen6 billion to improve its copper alloy strip capabilities at its Wakamatsu plant. Productive capacity will remain at 6,500tpm, but with an increased ratio of high quality products. As a result, total company capacity will grow by 40% to 11,500tpm. Mitsubishi Shindoh is a copper and copper alloy fabricator within the Mitsubishi Materials Group. Japan mills have recently seen a strong growth in orders from the semiconductor, leadframe, connector and automotive industries, and clearly expect this to continue.
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    Hindalco Industries and Sterlite Industries - the two privately owned Indian copper smelter/refinery/rod producers - are considering changing their domestic pricing mechanism for copper due to the dramatic rise in oil prices. At present, a uniform pricing system for customers all over the country is in place, however, the companies are mulling a change to ex-works pricing. This would mean that customers would be charged a different price depending on their delivery destination from the smelter. To balance the recent hike in fuel prices, they had recently started levying a Rs2/kg freight charge across the country irrespective of distance. Diesel is used in firing the furnaces while furnace oil is used in running them. The total fuel cost is estimated at 10-12% of the price of copper, with 1% of this being the transportation cost. The fuel price hike has not affected domestic copper demand as yet, but a prolonged period of this sentiment may hit many developing infrastructure projects badly.
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    Jiangxi Copper said it expects Chinese refined copper consumption to grow at 8-10% this year driven by investment in the power industry. Power generation accounts for between 50-60% of all copper used in China. Damage to power generation capacity caused by this year's earthquake in Sichuan province will require a major rebuilding program which will also stimulate copper consumption. Chinese refined copper imports fell by 23% year on year between January and April, however, this decline was at least partly explained by a 23% expansion in Chinese refined copper production during the period. Wu Yuneng, General Manager of JCC Southern Copper said, "We need more concentrate and scrap rather than refined copper".
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    Four major Japanese copper tube producers plan to reduce production by 4% year-on-year to 84,220 tonnes in total during the first half of the fiscal year 2008 (April 07-March 08). It is reported that demand for copper tubes has fallen because of the inactive construction industry as well as high copper prices. The construction industry saw a major slowdown last year after the introduction of new building regulations. All four producers expected this weak trend to continue. Sumitomo Light Metal is the only producer who plans to increase its output estimate, but only by 1% year-on-year. Kobelco & Materials Copper Tube says that it would decrease normal tube output for export to adjust the inventory level at its Malaysian operation. Furukawa Electric and Hitachi Cable said they would need to focus more on their commercial tube businesses. It is believed that the tube market has also been hit by substitution from aluminium.
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    As of the 30th May, the Optical Cable Corporation acquired Superior Modular Products Incorporated (known in business as SMP Data Communications) in a deal worth $11.5 million. SMP Data Communications is now a wholly owned subsidiary of the Optical Cable Corporation. The President and CEO of Optical Cable, Neil Wilkin, said the acquisition would enable the company to expand its product offerings with more complete cabling and connectivity solutions, including fibre optic and copper connectivity. SMP Data Communications manufactures more than 2,000 products including cutting edge Category 6a connectivity solutions which offer a 10 Gig throughput.
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    A subsidiary of Japanese company Sumitomo Electric Industry Group, Sumitomo Electric Wintec Inc, has recently developed a new type of winding wire. The HGZ is a scratch-resistant winding wire for varnish impregnation for compressor motor. The company has started selling this new type of winding wire. This new development improves the adhesive tendency of varnish which solves the problem of varnish impregnation in fixing coil from traditional scratch-resistant winding wire. It also improves the energy efficiency of motor as it forms coil with higher density. Sumitomo Electric Wintec specialises in copper-based magnet wire and it serves mainly the manufacturers of air conditioners, automobiles, refrigeration equipment and televisions.
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    Luvata's ECO-Heatcraft division has launched a new technology for its air conditioning and refrigeration systems based upon using carbon dioxide as a refrigerant. The company believes that, as well as offering zero ozone depletion and less effect on global warming, the use of carbon dioxide can also allow more efficient operation of the system than traditional refrigerants. Luvata claims that, "The higher volumetric efficiency of carbon dioxide (known as R744) means that the cross sectional area of pipes used in heat transfer equipment can be reduced. As a result, equipment has the potential to be smaller, lighter, more efficient and better for the environment". The development of smaller diameter pipes with reduced wall thicknesses would tend to favour existing inner grooved copper tube based designs rather than emerging aluminium based technologies.
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    Further evidence of the impact of the North American economic slowdown on copper demand has recently been published by the ABMS and government statistical bodies. North American copper wirerod production plummeted 9.6% year-on-year to 174,000 tonnes in April. Output had been on a downward trend but the magnitude of the deterioration in April has still come as something of a surprise. A year-on-year increase of 2.0% in North American output January had been followed a 1.0% fall in February and a 2.7% drop in March. In April Canadian output was flat year-on-year due to improving export sales to the US, while US production fell 9.8% year-on-year and Mexican shipments slumped by 17.5%. On a year-to-date basis North American wirerod production was 2.9% lower in the four months to April 2008. Weakening demand from the automotive industry, coupled with a resurgance in copper prices and the return of Russian wirerod imports has clearly led to a deteriorating market situation for domestic mills.
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    Mueller Industries second quarter results highlight the tough times that the US brass mill industry is facing, but that companies can still operate profitably in a challenging market environment. The company's plumbing and refrigeration segment saw sales fall 11% to US$404m, while its operating profits dropped 32% to US$35m. The company blamed lower shipment volumes and lower spreads for the weaker performance. Sales at the company's OEM division, which includes its brass rod activities, rose 10% year-on-year to US$354m, while its operating profits rose 5% to US$19m. The improvement here is due to acquisition of Extruded Metals. Commenting on the results Harvey Karp, Chairman of Mueller Industries said "Mueller's earnings for the first half of 2008 were achieved despite the continuing decline in the housing industry, the sub-prime mortgage meltdown, the turbulence in the financial markets, rising metal costs, sky-high energy prices and a slowing national economy. Considering these adverse circumstances, we are pleased with the results."
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Superconductor cables giving LIPA energy efficiency - 0 views

  • 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.
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  • 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.
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    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. "We view superconductor power cables as an important option that will help us further enhance the reliability of our grid as we meet our customers' increasing demands for electric power," LIPA chief executive Kevin Law said. He said the new cable allows the utility to increase capacity where its system has bottlenecks while increasing reliability and longevity and lowering costs. 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.
Colin Bennett

Types of Cables in Transmission Distribution - 0 views

  • Low-Voltage Cables "Transmission and Distribution Electrical Engineering" breaks down transmission and distribution cables into five separate categories. The most basic category is "low voltage." This includes cables used for telephone wires, as well as fire-retarded and resistant cables. These cables have the lowest maximum voltage of the four groups, ranging from 50 to 1,000 volts. Medium-Voltage Cables Medium-voltage cables --- which have a maximum capacity ranging from three to 7.2 kilovolts --- are the next class of transmission and distribution lines. These cables are typically used for solid dielectric and MI/MIND purposes. High-Voltage Cables The third class of transmission and distribution cables is high voltage. These power lines can carry a maximum voltage capacity of 10 to 150 kilovolts. While these cables can be used for the same purposes as low- and medium-voltage cables, their higher threshold makes them less cost-efficient than lower-grade wires. The main purposes of high-voltage wires include oil-filled cables, as well as gas-pressure or gas-insulated ducts. Very High-Voltage Cables Like medium- and high-voltage cables, very high-voltage lines are used for solid dielectric, oil-filled and gas-insulated ducts, but in situations where a higher maximum voltage is required. These cables have a maximum capacity of 150 to 300 kilovolts. Because of their very high-voltage capacity, these are typically transmission lines and not distribution lines.
Panos Kotseras

Bangladesh - Cable market suffers due to economic crisis - 0 views

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    The growth of the wire and cable industry in Bangladesh has been hit by the economic crisis. The two major local consumers in the industry are the power sector and industrial units. Poly Cables, said that they currently face a shortage of adequate buyers and reported a 60% y-o-y plunge in sales in the period January-April. Paradise Cables said that they are still performing well in the power cable business as they hold some supply contracts. However, the company is concerned about the global and domestic gloomy economic environment. Since independence, Bangladesh has invested in connecting outreach areas. As a result, industrial and power sector cables have contributed considerably to the growth of local cable manufacturers.
Colin Bennett

Copper Trends in Data Center Cabling - 0 views

  • Foldable, high-performance copper cable saves space in the rack High-performance, low-cost passive copper cabling remains the preferred alternative for short-reach applications in the data center. However, standard round copper cables can be bulky and consume precious space. A recent innovation in manufacturing technology by 3M has resulted in the development of
  • High-performance, low-cost passive copper cabling remains the preferred alternative for short-reach applications in the data center. However, standard round copper cables can be bulky and consume precious space. A recent innovation in manufacturing technology by 3M has resulted in the development of a uniquely shielded, thin, ribbon-style copper cable. The cable has the ability to fold multiple times and maintain signal integrity, allowing for higher-density racks and space savings. A major barrier to decreasing the size and stiffness of a round cable is inherent in the construction of traditional cable. This is an issue because a round copper cable can extend up to nine inches when routed behind a cabinet. In conventional, twin axial constructions, the shield is applied by wrapping it spirally around the insulated wire pair. This layer is then overwrapped to provide support and retain the primary shield wrap, increasing the stiffness of the pair. Multiple pairs are then cabled and an overall foil and braided shield are typically applied, thus further increasing the cable bulk and stiffness.
Colin Bennett

Airbus selects Nexans as main cable supplier - 2 views

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    "Airbus selects Nexans as main cable supplier for the next 5 years The new global supply contract, which builds on Nexans' existing 20-year partnership with Airbus, covers the supply of the hook-up, power, data and fire resistant cables that represent some 95 percent of the total cable requirement on an aircraft. The exact amount of cables on each aircraft varies according to its specification, from 200 km to 600 km depending on the aircraft model. Weight saving is a major priority for Airbus and a crucial element in winning this contract was Nexans' innovative approach to lighter weight cable designs with no compromise on safety, performance or reliability." The A380 jet uses aluminum wire and cable.
Piotr Ortonowski

Kuwait - LS Cable & System wins $110M order - 0 views

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    Kuwait - LS Cable & System wins $110M order LS Cable & System announced that it had secured a 400kV extra-high voltage cable project valued at $110 million (about KRW130 billion) from the Ministry of Electricity and Water of Kuwait. LS Cable & System said it will supply and install 400kV extra-high voltage conductor with insulated cables and connectors on a turnkey basis. LS Cable & System said that unlike ordinary extra-high voltage cable using pure copper for the conductor, the conductor with insulated cables to be installed will be a high-tech cable in which the strands of wire comprising the conductors are coated with enamel to reduce transmission resistance. This raises transmission capacity by more than 20%. When this type of conductor with insulated cable is used, the overall weight and thickness of the cable can be reduced, as much as the transmission resistance falls, greatly reducing the cost of cable manufacturing and power grid implementation.
Panos Kotseras

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

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    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.
Piotr Ortonowski

Japan - VVF cable shipments to increase in F2012 - 1 views

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    Sumiden Hitachi Cable said it forecasts Japanese electric cable makers' shipments of VVF (vinyl insulated vinyl sheathed flat-type) cable will total an average of 4,500-4,700 tonnes per month in copper weight in fiscal 2012 ending in March 2013. This would be an increase of around10%. However, if the reconstruction works in disaster areas affected by the Japanese earthquake were delayed, the monthly shipment forecasts could show a slight fall. Sumiden Hitachi Cable is the largest sales company of building cables and wires in Japan and is jointly controlled by Hitachi Cable, Sumitomo Electric Industries and Tatsuta Electric Wire & Cable. Sumiden Hitachi Cable is the third largest supplier of VVF cable in Japan.
Ruth Chapman

LS Cable to acquire Superior Essex - 0 views

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    Prysmian Cables & Systems has announced the signing of a four year frame agreement to design and supply flexible pipes for offshore oil and gas extraction with Petrobras of Brazil. Prysmian said it is to invest around $110 million constructing a new plant in Brazil and that the deal with Petrobras represented a major step forward in the company's operations in the Oil, Gas and Petrochemical services industry. Prysmian also announced the acquisition of the German cables manufacturer Facab-Lynen. Facab-Lynen generated sales of €62 million ($96 million) in 2007 and Prysmian said the acquisition will enable the company to further increase its production capacity and develop its market position in the special cables market, particularly in the fast growing renewable energy sector.
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    Deal worth $900 million
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    LS Cable and Superior Essex have announced the signing of a definitive agreement for LS Cable to acquire Superior Essex. The board of directors for both companies approved the agreement under which Superior Essex share holders will receive $45 per share making the deal worth $900 million. The acquisition, once complete will create the world's third largest wire and cable manufacturing company with Superior Essex continuing to operate under its current name as a wholly owned subsidiary of LS Cable. Nexans and Prysmian are the world's first and second ranked cable makers. LS Cable has a strong presence in the power and communications cable sector and in the Asian and Middle Eastern markets. Superior Essex is the world's largest magnet wire producer and leads in the North American communications market as well as having operations in North America, Europe and China.
Piotr Ortonowski

Japan - Sumiden Hitachi Cable forecasts for H1 F2012 - 0 views

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    Japan's largest company of building wires and cables, Sumiden Hitachi Cable, which is jointly controlled by Hitachi Cable, Sumitomo Electric Industries and Tatsuta Electric Wire & Cable, says it plans for its sales volume in copper to increase slightly year-on-year for first half of fiscal 2012 beginning in April. The firm forecasts that domestic demand for its three major items, the largest being low voltage XLPE cable, would remain steady y-o-y at around a monthly average volume of 14,500t of copper Sumiden Hitachi Cable estimated that Japanese demand for its three major products increased by 6%y-o-y in H2 2011 to average 15,800t in copper per month. Building wire and cable shipments remained steady for large building projects situated mainly in Tokyo while shipments increased by 20% y-o-y in the Tohoku area as a result of the restorations being undertaken following the earthquake last year. The shipment levels were also boosted by active public facilities construction towards the end of the Japanese major fiscal year in March. Forecasts suggest that in H1 F2012, total demand and shipments would level off as construction projects and restorations following the earthquake would begin to tail off.
Piotr Ortonowski

Japan - Copper cable shipments down - 0 views

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    Data provided by the Japanese Electric Wire and Cable Makers' Association shows that the country's wire and cable shipments dropped 18.8% from March and 26.3% to 52,000 tonnes from a year ago. The association also said that it expects Japanese wire and cable consumption, which accounts for 60% of total copper demand, will fall to its lowest in 34 years in FY2009. However, exports to China have been increasing in recent months. Toyota Motor Corp, the world's largest carmaker, said it predicts its vehicle sales to be 1 million less than the previous year.
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    Data from the Japanese Electric Wire and Cable Makers Association revealed that exports fells by almost 32% m-o-m in July. Wire and cable exports fell 51% y-o-y in July. Predictions for August expect a further fall of 22% y-o-y. The country receiving the largest share of exports from Japan is Qatar, which predominantly imports electrical power cable.
Colin Bennett

LS Cable & System vigorously develops new global markets - 0 views

  • The Kazakhstani project is designed to resolve power deficiencies caused by expansive urban and industrial development in Almaty, the capital city. LS Cable & System will provide products, such as 127km of 220kV level extra high-voltage transmission cables and joints, and technical consultation until August next year. In addition, 140km of OPGW (optical ground wire, see glossary) and 1,100km of 220kV level gap conductors (see glossary) will be supplied together with installation support by year end to San Lorenzo and Guarambare for national backbone power and communication network implementation in Paraguay.
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    "The Kazakhstani project is designed to resolve power deficiencies caused by expansive urban and industrial development in Almaty, the capital city. LS Cable & System will provide products, such as 127km of 220kV level extra high-voltage transmission cables and joints, and technical consultation until August next year. In addition, 140km of OPGW (optical ground wire, see glossary) and 1,100km of 220kV level gap conductors (see glossary) will be supplied together with installation support by year end to San Lorenzo and Guarambare for national backbone power and communication network implementation in Paraguay. "
Colin Bennett

Wire and Cable: Materials, Technologies and Global Markets Report - 0 views

  • Much of the volatility in the cable market is tied to the raw material costs on the supply side. As a result, the pricing trends of cables and wires are not entirely driven by market demand. The market is also far from being homogenous, with the end user profiles ranging from wholesale purchasers, telecom operators, retail users, utility managers, power supply companies as well as enterprises. The leverage enjoyed by the buyers is by and large directly proportional to their off take and inversely proportional to the criticality of cables and wires to their operations. While the technology behind cables has remained consistent, it has not stayed static. As with most applied sciences, cables have witnessed a relentless stakeholder drive towards achieving better transmission with lesser resources. This has led to improvement and improvisations in the core conductor as well as its assembly technologies.
Matthew Wonnacott

LS Cable & Systems plans to grow by tapping the Indian market - 0 views

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    LS Cable & Systems, the world's third largest manufacturer of wire and cable, reaffirmed on 23rd November that it is seeking to become the world's largest wire and cable manufacturer by 2020, and that it is targeting the value-added cable market in India as part of its strategy. The company, which according to chief executive officer Koo Cha-yol "has 33 manufacturing firms, 64 operational bases and four research centers in 26 countries," generates 60% of its sales abroad. LS Cables & Systems has been expanding these overseas sales through acquisitions, in recent years buying American cable maker Magnet Wire in 2008, and Chinese cable maker Hongchi in 2011, giving it access to the world's largest markets.
Colin Bennett

General Cable Aluminum Building Wire - 0 views

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    "General Cable's STABILOY® and NUAL® Brand aluminum alloy building wire offering consists of the following: STABILOY® Brand of Service Entrance Cables (SER/SEU) and non-residential cables including Metal Clad (MC), FeederPlex HS® (High Speed) XHHW-2, and WIDESTRIPE HS® (High Speed) XHHW-2 for the U.S. market. The NUAL® Brand of aluminum alloy building wire offers similar cable constructions of AC90, FeederPlex HS® RW90, WIDESTRIPE® RW90, TECK 90 for the Canadian market. "
Matthew Wonnacott

Japanese copper wire and cable shipments expected to grow by 2.2% in 2013/14 - 0 views

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    According to a statement from the Japanese Electric Wire and Cable Makers' Association, Japanese shipments of copper wire and cable could rise by as much as 2.2% in the fiscal year Q2 2013 to Q1 2014. This would see shipments rise to 701,000t from an estimated 685,700t in the fiscal year ending March 2013. Although Japanese wire and cable shipments have grown for four consecutive years, copper wire and cable shipments in 2012 were still around 20% lower than levels seen in 2007.
James Wright

Japan - Copper wire and cable sales of 58,000t in June 2011, up by 2.4% y-o-y - 0 views

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    The Japanese Electric Wire & Cable Maker's Association reported that copper wire and cable shipments amounted to 58,000t in June 2011, up by 2.4% y-o-y, principally attributed to strong demand for wiring harnesses used in the automotive industry. This marks the first positive growth in Japanese wire and cable shipments since February after a drop in shipment levels due to the 11th March earthquake and tsunami. Wire and cable exports registered another year-on-year contraction in June, caused by increased competition from local producers and the strong yen. On the other hand, domestic delivery levels increased on the previous year in June, representing the tenth y-o-y rise in a row.
Colin Bennett

Prysmian Group top in speciality cable survey - 1 views

  • "The Asian market has shown rapid growth, reaching US$1.8 billion in 2010," says Integer Research Director, Philip Radbourne. "Prysmian, Nexans, Leoni and General Cable dominate the market for specialty industrial cables. General Cable dominates North American, whilst Prysmian, Nexans and Leoni have expanded their operations from Western Europe into Asia." There are also a number of other producers of specialty cable, from Lapp, LS Cable, Fujikura, Furukawa Electric, through to TMC, Hien Electric, and Habia Cable. These companies have built market share in their niche products area on a regional basis. The same is true of leading Chinese shipboard cable maker Yuanyang (Yangzhou Marine Cable) "North America and Western Europe have shown the highest growth rates in the renewables markets - wind turbines and solar farms. However, Asia has been showing impressive growth in a range of end-use sectors. This certainly may explain Nexans and Prysmian's strategy of moving into the Middle East and Asia," says Sebastien Chu Ti, analyst at Integer Research.
Panos Kotseras

UAE - Demand for medium and high voltage cables is 270,000 km - 0 views

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    Amid the global economic crisis, one sector that has not contracted but has actually expanded is the utilities infrastructure in the Middle East. The government of Dubai announced in January that it will spend AED 37.7 billion (US$10.3 billion) as part of its 2009 budget. A considerable part will be spent on infrastructure projects and power networks will be a significant portion of this plan. According to data provided by Dow Wire and Cable, the regional demand for medium and high voltage cables amounts to 270,000 km and this is expected to rise in the next 2-3 years. While there is still growing demand for medium and high voltage cables, there is currently shrinking demand for smaller products such as building wire.
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